Global Medical Publishing Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Medical Publishing Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Medical publishing refers to the process of disseminating scientific research, clinical research, and healthcare-related information through various forms of publications. Medical publishing includes multiple formats such as journals, case studies, databases, and clinical research tools, etc. The population covered by medical publishing includes students working in the healthcare industry, medical professionals, and medical writers. Medical publishing plays a key role in advancing medical knowledge, promoting evidence-based practice, and fostering collaboration among the medical and scientific communities.

Market Overview:

The latest research study on the global Medical Publishing market finds that the global Medical Publishing market reached a value of USD 14656.91 million in 2023. It’s expected that the market will achieve USD 17501.69 million by 2029, exhibiting a CAGR of 3.0% during the forecast period.

BroadcastMed Expands Global Presence with Acquisition of Texere Publishing Ltd.

June 12, 2023

BroadcastMed proudly announces the acquisition of Texere Publishing Ltd., an esteemed leader providing B2B media services to audiences in the UK, Europe, and the US. This strategic move underscores BroadcastMed's unwavering commitment being the leading healthcare marketplace to provide trusted clinical content, powerful engagement and industry insights to healthcare professionals, medical institutions and manufacturers, service providers, and pharmaceutical companies.

With this acquisition, BroadcastMed expands its total reach to over 3 million healthcare professionals across 16 adult specialties and 10 pediatric specialties worldwide. The official announcement was made today, supported by the strategic partnership with growth capital firm 424 Capital.

The importance of medical publishing

Medical publishing begins with researchers conducting studies, analyzing data, and drawing conclusions. The findings are then prepared as a manuscript and undergo a rigorous peer review process to ensure that the published work meets standards. Once accepted, the manuscript will be edited, formatted, and published by a medical publisher. They are then made available to the medical community through academic journals, databases, and online platforms. There are approximately 30,000 medical journals published worldwide, but only a few are household names. Doctors, scientists, and medical students make up the primary readers of medical journals, but medical journals can be read by anyone who is curious enough and can understand complex scientific terms and concepts. The main goal of most medical journals is to improve health care by publishing sound scientific articles (research papers and practice papers) and focusing on topics of great importance to their readers. Secondary goals include improving impact factors and breaking hot medical news. Some medical journals are owned by medical societies and other health-focused organizations. However, most medical journals are published by a handful of large commercial publishers. Therefore, the medical publishing industry needs to increase revenue and obtain external financial support.

There are many benefits to conducting and publishing research for medical publication. For publishers, this process is an opportunity to explore interests, develop data analysis and writing skills, and the ability to critically interpret articles. Excellent medical publishing can also help publishers build successful medical careers. For journal readers, medicine may be the scientific discipline in which knowledge moves at the fastest speed, with an immediate impact on clinical care practice and guidelines. Therefore, a clear advantage of staying current with the medical literature is the continuous improvement of patient care. Medical professionals are often required to take continuing medical education (CME) to maintain their license. Medical journals are a useful source of CME activities that help physicians earn credit and learn new information. Medical journals help exchange information between researchers, doctors, and experts around the world and help build a sense of community among medical professionals. Medical journals are also used as teaching tools. They are the cornerstone of educating medical students about a range of diseases, treatments, and research techniques. Additionally, many healthcare organizations choose to launch their publications. Healthcare organizations are finding that publishing their research gives them more control over published work and draws attention to smaller studies that might otherwise go unnoticed. An internal journal will also enhance the overall brand and image of the healthcare organization. The medical publishing market is growing steadily as more healthcare professionals and researchers recognize the importance of medical publishing for career advancement.

Aging population increases global disease burden

WHO estimates that by 2030, 1 in 6 people in the world will be 60 years or older. At this time, the proportion of people aged 60 and above will increase from 1 billion in 2020 to 1.4 billion. Despite progress in overall health, WHO said rising deaths from non-communicable diseases mean that by around 2050 cardiovascular disease, cancer, diabetes, and respiratory diseases will increase if trends continue Other chronic diseases will account for 86% of the 90 million people. As the population ages, the number of adults with chronic diseases is expected to increase. The elderly population is more susceptible to various chronic diseases, such as cardiovascular, musculoskeletal, and neurological diseases. Nearly 95% of people suffer from at least one chronic condition, and nearly 80% suffer from two or more. The prevalence and cost of chronic diseases are growing and will continue to grow in the United States. This is not only a result of the aging baby boom generation but also the increasing prevalence of disease in children and young adults. Higher medical costs and a lower ability to participate in the workforce or earn a living wage due to chronic disease can worsen the quality of life for a person and their family members, resulting in significant indirect costs. The costs associated with chronic diseases also place a significant financial burden on public resources and impede economic growth. Medical journals that study chronic disease aim to prevent chronic disease and control its impact on quality of life, morbidity, and mortality. Medical journals also assist policymakers and public health practitioners in developing, implementing, and evaluating interventions. Overall, the global burden of chronic diseases such as cardiovascular disease, cancer, and diabetes is one of the major drivers of the medical publishing market.

Region Overview:

In 2022, the share of the Medical Publishing market in North America stood at 43.95%.

Company Overview:

The major players operating in the Medical Publishing market include RELX Group Plc, Wolters Kluwer NV., Springer, John Wiley & Sons, Inc., Taylor & Francis, etc. Among which, RELX Group Plc ranked top in terms of sales and revenue in 2023.

RELX is a global provider of information-based analysis and decision-making tools to professional and business customers, enabling them to make better decisions, achieve better results, and work more efficiently.

RELX's purpose is to benefit society by developing products that help researchers advance scientific knowledge; doctors and nurses improve the lives of patients; lawyers promote the rule of law and achieve just and fair outcomes for clients; businesses and governments prevent fraud; and consumers access financial services. and receive fair insurance prices; customers understand the market and complete transactions.

Segmentation Overview:

By type, Subscription-based model segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Online Services segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Medical Publishing market covered in Chapter 3:

IGAKU-SHOIN Ltd.
People's Medical Publishing House Co., Ltd.
Wolters Kluwer NV.
Springer
Sage
John Wiley & Sons, Inc.
RELX Group Plc
Thieme
IBM Corp.
Taylor & Francis
Jaypee

In Chapter 4 and Chapter 14.2, on the basis of types, the Medical Publishing market from 2019 to 2030 is primarily split into:

Open access model
Subscription-based model

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Medical Publishing market from 2019 to 2030 covers:

Journals
E-books
Print books
Online Services

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)