Medical Affairs Outsourcing Market, 2027
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Medical Science Liaisons (MSLs) Segment to Grow at Highest CAGR During 2020-2027
Medical Affairs Outsourcing Market is expected to reach US$ 3,287.12 million by 2027 from US$ 1,415.00 million in 2019. It is estimated to grow at a CAGR of 11.2% from 2020 to 2027.
The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth. Factors such as increasing number of clinical trials and rising adoption of outsourcing activities coupled with increasing R&D expenditures across the world are driving the market growth. However, increasing costs of drug development and clinical trials hinder the market growth.