
Published On: Nov 2020
Published On: Nov 2020
According to a new market research study of ‘Asia Pacific Medical Writing Market Forecast to 2027 - COVID-19 Impact and Analysis by type, application, and end-user’ the Asia Pacific medical writing market is expected to reach US$ 983.51million in 2027 from US$ 560.59million in 2019. The market is estimated to grow with a CAGR of 7.3% from 2020-2027. The report provides trends prevailing in the Asia Pacific medical writing market and the factors driving market along with those that act as hindrances.
Based on the end user, the Asia Pacific the medical writing market, is segmented into pharmaceutical and biotechnological companies, contract research organizations (CROs), others. The pharmaceutical and biotechnological companies segment held the largest share of the market in 2019, also the same segment is anticipated to register the highest CAGR in the market during the forecast period. Medical writing in pharmaceutical and biotechnology companies involves the development of research papers, conference writings, and review papers. Medical writing is usually done by skilled writers. Medical writing plays an important role in pharmaceutical companies as the companies are efficiently trying to bring new medicine into the market. Good medical writing helps in quality clinical trial conduct, cleat trial objectives, and optimal product labeling. However, the increase in the pace of customers’ drug development programs and the merger and reorganizations of companies leading to the outsourcing of medical writing is why Contract Research Organizations (CROs) are estimated to register the highest CAGR during the forecast period.
The growth of this market is estimated to grow owing to key driving factors such as an increased number of market players and an immense government support in the healthcare sector. However, the market is expected experiencing slow growth during the forecast period owing to challenges encountered with medical writers.
Cactus Communications, Certara, and Covance are among the leading companies operating in the Asia Pacific medical writing market.
The report segments Asia Pacific Medical Writing Market as Follows:
By Country
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