Asia-Pacific Medical Affairs Outsourcing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Services (Medical Writing and Publishing, Medical Monitoring, Medical Science Liaisons (MSLs), Medical Information, and Others) and Application (Pharmaceutical, Biopharmaceutical, and Medical Devices)

Market Introduction

APAC includes countries such as China, Japan, India, Australia, South Korea, and the Rest of APAC. This region accounted for being fastest-growing region of the global Medical Affairs Outsourcing Market in 2019 owing to increasing Cost efficiency and high level of quality offered by the CROs; rise in the government funding for the introduction of new medical affairs outsourcing; growing healthcare expenditure; rising number of hospitals in India and China; expanding research base across India, China, and Japan; and increasing incidences of chronic and acute and infectious diseases.

Countries in APAC are facing an increasing incidence of COVID-19. Currently, India is the second worst-hit country worldwide. The COVID-19 pandemic has severely impacted the region; however, it has also allowed stakeholders to realign their future path based on strategic intent and focus. India and China are the most preferred destinations for outsourcing, where a large pool of skilled labor is available at a lower cost. With the increasing pressure to reduce manufacturing costs and accelerate time-to-market, many devices and diagnostics companies are looking to conduct clinical trial operations in APAC. Countries such as China, Japan, Singapore, and South Korea are seeing an increased interest in clinical trials. High costs in western countries are also contributing to the flow of medical affairs outsourcing to APAC. To expand sales to the Asian market, pharmaceutical companies are becoming aware of new and changing regulatory environments for drugs, devices, and in-vitro diagnostics. New or improved regulations are implemented frequently in Asia, including changes in GMP standards, drug price controls, and medical device regulatory systems. Third-party guidance and advice are required as part of any acquisition or any improvement of current standards. Increasingly, third-party outsourcing service providers are playing a greater role in supporting and managing the delivery of the key business functions like drug development, sales and marketing, and regulatory compliance services in APAC.

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Market Overview and Dynamics

The medical affairs outsourcing market in APAC is expected to grow from US$ 356.69 million in 2020 to US$ 776.42 million by 2027; it is estimated to grow at a CAGR of 11.8% from 2020 to 2027. The drug development and discovery is time-consuming and expensive process. The process from early discovery or design to development to regulatory approval can take more than 10 to 15 years. Throughout the development phase of a drug substance, various testing services are required to check the quality and efficacy of the product. Therefore, the pharmaceutical and biotechnology companies prefer to outsource the services to the contract research organizations (CROs) in order to save the cost and time, which is expected to drive the growth of the market.

Key Market Segments

APAC medical affairs outsourcing market is segmented into services, application, and country. The APAC medical affairs outsourcing market, by services, is segmented into medical writing and publishing, medical monitoring, medical science liaisons (MSLs), medical information, and others. The medical writing and publishing segment held the largest share of the market in 2019. Based on application, the APAC medical affairs outsourcing market is segmented into pharmaceutical, biopharmaceutical, and medical devices. The medical devices market is further segmented into therapeutic medical devices, and diagnostic medical devices. The pharmaceutical segment held the largest share of the market in 2019. Based on country, the APAC medical affairs outsourcing market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the medical affairs outsourcing market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ICON PLC, Indegene, IQVIA Inc, PAREXEL INTERNATIONAL CORPORATION, PPD Inc, Syneos Health, UDG Healthcare plc., and WuXi AppTec.

Reasons to buy report

To understand the APAC medical affairs outsourcing market landscape and identify market segments that are most likely to guarantee a strong return.
Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC medical affairs outsourcing market.
Efficiently plan M&A and partnership deals in APAC medical affairs outsourcing market by identifying market segments with the most promising probable sales.
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC medical affairs outsourcing market.
Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Medical Affairs Outsourcing Market Segmentation

APAC Medical Affairs Outsourcing Market - By Services

Medical Writing and Publishing
Medical Science Liaisons (MSLs)
Medical Information
Medical Monitoring
Others

APAC Medical Affairs Outsourcing Market - By Application

Pharmaceuticals
Medical Devices
Biopharmaceutical

APAC Medical Affairs Outsourcing Market - By Country

APAC Medical Affairs Outsourcing Market - Company Profiles

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 APAC Medical Affairs Outsourcing Market – By Services

