Press release
Global Regulatory Affairs Outsourcing Market to Witness Strong Growth and High Competition among Key Players | Quintiles Transnational, ICON plc, Pharmaceutical Product Development, PAREXEL
Outsourcing is an integral part of any pharmaceutical and biotechnology companies’ value chain during the phase of research and development. Increase in competition among life sciences companies is encouraging market players to outsource clinical trial activities to accelerate their approval process and gain a competitive edge in the market. Also, a significant rise in drug development studies conducted in emerging economies has fueled the demand for outsourcing activities in regulatory services, providing a healthy platform for this industry development.
Furthermore, associated benefits with outsourcing activities further stimulate the market growth. For example, regulatory outsourcing consultants are familiar with clinical regulations, preparing submissions, dossier requirements, quality systems and labeling which can improve company’s regulatory strategy and often save time and money. However, the risk associated with data security coupled with lack of standardization is a major challenge as organizations are outsourcing their regulatory functions to offshore regions like the Asia Pacific and Latin America.
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Key Takeaway:
- In 2017, regulatory writing and publishing segment captured the highest share, USD 1.6 billion during the same year.
- Legal representation segment witnessed positive growth from 2017 to 2025, amounting 702.5 million in 2017.
- Asia Pacific region is considered to be the fastest growing, at a 15.2% CAGR versus North America’s 10.8% from 2017 to 2025.
- North America captured 20.98% share of the overall market. Regulatory approval procedures are becoming more stringent and time-consuming in these regions thus, slow down the industry growth to some extent.
- Strategic collaboration with pharmaceutical companies to provide pharmaceutical research services helped the key player to capture significant revenue share. For instance, in July 2016, ICON plc collaborated with Mereo Biopharma Group plc, a specialty biopharmaceutical company, to become an exclusive provider of drug development services to Mereo BioPharma. Through this engagement, the company is aimed to expand its product offerings.
Click here to obtain more highlight on on “Regulatory Affairs Outsourcing Market, By Service and Geography – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025” at
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The scope of this report covers the market by its major segments, as follows:
Market, by Service:
- Regulatory Writing & Publishing
- Regulatory Consulting
- Clinical Trial & Product Registration
- Legal Representation
Market, by Region:
- North America (U.S., Canada)
- Europe (Germany, France)
- Asia Pacific (India, and China)
- Latin America
- Middle East and Africa
- Rest of the World
Key benefits of the report:
• The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• A thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments
Research Methodology:
- Preliminary Data Mining: Secondary Research, Paid Databases, Primary Research
- Data Synthesis & Analysis: Top-Down Approach, Bottom-Up Approach, Supply Side and Demand Side
- Market Formulation: Market Dynamics, Total Addressable Market and Machine Learning Technique
- Data Verification: Quality Assurance and Reach a Conclusion
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About AnalystView Market Insights
AnalystView Market Insights is a market research and consulting firm that adopts a proactive approach to provide the diverse need for accurate and precise market research, custom research, and consulting solutions across geographies and industry verticals. We strive to develop meaningful and evidence-based research data that helps our clients, empowering organizations and brands of all sizes with strategic analysis, accurate data, and consumer trends for various industries such as Healthcare, Bulk Chemicals, Semiconductors, Electronics, and Foods and Beverages.
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