Global Medical Writing Market to Reach $6.9 Billion by 2027 – Yahoo Finance

December 13, 2021 by No Comments

Abstract: – Global Medical Writing Market to Reach $6. 9 Billion by 2027. – Amid the COVID-19 crisis, the global market for Medical Writing estimated at US$3. 7 Billion in the year 2020, is projected to reach a revised size of US$6.

New York, Dec. 13, 2021 (GLOBE NEWSWIRE) — announces the release of the report “Global Medical Writing Industry” –
9 Billion by 2027, growing at a CAGR of 9.5% over the analysis period 2020-2027. Clinical, one of the segments analyzed in the report, is projected to record a 9.2% CAGR and reach US$3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Regulatory segment is readjusted to a revised 10% CAGR for the next 7-year period.
– The U.S. Market is Estimated at $992.7 Million, While China is Forecast to Grow at 12.5% CAGR
– The Medical Writing market in the U.S. is estimated at US$992.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 12.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 8.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.4% CAGR.
– Scientific Segment to Record 9.4% CAGR
– In the global Scientific segment, USA, Canada, Japan, China and Europe will drive the 8.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$604.6 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$988.6 Million by the year 2027, while Latin America will expand at a 10.8% CAGR through the analysis period.

Select Competitors (Total 34 Featured) –

  • Cactus Communications

  • Clinexa Life Sciences Pvt

  • Covance, Inc.

  • Freyr Solutions



  • OMICS International

  • Parexel International Corp



  • Trilogy Writing & Consulting GmBH

Read the full …….



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