Medical Affairs Outsourcing Market
PUBLISHED: 2021 ID: SMRC20878
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Medical Affairs Outsourcing Market

Medical Affairs Outsourcing Market Forecasts to 2028 – Global Analysis By Service (Clinical Trial Applications and Product Registrations, Medical Information and Others), Application, End User and By Geography

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4.5 (97 reviews)
Published: 2021 ID: SMRC20878

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Medical Affairs Outsourcing Market is accounted for $1.40 billion in 2020 and is expected to reach $4.05 billion by 2028 growing at a CAGR of 14.2% during the forecast period. Rise in the number of medical affairs, advancement of medical education and growing count of orphan therapies are driving the market growth. However, growing costs of clinical trials and drug development are hampering the growth of the market.

Medical affairs outsourcing is defined as the process of acquiring the product or service from a third party application or company. In the past, medical affairs outsourcing was solely performed by sponsors in-house, but currently outsourcing of various medical affairs tasks has increased gradually.

Based on the service, the medical writing & publishing segment is going to have lucrative growth during the forecast period owing to its rising popularity which can be attributed to growing number of diverse pharma products. Medical writing sector requires expertise to produce and present particulars, and well-structured documents clearly and concisely.

By geography, North America is going to have high growth during the forecast period which can be attributed to the unavailability of medical affairs experts, which is a major challenge, that has encouraged biopharmaceutical and medical device companies based in North America to outsource certain functions to individuals with a high level of expertise in the domain.

Some of the key players profiled in the Medical Affairs Outsourcing Market include Accell Clinical Research, Charles River Laboratories International, Inc., Clinilabs, Inc., Covance, Inc., Criterium, Inc., Excelya, Genpact Ltd, ICON plc, Medpace, Inc., PARAXEL International Corporation, Pharmaceutical Product Development, LLC, PRA Health Sciences, Inc., Promedica International, Quintiles Transnational Corporation and WuXi AppTec Group.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 1.4 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

14.2%

Predicted 2028 Value:

USD 4.05 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

102

Chapters Covered:

Service, Application, End User and Region

Core Drivers and Opportunities:

  • Rise in the number of medical affairs
  • Advancement of medical education
  • Growing count of orphan therapies

Restraining Factors & Market Threats:

  • Growing costs of clinical trials and drug development


Services Covered:
• Clinical Trial Applications and Product Registrations
• Medical Information
• Medical Monitoring
• Medical Science Liaisons (MSLs)
• Medical Writing & Publishing
• Regulatory Consulting and Legal Representation

Applications Covered:
• Biopharmaceutical
• Pharmaceutical
• Medical Devices   

End Users Covered:
• Biotechnology Companies
• Mid- Sized Pharmaceutical Companies

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Medical Affairs Outsourcing Market is majorly driven by rise in the number of medical affairs, advancement of medical education and growing count of orphan therapies.

The medical science liaisons (MSLs) segment is growing at a highest CAGR owing to requirement after product launch and to overcome non-uniform and insufficient training.

North America dominated with a significant market share due to the unavailability of medical affairs experts which led to the market players to outsource certain functions.

Asia Pacific market is growing at a highest CAGR owing to the cost-efficient services offered by the CROs in the region. Furthermore, improved regulatory framework and availability of a skilled workforce are expected to drive the market growth.

Key players in Medical Affairs Outsourcing Market include Accell Clinical Research, Charles River Laboratories International, Inc., Clinilabs, Inc., Covance, Inc., Criterium, Inc., Excelya, Genpact Ltd, ICON plc, Medpace, Inc., PARAXEL International Corporation, Pharmaceutical Product Development, LLC, PRA Health Sciences, Inc., Promedica International, Quintiles Transnational Corporation and WuXi AppTec Group.

