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Regulatory Affairs Outsourcing Market Size, Share, Growth And Global Forecast 2023-2032
Regulatory Affairs Outsourcing Market Report
The Business Research Company's Regulatory Affairs Outsourcing Global Market Report 2023 identifies the growth in R&D activities for new vaccines, therapeutics, and medical devices as the major driver for the regulatory affairs outsourcing market's growth in the forecast period. The companies operating in the medical device, pharmaceutical, and biotechnological sectors are increasingly investing in R&D activities to develop innovative products and expand their business across the globe. Additionally, these companies are inkling toward outsourcing regulatory affairs to reduce the operational costs and increase the speed of the regulatory process by utilizing professionals involved in it.
The global regulatory affairs outsourcing market size will grow from $6.92 billion in 2022 to $7.75 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global regulatory affairs outsourcing industry is expected to grow to $12.41 billion in 2027 at a CAGR of 12.5%.
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Major competitors in the regulatory affairs outsourcing market are Accell Clinical Research, LLC, Certara, L.P., Charles River Laboratories International, Inc., Clinilabs Inc.,
A key trend in the regulatory affairs outsourcing market includes the advent of efficient software. Key players operating in the regulatory affairs outsourcing market are focusing on developing efficient software that keeps the record of regulatory affairs. For instance, in December 2021, SureClinical, a provider of health science cloud applications and services, launched new Eclinical Ecosystem ECO Applications and Platform Bundle. With the ECO Bundle, clinical research organizations can connect people, projects, programs, and processes everywhere for a single clinical view. In addition to project management, document management, site management, and quality management, the ECO bundle also supports multiple audits and centralized data and documents.
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The regulatory affairs outsourcing market is segmented -
•By Service: Legal Representation, Regulatory Consulting, Product Registration & Clinical Trial Application, Regulatory Writing & Publication, Other Services
•By Indication: Neurology, Oncology, Immunology, Cardiology, Other Indications
•By Category: Biologics, Drugs, Medical Devices, By Company Size: Small, Medium, Large
•By End User: Medical Device Company, Biotechnology Company, Pharmaceutical Company
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the regulatory affairs outsourcing market.
The Business Research Company's "Global Regulatory Affairs Outsourcing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Regulatory Affairs Outsourcing Market Include:
1. Executive Summary
2. Regulatory Affairs Outsourcing Market Characteristics
3. Regulatory Affairs Outsourcing Market Trends And Strategies
4. Regulatory Affairs Outsourcing - Macro Economic Scenario
5. Regulatory Affairs Outsourcing Market Size And Growth
……
26. Africa Regulatory Affairs Outsourcing Market
27. Regulatory Affairs Outsourcing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Regulatory Affairs Outsourcing Market
29. Regulatory Affairs Outsourcing Market Future Outlook and Potential Analysis
30. Appendix
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