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People are adopting artificial intelligence-driven platforms for more efficient data management and analysis.
According to Research and Markets, the global medical affairs outsourcing market will be worth US$1.85b in 2024 and is expected to reach US$2.83b by 2028, with a compound annual growth rate of 11.2%.
The industry's expansion is attributed to an increase in the number of patent expirations, advances in communications technology, and the rapid growth of the life sciences industry.
Additionally, the growing prevalence of infectious diseases is further driving the need for medical affairs outsourcing to support enhanced intervention and disease management.
Artificial intelligence-driven platforms are being adopted to enable more efficient data management and analysis, streamline clinical trial processes, and ensure compliance.
“Companies are adopting artificial intelligence-driven platforms to generate valuable insights through data analysis to inform decision-making and improve medical affairs strategies,” the report said.
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