Table of Contents

1 Executive Summary     
      
2 Preface     

 2.1 Abstract    
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology    
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions   
      
3 Market Trend Analysis     
 3.1 Introduction    
 3.2 Drivers    
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats    
 3.6 Application Analysis    
 3.7 End User Analysis    
 3.8 Emerging Markets    
 3.9 Impact of Covid-19    
      
4 Porters Five Force Analysis     

 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry    
      
5 Global Medical Affairs Outsourcing Market, By Service     
 5.1 Introduction    
 5.2 Clinical Trial Applications and Product Registrations    
 5.3 Medical Information    
 5.4 Medical Monitoring    
 5.5 Medical Science Liaisons (MSLs)    
 5.6 Medical Writing & Publishing    
 5.7 Regulatory Consulting and Legal Representation    
      
6 Global Medical Affairs Outsourcing Market, By Application     
 6.1 Introduction    
 6.2 Biopharmaceutical Products     
 6.3 Pharmaceutical Products    
 6.4 Medical Devices    
  6.4.1 Diagnostic Medical Devices   
  6.4.2 Therapeutic Medical Devices   
      
7 Global Medical Affairs Outsourcing Market, By End User     
 7.1 Introduction    
 7.2 Biotechnology Companies    
 7.3 Mid- Sized Pharmaceutical Companies    
      
8 Global Medical Affairs Outsourcing Market, By Geography     
 8.1 Introduction    
 8.2 North America    
  8.2.1 US   
  8.2.2 Canada   
  8.2.3 Mexico   
 8.3 Europe    
  8.3.1 Germany   
  8.3.2 UK   
  8.3.3 Italy   
  8.3.4 France   
  8.3.5 Spain   
  8.3.6 Rest of Europe   
 8.4 Asia Pacific    
  8.4.1 Japan   
  8.4.2 China   
  8.4.3 India   
  8.4.4 Australia   
  8.4.5 New Zealand   
  8.4.6 South Korea   
  8.4.7 Rest of Asia Pacific   
 8.5 South America    
  8.5.1 Argentina   
  8.5.2 Brazil   
  8.5.3 Chile   
  8.5.4 Rest of South America   
 8.6 Middle East & Africa    
  8.6.1 Saudi Arabia   
  8.6.2 UAE   
  8.6.3 Qatar   
  8.6.4 South Africa   
  8.6.5 Rest of Middle East & Africa   
      
9 Key Developments     
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 9.2 Acquisitions & Mergers    
 9.3 New Product Launch    
 9.4 Expansions    
 9.5 Other Key Strategies    
      
10 Company Profiling     
 10.1 Accell Clinical Research    
 10.2 Charles River Laboratories International, Inc.    
 10.3 Clinilabs, Inc.    
 10.4 Covance, Inc.    
 10.5 Criterium, Inc.    
 10.6 Excelya    
 10.7 Genpact Ltd     
 10.8 ICON plc    
 10.9 Medpace, Inc.    
 10.10 PARAXEL International Corporation    
 10.11 Pharmaceutical Product Development, LLC    
 10.12 PRA Health Sciences, Inc.    
 10.13 Promedica International    
 10.14 Quintiles Transnational Corporation    
 10.15 WuXi AppTec Group    


