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Medical Affairs Outsourcing Market Size Worth USD 2.7 billion by 2026 | Radiant Insights, Inc.

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Medical Affairs Outsourcing Market Size Worth USD 2.7 billion by 2026 | Radiant Insights, Inc.

January 13
17:50 2020
Medical Affairs Outsourcing Market Size Worth USD 2.7 billion by 2026 | Radiant Insights, Inc.

Radiant Insights, Inc.
Radiant Insights has announced the addition of “Medical Affairs Outsourcing Market” Research Report by Manufacturers, Regions, Types and Applications″ Market Research report to their database.

The global medical affairs outsourcing market expanding at a CAGR of 10.4% over the forecast period, according to a new report by Radiant Insights, Inc. 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.

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Further Key Findings from the Report Suggest:

• The medical writing & publishing segment is expected to grow lucratively over the forecast period owing to the increasing need for marketable written content to convey medical information to healthcare professionals and patients

• North America dominated the medical affairs outsourcing market owing to the presence of a large number of pharmaceutical and medical devices companies in the region. Also, High cost of medical affairs services is a major challenge, which has encouraged various medical device companies in North America to outsource functions to third-party vendors with high level of expertise in the domain.

• Asia Pacific is anticipated to grow lucratively over the forecast period owing to cost-efficient service offering by the contract research organizations in the region. In addition, improved regulatory framework and availability of skilled workforce in the region are some factors propelling market growth.

• Few of the market players are 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.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Services
1.1.2. Industry
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity flow analysis (Model 1) Approach 1: Commodity flow approach
1.6.2. Volume price analysis (Model 2) Approach 2: Volume price analysis
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
1.9.1. Objective 1: Understanding the market dynamics
1.9.2. Objective 2: Understanding the market estimates and forecasts
1.9.3. Objective 3: Understanding the attributes such as strategy framework, competitor categorization
1.9.4. Objective 4: Understanding the key services and industry scopes to conclude on the market size

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Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Medical Affairs Outsourcing Market Variables, Trends & Scope
3.1. Market Lineage outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market Driver Analysis Increasing number of clinical trials Cost efficiency and high level of quality offered by the CROs
3.3.2. Market Restraint Analysis Stringent regulatory scenario
3.3.3. Industry Challenges
3.4. Medical Affairs Outsourcing: Market Analysis Tools
3.4.1. Industry Analysis – Porter’s Supplier Power Buyer Power

Chapter 4. Medical Affairs Outsourcing Market: Segment Analysis, by Services, 2015 – 2026 (USD Million)
4.1. Definitions & Scope
4.2. Services market share analysis, 2018 & 2026
4.3. Segment Dashboard
4.4. Medical Affairs Outsourcing Market, by Services, 2015 to 2026
4.5. Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the following
4.5.1. Medical Writing & Publishing
4.5.2. Medical Monitoring

Continue to read ………..

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Media Contact
Company Name: Radiant Insights, Inc.
Contact Person: Michelle Thoras, Corporate Sales Specialist – USA
Email: Send Email
Phone: (415) 349-0054, Toll Free: 1-888-928-9744
Address:201 Spear Street 1100, Suite 3036
City: San Francisco
State: CA
Country: United States

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