Europe 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)

TIPRE00025180 | Pages: 141 | Healthcare IT | Oct 2021 | Type: Regional | Status: Published

Market Introduction

Europe holds the second-largest share in the global medical affairs outsourcing market. The European market includes the consolidated markets for France, Germany, United Kingdom, Italy, Spain, and Rest of Europe. Increasing number of clinical trials, presence of prominent players in the CROs market, and rapid growth in the pharmaceutical and medical device original equipment manufacturers (OEMs) are likely to be the major factors driving the growth of this market in the European region.

In Europe, there is an exponential growth of COVID-19 cases. Spain, Germany, France, Italy, and the UK are the most affected countries in Europe. The growing research activities to develop a treatment against COVID-19 are likely to favor the market's growth. As the COVID-19 pandemic has heavily impacted Europe, extensive clinical research is currently being conducted to identify effective therapies. The UK dominates the COVID-19 research space and accounts for the largest number of clinical trials (24.5%), which is then followed by Spain (13.2%), France (9.5%), Italy (5.3%), Russia (4.8%), and Germany (3.8%). Reliable and timely COVID-19 testing is an integral part of the monitoring, prevention, touch recording, control of infections, and clinical management of COVID-19. The European center for disease prevention and control (ECDC) has proposed an analytical testing strategy for the EU with concrete guidelines on the level of dissemination of viruses in the population, considering the available public health tools and testing ability. Companies in Europe are adopting various strategies to overcome this situation.                          

Market Overview and Dynamics

The medical affairs outsourcing market in Europe is expected to grow from US$ 436.93 million in 2020 to US$ 891.80 million by 2027; it is estimated to grow at a CAGR of 10.7% from 2020 to 2027. Pharmaceutical companies as well as medical device companies are increasing adopting the outsourcing trend in order to reduce expenses. Outsourcing clinical trial services make the tedious process easier, faster, and cheaper thereby increasing the manufacturing processes as well as allowing medical device and pharmaceutical companies to divert their focus on revenue generating areas such as distribution, sales and marketing. Additionally, increasing pressure on the pharmaceutical and medical device giants to improve the return of their investments is further encouraging the outsourcing activities is likely to propel the growth of medical affairs outsourcing market during the forecast years.   

Key Market Segments

Europe medical affairs outsourcing market is segmented into services, application, and country. The Europe 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 Europe 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 Europe medical affairs outsourcing market is segmented into France, Germany, Italy, Spain, UK, and rest of Europe. Germany 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 Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Excelya, ICON PLC, Indegene, IQVIA Inc, PAREXEL INTERNATIONAL CORPORATION, PPD Inc, SGS SA, Syneos Health, UDG Healthcare plc., and WuXi AppTec.          

Reasons to buy report

  • To understand the Europe 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 Europe medical affairs outsourcing market.
  • Efficiently plan M&A and partnership deals in Europe 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 Europe medical affairs outsourcing market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Medical Affairs Outsourcing Market Segmentation

Europe Medical Affairs Outsourcing Market - By Services

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

Europe Medical Affairs Outsourcing Market - By Application

  • Pharmaceuticals
  • Medical Devices
  • Biopharmaceutical

Europe Medical Affairs Outsourcing Market - By Country

  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Rest of Europe

Europe Medical Affairs Outsourcing Market - Company Profiles

  • Excelya
  • ICON PLC
  • Indegene
  • IQVIA Inc
  • PAREXEL INTERNATIONAL CORPORATION
  • PPD Inc
  • SGS SA
  • Syneos Health
  • UDG Healthcare plc.
  • WuXi AppTec
 

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Europe Medical Affairs Outsourcing Market – By Services

1.3.2        Europe Medical Affairs Outsourcing Market – By Application

1.3.3        Europe Medical Affairs Outsourcing Market – By Country

2.           Europe Medical Affairs Outsourcing Market – Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Europe Medical Affairs Outsourcing– Market Landscape

