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Published: Nov, 2019 | Pages:
90 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)
The global medical affairs outsourcing market size is expected to reach USD 2.7 billion by 2026, expanding at a CAGR of 10.4% over the forecast period, according to a new report by Grand View Research, 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. 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)
1.6.1.1. Approach 1: Commodity flow approach
1.6.2. Volume price analysis (Model 2)
1.6.2.1. 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
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
3.3.1.1. Increasing number of clinical trials
3.3.1.2. Cost efficiency and high level of quality offered by the CROs
3.3.2. Market Restraint Analysis
3.3.2.1. Stringent regulatory scenario
3.3.3. Industry Challenges
3.4. Medical Affairs Outsourcing: Market Analysis Tools
3.4.1. Industry Analysis - Porter's
3.4.1.1. Supplier Power
3.4.1.2. Buyer Power
3.4.1.3. Substitution Threat
3.4.1.4. Threat from new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political Landscape
3.4.2.2. Environmental Landscape
3.4.2.3. Social Landscape
3.4.2.4. Technology Landscape
3.4.2.5. Legal Landscape
3.4.3. Major Deals & Strategic Alliances Analysis
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
4.5.3. Medical Science Liaisons (MSLs)
4.5.4. Medical Information
4.5.5. Others
Chapter 5. Medical Affairs Outsourcing Market: Segment Analysis, By Industry, 2015 - 2026 (USD Million)
5.1. Definitions & Scope
5.2. Industry market share analysis, 2018 & 2026
5.3. Segment Dashboard
5.4. Medical Affairs Outsourcing, by Industry, 2015 to 2026
5.5. Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the following
5.5.1. Pharmaceutical
5.5.2. Biopharmaceutical
5.5.3. Medical Devices
5.5.3.1. Therapeutic Medical Devices
5.5.3.2. Diagnostic Medical Devices
Chapter 6. Medical affairs outsourcing market: Regional Market Analysis, by Product, 2015 - 2026 (USD Million)
6.1. Definitions & Scope
6.2. Regional Market Share Analysis, 2018 & 2026
6.3. Regional Market Dashboard
6.4. Regional Market Snapshot
6.5. Regional Market Share, 2018
6.6. Market Size, & Forecasts, and Trend Analysis, 2015 to 2026:
6.7. North America
6.7.1. Market estimates and forecast, by country, 2015 - 2026 (USD Million)
6.7.2. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.7.3. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.7.4. U.S.
6.7.4.1. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.7.4.2. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.7.5. Canada
6.7.5.1. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.7.5.2. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.8. Europe
6.8.1. Market estimates and forecast, by country, 2015 - 2026 (USD Million)
6.8.2. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.8.3. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.8.4. UK
6.8.4.1. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.8.4.2. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.8.5. Germany
6.8.5.1. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.8.5.2. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.8.6. France
6.8.6.1. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.8.6.2. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.8.7. Italy
6.8.7.1. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.8.7.2. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.8.8. Spain
6.8.8.1. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.8.8.2. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.9. Asia Pacific
6.9.1. Market estimates and forecast, by country, 2015 - 2026 (USD Million)
6.9.2. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.9.3. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.9.4. Japan
6.9.4.1. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.9.4.2. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.9.5. China
6.9.5.1. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.9.5.2. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.9.6. India
6.9.6.1. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.9.6.2. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.9.7. Korea
6.9.7.1. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.9.7.2. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.9.8. Australia
6.9.8.1. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.9.8.2. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.10. Latin America
6.10.1. Market estimates and forecast, by country, 2015 - 2026 (USD Million)
6.10.2. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.10.3. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.10.4. Brazil
6.10.4.1. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.10.4.2. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.10.4.3. Mexico
6.10.4.4. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.10.4.5. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.10.5. Argentina
6.10.5.1. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.10.5.2. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.11. Middle East and Africa
6.11.1. Market estimates and forecast, by country, 2015 - 2026 (USD Million)
6.11.2. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.11.3. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.11.4. South Africa
6.11.4.1. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.11.4.2. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.11.5. Saudi Arabia
6.11.5.1. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.11.5.2. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
