Australia Medical Device Regulatory Affairs Market Size & Outlook
Australia medical device regulatory affairs market, 2018-2030 (US$M)
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Australia medical device regulatory affairs market highlights
- The Australia medical device regulatory affairs market generated a revenue of USD 119.7 million in 2023 and is expected to reach USD 227.4 million by 2030.
- The Australia market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
- In terms of segment, regulatory writing & publishing was the largest revenue generating services in 2023.
- Regulatory Consulting is the most lucrative services segment registering the fastest growth during the forecast period.
Medical device regulatory affairs market data book summary
| Market revenue in 2023 | USD 119.7 million |
| Market revenue in 2030 | USD 227.4 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Regulatory writing & publishing |
| Fastest growing segment | Regulatory Consulting |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Regulatory Consulting, Legal Representation, Regulatory Writing & Publishing, Product Registration & Clinical Trial Applications, Other Services |
| Key market players worldwide | Labcorp Holdings Inc, Icon PLC, IQVIA Holdings Inc, Intertek Group PLC, SGS AG, Promedica International, Integer Holdings Corp, Medpace Holdings Inc, Emergo Group, Freyr Solutions |
Other key industry trends
- In terms of revenue, Australia accounted for 1.8% of the global medical device regulatory affairs market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China medical device regulatory affairs market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,271.4 million by 2030.
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Medical Device Regulatory Affairs Market Scope
Medical Device Regulatory Affairs Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia medical device regulatory affairs market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical device regulatory affairs market will help companies and investors design strategic landscapes.
Regulatory writing & publishing was the largest segment with a revenue share of 53.8% in 2023. Horizon Databook has segmented the Australia medical device regulatory affairs market based on regulatory consulting, legal representation, regulatory writing & publishing, product registration & clinical trial applications, other services covering the revenue growth of each sub-segment from 2018 to 2030.
There is a high demand for a wide range of medical equipment in Australia. The market is very competitive and mature. The country's population expects superior-quality medical treatments, and there is a constant need for state-of-the-art medical products.
The demand for medical products and other healthcare services is projected to increase, owing to continuous technological developments, rapidly aging population, increasing burden of chronic diseases, and growing individual income.
Australia has one of the longest life expectancies across the globe & the demand for medical devices is expected to grow with an increase in the geriatric population. Opportunities exist for products that can provide a significant improvement in clinical outcomes.
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Our clientele includes a mix of medical device regulatory affairs market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia medical device regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into Australia medical device regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia medical device regulatory affairs market size, by services, 2018-2030 (US$M)
Australia Medical Device Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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