1.3.2 APAC Medical Affairs Outsourcing Market – By Application

1.3.3 APAC Medical Affairs Outsourcing Market – By Country

2. APAC Medical Affairs Outsourcing Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Medical Affairs Outsourcing– Market Landscape

4.1 Overview

4.2 APAC PEST Analysis

4.3 Expert Opinions

5. APAC Medical Affairs Outsourcing Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 APAC Witnessing High Clinical Trials

5.1.2 Outsourcing Activities Getting Recognition Coupled with Increasing R&D Expenditures

5.2 Market Restraints

5.2.1 Significant Expense in Drug Development and Clinical Trials

5.3 Market Opportunities

5.3.1 Increasing Opportunities in Emerging Economies

5.4 Future Trends

5.4.1 Rising Market Collaboration

5.5 Impact Analysis of Drivers and Restraints

6. Medical Affairs Outsourcing Market – APAC Analysis

6.1 APAC Medical Affairs Outsourcing Market Revenue Forecast and Analysis

7. APAC Medical Affairs Outsourcing Market Analysis – By Services

7.1 Overview

7.2 APAC Medical Affairs Outsourcing Market Revenue Share, by Services (2019 and 2027)

7.3 Medical Writing and Publishing

7.3.1 Overview

7.3.2 Medical Writing and Publishing: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

7.4 Medical Monitoring

7.4.1 Overview

7.4.2 Medical Monitoring: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

7.5 Medical Science Liaisons (MSLs)

7.5.1 Overview

7.5.2 Medical Science Liaisons: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

7.6 Medical Information

7.6.1 Overview

7.6.2 Medical Information: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

7.7 Others

7.7.1 Overview

7.7.2 Others: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

8. APAC Medical Affairs Outsourcing Market Analysis – By Application

8.1 Overview

8.2 APAC Medical Affairs Outsourcing Market Share, by Application, 2019 and 2027, (%)

8.3 Pharmaceutical

8.3.1 Overview

8.3.2 Pharmaceutical: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

8.4 Biopharmaceutical

8.4.1 Overview

8.4.2 Biopharmaceutical: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

8.5 Medical Devices

8.5.1 Overview

8.5.2 Medical Devices: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

8.5.3 Therapeutic Medical Devices

8.5.3.1 Overview

8.5.3.2 Therapeutic Medical Devices: Medical Affairs Outsourcing Market– Revenue and Forecast to 2027 (USD Million)

8.5.4 Diagnostic Medical Devices

8.5.4.1 Overview

8.5.4.2 Diagnostic Medical Devices: Medical Affairs Outsourcing Market– Revenue and Forecast to 2027 (USD Million)

9. APAC Medical Affairs Outsourcing Market – Country Analysis

9.1 Overview

9.1.1 APAC: Medical Affairs Outsourcing Market, by Country, 2019 & 2027 (%)

9.1.2 China: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.2.1 China: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.2.2 China: Medical Affairs Outsourcing Market, by Services, 2018–2027 (USD Million)

9.1.2.3 China: Medical Affairs Outsourcing Market, by Application, 2018–2027 (USD Million)

9.1.2.3.1 China: Medical Device Market, by Type, 2018–2027 (USD Million)

9.1.3 Japan: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.3.1 Japan: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.3.2 Japan: Medical Affairs Outsourcing Market, by Services, 2018–2027 (USD Million)

9.1.3.3 Japan: Medical Affairs Outsourcing Market, by Application, 2018–2027 (USD Million)

9.1.3.3.1 Japan: Medical Device Market, by Type, 2018–2027 (USD Million)

9.1.4 India: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.4.1 India: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.4.2 India: Medical Affairs Outsourcing Market, by Services, 2018–2027 (USD Million)

9.1.4.3 India: Medical Affairs Outsourcing Market, by Application, 2018–2027 (USD Million)

9.1.4.3.1 India: Medical Device Market, by Type, 2018–2027 (USD Million)

9.1.5 South Korea: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.5.1 South Korea: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.5.2 South Korea: Medical Affairs Outsourcing Market, by Services, 2018–2027 (USD Million)

