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Oct 6, 2020 2:50 PM ET

Global Medical Writing Market Set for Rapid Growth, to reach Value USD 2.95 Billion by 2025

iCrowd Newswire - Oct 6, 2020

Zion Market Research has published a new report titled “Medical Writing Market by Application (Medical Journalism, Medical Education, Medico Marketing, and Others), Type (Clinical, Regulatory, Scientific, and Others), and End User (Biotechnology & Pharmaceutical Companies and Contract Research Organizations (CROs)): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025” According to the report, global demand for medical writing market was valued at approximately USD 2.03 Billion in 2018, and is expected to generate revenue of around USD 2.95 Billion by end of 2025, growing at a CAGR of around 5.6% between 2019 and 2025.

Global Medical Writing Market

Medical writing consists of the conception of official papers for technical purposes. Medical writing is essential for governing documentation in biotechnology and pharmaceutical sectors.

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Factors such as increasing requirement from healthcare and pharma communication companies, growing expiration of patents, and growing investigation and regulatory services will act as major driving factors in the growth of global medical writing market. Growing research & development expenditures will present an opportunity for the market players in the medical writing market. Nonetheless, inadequate technical writing skills will restrict the growth of global medical writing market.

The market has been segmented into application, type, and end user. The application segment has been divided into medical journalism, medical education, medico marketing, and others. The medical journalism segment accounted for the maximum market share in 2018.

Based on type, the market has been divided into clinical, regulatory, scientific, and others. The clinical division accounted for the maximum market share in 2018 owing to extraordinary demand from Clinical Research Organizations (CROs). Based on end user, the market has been divided into biotechnology & pharmaceutical companies and contract research organizations (CROs).

Regionally, the medical writing market is segmented into North America, Asia Pacific, Middle East & Africa, Latin America, and Europe. North America will be foremost region through the forecast time. U.S. will be the leading country in the North America region owing to high requirement for medical writing in U.S. Europe is expected to be the next key market. Asia Pacific will develop at the highest growth rate. Latin American countries will grow at a noteworthy speed through the assessment period. Middle East & Africa will demonstrate positive progression in the projected years.

The report also includes detailed profiles of key players such as Parexel International Corp., Trilogy Writing & Consulting GmBH, IQVIA, OMICS International, Covance, Inc., and Freyr Solutions among others.

This report segments the Global Medical Writing Market as follows:

Global Medical Writing Market: By Type

Global Medical Writing Market: By Application

Global Medical Writing Market: By End User

Global Medical Writing Market: By Region

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Keywords:    Medical Writing Market

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