Kuwait Medical Device Regulatory Affairs Market Size & Outlook
Kuwait medical device regulatory affairs market, 2018-2030 (US$M)
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Kuwait medical device regulatory affairs market highlights
- The Kuwait medical device regulatory affairs market generated a revenue of USD 11.5 million in 2023 and is expected to reach USD 16.8 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 5.6% 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 11.5 million |
| Market revenue in 2030 | USD 16.8 million |
| Growth rate | 5.6% (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, Kuwait accounted for 0.2% 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 Middle East & Africa, South Africa medical device regulatory affairs market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 177.8 million by 2030.
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Medical Device Regulatory Affairs Market Scope
Medical Device Regulatory Affairs Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait 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 53.04% in 2023. Horizon Databook has segmented the Kuwait 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.
Changes in medical regulations and requirements in Kuwait and compliance with international standards are expected to affect the need for administrative services. Manufacturers have to ensure that their products meet Kuwait's specific requirements.
Moreover, the overall growth of Kuwait's healthcare and medical equipment sector is expected to increase the demand for regulatory services. The expansion of the medical industry often means using more medical equipment that must comply with regulations.
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Target buyers of Kuwait medical device regulatory affairs market databook
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Kuwait medical device regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait medical device regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait medical device regulatory affairs market size, by services, 2018-2030 (US$M)
Kuwait Medical Device Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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