9.1.5.3 South Korea: Medical Affairs Outsourcing Market, by Application, 2018–2027 (USD Million)

9.1.5.3.1 South Korea: Medical Device Market, by Type, 2018–2027 (USD Million)

9.1.5.4 Australia: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.5.5 Australia: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.5.6 Australia: Medical Affairs Outsourcing Market, by Services, 2018–2027 (USD Million)

9.1.5.7 Australia: Medical Affairs Outsourcing Market, by Application, 2018–2027 (USD Million)

9.1.5.7.1 Australia: Medical Device Market, by Type, 2018–2027 (USD Million)

9.1.6 Rest of APAC: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.6.1 Rest of APAC: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

9.1.6.2 Rest of APAC: Medical Affairs Outsourcing Market, by Services, 2018–2027 (USD Million)

9.1.6.3 Rest of APAC: Medical Affairs Outsourcing Market, by Application, 2018–2027 (USD Million)

9.1.6.3.1 Rest of APAC: Medical Device Market, by Type, 2018–2027 (USD Million)

10. Impact of COVID-19 Pandemic on APAC Medical Affairs Outsourcing Market

10.1 APAC: Impact Assessment of COVID-19 Pandemic

11. Medical Affairs Outsourcing Market– Industry Landscape

11.1 Overview

11.2 Growth Strategies Done by the Companies in the Market, (%)

11.3 Organic Developments

11.3.1 Overview

11.4 Inorganic Developments

11.4.1 Overview

12. Company Profiles

12.1 ICON PLC

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 IQVIA Inc.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Syneos Health

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 WuXi AppTec

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 PPD Inc.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 PAREXEL INTERNATIONAL CORPORATION

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Indegene

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 UDG Healthcare plc

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. China Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

Table 2. China Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 3. China Medical Device Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 4. Japan Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

Table 5. Japan Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 6. Japan Medical Device Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 7. India Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

Table 8. India Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 9. India Medical Device Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 10. South Korea Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

Table 11. South Korea Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 12. South Korea Medical Device Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 13. Australia Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

Table 14. Australia Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 15. Australia Medical Device Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 16. Rest of APAC Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

Table 17. Rest of APAC Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 18. Rest of APAC Medical Device Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 19. Organic Developments Done By Companies

Table 20. Inorganic Developments Done By Companies

Table 21. Glossary of Terms, Medical Affairs Outsourcing Market

LIST OF FIGURES

Figure 1. APAC Medical Affairs Outsourcing Market Segmentation

Figure 2. APAC Medical Affairs Outsourcing Market, By Country

Figure 3. APAC Medical Affairs Outsourcing Market Overview

Figure 4. Medical Writing and Publishing Segment Held Largest Share of Services Segment In APAC Medical Affairs Outsourcing Market

Figure 5. India Is Expected to Show Remarkable Growth During the Forecast Period

Figure 6. APAC PEST Analysis

Figure 7. APAC Medical Affairs Outsourcing Market Impact Analysis of Driver and Restraint

Figure 8. APAC Medical Affairs Outsourcing Market – Revenue Forecast And Analysis – 2019- 2027

Figure 9. APAC Medical Affairs Outsourcing Market Revenue Share, by Services (2019 and 2027)

Figure 10. APAC Medical Writing and Publishing: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11. APAC Medical Monitoring: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 12. APAC Medical Science Liaisons: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13. APAC Medical Information: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14. APAC Others: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15. APAC Medical Affairs Outsourcing Market Share, by Application, 2019 and 2027 (%)

Figure 16. APAC Pharmaceutical: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17. APAC Biopharmaceutical: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18. APAC Medical Devices: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19. APAC Therapeutic Medical Devices: Medical Affairs Outsourcing Market– Revenue and Forecast to 2027 (USD Million)

Figure 20. APAC Diagnostic Medical Devices: Medical Affairs Outsourcing Market– Revenue and Forecast to 2027 (USD Million)

Figure 21. APAC: Medical Affairs Outsourcing Market, by Key Country – Revenue (2019) (USD Million)

Figure 22. China: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

Figure 23. Japan: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

Figure 24. India: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

Figure 25. South Korea: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

Figure 26. Australia: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

Figure 27. Rest of APAC: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

Figure 28. Impact of COVID-19 Pandemic in APAC Country Markets

Figure 29. Growth Strategies Done by the Companies in the Market, (%)

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