Latin America Medical Device Regulatory Affairs Market Size & Outlook
Latin America medical device regulatory affairs market, 2018-2030 (US$M)
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Latin America medical device regulatory affairs market highlights
- The Latin America medical device regulatory affairs market generated a revenue of USD 359.2 million in 2023.
- The market is expected to grow at a CAGR of 8.8% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 359.2 million |
| Market revenue in 2030 | USD 647.0 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Regulatory writing & publishing |
| Fastest growing segment | Regulatory Consulting |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 5.5% of the global medical device regulatory affairs market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,191.6 million by 2030.
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Medical Device Regulatory Affairs Market Scope
Medical Device Regulatory Affairs Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 53.29% in 2023. Horizon Databook has segmented the Latin America 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.
Latin America's medical device regulatory affairs market is growing owing to rise in the number of new entrants venturing into the medical device market in the region. Brazil, Mexico, Colombia, Venezuela, and Argentina are driving the growth of the medical device market in Latin America.
The market is expected to showcase significant growth during the forecast period owing to an increase in the number of medical device companies venturing into this region, which is anticipated to drive the demand for regulatory and quality assurance, thereby contributing to the growth of the medical device regulatory affairs 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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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 continent-level data and insights on the Latin America medical device regulatory affairs market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical device regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America medical device regulatory affairs market size, by country, 2018-2030 (US$M)
Latin America Medical Device Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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