Medical Writing Market is estimated to be valued at USD 3,623.3 Million in 2021 and is poised to grow at a significant CAGR of 10.4% over 2022-2028. The development of scientific documentation by expert writers is known as medical writing. A medical writer typically collaborates closely with scientists, physicians, and other subject matter experts to produce excellent documentation that graphically describes study findings and product usage. Medical writing has quickly established a position in the pharmaceutical sector, as the industry recognized the need for professional writers who can develop well-written and well-structured documents that provide information in a clear, succinct manner while adhering to current rules. Based on type, the global medical writing market is segmented into Scientific Writing, Regulatory Medical Writing, Clinical, and Other Types. Clinical writing is anticipated to grow at a significant CAGR over the forecast years, owing to health professionals often utilizing clinical writing, and a clinical writer must be well-versed in both clinical language and culture. Effective clinical writing necessitates an awareness of the intended reader and the purpose. It is utilized in protocols, consent agreements, and clinical research reports throughout all phases of product development clinical studies. It primarily targets professionals with a solid understanding of drug/product development procedures and scientific data analysis. Medical writing is a growing market, particularly in pharmaceutical and healthcare communication. Some primary reasons driving the growth of the global medical writing market include an increase in patent expiration and research and regulatory services.
Recent Market Developments:
In 2020, Nuvisan Pharma Services GmbH and Co KG (Germany), the main global CRO/CDMO, announced the securing of Inamed GmbH (Germany) a global Contract Research Organization (CRO).