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DUBLIN, April 13, 2021 /PRNewswire/ -- The "Global Medical Writing Market (2020-2025) by Type, Application, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Medical Writing Market is estimated to be USD 3.36 Bn in 2020 and is expected to reach USD 5.95 Bn by 2025, growing at a CAGR of 12.1%.

Market Dynamics

Key factors such as growth in medical sciences have compelled a need for articulating clear, concise information on complex topics in the pharmaceutical and related life sciences sector. This is prominently driving the growth of the medical writing market. Moreover, with the rising expiries of patents and additional clinical trial processes, there is a constant need of drafting regulatory documents. This has led to a demand in medical writing. Further, the growing partnerships and collaborations in this domain are likely to support the market growth.

However, the shortage of skilled medical writers along with less cognizance given to the medical writer for their respective contribution is likely to hamper the growth of the market.

Market Segmentation

Recent Developments1. Cactus Communications has launched R (researcher.life) which is an integrated ecosystem of tools for academic researchers. The tools shall help the researchers to conduct literature search faster and more intelligently - 4th June 20202. Covance Drug development business has launched a laboratory solution within the Functional Service provider (FSP) Offering to enhance its capabilities in the areas of clinical operations, statistical programming, medical writing, and pharmacovigilance services - 9th September 2019

Company ProfilesSome of the companies covered in this report are PAREXEL International Corporation, Trilogy Writing & Consultancy GmBH, Freyr Solutions, and CACTUS Communications.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

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Key Topics Covered:

1 Report Description1.1 Study Objectives 1.2 Market Definition1.3 Currency1.4 Years Considered1.5 Language1.6 Key Shareholders

2 Research Methodology2.1 Research Process2.2 Data Collection and Validation2.2.1.1 Secondary Research2.2.1.2 Primary Research2.3 Market Size Estimation2.4 Assumptions of the Study2.5 Limitations of the Study

3 Executive Summary

4 Market Overview4.1 Introduction 4.2 Market Dynamics4.2.1 Drivers4.2.1.1 Rapid growth in the medical sciences4.2.1.2 Increasing demand for outsourcing of medical writing capabilities 4.2.1.3 Growth in drafting trial regulation and patent registration documents4.2.1.4 Partnerships and collaborations between market players4.2.2 Restraints4.2.2.1 Shortage of skilled medical writers4.2.2.2 Lack of standardized guidance concerning acknowledgment for the medical writer's specific contributions4.2.3 Opportunities4.2.3.1 Role of new technologies in medical writing4.2.3.2 Increasing dependence upon the internet and digital communications4.2.3.3 Growth in medical device regulations4.2.4 Challenges4.2.4.1 Lack of quality evaluation instruments4.2.4.2 Challenges involved in regulatory medical writing4.3 Trends

5 Market Analysis5.1 Porter's Five Forces Analysis5.2 Impact of COVID-195.3 Ansoff Matrix Analysis

6 Global Medical Writing Market, By Type6.1 Introduction6.2 Clinical Writing6.3 Regulatory Writing6.4 Scientific Writing6.5 Others

7 Global Medical Writing Market, By Application7.1 Introduction7.2 Medical Journalism7.3 Medical Education7.4 Medico Marketing7.5 Others

8 Global Medical Writing Market, By End User8.1 Introduction8.2 Pharmaceutical and Biotechnology Companies8.3 Contract Research Organizations (CROs)8.4 Others

9 Global Medical Writing Market, By Geography9.1 Introduction9.2 North America9.2.1.1 US9.2.1.2 Canada9.2.1.3 Mexico9.3 South America9.3.1.1 Brazil9.3.1.2 Argentina9.4 Europe9.4.1.1 UK9.4.1.2 France9.4.1.3 Germany9.4.1.4 Italy9.4.1.5 Spain9.4.1.6 Rest of Europe9.5 Asia-Pacific9.5.1.1 China9.5.1.2 Japan9.5.1.3 India9.5.1.4 Indonesia9.5.1.5 Malaysia9.5.1.6 South Korea9.5.1.7 Australia9.5.1.8 Russia9.5.1.9 Rest of APAC9.6 Rest of the World9.6.1.1 Qatar9.6.1.2 Saudi Arabia9.6.1.3 South Africa9.6.1.4 United Arab Emirates9.6.1.5 Latin America

10 Competitive Landscape10.1 IGR Competitive Quadrant10.2 Market Share Analysis10.3 Competitive Scenario10.3.1.1 Mergers & Acquisitions10.3.1.2 Agreement, Collaborations, & Partnerships10.3.1.3 New Product Launches & Enhancements10.3.1.4 Investments & Fundings

11 Company Profiles11.1 IQVIA Holdings Inc11.2 Parexel International Corporation (Pamplona Capital)11.3 Trilogy Writing & Consulting11.4 Covance11.5 OMICS International11.6 Freyr Solutions11.7 Cactus Communications11.8 Certara (EQT)11.9 InClin Inc11.10 SIRO Clinpharm Private Limited11.11 Synchrogenix (Certara)11.12 Quanticate11.13 Icon Plc11.14 Cardinal Health11.15 InfocusRx 11.16 MakroCare 11.17 Intertek Group plc11.18 Clinexa Life Sciences Pvt11.19 Syneos Health11.20 UDG Healthcare Plc 11.21 Indegene11.22 Nucleus Global (Huntsworth)

12 Appendix12.1 Questionnaire

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Worldwide Medical Writing Industry to 2025 - Increasing Dependence Upon the Internet and Digital Communications Presents Opportunities - PRNewswire