Medical Writing Market Size, Share & Trends Report

Medical Writing Market Size, Share & Trends Analysis Report By Application (Medical Journalism, Medico Marketing), By Type (Clinical, Regulatory), By End Use (Pharma & Biotech Companies, CROs), And Segment Forecasts, 2019 - 2026

  • Published Date: Jun, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-2-68038-908-1
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 90

Industry Insights

The global medical writing market size was valued at USD 1.72 billion in 2018 and is expected to witness a CAGR of 10.3% from 2019 to 2026. The FDA Biologic License Application (BLA) and New Drug Application (NDA) filings decreased from 57 in 2017 to 43 in 2018. Hence, companies in the healthcare industry are spending a major share of their revenue on R&D activities to improve the overall efficiency.

For instance, in July 2018, Pfizer raised its projections for research spending to USD 8.1 billion from 7.9 billion previously. Pharmaceutical medical writing has developed significantly in developing countries in the last couple of decades along with the expansion of regulatory, safety, and publication records and educational and communication material related to health and healthcare products.

U.S. medical writing Market

Medical writing requires knowledge of the drug development process, understanding of research methodologies, and regulatory & safety guidelines. It is one of the most commonly obtained clinical services and the demand for clinical write-up has increased due to growing pressure on pharma companies to contain costs.

Developing countries, such as India and China, provide a favorable environment for clinical trials and are economical choices for outsourcing clinical research activities due to higher population. However, the market faces challenges, such as inadequate technical writing skills, the lack of depth in domain expertise, lack of standardized training programs, and high attrition rates as well as quality assessment tools.

Type Insights

Clinical writing held the majority of the market share in the past and is likely to maintain its leading position during the forecast period as Clinical Research Organizations (CROs) are establishing medical writing as a feasible extension to their current service portfolio owing to their access to a large amount of clinical trial data. It is a specialized type of medical writing and requires knowledge of both formal and informal medical language and scientific background.It delivers informed consent documents, protocols, and clinical study reports to support trials across all phases of drug development. Regulatory writing offers different clinical documents throughout the lifecycle of an upcoming treatment and includes a description of clinical trials, through regulatory submission of documents. Moreover, it provides a post-approval report by the regulatory authority, highlighting the effects of treatment in patients.

End Use Insights

Based on end use, the market is divided into pharmaceutical & biotechnology companies and CROs. CROs led the market in 2018 due to increased R&D costs. Drug manufacturers are under pressure to replace revenue loss, specifically due to the introduction of generics post patent expiration. Medical writers in pharma & biotech companies and CROs are involved in consultancy services providing data on regulatory protocol, quality control, and branding for the product along with the presentation and marketing.

Application Insights

Based on application, the market is segmented into medical journalism, medical education, and medico marketing. Medical journalism is projected to be the dominant application segment; while medico marketing is expected to witness the fastest CAGR over the forecast period.

Global medical writing Market

It involves thedevelopment of advertising and promotional content, training manuals, product monographs, and web content for public. In 2015, a report by the Institute of Health and Socio-Economic Policy stated that out of the top 100 pharmaceutical companies by sales, 64 companies spent twice as much on drug marketing and sales than on R&D operations.

Regional Insights

North America led the global market in terms of revenue share in 2018. Medical writing in U.S. for FDA approval needs an in-depth understanding of the requirements laid down by the regulatory authority. The documents for FDA submission must be succinct and accurate. Many pharma and biotech companies work with regulatory and medical writing service providers to help with regulatory writing and compilation of dossiers for FDA submission of proposals, such as to obtain permission to conduct clinical trials and for marketing approval of new drugs. The market in Asia Pacific is expected to witness the highest CAGR from 2019 to 2026. Cheap labor costs and the increasing number of CROs are the key factors driving the regional market.

Medical Writing Market Share Insights

Some of the major companies in the global market are IQVIA; Parexel International Corp.; Triology Writing & Consultancy GmBH; Covance, Inc.; OMICS International; and Freyr Solutions. Pharmaceutical organizations and CROs work with medical writers and medical journalists for regulatory, promotional, and marketing document preparation. They provide scientific documentation at all stages of drug development. Parexel’s new medical writing solution, which provides communication services from drug development to commercialization phase, enables sponsors to meet high-quality documentation.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2026

Market representation

Revenue in USD Million and CAGR from 2019 to 2026

Regional scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Country scope

U.S., Canada, U.K., Germany, France, Italy, Spain, Japan, China, India, Brazil, Mexico, Argentina, South Africa, United Arab Emirates, Saudi Arabia, Iran, and Turkey

Report coverage

Revenue forecast, company share, competitive landscape, growth factors & trends

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2026. For the purpose of this study, Grand View Research has segmented the global medical writing market report on the basis of type, application, end use, and region:

  • Type Outlook (Revenue, USD Million, 2015 - 2026)

    • Clinical

    • Regulatory

    • Scientific

    • Others

  • Application Outlook (Revenue, USD Million, 2015 - 2026)

    • Medical Journalism

    • Medical Education

    • Medico Marketing

    • Others

  • End Use Outlook (Revenue, USD Million, 2015 - 2026)

    • Pharmaceutical & Biotechnology Companies

    • Contract Research Organizations (CROs)

  • Regional Outlook (Revenue, USD Million, 2015 - 2026)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East & Africa

      • South Africa

      • United Arab Emirates

      • Saudi Arabia

      • Iran

      • Turkey

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