Canada Medical Device Regulatory Affairs Market Size & Outlook
Canada medical device regulatory affairs market, 2018-2030 (US$M)
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Canada medical device regulatory affairs market highlights
- The Canada medical device regulatory affairs market generated a revenue of USD 170.2 million in 2023 and is expected to reach USD 294.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, regulatory writing & publishing was the largest revenue generating services in 2023.
- Legal Representation 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 170.2 million |
| Market revenue in 2030 | USD 294.7 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Regulatory writing & publishing |
| Fastest growing segment | Legal Representation |
| 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, Canada accounted for 2.6% 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 North America, U.S. medical device regulatory affairs market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,326.4 million by 2030.
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Medical Device Regulatory Affairs Market Scope
Medical Device Regulatory Affairs Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 36.49% in 2023. Horizon Databook has segmented the Canada 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.
Canada's Medical Device Regulatory Affairs market is highly competitive, with several key players operating in the country. Global Regulatory Partners, Freyr, and MedReg Consulting, Inc. are among the major players operating in the region.
These players compete on factors such as efficiency, reliability, transparency, and cost-effectiveness to attract & retain clients. The transformation and modernization of the healthcare sector to keep pace with the scientific innovations in Canada is expected to contribute to the market growth.
Government initiatives to prevent false attestations about regulatory procedures and efforts to overcome the shortage of medical devices due to COVID-19 are leading to the growth of the medical device regulatory affairs market. However, unsustainable regulations are expected to hamper the growth of the market.
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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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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 Canada medical device regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into Canada medical device regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada medical device regulatory affairs market size, by services, 2018-2030 (US$M)
Canada Medical Device Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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