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Asia Pacific Medical Writing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type ; Application ; End User ; and Country

Asia Pacific Medical Writing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type ; Application ; End User ; and Country

  • November 2020
  • 126 pages
  • ID: 5999656
  • Format: PDF
  • The Insight Partners


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The Asia Pacific medical writing market is expected to reach US$ 983.51 million by 2027 from US$ 560.59 million in 2019; it is anticipated to grow at a CAGR of 7.3% during 2020–2027.
The growth of Asia Pacific medical writing market is driven by increasing number of market players and growing government support in the healthcare sector. However, the challenges encountered with skilled medical writers restrain the market growth.
Medical writers play a critical role in the communication process by outlining the goals, strategies, analysis, and medical understanding of a clinical trial/program to patients, sites, sponsors, and regulatory agencies.Multiple market players are investing in the medical writing market.

For instance, Novotech—a contract research organization (CRO) headquartered in Sydney, Australia—has partnered with 19 hospitals and medical facilities.The company consists of offices across 11 countries with more than 550 employees.

Medical writers in CRO have command over superior language and scientific depth.The market for medical writing in China is growing due to the availability of labor, low manufacturing costs, and high science graduate population.

The medical publication policies and pharmaceutical regulatory landscape in China have witnessed drastic changes in recent years. These changes offer lucrative opportunities for medical writers in China as multinational pharmaceutical companies and medical communication agencies across the world need writers who can help them write documents abiding medical policies and regulations. There is also a huge demand for seasonal medical writing in multinational companies interested in the Chinese market, as well as in local companies striving to enter in the global market. Also, there is high demand for ethical medical writing and editorial services in China. Thus, the increasing number of healthcare market players drives the growth of the Asia Pacific medical writing market.
Asia Pacific countries are adversely affected by theCOVID-19 pandemic.Healthcare industries across the region are hampered due to the outbreak, considering the economic conditions in the current situation.

The first case of the COVID-19 was reported in Wuhan, China, in December 2019.As per the Worldometer April 2020 data, China had ~828,304,302 COVID-19 cases, Japan had 13,441 cases, and India had 27,977 cases.

These numbers are changing owing to various factors such as the prevalence of chronic diseases and different population densities in countries.Governments are taking restrictive measures to control the spread of this virus.

The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the coronavirus (COVID-19) outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact market growth in the coming period. Till now, China has the highest number of COVID -19 confirmed cases.
Based on type, the Asia Pacific medical writing market is segmented into clinical writing, regulatory writing, scientific writing, and others. The clinical writing segment held the largest market share in 2019, whereas the regulatory writing segment is anticipated to register the highest CAGR in the market during the forecast period.
Based on application, the Asia Pacific medical writing market is segmented into medical journalism, medical education, medico marketing, and others.In 2019, the medical education segment held the largest share of the market.

However,the medico marketing segment is anticipated to register the highest CAGR in the market during 2020–2027.
The Asia Pacific medical writing market, by end-user, is segmented into pharmaceutical and biotechnological companies, contract research organizations (CROs), and others. In 2019, the pharmaceutical and biotechnological segment held the largest market share;also,the same segment is anticipated to register the highest CAGR in the market from 2020 to 2027.
A few of the primary and secondary sources referred to while preparing the report on the Asia Pacific medical writing market are Australian Medical Writers Association and Korean Journal of Internal Medicine.

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