LONDON--(BUSINESS WIRE)--Aug 14, 2019--

The global medical publishing market is expected to post a CAGR of more than 3% during the period 2019-2023, according to the latest market research report by Technavio. However, the market’s momentum will decelerate in the coming years because of the decrease in year-over-year growth.

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Technavio has published a new market research report on the global medical publishing market during 2019-2023. (Graphic: Business Wire)

The popularity of digital publishing has increased significantly over the years, owing to benefits such as reduced costs, wider reach, and targeted marketing strategies. Digital publishing is also increasingly being adopted by medical publishing companies to provide online access to the medical content they publish. Thus, the adoption of digital publishing is increasing among medical researchers and medical publishers, which will have a significant impact on the medical publishing market growth during the forecast period.

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As per Technavio, the transition toward the OA publishing model will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Medical Publishing Market: Transition toward OA Publishing Model

The preference for OA model over traditional subscription-based publishing has increased significantly because of benefits such as easy access and inexpensive business model. Subscription-based publication limits users from accessing research publications because of the expensive journal subscription fee. There are many advantages of adopting OA models, such as knowledge enhancement, improved patient care, and access to information about new developments. Thus, the transition toward the OA publishing model will be one of the key medical publishing market trends that will fuel growth during the forecast period.

“Factors such as the increasing use of general-purpose search engines and the growing number of acquisitions and partnerships will have a significant impact on the medical publishing market growth during the forecast period,” says a senior analyst at Technavio.

Global Medical Publishing Market: Segmentation Analysis

This market research report segments the global medical publishing market by product (journals, print books, and e-books), and geographic regions (North America, Europe, APAC, South America, and MEA).

The North American region led the medical publishing market in 2018, followed by Europe, APAC, South America, and MEA, respectively. The growth of the medical publishing market share in North America can be attributed to factors such as the growing investments in medical research and trials, and the presence of many universities with a vast medical research background.

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Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

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CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: PUBLISHING GENERAL HEALTH HEALTH COMMUNICATIONS

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 08/14/2019 08:00 AM/DISC: 08/14/2019 08:01 AM

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