Medical Writing Market showing Footprints for Strong Annual Sales

Posted by Andre on October 22nd, 2019

This Global Medical Writing Market report has been prepared with the thorough market analysis carried out by a team of industry experts, dynamic analysts, skilful forecasters and well-informed researchers. This market research report is very crucial in several ways for business growth and to thrive in the market. Competitive analysis is the major feature of any market research report, and hence Global Medical Writing Market report covers many points including strategic profiling of key players in the market, analyse core competencies of key players, and draw a competitive landscape for the Healthcare industry. This market report gives an edge to compete and to outdo the competition.

Global medical writing market is expected to rise to an estimated value of USD 3.85 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. Rising demand for drug related information and increasing demand for preparation of drafts of new patents.

Top Manufacturers Covered in the Report:

Few of the major competitors currently working in the global medical writing market are Parexel International Corporation., Trilogy Writing & Consulting GmbH, Freyr, CACTUS Communications, Covance Inc, IQVIA., OMICS International, Certara, SIRO Clinpharm, Quanticate, InClin, Inc., Intertek Group plc, ICON plc, Cardinal Health., MakroCare., IF Medical Writing SASU, InfocusRx, inc., APCER Life Sciences, Inc., Pearl Pathways, LLC., Insight Medical Writing., SGS SA and others

Primary Respondents

• Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
• Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Customization of the Report:

• All segmentation provided above in this report is represented at country level
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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Market Drivers

• Growth in the pharmaceutical industry is driving the growth of this market
• Rising number of patents expiring is another factor driving the market growth
• Increasing prevalence for non- core activities is driving market
• Rising R&D investment in medical writing is factor driving the growth of this market.

Market Restraints

• High attrition cost is restraining the growth of this market
• Lack of skilled and trained professional is another factor restraining the growth of this market
• Incompetent technical writing skill is another factor restraining the market growth.

Key Developments in the Market:

• In April 2019, Whitsell Innovations, Inc. announced that they have acquired Pharmakey, LLC so that they can expand their planned consulting services and full electronic submissions. The main aim is to meet the need and requirement of the company for regulatory decision-making and significant writing
• In August 2018, Syneos Health, Inc announced that they have acquired Kinapse which will help the company to expand their safety, regulatory and pharmacovigilance consulting and operations. It will also help the company to strengthen their medical writing, clinical trial transparency, quality operations and consulting capabilities in the areas of R&D providing high value solutions to the customer

Competitive Analysis:

Global medical writing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical writing market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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