Medical writing to be valued at $8.4b by 2030

The market is expanding at its quickest rate in the Asia Pacific.

The global medical writing market size is projected to reach US$8.4b by 2030, with a compound annual growth rate of 10.46%, according to a Research Insights report.

The market’s growth is driven by the advancement of modern medicine such as biologics, gene therapies, cell-based treatments, and personalised medicine.

Clinical writing dominates the market share because of its essential function in drug development and regulatory approval processes.

Further, the market is expanding at its quickest rate in the Asia Pacific region due to growing clinical trials along with affordable skilled labour and developing regional CROs in India, China and Singapore.