Pharmaceutical and Biotechnology Segment Held Largest Share ofEnd User inSouth & Central AmericaMedical Writing Market in 2019

According to a new market research study of ‘South & Central AmericaMedical Writing Market Forecast to 2027 - COVID-19 Impact and Analysis by type, application, and end-user’ the South & Central Americamedical writing market is expected to reach US$ 362.35million in 2027 from US$217.01million in 2019. The market is estimated to grow with a CAGR of 6.6% from 2020-2027. The report provides trends prevailing in the South & Central Americamedical writing market and the factors driving market along with those that act as hindrances.

Based on the end user, the South & Central Americathemedical writing market, is segmentedinto pharmaceutical and biotechnological companies, contract research organizations (CROs), others. The pharmaceutical and biotechnological companiessegment held the largest share of the market in 2019, also the same segment is anticipated to register the fastest 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 fastest CAGR during the forecast period.

The growth of this market is estimated to grow owing to key driving factors such as a high support from government in healthcare and an increased development in the medical devices sector. However, the market is expected experiencing slow growth during the forecast period owing to issues encountered regarding medical writers.

Freyr Solutions, and Covance are among the leading companies operating in the South & Central Americamedical writing market. 

The report segments South & Central AmericaMedical Writing Market as Follows:

By Type

• Clinical Writing
• Regulatory Writing
• Scientific Writing
• Others

By Application

• Medical Journalism
• Medical Education
• Medico Marketing
• Others

By End User

• Pharmaceutical and Biotechnology Companies
• Contract Research Organizations (CROs)
• Others

By Country

• South & Central America

• Brazil
• Argentina