List of Tables      
1 Global Medical Affairs Outsourcing Market Outlook, By Region (2019-2028) (US $MN)      
2 Global Medical Affairs Outsourcing Market Outlook, By Service (2019-2028) (US $MN)     
3 Global Medical Affairs Outsourcing Market Outlook, By Clinical Trial Applications and Product Registrations (2019-2028) (US $MN)     
4 Global Medical Affairs Outsourcing Market Outlook, By Medical Information (2019-2028) (US $MN)     
5 Global Medical Affairs Outsourcing Market Outlook, By Medical Monitoring (2019-2028) (US $MN)     
6 Global Medical Affairs Outsourcing Market Outlook, By Medical Science Liaisons (MSLs) (2019-2028) (US $MN)     
7 Global Medical Affairs Outsourcing Market Outlook, By Medical Writing & Publishing (2019-2028) (US $MN)     
8 Global Medical Affairs Outsourcing Market Outlook, By Regulatory Consulting and Legal Representation (2019-2028) (US $MN)     
9 Global Medical Affairs Outsourcing Market Outlook, By Application (2019-2028) (US $MN)     
10 Global Medical Affairs Outsourcing Market Outlook, By Biopharmaceutical (2019-2028) (US $MN)     
11 Global Medical Affairs Outsourcing Market Outlook, By Pharmaceutical (2019-2028) (US $MN)     
12 Global Medical Affairs Outsourcing Market Outlook, By Medical Devices (2019-2028) (US $MN)     
13 Global Medical Affairs Outsourcing Market Outlook, By Diagnostic Medical Devices (2019-2028) (US $MN)     
14 Global Medical Affairs Outsourcing Market Outlook, By Therapeutic Medical Devices (2019-2028) (US $MN)     
15 Global Medical Affairs Outsourcing Market Outlook, By End User (2019-2028) (US $MN)     
16 Global Medical Affairs Outsourcing Market Outlook, By Biotechnology Companies (2019-2028) (US $MN)     
17 Global Medical Affairs Outsourcing Market Outlook, By Mid- Sized Pharmaceutical Companies (2019-2028) (US $MN)     
18 North America Medical Affairs Outsourcing Market Outlook, By Country (2019-2028) (US $MN)      
19 North America Medical Affairs Outsourcing Market Outlook, By Service (2019-2028) (US $MN)     
20 North America Medical Affairs Outsourcing Market Outlook, By Clinical Trial Applications and Product Registrations (2019-2028) (US $MN)     
21 North America Medical Affairs Outsourcing Market Outlook, By Medical Information (2019-2028) (US $MN)     
22 North America Medical Affairs Outsourcing Market Outlook, By Medical Monitoring (2019-2028) (US $MN)     
23 North America Medical Affairs Outsourcing Market Outlook, By Medical Science Liaisons (MSLs) (2019-2028) (US $MN)     
24 North America Medical Affairs Outsourcing Market Outlook, By Medical Writing & Publishing (2019-2028) (US $MN)     
25 North America Medical Affairs Outsourcing Market Outlook, By Regulatory Consulting and Legal Representation (2019-2028) (US $MN)     
26 North America Medical Affairs Outsourcing Market Outlook, By Application (2019-2028) (US $MN)     
27 North America Medical Affairs Outsourcing Market Outlook, By Biopharmaceutical (2019-2028) (US $MN)     
28 North America Medical Affairs Outsourcing Market Outlook, By Pharmaceutical (2019-2028) (US $MN)     
29 North America Medical Affairs Outsourcing Market Outlook, By Medical Devices (2019-2028) (US $MN)     
30 North America Medical Affairs Outsourcing Market Outlook, By Diagnostic Medical Devices (2019-2028) (US $MN)     
31 North America Medical Affairs Outsourcing Market Outlook, By Therapeutic Medical Devices (2019-2028) (US $MN)     
32 North America Medical Affairs Outsourcing Market Outlook, By End User (2019-2028) (US $MN)     
33 North America Medical Affairs Outsourcing Market Outlook, By Biotechnology Companies (2019-2028) (US $MN)     
34 North America Medical Affairs Outsourcing Market Outlook, By Mid- Sized Pharmaceutical Companies (2019-2028) (US $MN)      
35 Europe Medical Affairs Outsourcing Market Outlook, By Country (2019-2028) (US $MN)      
