The Medical Affairs Outsourcing Market in North America is expected to grow from US$ 641.58 million in 2020 to US$ 1,369.08 million by 2027; it is estimated to grow at a CAGR of 11.4% from 2020 to 2027.
The North America Medical Affairs Outsourcing Market is segmented into the US, Canada, and Mexico. The US held the largest share of the North American medical affairs outsourcing market in 2019. Increasing demand for clinical trials, growing pharmaceutical and medical device industries, increasing healthcare expenditure, high R&D spending, and the presence of well-known market players are some of the prominent factors propelling the market growth.
The contract research organization (CRO) services’ industry is highly fragmented, with several hundred small and medium-sized limited-service providers, and a small number of large, full-service, North America CROs. There are few barriers to entry for smaller CROs into the North America market, whereas a full-service CRO with capabilities requires building the necessary infrastructure with the ability to simultaneously manage multiple complex testing services across numerous geographies, establishing the requisite relationships with strategic partners, developing relevant therapeutic and development of expertise to serve the needs of the end users.
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Major Key players covered in this report:
• ICON PLC
• IQVIA Inc
• PAREXEL INTERNATIONAL CORPORATION
• PPD Inc
• Syneos Health
• UDG Healthcare plc.
• WuXi AppTec
North America Medical Affairs Outsourcing Market Segmentation
North America Medical Affairs Outsourcing Market – By Services
Medical Writing and Publishing
Medical Science Liaisons (MSLs)
North America Medical Affairs Outsourcing Market – By Application
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