North America Medical Affairs Outsourcing Market Size & Outlook
The medical affairs outsourcing market in North America is expected to reach a projected revenue of US$ 1,532.6 million by 2030. A compound annual growth rate of 13% is expected of North America medical affairs outsourcing market from 2023 to 2030.
North America medical affairs outsourcing market highlights
The North America medical affairs outsourcing market generated a revenue of USD 593.8 million in 2022.
The market is expected to grow at a CAGR of 13% 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.
Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
Market revenue in 2022
USD 593.8 million
Market revenue in 2030
USD 1,532.6 million
Growth rate
13% (CAGR from 2023 to 2030)
Largest segment
Medical writing & publishing
Fastest growing segment
Medical Science Liaisons (MSLs)
Historical data covered
2018 - 2021
Base year for estimation
2022
Forecast period covered
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, North America region accounted for 34.9% of the global medical affairs outsourcing market in 2022.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 1,647.4 million by 2030.
North America is known to have one of the most stringent regulatory systems across the world. There has been a tremendous increase in approval of biologics, which account for 39.0% of total new drug approvals and this indicates the growing pipeline of biotechnology products.
Stringent regulatory processes and growing R&D expenditure in North America are anticipated to increase the demand for outsourcing medical affairs services by large biopharmaceuticals.
North America is home to numerous biopharmaceutical and medical device companies, which are outsourcing part of their regulatory functions to regulatory service providers. The high cost of R&D is a major challenge, which has encouraged biopharmaceutical and medical device companies based in North America to outsource certain functions to individuals with the high level of expertise in the domain.
North America Medical Affairs Outsourcing Market Outlook
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 36.65% in 2022.
Horizon Databook has segmented the North America 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.
North America is known to have one of the most stringent regulatory systems across the world. There has been a tremendous increase in approval of biologics, which account for 39.0% of total new drug approvals and this indicates the growing pipeline of biotechnology products.
Stringent regulatory processes and growing R&D expenditure in North America are anticipated to increase the demand for outsourcing medical affairs services by large biopharmaceuticals.
North America is home to numerous biopharmaceutical and medical device companies, which are outsourcing part of their regulatory functions to regulatory service providers. The high cost of R&D is a major challenge, which has encouraged biopharmaceutical and medical device companies based in North America to outsource certain functions to individuals with the high level of expertise in the domain.
North America Medical Affairs Outsourcing Market Services Outlook (Revenue, USD Million , 2018-2030)
Medical Writing & Publishing
Medical Monitoring
Medical Science Liaisons (MSLs)
Medical Information
Others
North America 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 continent-level data and insights on the North America Medical Affairs Outsourcing Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Medical Affairs Outsourcing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Medical Affairs Outsourcing Market, 2018-2030 (US$M)