36 Europe Medical Affairs Outsourcing Market Outlook, By Service (2019-2028) (US $MN)     
37 Europe Medical Affairs Outsourcing Market Outlook, By Clinical Trial Applications and Product Registrations (2019-2028) (US $MN)     
38 Europe Medical Affairs Outsourcing Market Outlook, By Medical Information (2019-2028) (US $MN)     
39 Europe Medical Affairs Outsourcing Market Outlook, By Medical Monitoring (2019-2028) (US $MN)     
40 Europe Medical Affairs Outsourcing Market Outlook, By Medical Science Liaisons (MSLs) (2019-2028) (US $MN)     
41 Europe Medical Affairs Outsourcing Market Outlook, By Medical Writing & Publishing (2019-2028) (US $MN)     
42 Europe Medical Affairs Outsourcing Market Outlook, By Regulatory Consulting and Legal Representation (2019-2028) (US $MN)     
43 Europe Medical Affairs Outsourcing Market Outlook, By Application (2019-2028) (US $MN)     
44 Europe Medical Affairs Outsourcing Market Outlook, By Biopharmaceutical (2019-2028) (US $MN)     
45 Europe Medical Affairs Outsourcing Market Outlook, By Pharmaceutical (2019-2028) (US $MN)     
46 Europe Medical Affairs Outsourcing Market Outlook, By Medical Devices (2019-2028) (US $MN)     
47 Europe Medical Affairs Outsourcing Market Outlook, By Diagnostic Medical Devices (2019-2028) (US $MN)     
48 Europe Medical Affairs Outsourcing Market Outlook, By Therapeutic Medical Devices (2019-2028) (US $MN)     
49 Europe Medical Affairs Outsourcing Market Outlook, By End User (2019-2028) (US $MN)     
50 Europe Medical Affairs Outsourcing Market Outlook, By Biotechnology Companies (2019-2028) (US $MN)     
51 Europe Medical Affairs Outsourcing Market Outlook, By Mid- Sized Pharmaceutical Companies (2019-2028) (US $MN)     
52 Asia Pacific Medical Affairs Outsourcing Market Outlook, By Country (2019-2028) (US $MN)      
53 Asia Pacific Medical Affairs Outsourcing Market Outlook, By Service (2019-2028) (US $MN)     
54 Asia Pacific Medical Affairs Outsourcing Market Outlook, By Clinical Trial Applications and Product Registrations (2019-2028) (US $MN)     
55 Asia Pacific Medical Affairs Outsourcing Market Outlook, By Medical Information (2019-2028) (US $MN)     
56 Asia Pacific Medical Affairs Outsourcing Market Outlook, By Medical Monitoring (2019-2028) (US $MN)     
57 Asia Pacific Medical Affairs Outsourcing Market Outlook, By Medical Science Liaisons (MSLs) (2019-2028) (US $MN)     
58 Asia Pacific Medical Affairs Outsourcing Market Outlook, By Medical Writing & Publishing (2019-2028) (US $MN)     
59 Asia Pacific Medical Affairs Outsourcing Market Outlook, By Regulatory Consulting and Legal Representation (2019-2028) (US $MN)     
60 Asia Pacific Medical Affairs Outsourcing Market Outlook, By Application (2019-2028) (US $MN)     
61 Asia Pacific Medical Affairs Outsourcing Market Outlook, By Biopharmaceutical (2019-2028) (US $MN)     
62 Asia Pacific Medical Affairs Outsourcing Market Outlook, By Pharmaceutical (2019-2028) (US $MN)     
63 Asia Pacific Medical Affairs Outsourcing Market Outlook, By Medical Devices (2019-2028) (US $MN)     
64 Asia Pacific Medical Affairs Outsourcing Market Outlook, By Diagnostic Medical Devices (2019-2028) (US $MN)     
65 Asia Pacific Medical Affairs Outsourcing Market Outlook, By Therapeutic Medical Devices (2019-2028) (US $MN)     
66 Asia Pacific Medical Affairs Outsourcing Market Outlook, By End User (2019-2028) (US $MN)     
67 Asia Pacific Medical Affairs Outsourcing Market Outlook, By Biotechnology Companies (2019-2028) (US $MN)     
68 Asia Pacific Medical Affairs Outsourcing Market Outlook, By Mid- Sized Pharmaceutical Companies (2019-2028) (US $MN)     
69 South America Medical Affairs Outsourcing Market Outlook, By Country (2019-2028) (US $MN)      
70 South America Medical Affairs Outsourcing Market Outlook, By Service (2019-2028) (US $MN)     
