U.S. Medical Affairs Outsourcing Market Size & Outlook
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U.S. medical affairs outsourcing market highlights
- The U.S. medical affairs outsourcing market generated a revenue of USD 515.1 million in 2022 and is expected to reach USD 1,404.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 13.8% 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 515.1 million |
| Market revenue in 2030 | USD 1,404.6 million |
| Growth rate | 13.8% (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, U.S. accounted for 30.3% 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 North America, U.S. medical affairs outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,404.6 million by 2030.
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Medical Affairs Outsourcing Market Scope
Medical Affairs Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Indegene | View profile | 5001-10000 | Princeton, New Jersey, United States, North America | https://www.indegene.com/ |
| ZEINCRO Group | View profile | 101-250 | Sofia, Grad Sofiya, Bulgaria, Europe | https://www.zeincro.com/ |
| Ashfield Healthcare | View profile | 1001-5000 | Ashby De La Zouch, Leicestershire, United Kingdom, Europe | https://oneashfield.com/ |
| The Medical Affairs Company | View profile | 101-250 | Atlanta, Georgia, United States, North America | http://www.themedicalaffairscompany.com |
| Syneos Health | View profile | 1001-5000 | Morrisville, North Carolina, United States, North America | https://www.syneoshealth.com/ |
| SGS AG | View profile | 103193 | 1 Place des Alpes, P.O. Box 2152, Geneva, Switzerland, CH-1211 | https://www.sgs.com |
| IQVIA Holdings Inc | View profile | 87000 | 2400 Ellis Road, Durham, NC, United States, 27703 | https://www.iqvia.com |
| Wuxi AppTec Co Ltd | View profile | 41116 | 288 Fute Zhong Road, Waigaoqiao Free Trade Zone, Shanghai, China, People's Republic of, 200131 | https://www.wuxiapptec.com |
| Icon PLC | View profile | 41150 | South County Business Park, Leopardstown, Dublin, Ireland, D18 X5R3 | https://www.iconplc.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
U.S. 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 will help companies and investors design strategic landscapes.
Medical writing & publishing was the largest segment with a revenue share of 36.91% in 2022. Horizon Databook has segmented the U.S. 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.
U.S. was the largest market in the North American region and contributed to more than 85.5% of the market share in 2020. This is attributed to the increasing number of clinical trials being performed in the U.S. As per the PhRMA, there are 4,516 clinical trials in the U.S. with 9, 20,172 participants and USD 15.2 billion investments at clinical trial sites.
Besides, biopharmaceutical industry in the U.S. has been the world leader in the development of new medicines. Besides, the U.S. accounts for a major share of clinical trial applications across the globe with 33.0% of total clinical trial applications being filed within the country in the year 2014-2016.
Big biopharmaceutical & medical device companies are outsourcing part of their medical functions such as report writing & publishing and clinical trial application services to service providers, thereby contributing to the growth of medical affairs outsourcing market in the U.S.
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Target buyers of U.S. medical affairs outsourcing market databook
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Our clientele includes a mix of medical affairs outsourcing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. medical affairs outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into U.S. medical affairs outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. medical affairs outsourcing market size, by services, 2018-2030 (US$M)
U.S. Medical Affairs Outsourcing Market Outlook Share, 2022 & 2030 (US$M)
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