Saudi Arabia Medical Device Regulatory Affairs Market Size & Outlook
Saudi Arabia medical device regulatory affairs market, 2018-2030 (US$M)
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Saudi Arabia medical device regulatory affairs market highlights
- The Saudi Arabia medical device regulatory affairs market generated a revenue of USD 44.4 million in 2023 and is expected to reach USD 79.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.6% 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 44.4 million |
| Market revenue in 2030 | USD 79.3 million |
| Growth rate | 8.6% (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, Saudi Arabia accounted for 0.7% 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 |
|---|
Saudi Arabia 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 53.15% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
The availability of world-class healthcare infrastructure and increase in the number of industry experts trained rapidly are supporting the market in Saudi Arabia. Saudi Arabia's medical device approval process is not as stringent as that of developed countries.
This is expected to improve the interest of medical device companies to enter the market, thus boosting competition in Saudi Arabia market. Some key players operating in the country are NSF International, Freyr, Maetrics, SGS Saudi Arabia, and Plexus Regulatory Services.
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Target buyers of Saudi Arabia 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 Saudi Arabia medical device regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia medical device regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia medical device regulatory affairs market size, by services, 2018-2030 (US$M)
Saudi Arabia Medical Device Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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