South Africa Medical Device Regulatory Affairs Market Size & Outlook
South Africa medical device regulatory affairs market, 2018-2030 (US$M)
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South Africa medical device regulatory affairs market highlights
- The South Africa medical device regulatory affairs market generated a revenue of USD 97.8 million in 2023 and is expected to reach USD 177.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.9% 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 97.8 million |
| Market revenue in 2030 | USD 177.8 million |
| Growth rate | 8.9% (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, South Africa accounted for 1.5% 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 |
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South Africa 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 53.17% in 2023. Horizon Databook has segmented the South Africa 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.
Various government initiatives, such as tax breaks, R&D credit, and the establishment of the South African Health Products Regulatory Authority (SAHPRA), are expected to increase foreign investments & collaborations in the country.
According to a report published by the South African Medical Research Council, in 2022, medical device R&D in the country was very low; it was less than 1.0% compared to the industry's total revenue in South Africa. However, a range of incentives available for medical device innovators in the country is expected to support the market growth during the forecast period.
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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 South Africa medical device regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into South Africa medical device regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa medical device regulatory affairs market size, by services, 2018-2030 (US$M)
South Africa Medical Device Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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