North America Medical Writing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 13, 2021--
The “North America Medical Writing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type; Application; End User, and Others; and Country” report has been added to ResearchAndMarkets.com’s offering.
North America medical writing market is expected to reach US$ 1,266.23 million in 2027 from US$ 732.95 million in 2019. The market is estimated to grow with a CAGR of 7.1% from 2020-2027.
The report provides trends prevailing in the North America medical writing market and the factors driving market along with those that act as hindrances.
Based on the type, the North America the medical writing market, is segmented clinical writing, regulatory writing, scientific writing, and others. The clinical writing segment held the largest share of the market in 2019, where as the regulatory writing segment is anticipated to register the highest CAGR in the market during the forecast period.
The primary purpose of clinical writing is to form communication between members of the healthcare team including unit clerks, laboratory technicians, therapists, care aides, nurses, and doctors. However, in certain circumstances, the target audience of clinical writing may also include researchers, medico-legal professionals, and health administrators.
The growing importance of clinical writing in preclinical research, regulatory affairs, clinical laboratory, and data management has spurred the demand for medical writing services. However, the regulatory writing segment is estimated to have the highest CAGR during the forecast period.
Regulatory writing includes writing for investigator brochures (IBs), common technical document (CTD), chemistry, manufacturing and controls (CMC), investigational medicinal product dossiers (IMPD), clinical study reports (CSRs), and company core safety information/ company core data sheets (CCSI/CCDS). The development of the drug and device industries and the increase in product launches in the global markets has promoted an ever-increasing need for regulatory submissions and consequently spurred the growth of the regulatory writing services.
The growth of this market is estimated to grow owing to key driving factors such as increased requirement of medical writers due to stringent regulatory framework and robust growth in clinical trials. However, the market is expected experiencing slow growth during the forecast period owing to lack of skilled medical writers.
Certara, Covance, and Freyr Solutions are among the leading companies operating in the North America medical writing market.
Key Market Dynamics
- Increased Requirement of Medical Writers Due to Stringent Regulatory Framework
- Robust Growth in Clinical Trials
- Lack of Skilled Medical Writers
- Need for Medical Writers in the Medical Device Industry
- Multiple New Tools and Technologies in Medical Writing
- Cactus Communications
- Freyr Solutions
- Parexel International Corporation
- SIRO Clinpharm Private Limited
- Trilogy Writing & Consulting GmbH
For more information about this report visit https://www.researchandmarkets.com/r/ujpxp2
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SOURCE: Research and Markets
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PUB: 01/13/2021 12:33 PM/DISC: 01/13/2021 12:34 PM