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Medical Affairs Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global medical affairs outsourcing market grew at a CAGR of around 10% during 2015-2020. Medical affairs outsourcing is a process that enables patients, healthcare professionals (HCPs), and government bodies to gain deep insights into patient data and healthcare policies and operations. It also assists in developing new products and finding existing drug indications. Presently, healthcare organizations worldwide are increasingly relying on medical affairs outsourcing firms to successfully comply with stringent regulatory policies formed by healthcare agencies of numerous countries. These firms are also involved in education, field teams, strategic actions, information services, post-launch clinical trials, and health economics and outcomes-research (HEOR).

The expansion of medical affairs functions across the entire drug development life cycle has resulted in numerous challenges and pressures to demonstrate product value and deliver optimal performance. This is positively influencing the demand for medical affairs outsourcing firms for providing HCPs with real-time, unbiased, and transparent medical information. Moreover, the rigorous regulatory environment and a significant shift towards specialty drugs are encouraging the adoption of medical affairs outsourcing to generate complex, patient outcomes data about specialty therapy areas. Apart from this, the rising healthcare costs are also expanding the application of medical affairs outsourcing to offer companies a flexible and economical solution for meeting the changing dynamics of the market, increasing production, minimizing costs, and improving strategic capabilities. With the increasing number of drugs in pipelines, the need for customized medical affairs outsourcing is anticipated to rise in biotherapeutics to re-deploy resources, maximize commercial opportunities, and achieve economies of scale. Looking forward, IMARC Group expects the global medical affairs outsourcing market to exhibit strong growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global medical affairs outsourcing market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, services and end use industry.

Breakup by Services:

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

Breakup by End Use Industry:

  • Pharmaceutical Companies
  • Medical Devices Companies
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
    • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Ashfield Healthcare Communications (UDG Healthcare Plc), ICON Plc, Indegene Inc., IQVIA Holdings Inc., PPD Inc., SGS S.A., Syneos Health Inc., The Medical Affairs Company (Parexel International Corporation), Wuxi Clinical and Zeincro Group.

Key Questions Answered in This Report:

  • How has the global medical affairs outsourcing market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global medical affairs outsourcing market?
  • What are the key regional markets?
  • What is the breakup of the market based on the services?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global medical affairs outsourcing market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Medical Affairs Outsourcing Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Services
    6.1    Medical Writing and Publishing
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Medical Monitoring
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Medical Science Liaisons (MSLs)
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Medical Information
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Industry
    7.1    Pharmaceutical Companies
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Medical Devices Companies
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Ashfield Healthcare Communications (UDG Healthcare Plc)
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
        13.3.2    ICON Plc
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
           13.3.2.3 Financials
           13.3.2.4 SWOT Analysis
        13.3.3    Indegene Inc.
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
        13.3.4    IQVIA Holdings Inc.
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
           13.3.4.3 Financials
           13.3.4.4 SWOT Analysis
        13.3.5    PPD Inc.
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
           13.3.5.3 Financials
           13.3.5.4 SWOT Analysis
        13.3.6    SGS S.A.
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
           13.3.6.3 Financials
        13.3.7    Syneos Health Inc.
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
           13.3.7.3 Financials
           13.3.7.4 SWOT Analysis
        13.3.8    The Medical Affairs Company (Parexel International Corporation)
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
        13.3.9    WuXi Clinical
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
        13.3.10    Zeincro Group
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio

List of Figures

Figure 1: Global: Medical Affairs Outsourcing Market: Major Drivers and Challenges
Figure 2: Global: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015-2020
Figure 3: Global: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Global: Medical Affairs Outsourcing Market: Breakup by Services (in %), 2020
Figure 5: Global: Medical Affairs Outsourcing Market: Breakup by End Use Industry (in %), 2020
Figure 6: Global: Medical Affairs Outsourcing Market: Breakup by Region (in %), 2020
Figure 7: Global: Medical Affairs Outsourcing (Medical Writing and Publishing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Medical Affairs Outsourcing (Medical Writing and Publishing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Medical Affairs Outsourcing (Medical Monitoring) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Medical Affairs Outsourcing (Medical Monitoring) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Medical Affairs Outsourcing (Medical Science Liaisons- MSLs) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Medical Affairs Outsourcing (Medical Science Liaisons- MSLs) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Medical Affairs Outsourcing (Medical Information) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Medical Affairs Outsourcing (Medical Information) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Medical Affairs Outsourcing (Other Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Medical Affairs Outsourcing (Other Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Medical Affairs Outsourcing (Pharmaceutical Companies) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Medical Affairs Outsourcing (Pharmaceutical Companies) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Medical Affairs Outsourcing (Medical Devices Companies) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Medical Affairs Outsourcing (Medical Devices Companies) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Medical Affairs Outsourcing (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Medical Affairs Outsourcing (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: North America: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: North America: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: United States: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: United States: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Canada: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Canada: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Asia-Pacific: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Asia-Pacific: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: China: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: China: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Japan: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Japan: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: India: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: India: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: South Korea: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: South Korea: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Australia: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Australia: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Indonesia: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Indonesia: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Others: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Others: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Europe: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Europe: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Germany: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Germany: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: France: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: France: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: United Kingdom: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: United Kingdom: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Italy: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Italy: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Spain: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Spain: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Russia: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Russia: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Others: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Others: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Latin America: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Latin America: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Brazil: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Brazil: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Mexico: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Mexico: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Others: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Others: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Middle East and Africa: Medical Affairs Outsourcing Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Middle East and Africa: Medical Affairs Outsourcing Market: Breakup by Country (in %), 2020
Figure 71: Middle East and Africa: Medical Affairs Outsourcing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Global: Medical Affairs Outsourcing Industry: SWOT Analysis
Figure 73: Global: Medical Affairs Outsourcing Industry: Value Chain Analysis
Figure 74: Global: Medical Affairs Outsourcing Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Medical Affairs Outsourcing Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Medical Affairs Outsourcing Market Forecast: Breakup by Services (in Million US$), 2021-2026
Table 3: Global: Medical Affairs Outsourcing Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 4: Global: Medical Affairs Outsourcing Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Medical Affairs Outsourcing Market: Competitive Structure
Table 6: Global: Medical Affairs Outsourcing Market: Key Players

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