71 South America Medical Affairs Outsourcing Market Outlook, By Clinical Trial Applications and Product Registrations (2019-2028) (US $MN)     
72 South America Medical Affairs Outsourcing Market Outlook, By Medical Information (2019-2028) (US $MN)     
73 South America Medical Affairs Outsourcing Market Outlook, By Medical Monitoring (2019-2028) (US $MN)     
74 South America Medical Affairs Outsourcing Market Outlook, By Medical Science Liaisons (MSLs) (2019-2028) (US $MN)     
75 South America Medical Affairs Outsourcing Market Outlook, By Medical Writing & Publishing (2019-2028) (US $MN)     
76 South America Medical Affairs Outsourcing Market Outlook, By Regulatory Consulting and Legal Representation (2019-2028) (US $MN)     
77 South America Medical Affairs Outsourcing Market Outlook, By Application (2019-2028) (US $MN)     
78 South America Medical Affairs Outsourcing Market Outlook, By Biopharmaceutical (2019-2028) (US $MN)     
79 South America Medical Affairs Outsourcing Market Outlook, By Pharmaceutical (2019-2028) (US $MN)     
80 South America Medical Affairs Outsourcing Market Outlook, By Medical Devices (2019-2028) (US $MN)     
81 South America Medical Affairs Outsourcing Market Outlook, By Diagnostic Medical Devices (2019-2028) (US $MN)     
82 South America Medical Affairs Outsourcing Market Outlook, By Therapeutic Medical Devices (2019-2028) (US $MN)     
83 South America Medical Affairs Outsourcing Market Outlook, By End User (2019-2028) (US $MN)     
84 South America Medical Affairs Outsourcing Market Outlook, By Biotechnology Companies (2019-2028) (US $MN)     
85 South America Medical Affairs Outsourcing Market Outlook, By Mid- Sized Pharmaceutical Companies (2019-2028) (US $MN)     
86 Middle East & Africa Medical Affairs Outsourcing Market Outlook, By Country (2019-2028) (US $MN)      
87 Middle East & Africa Medical Affairs Outsourcing Market Outlook, By Service (2019-2028) (US $MN)     
88 Middle East & Africa Medical Affairs Outsourcing Market Outlook, By Clinical Trial Applications and Product Registrations (2019-2028) (US $MN)     
89 Middle East & Africa Medical Affairs Outsourcing Market Outlook, By Medical Information (2019-2028) (US $MN)     
90 Middle East & Africa Medical Affairs Outsourcing Market Outlook, By Medical Monitoring (2019-2028) (US $MN)     
91 Middle East & Africa Medical Affairs Outsourcing Market Outlook, By Medical Science Liaisons (MSLs) (2019-2028) (US $MN)     
92 Middle East & Africa Medical Affairs Outsourcing Market Outlook, By Medical Writing & Publishing (2019-2028) (US $MN)     
93 Middle East & Africa Medical Affairs Outsourcing Market Outlook, By Regulatory Consulting and Legal Representation (2019-2028) (US $MN)     
94 Middle East & Africa Medical Affairs Outsourcing Market Outlook, By Application (2019-2028) (US $MN)     
95 Middle East & Africa Medical Affairs Outsourcing Market Outlook, By Biopharmaceutical (2019-2028) (US $MN)     
96 Middle East & Africa Medical Affairs Outsourcing Market Outlook, By Pharmaceutical (2019-2028) (US $MN)     
97 Middle East & Africa Medical Affairs Outsourcing Market Outlook, By Medical Devices (2019-2028) (US $MN)      
98 Middle East & Africa Medical Affairs Outsourcing Market Outlook, By Diagnostic Medical Devices (2019-2028) (US $MN)     
99 Middle East & Africa Medical Affairs Outsourcing Market Outlook, By Therapeutic Medical Devices (2019-2028) (US $MN)     
100 Middle East & Africa Medical Affairs Outsourcing Market Outlook, By End User (2019-2028) (US $MN)     
101 Middle East & Africa Medical Affairs Outsourcing Market Outlook, By Biotechnology Companies (2019-2028) (US $MN)     
102 Middle East & Africa Medical Affairs Outsourcing Market Outlook, By Mid- Sized Pharmaceutical Companies (2019-2028) (US $MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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