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.
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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.
Services Covered in Medical Affairs Outsourcing Market
• Clinical Trial Applications and Product Registrations
• Medical Information
• Medical Monitoring
• Medical Science Liaisons (MSLs)
• Medical Writing & Publishing
• Regulatory Consulting and Legal Representation
• Medical Devices
End Users Covered:
• Biotechnology Companies
• Mid- Sized Pharmaceutical Companies
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