Brazil Medical Affairs Outsourcing Market Size & Outlook
The medical affairs outsourcing market in Brazil is expected to reach a projected revenue of US$ 330.6 million by 2030. A compound annual growth rate of 13.4% is expected of Brazil medical affairs outsourcing market from 2023 to 2030.
Brazil medical affairs outsourcing market highlights
The Brazil medical affairs outsourcing market generated a revenue of USD 125.0 million in 2022 and is expected to reach USD 330.6 million by 2030.
The Brazil market is expected to grow at a CAGR of 13.4% from 2023 to 2030.
In terms of segment, medical writing & publishing was the largest revenue generating services in 2022.
Medical Science Liaisons (MSLs) is the most lucrative services segment registering the fastest growth during the forecast period.
Medical affairs outsourcing market data book summary
Market revenue in 2022
USD 125.0 million
Market revenue in 2030
USD 330.6 million
Growth rate
13.4% (CAGR from 2023 to 2030)
Largest segment
Medical writing & publishing
Fastest growing segment
Medical Science Liaisons (MSLs)
Historical data
2018 - 2021
Base year
2022
Forecast period
2023 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Medical Writing & Publishing, Medical Monitoring, Medical Science Liaisons (MSLs), Medical Information
Key market players worldwide
IQVIA Holdings Inc, Icon PLC, The Medical Affairs Company, Syneos Health, Thermo Fisher Scientific Inc, Wuxi AppTec Co Ltd, SGS AG, Ashfield Healthcare, ZEINCRO Group, Indegene
Other key industry trends
In terms of revenue, Brazil accounted for 7.3% of the global medical affairs outsourcing market in 2022.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Latin America, Brazil medical affairs outsourcing market is projected to lead the regional market in terms of revenue in 2030.
Brazil is the fastest growing regional market in Latin America and is projected to reach USD 330.6 million by 2030.
Brazil accounts for the largest biopharmaceutical market in Latin America and the region is expected to dominate the medical affairs outsourcing market during the forecast period. Brazil is projected to be the target market for international generic & innovator companies, thereby contributing to the growth of the medical affairs outsourcing market.
In March 2020, the Accreditation Council for Medical Affairs in partnership with Interfarma an association representing biopharma & clinical research industries in Brazil launched its first independently-administered program to train & credential medical affairs professionals in Brazil to understand key principles in areas such as drug development, clinical trial design, marketing, and regulatory affairs.
Increasing patient demand for off-label use of drugs makes it more important that pharmaceutical representatives and medical affairs professionals have solid training pertaining to the rules governing interactions with practicing physicians, drug abuse, fraud prevention, & professional ethics.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Medical Affairs Outsourcing Market Outlook will help companies and investors design strategic landscapes.
Medical Writing & Publishing was the largest segment with a revenue share of 40.32% in 2022.
Horizon Databook has segmented the Brazil medical affairs outsourcing market based on medical writing & publishing, medical monitoring, medical science liaisons (msls), medical information covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil accounts for the largest biopharmaceutical market in Latin America and the region is expected to dominate the medical affairs outsourcing market during the forecast period. Brazil is projected to be the target market for international generic & innovator companies, thereby contributing to the growth of the medical affairs outsourcing market.
In March 2020, the Accreditation Council for Medical Affairs in partnership with Interfarma an association representing biopharma & clinical research industries in Brazil launched its first independently-administered program to train & credential medical affairs professionals in Brazil to understand key principles in areas such as drug development, clinical trial design, marketing, and regulatory affairs.
Increasing patient demand for off-label use of drugs makes it more important that pharmaceutical representatives and medical affairs professionals have solid training pertaining to the rules governing interactions with practicing physicians, drug abuse, fraud prevention, & professional ethics.
Brazil Medical Affairs Outsourcing Market Services Outlook (Revenue, USD Million , 2018-2030)
Medical Writing & Publishing
Medical Monitoring
Medical Science Liaisons (MSLs)
Medical Information
Others
Brazil Medical Affairs Outsourcing Market Industry Outlook (Revenue, USD Million , 2018-2030)
Pharmaceutical
Biopharmaceutical
Medical Devices
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil Medical Affairs Outsourcing Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Brazil Medical Affairs Outsourcing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Brazil Medical Affairs Outsourcing Market, 2018-2030 (US$M)