Regulatory Affairs Market Analysis, Size, Growth, Share, Trend, Forecast 2022 – 2030
Regulatory Affairs Market Growth & Trends
The global regulatory affairs market size is expected to reach USD 27.0 billion by 2030, registering a CAGR of 8.7% over the forecast years, according to a new report by Grand View Research, Inc. The factors expected to contribute to the growth of this market include changing regulatory requirements based on business activities and geographies, an increase in clinical trials & drug approvals along with accelerated regulatory approval, and technological advancement in regulatory software. Also, the evolution of personalized medicines, the increasing need for companies to focus on core business activities, and economic and competitive pressures are other factors that are contributing to the growth of the market. The global market showed lucrative growth during the COVID-19 pandemic. The pharmaceutical and regulatory agencies joined forces to rapidly develop vaccines and medical products required to fight against COVID-19. The regulatory authorities take numerous precautions to ensure patient and personnel safety during a clinical trial, as well as data integrity and good laboratory practices, are maintained. Growth in markets for biosimilars, orphan drugs, personalized medicines, companion diagnostics, and adaptive trial designs are projected to boost the demand for regulatory specialization in these areas. As companies venture into newer fields, the growing need to comply with regulations is boosting the demand for specialized service providers with expertise in regulatory affairs. Patent
expiration of biologics, such as Simulect, Vectibix, Mircera, and Kineret, is increasing the demand and development of biosimilars, thereby contributing to the demand for regulatory services in this segment.
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Regulatory
Affairs Market Report Highlights
The regulatory writing & publishing segment dominated the market in 2021 due to an increase in the outsourcing of these services by large- and mid-size medical device and biopharmaceutical companies
Based on indications, the oncology segment accounted for the largest revenue share in 2021. The segment share is attributed to the high prevalence of cancer, which is creating the need for safe and effective treatments
Based on end-uses, the pharmaceutical companies segment accounted for the largest market share in 2021. A rise in the number of approved pharmaceutical products is the key factor responsible for the segment’s growth
Asia Pacific is projected to witness the fastest growth rate during the forecast period on account of the improved regulatory landscape and growing venture activities by biopharmaceutical companies
Regulatory Affairs Market Segmentation
GrandViewResearchhassegmentedtheglobalregulatoryaffairsmarketbasedon services,category,indication,productstage,serviceprovider,companysize,end-use, andregion
Regulatory Affairs Services Outlook (Revenue, USD Million, 2018 - 2030)
RegulatoryConsulting
LegalRepresentation
ProductRegistration&ClinicalTrialApplications
OtherServices
Regulatory Affairs Category Outlook (Revenue, USD Million, 2018 - 2030)
o PostMarket
o Generics o Preclinical o Clinical o PostMarket
Biologics
o Biotech o Preclinical o Clinical o PostMarket o ATMP o Preclinical o Clinical o PostMarket o Biosimilars o Preclinical o Clinical o PostMarket
MedicalDevices o Diagnostics o Preclinical o Clinical o PostMarket o Therapeutics o Preclinical o Clinical o PostMarket
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Regulatory Affairs Indication Outlook (Revenue, USD Million, 2018 - 2030)
Oncology
Neurology
Cardiology
Immunology
Others
Regulatory Affairs Product Stage Outlook (Revenue, USD Million, 2018 - 2030)
Preclinical
Clinicalstudies
PMA
Regulatory Affairs Service Provider Outlook (Revenue, USD Million, 2018 - 2030)
In-house
Regulatory Affairs Company Size Outlook (Revenue, USD Million, 2018 - 2030)
Regulatory Affairs End-use Outlook (Revenue, USD Million, 2018 - 2030)
MedicalDeviceCompanies
PharmaceuticalCompanies
BiotechnologyCompanies
Regulatory Affairs Regional Outlook (Revenue, USD Million, 2018 - 2030)
NorthAmerica o U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
o Russia o Turkey o TheNetherlands o Switzerland o Sweden
AsiaPacific o Japan o China o India o Australia o SouthKorea o Indonesia o Malaysia o Singapore o Thailand o Taiwan
LatinAmerica o Brazil o Mexico o Argentina o Colombia o Chile
MiddleEast&Africa o SouthAfrica o SaudiArabia o UAE o Egypt o Israel
List of Kay Players of Regulatory Affairs Market
AccellClinicalResearch,LLC
Genpact
Criterium,Inc.
PRAHealthSciences
PromedicaInternational
WuXiAppTec,Inc.
Medpace
CharlesRiverLaboratoriesInternational,Inc.
ICONplc
Covance,Inc.
PAREXELInternationalCorp.,Inc.
Freyr
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Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.