6.11.6. UAE
6.11.6.1. Market estimates and forecast, by services, 2015 - 2026 (USD Million)
6.11.6.2. Market estimates and forecast, by industry, 2015 - 2026 (USD Million)
Chapter 7. Medical affairs outsourcing market - Competitive Analysis
7.1. Key companies profiled
7.1.1. ICON plc
7.1.1.1. Company Overview
7.1.1.2. Financial Performance
7.1.1.3. Product Benchmarking
7.1.1.4. Strategic Initiatives
7.1.2. IQVIA Holdings Inc.
7.1.2.1. Company Overview
7.1.2.2. Financial Performance
7.1.2.3. Product Benchmarking
7.1.2.4. Strategic Initiatives
7.1.3. THE MEDICAL AFFAIRS COMPANY
7.1.3.1. Company Overview
7.1.3.2. Financial Performance
7.1.3.3. Product Benchmarking
7.1.3.4. Strategic Initiatives
7.1.4. Syneos Health Inc.
7.1.4.1. Company Overview
7.1.4.2. Financial Performance
7.1.4.3. Product Benchmarking
7.1.4.4. Strategic Initiatives
7.1.5. Pharmaceutical Product Development, LLC.
7.1.5.1. Company Overview
7.1.5.2. Financial Performance
7.1.5.3. Product Benchmarking
7.1.5.4. Strategic Initiatives
7.1.6. Ashfield Healthcare Communications
7.1.6.1. Company Overview
7.1.6.2. Financial Performance
7.1.6.3. Product Benchmarking
7.1.6.4. Strategic Initiatives
7.1.7. ZEINCRO Group
7.1.7.1. Company Overview
7.1.7.2. Financial Performance
7.1.7.3. Product Benchmarking
7.1.8. Wuxi Clinical Development, Inc.
7.1.8.1. Company Overview
7.1.8.2. Financial Performance
7.1.8.3. Product Benchmarking
7.1.8.4. Strategic Initiatives
7.1.9. SGS SA
7.1.9.1. Company Overview
7.1.9.2. Financial Performance
7.1.9.3. Product Benchmarking
7.1.10. Indegene Inc.
7.1.10.1. Company Overview
7.1.10.2. Financial Performance
7.1.10.3. Product Benchmarking
List of Tables Table 1 List of Secondary Sources Table 2 List of Abbreviations Table 3 Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 4 Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 5 Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 6 Medical Affairs Outsourcing Market, By Region 2015 - 2026 (USD Million) Table 7 North America Medical Affairs Outsourcing Market, By Country, 2015 - 2026 (USD Million) Table 8 North America Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 9 North America Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 10 U.S. Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 11 U.S. Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 12 Canada Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 13 Canada Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 14 Europe Medical Affairs Outsourcing Market, By Country, 2015 - 2026 (USD Million) Table 15 Europe Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 16 Europe Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 17 UK Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 18 UK Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 19 Germany Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 20 Germany Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 21 France Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 22 France Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 23 Italy Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 24 Italy Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 25 Spain Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 26 Spain Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 27 Asia Pacific Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 28 Asia Pacific Medical Affairs Outsourcing Market, By Country, 2015 - 2026 (USD Million) Table 29 Asia Pacific Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 30 Japan Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 31 Japan Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 32 China Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 33 China Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 34 India Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 35 India Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 36 South Korea Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 37 South Korea Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 38 Australia Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 39 Australia Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 40 Latin America Medical Affairs Outsourcing Market, By Country, 2015 - 2026 (USD Million) Table 41 Latin America Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 