Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The global healthcare regulatory affairs outsourcing market size attained a value of 8.05 billion in 2023. The market is expected to grow at a CAGR of 8.96% between 2024 and 2032, reaching almost 17.42 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Healthcare regulatory affairs outsourcing refers to the practice of engaging external service providers or consulting firms to handle regulatory affairs tasks and responsibilities on behalf of healthcare organizations. Regulatory affairs in the healthcare sector involve navigating and complying with the complex and evolving regulatory landscape that governs the development, manufacturing, and marketing of pharmaceuticals, medical devices, biotechnology products, and other healthcare-related items.
Life sciences companies are increasingly turning to digitization, which has led to changes in the way regulatory publishing and information are managed. These companies face significant constraints in terms of time and the volume of data that needs to be processed. The integration of artificial intelligence is expected to drive growth in this sector. Additionally, increased awareness of the benefits of outsourcing healthcare regulatory affairs is also driving the global healthcare regulatory affairs outsourcing market growth.
The rising number of clinical trials is a major contributor to market growth. This increase is due to the growing demand for research and development in various domains, including the development of new medicines requiring approval from the U.S. Food and Drug Administration. The demand for new treatment therapies and drugs to address various medical conditions is also driving market growth.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Market Breakup by Services
Market Breakup by Categories
Market Breakup by Region
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The market growth is expected to be driven by a surge in research and development expenditure due to a rising number of clinical trials, and the cost-effectiveness associated with outsourcing. The increasing investments in research and development by pharmaceutical and biotechnology companies are expected to be a key driver, stimulating the demand for regulatory services in the healthcare industry.
The market is further expected to be driven by the escalating outsourcing of clinical trial applications and product registrations. This trend expands across both developed and developing countries, particularly influencing the product registration and clinical trial application segment throughout the forecast period. The increased complexity in the product registration process, coupled with a shortage of industry professionals and internal capabilities, has led pharmaceutical and medical device companies to increasingly opt for third-party service providers for their product registration activities, propelling the global healthcare regulatory affairs outsourcing market growth.
Additionally, the market is characterized by several factors, including heightened R&D investments, a growing number of clinical trials, and the compelling cost advantages associated with outsourcing.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
Please note that this only represents a partial list of companies, and the complete list has been provided in the report.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Services |
|
Breakup by Categories |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The market attained a value of about USD 8.05 billion in 2023, driven by the increased FDA approvals.
The market is anticipated to grow at a CAGR of 8.96% during the forecast period of 2024-2032 and is likely to reach a market value of USD 17.42 billion by 2032.
The market growth is driven by the increased integration of advanced technologies in the procedure to process a huge amount of data.
The increasing number of research activities and the rapid development of the healthcare sector are the major factors driving the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.
Services such as regulatory consulting, legal representation, regulatory writing & publishing, product registration, and clinical trial applications are covered in healthcare regulatory affairs outsourcing.
The categories in the market include includes drugs, biologics, and medical devices.
Key players involved in the market are Accell Clinical Research, Takeda Pharmaceutical Company Limited, Genpact, Promedica International, WuXi AppTec, Inc., Covance, Inc., Medpace, Charles River Laboratories International, PAREXEL International Corp., and PRA Health Sciences.
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Pricing Plans
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124