Medical Affairs Outsourcing Market Overview: 2025-2030
Base Year: 2024
Historical Years: 2020-23
Forecast Years: 2025-30
The Medical Affairs Outsourcing Market size was valued at around USD 2.2 billion in 2024 and is projected to reach USD 4.8 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 14% during the forecast period, i.e., 2025-30. One of the main reasons behind this growth is the high quality of services offered by Clinical Research Organizations (CROs) that help various life science companies, especially pharmaceutical companies, in their various stages of product development, i.e., from the initial research stages to the successful launching phase, and that too at affordable prices.
Markntel Advisor’s Medical Affairs Outsourcing Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Medical Affairs Outsourcing Market drivers, barriers, Medical Affairs Outsourcing Market Trends, and Key Players in Medical Affairs Outsourcing Market.
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Medical Affairs Outsourcing Market Dynamics: 2025-2030
Medical Affairs Outsourcing Market Driver:
Increasing Number of Clinical Trials Across the World – The number of clinical trials has been continuously increasing across the world. This is because of the need to check the functionality and side effects of various drugs on the patients. For instance, as per the WHO, around 23,768 clinical trials were noted in China in 2023, which makes it the top country holding approximately 21.25% of the global clinical trials. Medical affairs play a major role in navigating these clinical trials towards success through their perfect scientific knowledge, stakeholder engagement, and ensuring compliance with the regulations. Therefore, the high number of clinical trials has further increased the use of medical affairs as they help life science companies bring new, safe, and effective solutions for patients, and this trend is expected to continue in the forecast period as well.
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Medical Affairs Outsourcing Market (2025-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Services
- Medical Writing & Publishing – Market Size & Forecast 2020-2030, USD Million
- Medical Monitoring – Market Size & Forecast 2020-2030, USD Million
- Medical Science Liaisons – Market Size & Forecast 2020-2030, USD Million
- Medical Information – Market Size & Forecast 2020-2030, USD Million
- Others – Market Size & Forecast 2020-2030, USD Million
- By End-User Industry
- Pharmaceuticals – Market Size & Forecast 2020-2030, USD Million
- Biotechnology – Market Size & Forecast 2020-2030, USD Million
- Medical Devices – Market Size & Forecast 2020-2030, USD Million
- Therapeutic Medical Devices – Market Size & Forecast 2020-2030, USD Million
- Diagnostic Medical Devices – Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
- By Operational Model
- Full-Service Outsourcing – Market Size & Forecast 2020-2030, USD Million
- Functional Outsourcing – Market Size & Forecast 2020-2030, USD Million
- Partial/Task-Based Outsourcing – Market Size & Forecast 2020-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the Medical Affairs Outsourcing Market:
- IQVIA
- ICON plc
- Syneos Health
- The Medical Affairs Company
- Ashfield Medical Communications
- Wuxi Clinical
- Thermo Fisher Scientific
- Indegene
- SGS SA
- Parexel
- Charles River Associates
- Inizio Medical
- Medpace
- Biomapas
- Excelya
- Others
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