The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global medical writing market is expected to grow from $3.06 billion in 2022 to $3.42 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The medical writing market is expected to reach $5.09 billion in 2027 at a CAGR of 10.5%.

North America held the largest medical writing market share, and Asia-Pacific was the fastest-growing region in 2022.

Medical Writing Market Driver
The rising development of new drugs is expected to propel the growth of the medical writing market going forward. Novel drugs are pharmaceutical substances not previously approved or marketed for therapeutic use. Medical writing helps the development of new drugs by providing strategies and techniques required in publishing documents for drug development. It also includes information regarding drug research and information technology. For instance, according to the US Food and Drug Administration, a US-based health regulatory authority approved 53 novel drugs in 2020, compared to 48 drugs in the previous year. Therefore, the rising development of new drugs is driving the growth of the medical writing market.

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Prominent Medical Writing Market Trend
Product innovation has emerged as a key trend gaining popularity in the medical writing market. Major companies operating in the medical writing market are concentrating on creating innovative products to strengthen their position in the market. For instance, in September 2021, Certara Inc., a US-based company that provides drug development software and services, launched the New Synchrogenix Writer Software. The Synchrogenix Writer program automates data mapping and allows for early writing before database lock, increasing consistency, lowering risk, and speeding up the regulatory filing process. A new regulatory SaaS application accelerates the production and assessment of patient narratives. Patient accounts of adverse events or medication responses are essential for clinical research reporting in all therapeutic areas and throughout the clinical phases.

Medical Writing Market Prominent Players
Major players in the medical writing market are Cardinal Health Inc., Merck and Co. Inc., AbbVie Inc., Abbott Laboratories, Medtronic Plc., Labcorp Drug Development Inc., IQVIA Holdings Inc., Icon Plc., Parexel International Corporation, Syneos Health, Ashfield Healthcare Limited, Indegene Pvt. Ltd, UDG Healthcare Plc., Evidera, Certara Inc., MMS Holdings Inc., Freyr Solutions, Cactus Communication Ltd., Omics International Pvt Ltd., Quanticate International limited, Inclin Inc., Criterium Inc., Aptitude Health., Siro Clinpharm Private Limited, ProScribe Medical Communications, Pegasus Knowledge Solutions Inc., Cognibrain, Scientific Communications Group, InkLab Medical Communications, and Trilogy Writing and Consulting GmBH.

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Key Medical Writing Market Segments
The global medical writing market is segmented –
1) By Type: Clinical Writing, Regulatory Writing, Scientific Writing, Other Types
2) By Application: Medical Journalism, Medical Education, Medico Marketing, Other Applications
3) By End-Use: Pharmaceutical Companies, CRO (Contract Research Organization), Other End-Users

The Medical Writing Global Market Report 2023  provides a comprehensive overview on the medical writing market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the medical writing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Medical And Diagnostic Laboratory Services Global Market Report 2023
Medical Equipment Global Market Report 2023
Luxury Writing Instruments And Stationery Global Market Report 2023

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