42 Latin America Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 43 Brazil Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 44 Brazil Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 45 Mexico Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 46 Mexico Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 47 Argentina Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 48 Argentina Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 49 Middle East & Africa Medical Affairs Outsourcing Market, By Country, 2015 - 2026 (USD Million) Table 50 Middle East & Africa Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 51 Middle East & Africa Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 52 South Africa Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 53 South Africa Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 54 Saudi Arabia Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 55 Saudi Arabia Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million) Table 56 UAE Medical Affairs Outsourcing Market, By Services, 2015 - 2026 (USD Million) Table 57 UAE Medical Affairs Outsourcing Market, By Industry, 2015 - 2026 (USD Million)
List of Figures Fig. 1 Market research process Fig. 2 Data triangulation techniques Fig. 3 Primary research pattern Fig. 4 Market research approaches Fig. 5 Value-chain-based sizing & forecasting Fig. 6 QFD modeling for market share assessment Fig. 7 Market formulation & validation Fig. 8 Medical affairs outsourcing market: Market snapshot Fig. 9 Medical affairs outsourcing market: Market segmentation Fig. 10 Medical affairs outsourcing market Strategy framework Fig. 11 Parent market outlook Fig. 12 Related/ancillary market outlook Fig. 13 Medical affairs outsourcing market driver impact Fig. 14 Medical affairs outsourcing market restraint impact Fig. 15 Medical affairs outsourcing market porter's five forces analysis Fig. 16 Medical affairs outsourcing market PESTEL analysis Fig. 17 Medical affairs outsourcing market services outlook: segment dashboard Fig. 18 Medical affairs outsourcing market: services movement analysis Fig. 19 Medical writing & publishing market estimates and forecast, 2015 - 2026 (USD Million) Fig. 20 Medical monitoring market estimates and forecast, 2015 - 2026 (USD Million) Fig. 21 Medical science liaisons (MSLs) market estimates and forecast, 2015 - 2026 (USD Million) Fig. 22 Medical information market estimates and forecast, 2015 - 2026 (USD Million) Fig. 23 Others market estimates and forecast, 2015 - 2026 (USD Million) Fig. 24 Medical affairs outsourcing market industry outlook: segment dashboard Fig. 25 Medical affairs outsourcing market: Industry movement analysis Fig. 26 Pharmaceutical market estimates and forecast, 2015 - 2026 (USD Million) Fig. 27 Biopharmaceutical market estimates and forecast, 2015 - 2026 (USD Million) Fig. 28 Medical Devices market estimates and forecast, 2015 - 2026 (USD Million) Fig. 29 Medical affairs outsourcing market: Regional movement analysis Fig. 30 Medical affairs outsourcing market: Regional outlook and key takeaways Fig. 31 Regional outlook, 2018 & 2026 Fig. 32 North America market, 2015 - 2026 (USD Million) Fig. 33 U.S. market, 2015 - 2026 (USD Million) Fig. 34 Canada market, 2015 - 2026 (USD Million) Fig. 35 Europe market, 2015 - 2026 (USD Million) Fig. 36 UK market, 2015 - 2026 (USD Million) Fig. 37 Germany market, 2015 - 2026 (USD Million) Fig. 38 France market, 2015 - 2026 (USD Million) Fig. 39 Italy market, 2015 - 2026 (USD Million) Fig. 40 Spain market, 2015 - 2026 (USD Million) Fig. 41 Asia Pacific market, 2015 - 2026 (USD Million) Fig. 42 Japan market, 2015 - 2026 (USD Million) Fig. 43 China market, 2015 - 2026 (USD Million) Fig. 44 India market, 2015 - 2026 (USD Million) Fig. 45 South Korea market, 2015 - 2026 (USD Million) Fig. 46 Australia market, 2015 - 2026 (USD Million) Fig. 47 Latin America market, 2015 - 2026 (USD Million) Fig. 48 Brazil market, 2015 - 2026 (USD Million) Fig. 49 Mexico market, 2015 - 2026 (USD Million) Fig. 50 Argentina market, 2015 - 2026 (USD Million) Fig. 52 MEA market, 2015 - 2026 (USD Million) Fig. 53 South Africa market, 2015 - 2026 (USD Million) Fig. 54 Saudi Arabia market, 2015 - 2026 (USD Million) Fig. 55 UAE market, 2015 - 2026 (USD Million)
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