Middle East & Africa 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)

Code: TIPRE00025182 | Pages: 113 | Industry: Healthcare IT | Date: Oct 2021
Covid

Market Introduction  

The medical affairs outsourcing market in the MEA is further segmented into the UAE, Saudi Arabia, South Africa, and the Rest of MEA. The market growth is expected due to rising R&D expenses. Thus, the pressure to curtail value is encouraging the regulative affairs outsourcing trend. Also, contract analysis organizations offer price-efficient solutions and compliance with the health authority necessities, changes in reimbursement scenario and pricing pressure and developments by the market players in medical affairs outsourcing technology in countries such as South Africa, Saudi Arabia and the UAE. The countries are developing their healthcare facilities, undertaking heavy investments in the research of novel drug therapies, and increasing partnerships with foreign entities are likely to propel market growth during the forecast period.   

The countries in the MEA region have taken precautionary measures and imposed stringent regulations to control the spread of COVID-19. Countries such as the UAE, Saudi Arabia, Jordan, Iraq, and Iran have strictly imposed lockdowns. The majority of the countries in the region are dependent on other regions for medical devices and other products. As a result of the COVID-19 crisis, the World Bank forecasts that remittances to the MENA region are projected to fall sharply by 19.6%, after a total of US$ 42 billion in 2020 after a 2.6% increase in 2019. MENA countries and the global community also have a role to play in tackling COVID-19. For the first time in decades, MENA countries are facing a common issue with no political or religious agenda. The advent of high-throughput screens of approved compounds and small molecules has allowed researchers to effectively evaluate large drug libraries for their in vitro antiviral activity against novel targets. Russia has developed a new treatment for the COVID-19 patients and will soon conduct a trial in partnership with Saudi Arabian health. The current pharmaceutical markets in the MENA region vary significantly between different nations. For example, high spending power and a cultural preference for expensive foreign brands in Saudi Arabia have resulted in 85% of pharmaceuticals being imported. In contrast, 90% of the consumption in Egypt is domestically produced, with a much greater market share for generics. In recent years, South Africa has turned increasingly to generic drugs, providing an excellent opportunity for domestic and foreign manufacturers. Medical affairs play a pivotal role in overcoming barriers to accessing healthcare professionals (HCPs). Moreover, compliance requirements mean medical affairs is responsible for providing HCPs with real-time, unbiased, and transparent medical information in the MEA.                         


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Market Overview and Dynamics

The medical affairs outsourcing market in MEA is expected to grow from US$ 46.99 million in 2020 to US$ 92.37 million by 2027; it is estimated to grow at a CAGR of 10.1% from 2020 to 2027. The contract research organization (CRO) services’ industry is highly fragmented, with several hundred small and medium-sized limited-service providers, and a small number of large, full-service, MEA CROs. There are few barriers to entry for smaller CROs into the MEA market, whereas a full-service CRO with MEA capabilities requires building the necessary infrastructure with the ability to simultaneously manage multiple complex testing services across numerous geographies, establishing the requisite relationships with strategic partners, developing relevant therapeutic and development of expertise to serve the needs of the end users. Over the past few years, the consolidation across the industry is an emerging trend followed by the majority of the prime players to strengthen their service offerings and garner the major market share in the MEA CRO market. For instance, For instance, Parexel International Corp. acquired The Medical Affairs Company in 2017.     

Key Market Segments

MEA medical affairs outsourcing market is segmented into services, application, and country. The MEA 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 MEA 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 MEA medical affairs outsourcing market is segmented into Saudi Arabia, South Africa, UAE, and rest of MEA. South Africa 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 MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ICON PLC, IQVIA Inc, PAREXEL INTERNATIONAL CORPORATION, PPD Inc, Syneos Health, UDG and Healthcare plc.

Reasons to buy report

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

MEA Medical Affairs Outsourcing Market Segmentation

MEA Medical Affairs Outsourcing Market - By Services

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

MEA Medical Affairs Outsourcing Market - By Application

  • Pharmaceuticals
  • Medical Devices
  • Biopharmaceutical

MEA Medical Affairs Outsourcing Market - By Country

  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of MEA

MEA Medical Affairs Outsourcing Market - Company Profiles

  • ICON PLC
  • IQVIA Inc
  • PAREXEL INTERNATIONAL CORPORATION
  • PPD Inc
  • Syneos Health
  • UDG Healthcare plc.
 

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        MEA Medical Affairs Outsourcing Market – By Services

1.3.2        MEA Medical Affairs Outsourcing Market – By Application

1.3.3        MEA Medical Affairs Outsourcing Market – By Country

2.           MEA Medical Affairs Outsourcing Market – Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           MEA Medical Affairs Outsourcing– Market Landscape

4.1         Overview

4.2         MEA PEST Analysis

4.3         Expert Opinions

5.           MEA Medical Affairs Outsourcing Market – Key Industry Dynamics

5.1         Market Drivers

5.1.1        Clinical Trials Tally on Rise

5.1.2        R&D Expenditures Increasing Along with Surge in Adoption of Outsourcing Activities

5.2         Market Restraints

5.2.1        Escalating Costs of Drug Manufacturing and Clinical Trials

5.3         Future Trends

5.3.1        Market Consolidation at High Pace

5.4         Impact Analysis of Drivers and Restraints

6.           Medical Affairs Outsourcing Market – MEA Analysis

6.1         MEA Medical Affairs Outsourcing Market Revenue Forecast and Analysis

7.           MEA Medical Affairs Outsourcing Market Analysis – By Services

7.1         Overview

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

8.1         Overview

8.2         MEA 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.           MEA Medical Affairs Outsourcing Market – Country Analysis

9.1         Overview

9.1.1        MEA: Medical Affairs Outsourcing Market Share by Country – 2019 & 2027, (%)

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

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

9.1.2.2          Saudi Arabia Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

9.1.2.3          Saudi Arabia Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

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

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

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

9.1.3.2          UAE Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

9.1.3.3          UAE Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

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

9.1.4        South Africa: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

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

9.1.4.2          South Africa Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

9.1.4.3          South Africa Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

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

9.1.5        Rest of MEA: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

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

9.1.5.2          Rest of MEA Medical Affairs Outsourcing Market, by Services – Revenue and Forecast to 2027 (USD Million)

9.1.5.3          Rest of MEA Medical Affairs Outsourcing Market, by Application – Revenue and Forecast to 2027 (USD Million)

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

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

10.1      MEA: 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      PPD Inc.

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      PAREXEL INTERNATIONAL CORPORATION

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      UDG Healthcare plc

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

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary of Terms

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

Table 12.          Rest of MEA Medical Device Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 13.          Organic Developments Done By Companies

Table 14.          Inorganic Developments Done By Companies

Table 15.          Glossary of Terms, Medical Affairs Outsourcing Market

LIST OF FIGURES

Figure 1.           MEA Medical Affairs Outsourcing Market Segmentation

Figure 2.           MEA Medical Affairs Outsourcing Market, By Country

Figure 3.           MEA Medical Affairs Outsourcing Market Overview

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

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

Figure 6.           MEA PEST Analysis

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 24.        UAE: Medical Affairs Outsourcing Market – Revenue and Forecast to 2027 (US$ Million)

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

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

Figure 27.        Impact of COVID-19 Pandemic in MEA Market

Figure 28.        Growth Strategies Done by the Companies in the Market, (%)

  1. ICON PLC
  2. IQVIA Inc
  3. PAREXEL INTERNATIONAL CORPORATION
  4. PPD Inc
  5. Syneos Health
  6. UDG Healthcare plc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA 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 MEA 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 MEA 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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