Medical Affairs Outsourcing Market Report Analysis (By Service: Medical Monitoring, Medical Writing & Publishing, Medical Information, Medical Science Liaisons and Others; By Industry: Medical Devices, Pharmaceutical, Biopharmaceutical) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027
The global medical affairs outsourcing market was valued at US$ 1.43 billion in 2019 and predicted to register a compound annual growth rate (CAGR) of around 10.75% during period 2020 to 2027.
The global medical affairs outsourcing market size is projected to reach over US$ 2.8 billion by 2027 according to a new report by Precedence Research.
- In 2019, medical writing & publishing appeared as most promising segment and garnered maximum revenue share of the total market
- Cumulative R&D activities and expansion of novel products to lift the growth of medical regulatory affairs outsourcing market across the world
- Pharmaceutical industry segment conquered the global market by accounting prominent share more than 50% of the total revenue generated by market in 2019.
- The Medical Science Liaisons (MSLs) services segment projected to record firmest CAGR during assessment period.
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The medical affairs outsourcing market report meticulously assesses this industry vertical to aid stakeholders take better decisions and subsequently expand their business portfolio in the approaching years. The document emphasizes on predominant trends and lucrative prospects that can help generate substantial returns. Besides, it recommends the best practices and solutions which can be adopted by industry partakers to face the existing and upcoming challenges.
The global medical affairs outsourcing market is fueled by various factors, according to a detailed assessment explained in the report. This study shows how important in-depth analysis should be, and how it greatly affects the quality of information provided to the readers. The market for medical affairs outsourcing extensively covers various highlights in the report that includes competitive vista, growth propelling factors, regional outreach, targeted consumers, major obstacles, and others.
The research report on medical affairs outsourcing market comprises of driving factors and trends that will impact the industry growth during the forecast period. Thorough examination of market remuneration with reference to regional terrain is entailed in the report. It also mentions the challenges this business sphere will face as well as provide information regarding potential growth prospects. Besides, the report also includes COVID-19 case studies to deliver a better picture of this business sphere to all industry partakers.
Pivotal pointers from COVID-19 effect assessment:
- Economic overview and status of COVID-19 globally.
- Variations in supply chain and demand share of the industry.
- Immediate and long-term impact of COVID-19 on the growth matrix.
Overview of regional terrain:
- The report segments the regional landscape of the medical affairs outsourcing market into North America, Europe, Asia-Pacific, Middle East and Africa, South America.
- Performance of each regional market with reference to their growth rate over the study period is enclosed in the report.
- Data regarding growth rate, sales generated, and revenue amassed by each geography is provided.
Other important highlights from the medical affairs outsourcing market report:
- Accurate market size and CAGR forecasts for the period 2020-2027
- Identification and in-depth assessment of growth opportunities in key segments and regions
- Comprehensive analysis of important growth drivers, restraints, challenges, and growth prospects
- Important information regarding company profile, products manufactured, production models, and market remuneration is given.
- Market share of each listed company in consort with their gross margins and price patterns are provided.
- The report also highlights the volume and revenue predictions of each product type and other segments.
- Other major aspects such as production graph, market share, and growth rate of each product segment over the study period are documented.
- The study enlists the market share for each application segment and forecasts the growth rate over the analysis period.
- The report provides a detailed analytical review of the industry supply chain along with the competition trends.
- It also acknowledges Porter’s five force analysis and SWOT assessment to infer the viability of a new project.
- Major countries in each region are mapped according to individual market revenue.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
- The report includes an in-depth analysis of current research and developments within the market.
- Key players and their key developments in the recent years are listed.
- This market research study provides a detailed qualitative and quantitative analysis of the global medical affairs outsourcing market 2020-2027. It provides a comprehensive review of major drivers and restraints of the market. The primary sources, experts from related industries and suppliers, have been interviewed to obtain and verify critical information as well as to assess the future prospects of global market 2020-2027.
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Wuxi Clinical Development, Inc
Pharmaceutical Product Development, LLC
Ashfield Healthcare Communications
IQVIA Holdings Inc
The Medical Affairs Company (TMAC)
Syneos Health Inc
- Medical Monitoring
- Medical Writing & Publishing
- Medical Information
- Medical Science Liaisons
By Regional Outlook
- Medical Devices
- North America
- Asia Pacific
- South Korea
- Middle East & Africa
- Latin America