China Medical Affairs Outsourcing Market Size & Outlook
The medical affairs outsourcing market in China is expected to reach a projected revenue of US$ 609.9 million by 2030. A compound annual growth rate of 14.1% is expected of China medical affairs outsourcing market from 2023 to 2030.
China medical affairs outsourcing market highlights
The China medical affairs outsourcing market generated a revenue of USD 219.2 million in 2022 and is expected to reach USD 609.9 million by 2030.
The China market is expected to grow at a CAGR of 14.1% 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 219.2 million
Market revenue in 2030
USD 609.9 million
Growth rate
14.1% (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, China accounted for 12.9% 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 Asia Pacific, India medical affairs outsourcing market is projected to lead the regional market in terms of revenue in 2030.
Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 155.5 million by 2030.
Multinational companies have radically increased their number of medical staff, from a handful to hundreds in the last 2 years. The medical staff is increasing to help address the changing dynamics in the market and due to the weakening of core branded generics business. The government, physicians, and hospitals in China are focused on making decisions using the latest scientific evidence.
Decisionmakers are increasingly turning to measures of real-life health economics and outcomes to assess the merit of individual therapies, creating a strong need for accessing relevant medical & scientific data. Moreover, the changing industry dynamics is creating demand for services.
The Chinese government is also continuously implementing healthcare reforms, which is boosting market growth. Competition among companies is increasing due to new product launches across all therapeutic areas. Product strategy is increasingly driving the market.
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 40.69% in 2022.
Horizon Databook has segmented the China 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.
Multinational companies have radically increased their number of medical staff, from a handful to hundreds in the last 2 years. The medical staff is increasing to help address the changing dynamics in the market and due to the weakening of core branded generics business. The government, physicians, and hospitals in China are focused on making decisions using the latest scientific evidence.
Decisionmakers are increasingly turning to measures of real-life health economics and outcomes to assess the merit of individual therapies, creating a strong need for accessing relevant medical & scientific data. Moreover, the changing industry dynamics is creating demand for services.
The Chinese government is also continuously implementing healthcare reforms, which is boosting market growth. Competition among companies is increasing due to new product launches across all therapeutic areas. Product strategy is increasingly driving the market.
China Medical Affairs Outsourcing Market Services Outlook (Revenue, USD Million , 2018-2030)
Medical Writing & Publishing
Medical Monitoring
Medical Science Liaisons (MSLs)
Medical Information
Others
China 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 China Medical Affairs Outsourcing Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Medical Affairs Outsourcing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Medical Affairs Outsourcing Market, 2018-2030 (US$M)