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Emerging Trends to Drive Artificial Intelligence (AI) In Medical Writing Market Growth at 15.2% CAGR Through 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Artificial Intelligence (AI) In Medical Writing Market Size Growth Forecast: What to Expect by 2025?
The market size for artificial intelligence (AI) in medical writing has seen significant growth in recent years. It's projected to expand from $0.91 billion in 2024, reaching $1.06 billion in 2025, with a compound annual growth rate (CAGR) of 15.5%. The growth in the previous period is due to factors such as an increase in contract research organization outsourcing, a rise in the cost of medical writing, trade agreements and government policies, the complexity increase in the regulatory approval process, and a heightened demand for precise and trustworthy medical content.
How Will the Artificial Intelligence (AI) In Medical Writing Market Size Evolve and Grow by 2029?
Rapid expansion is anticipated for the artificial intelligence (AI) in medical writing market in the upcoming years. It's projected to augment to a value of $1.86 billion by 2029, with a compound annual growth rate (CAGR) of 15.2%. The projected growth during the forecast period can be credited to factors such as the conducive environment for clinical research, increased uptake of telemedicine and distant healthcare services, the expansion of digital infrastructure, increasing knowledge about the potential advantages of AI in healthcare, and the rising need for precise and trustworthy medical content. Key trends in the forecast period encompass progress in natural language processing (NLP) and machine learning algorithms, the adoption of machine learning (ML), the upsurge of digital health services, incorporation with nascent technologies, and advancements in clinical decision support systems.
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What Drivers Are Propelling the Growth of Artificial Intelligence (AI) In Medical Writing Market Forward?
The anticipated surge in the artificial intelligence (AI) in the medical writing market is largely due to the escalating demand for novel pharmaceutical drugs and therapies. This growing demand is fuelled by the persistent necessity to cater to overlooked medical requirements, tackle burgeoning diseases, fight against drug resistance, and enhance patient results via groundbreaking and superior treatments. The application of AI in medical writing in the realm of pharmaceutical production and drug manufacturing boosts efficiency, precision, and innovation, thus paving the way for the creation of safer and highly effective therapies for a range of medical issues. For instance, EFPIA, a European trade body representing the pharmaceutical industry, reported that in June 2023, the total pharmaceutical production in Europe rose to €340,000 million ($384,200 million) in 2022, marking about a 4.95% increase from its earlier standing at €323,950 million ($366,267 million) in 2021. Consequently, the burgeoning demand for new-age pharmaceutical drugs and therapies is set to bolster the growth of artificial intelligence in the medical writing sector.
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Which Emerging Trends Are Transforming the Artificial Intelligence (AI) In Medical Writing Market in 2025?
Principal organizations engaged in the AI medical writing market are prioritizing the incorporation of superior features like AI-Powered drafting to augment accuracy and productivity in document production and management for regulatory filings and medical communications. AI-powered drafting employs artificial intelligence protocols to autonomously generate preliminary drafts or blueprints of documents, utilizing machine learning and natural language processing to facilitate content creation tasks. As an illustration, in June 2024, pharmaceutical technology provider based in the US, TrialAssure, launched TrialAssure LINK AI 2.0. This advanced version allows pharmaceutical and biotech companies, clinical research organizations, and service providers to effectively develop regulatory and medical writing documents through AI. The solution automates the production of various clinical and technical documents, ranging from initial draft preparation to the final sign-off stages, thus simplifying the entire documentation process.
What Are the Key Segments in the Artificial Intelligence (AI) In Medical Writing Market?
The artificial intelligence (AI) in medical writing market covered in this report is segmented -
1) By Type: Clinical Writing, Type Writing, Scientific Writing, Other Types
2) By Application: Regulatory Documentation, Automated Literature Review, Language Translation, Pharmacovigilance, Content Modularization
3) By End Use: Medical Devices, Pharmaceutical, Biotechnology, Other End Users
Subsegments:
1) By Clinical Writing: Clinical Trial Documentation, Regulatory Submission Documents, Patient Narratives, Protocol Writing, Investigator Brochures
2) By Type Writing: Automated Transcription Services, AI-Based Text Generation For Medical Content, Document Formatting And Proofreading
3) By Scientific Writing: Research Papers, Literature Reviews, Manuscripts For Peer-Reviewed Journals, Grant Proposal Writing
4) By Other Types: Medical Marketing Content, Educational Materials (Patient Brochures, Guides), Healthcare Website Content, Medical Content For AI-Driven Chatbots Or Virtual Assistants
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Who Are the Key Players Shaping the Artificial Intelligence (AI) In Medical Writing Market's Competitive Landscape?
Major companies operating in the artificial intelligence (AI) in medical writing market are International Business Machines Corporation, IQVIA Holdings Inc., Icon PLC, Syneos Health Pvt Ltd, Parexel International Corporation, Veeva Systems, Cactus Communications, Tata Elxsi, Allucent Inc, Certara Inc, Freyr Solutions, Amplity Health, Indegen Limited, MMS Holdings Inc., Jasper AI Inc, Symbiance AI Inc, GenInvo Technologies Pvt. Ltd., Trilogy Writing & Consulting GmbH, Yseop S.A.S., Turacoz Healthcare Solution, Averbis GmbH, EMTEX Life Sciences, DeepCura AI, Dezzai Inc, Narrativa Inc
What Geographic Markets Are Powering Growth in the Artificial Intelligence (AI) In Medical Writing Market?
North America was the largest region in the artificial intelligence (AI) in medical writing market in 2024. The regions covered in the artificial intelligence (AI) in medical writing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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