Global AI in Medical Writing Market is valued at approximately USD 690.80 million in 2022 and is anticipated to grow with a healthy growth rate of more than 12.44% over the forecast period 2023-2030. AI (Artificial Intelligence) in medical writing refers to the application of AI technologies, such as natural language processing (NLP) and machine learning, to assist and enhance various aspects of medical and healthcare-related writing tasks. AI-powered solutions are designed to support healthcare professionals, medical researchers, and medical communication teams in generating accurate, concise, and contextually appropriate medical content. The AI in Medical Writing Market is expanding because of factors such as the rising developments in Natural Language Processing (NLP) and Machine Learning, high availability of healthcare data, rise in adoption of cloud computing, and regulatory compliance and standardization.
In addition, the increasing adoption of telemedicine and remote healthcare services is acting as a catalyzing factor for market growth across the globe. The rapid shift towards remote work and telehealth services has created a need for accurate and timely medical documentation, which AI can facilitate. According to Statista, in 2019, the telemedicine sector was estimated to value at around USD 49.9 billion around the world. Also, it is anticipated to grow and is expected to reach about USD 277.9 billion by the year 2025. Thus, these aforementioned factors are propelling the growth of the AI in Medical Writing Market during the estimated period. Moreover, the increasing investment in research and development activities, as well as the rise in CRO outsourcing present various lucrative opportunities over the forecast years. However, the rising concerns about the accuracy and reliability of AI-generated content and integration complexity into existing healthcare IT systems and workflows are challenging the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global AI in Medical Writing Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rapid digitalization in the healthcare sector, increasing volume of medical data, and rising cost of medical writing. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The surging demand for personalized medicine, promising environment for clinical study in developing countries such as India and China, as well as rise of telemedicine and remote healthcare services are significantly propelling the market demand across the region.
Major market players included in this report are:
Parexel International Corporation
Trilogy Writing & Consulting GmbH
International Business Machines Corporation
Recent Developments in the Market:
Ø In June 2022, Yesop- an AI and Natural Language Processing (NLP) specialized company, announced that the company partnered with Sanofi in order to enhance the automation of safety reports. The objective of this initiative is to help Sanofi significantly expedite its clinical trial dossier submission workflows with Yesop’s technology,
Global AI in Medical Writing Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, End-use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Middle East & Africa
Rest of Middle East & Africa