With the emergence and long-term Impact of COVID-19, Global AI in Medical Writing Market to reach USD 1764.90 million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global AI in Medical Writing Market points towards a potential rise to USD 1764.90 million by 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. AI in Medical Writing Market is expanding because of factors such as the rising developments in Natural Language Processing and Machine Learning, high availability of healthcare data, rise in adoption of cloud computing, and regulatory compliance and standardization.
Geographically, the global AI in Medical Writing market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). 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.
The global AI in Medical Writing market is highly competitive owing to the presence of several key players such as Parexel International Corporation Trilogy Writing & Consulting GmbH Freyr Solutions Cactus Communications GENINVO International Business Machines Corporation Elsevier Articulate Science Averbis GmbH Quertle, and others.
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Key findings of the study suggest:
- Global AI in Medical Writing Market is anticipated to grow with a healthy growth rate of more than 12.44% over the forecast period 2023-2030.
- In the Type segment, Type Writing emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to rapid digitalization in the healthcare sector in the region.
- Asia Pacific is expected to grow at higher rate owing to surging demand for personalized medicine in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Type:
- Clinical Writing
- Type Writing
- Scientific Writing
- Others
By End-use:
- Medical Devices
- Pharmaceutical
- Biotechnology
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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