The global medical affairs outsourcing market size - USD 2.7 billion by 2026, CAGR of 10.4% from 2020 to 2027.
Transformation in medical education and the rising number of orphan therapies and rare-disease are some of the key factors propelling the medical affairs outsourcing market growth. The pharmaceutical companies are looking for assistance to systematically position the therapeutic outcomes of these therapies in the market. According to the report published by IQVIA in 2018, the U.S. FDA approved 80 orphan indications, in 2017 and approved 57 in early 2018.
Changes in reimbursement scenario and pricing pressure are expected to increase the adoption of cost-saving measures by the pharmaceutical and medical device companies. This is anticipated to drive medical affairs outsourcing in countries like India and China. Pharmaceutical companies are outsourcing the medical affairs services to get high-quality documents, control the R&D cost, and reduce investment costs to train the medical affairs team.
The pharmaceutical and medical device companies are outsourcing their medical affairs services in order to diverge their business activities and manage product life cycles. In addition, contract research organizations offer cost efficient solutions and compliance with the health authority requirements, thereby propelling market growth.
The Medical Affairs Outsourcing market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Medical Affairs Outsourcing market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Medical Affairs Outsourcing market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Medical Affairs Outsourcing market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Medical Affairs Outsourcing market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Medical Affairs Outsourcing market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Medical Affairs Outsourcing market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Medical Affairs Outsourcing industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Medical Affairs Outsourcing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Medical Affairs Outsourcing market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Medical Affairs Outsourcing market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Medical Affairs Outsourcing market. These factors have benefited the growth of the global market for Medical Affairs Outsourcing. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Medical Affairs Outsourcing. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
Competitive Insights
Some of the players operating in the medical affairs outsourcing market include ICON plc, IQVIA Holdings Inc., The Medical Affairs Company (TMAC), Syneos Health Inc., Pharmaceutical Product Development, LLC., Ashfield Healthcare Communications, ZEINCRO Group, Wuxi Clinical Development, Inc., SGS SA, and Indegene Inc.
Segmentation
Medical Affairs Outsourcing Services Outlook
Medical Writing & Publishing
Medical Monitoring
Medical Science Liaisons (MSLs)
Medical Information
Others
Medical Affairs Outsourcing Industry Outlook
Pharmaceutical
Biopharmaceutical
Medical Devices
Therapeutic Medical Devices
Diagnostic Medical Devices
Regional Outlook
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Asia Pacific
Japan
China
India
Korea
Australia
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
South Africa
Saudi Arabia
UAE
In this study, the years considered to estimate the market size of Medical Affairs Outsourcing are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Medical Affairs Outsourcing Market, By Services
7.1. Medical Affairs Outsourcing Market, By Services Type, 2020-2030
7.1.1. Medical Writing & Publishing
7.1.1.1. Market Revenue and Forecast (2016-2030)
7.1.2. Medical Monitoring
7.1.2.1. Market Revenue and Forecast (2016-2030)
7.1.3. Medical Science Liaisons (MSLs)
7.1.3.1. Market Revenue and Forecast (2016-2030)
7.1.4. Medical Information
7.1.4.1. Market Revenue and Forecast (2016-2030)
7.1.5. Others
7.1.5.1. Market Revenue and Forecast (2016-2030)
Chapter 8. Global Medical Affairs Outsourcing Market, By Industry
8.1. Medical Affairs Outsourcing Market, By Industry, 2020-2030
8.1.1. Pharmaceutical
8.1.1.1. Market Revenue and Forecast (2016-2030)
8.1.2. Biopharmaceutical
8.1.2.1. Market Revenue and Forecast (2016-2030)
8.1.3. Medical Devices
8.1.3.1. Market Revenue and Forecast (2016-2030)
Chapter 9. Global Medical Affairs Outsourcing Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, By Services (2016-2030)
9.1.2. Market Revenue and Forecast, By Industry (2016-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, By Services (2016-2030)
9.1.3.2. Market Revenue and Forecast, By Industry (2016-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, By Services (2016-2030)
9.1.4.2. Market Revenue and Forecast, By Industry (2016-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, By Services (2016-2030)
9.2.2. Market Revenue and Forecast, By Industry (2016-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, By Services (2016-2030)
9.2.3.2. Market Revenue and Forecast, By Industry (2016-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, By Services (2016-2030)
9.2.4.2. Market Revenue and Forecast, By Industry (2016-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, By Services (2016-2030)
9.2.5.2. Market Revenue and Forecast, By Industry (2016-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, By Services (2016-2030)
9.2.6.2. Market Revenue and Forecast, By Industry (2016-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, By Services (2016-2030)
9.3.2. Market Revenue and Forecast, By Industry (2016-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, By Services (2016-2030)
9.3.3.2. Market Revenue and Forecast, By Industry (2016-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, By Services (2016-2030)
9.3.4.2. Market Revenue and Forecast, By Industry (2016-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, By Services (2016-2030)
9.3.5.2. Market Revenue and Forecast, By Industry (2016-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, By Services (2016-2030)
9.3.6.2. Market Revenue and Forecast, By Industry (2016-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, By Services (2016-2030)
9.4.2. Market Revenue and Forecast, By Industry (2016-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, By Services (2016-2030)
9.4.3.2. Market Revenue and Forecast, By Industry (2016-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, By Services (2016-2030)
9.4.4.2. Market Revenue and Forecast, By Industry (2016-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, By Services (2016-2030)
9.4.5.2. Market Revenue and Forecast, By Industry (2016-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, By Services (2016-2030)
9.4.6.2. Market Revenue and Forecast, By Industry (2016-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, By Services (2016-2030)
9.5.2. Market Revenue and Forecast, By Industry (2016-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, By Services (2016-2030)
9.5.3.2. Market Revenue and Forecast, By Industry (2016-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, By Services (2016-2030)
9.5.4.2. Market Revenue and Forecast, By Industry (2016-2030)
Chapter 10. Company Profiles
10.1. ICON plc
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. IQVIA Holdings, Inc
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. The Medical Affairs Company
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Syneos Health, Inc.
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Pharmaceutical Product Development, LLC
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Ashfield Healthcare Communications
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Zeincro Group
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Wuxi Clinical Development, Inc.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. SGS S.A.
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Indegene, Inc.
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
Glossary of Terms