The new report by Expert Market Research titled, ‘The United States Medical Writing Market Report and Forecast 2022-2027, gives an in-depth analysis of the country’s medical writing market, assessing the market based on its segments like type, application, and end-use.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021): USD 0.9 Billion
• Forecast CAGR (2022-2027): 10.0%
• Forecast Market Size (2027): USD 1.5 Billion
|Market Size in 2021||USD 0.9 Billion|
|Revenue Forecast in 2027||USD 1.5 Billion|
|Growth Rate CAGR||10.0%|
|Major Players||Inclin, Inc., Parexel International Corporation., Cardinal Health, Inc.,
Labcorp Drug Development, MakroCare, Freyr Solutions, Banner Medical, LLC, BioPoint Inc., Others
Medical writing is gaining traction across the United States. The increasing healthcare expenditure and growing research and development activities in medical device manufacturing are favouring the market growth. In the United States, the healthcare sector accounts for around 24% of government spending. Market players have a well-experienced team of medical writers.
For instance, InClin, Inc., a full-service contract research organisation has a team of medical writers that has a combined experience of 80 years. Furthermore, the increasing number of drug trials and the growing research activities for vaccines are contributing to the expansion of the market of medical writing in the United States.
United States Medical Writing Industry Definition and Major Segments
Medical writing involves the creation of well-structured research and scientific documents which include clinical research documents and the content for magazines, journals, and healthcare websites. Medical writers often work with scientists, doctors, and other experts to create research documents.
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Based on the type, the United States medical writing market has been segmented into:
• Clinical Writing
• Regulatory Writing
• Scientific Writing
The applications of medical writing include:
• Medical Journalism
• Medical Education
• Medico Marketing
By end-use, the market has been segregated as:
• Pharmaceutical and Biotechnology Companies
• Contract Research Organisations (CROs)
The market has also been segmented based on the regions like:
- North America
- Asia Pacific
- Middle East and Africa.
United States Medical Writing Market Trends
The changing market dynamics, reduced product pipelines, and expiring patterns are compelling pharmaceutical companies to outsource non-core activities like medical writing to control costs and improve drug-development cycle time. Thus, the trend of outsourcing medical writing is positively contributing to the market growth. The demand for medical writers that have a strong technical background as well as good communication skills is also booming.
Pharmaceutical companies, CROs, and medical device companies are increasingly outsourcing medical writers to prepare regulatory documents to get approvals from regulatory bodies like FDA for the newly developed devices and drugs.
Key Market Players
The major players in the market are:
- Inclin, Inc
- Parexel International Corporation
- Cardinal Health, Inc
- Labcorp Drug Development
- Freyr Solutions
- Banner Medical
- BioPoint Inc
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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