4.1         Overview

4.2         Europe PEST Analysis

4.3         Expert Opinions

5.           Europe Medical Affairs Outsourcing Market – Key Industry Dynamics

5.1         Market Drivers

5.1.1        Significant Rise in Number of Clinical Trials

5.1.2        Rising R&D Expenditures Along with Adoption of Outsourcing Activities

5.2         Market Restraints

5.2.1        Drug Development and Clinical Trials Requiring Huge Expenditure

5.3         Future Trends

5.3.1        Swift Market Consolidation

5.4         Impact Analysis of Drivers and Restraints

6.           Medical Affairs Outsourcing Market – Europe Analysis

6.1         Europe Medical Affairs Outsourcing Market Revenue Forecast and Analysis

7.           Europe Medical Affairs Outsourcing Market Analysis – By Services

7.1         Overview

7.2         Europe 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.           Europe Medical Affairs Outsourcing Market Analysis – By Application

8.1         Overview

8.2         Europe 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.           Europe Medical Affairs Outsourcing Market – Country Analysis

9.1         Overview

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

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

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

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

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

9.1.2.4          Germany: Medical Devices Market, by Type, 2018–2027 (USD Million)

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

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

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

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

9.1.3.4          UK: Medical Devices Market, by Type, 2018–2027 (USD Million)

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

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

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

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

9.1.4.4          France: Medical Devices Market, by Type, 2018–2027 (USD Million)

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

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

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

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

9.1.5.4          Spain: Medical Devices Market, by Type, 2018–2027 (USD Million)

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

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

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

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

9.1.6.4          Spain: Medical Devices Market, by Type, 2018–2027 (USD Million)

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

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

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

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

9.1.7.4          Spain: Medical Devices Market, by Type, 2018–2027 (USD Million)

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

10.1      Europe (EU): 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      SGS SA

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      PPD Inc.

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      PAREXEL INTERNATIONAL CORPORATION

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      Indegene

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

12.9      UDG Healthcare plc

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   Excelya

12.10.1  Business Description

12.10.2  Products and Services

12.10.3  Financial Overview

12.10.4  SWOT Analysis

12.10.5  Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary of Terms

LIST OF TABLES

Table 1.             R&D Investments by major pharmaceutical companies

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

Table 3.             Germany Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 4.             Germany Medical Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)

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

Table 6.             UK Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 7.             UK Medical Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)

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

Table 9.             France Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 10.          France Medical Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 11.          Spain Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

Table 12.          Spain Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 13.          Spain Medical Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)

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

Table 15.          Italy Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 16.          Spain Medical Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)

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

Table 18.          Rest of Europe Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 19.          Spain Medical Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 20.          Organic Developments Done By Companies

Table 21.          Inorganic Developments Done By Companies

Table 22.          Glossary of Terms, Medical Affairs Outsourcing Market

LIST OF FIGURES

Figure 1.           Europe Medical Affairs Outsourcing Market Segmentation

Figure 2.           Europe Medical Affairs Outsourcing Market, By Country

Figure 3.           Europe Medical Affairs Outsourcing Market Overview

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

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

Figure 6.           Europe PEST Analysis

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 22.        Europe: Medical Affairs Outsourcing Market, by Country, 2019 & 2027 (%)

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

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

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

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

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

Figure 28.        Rest of Europe: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (USD Million)

Figure 29.        Impact of COVID-19 Pandemic in Europe Country Markets

Figure 30.        Growth Strategies Done by the Companies in the Market, (%)

  1. Excelya
  2. ICON PLC
  3. Indegene
  4. IQVIA Inc
  5. PAREXEL INTERNATIONAL CORPORATION
  6. PPD Inc
  7. SGS SA
  8. Syneos Health
  9. UDG Healthcare plc.
  10. WuXi AppTec
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe medical affairs outsourcing market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe medical affairs outsourcing market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the medical affairs outsourcing market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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