China Pharmaceutical Regulatory Affairs Market Size & Outlook
China pharmaceutical regulatory affairs market, 2018-2030 (US$M)
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China pharmaceutical regulatory affairs market highlights
- The China pharmaceutical regulatory affairs market generated a revenue of USD 517.2 million in 2023 and is expected to reach USD 919.3 million by 2030.
- The China 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.
- Legal Representation is the most lucrative services segment registering the fastest growth during the forecast period.
Pharmaceutical regulatory affairs market data book summary
| Market revenue in 2023 | USD 517.2 million |
| Market revenue in 2030 | USD 919.3 million |
| Growth rate | 8.6% (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, IQVIA Holdings Inc, Icon PLC, Wuxi AppTec Co Ltd, Charles River Laboratories International Inc, Cencora Inc, Pharmexon, Genpact Ltd, Freyr Solutions, PAREXEL |
Other key industry trends
- In terms of revenue, China accounted for 10.2% of the global pharmaceutical regulatory affairs market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan pharmaceutical regulatory affairs market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 698.2 million by 2030.
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Pharmaceutical Regulatory Affairs Market Scope
Pharmaceutical Regulatory Affairs Market Companies
| Name | Profile | # Employees | HQ | Website |
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China pharmaceutical 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 pharmaceutical regulatory affairs market will help companies and investors design strategic landscapes.
Regulatory writing & publishing was the largest segment with a revenue share of 36.54% in 2023. Horizon Databook has segmented the China pharmaceutical 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.
China is one of the most attractive markets for the biopharmaceutical industry. The growing geriatric population and a large pool of middle-income group population are increasing the demand for innovative and cost-effective medicines, which is expected to attract major biopharmaceutical and medical device companies.
Seeking approval for new drugs is a primary challenge faced by biopharmaceutical companies, as a clinical trial application process requires 12 to 24 months. In contrast, approval process may require more than 6 years. Along with national approvals, the new drug requires approval at the provincial and/or city level, which may require additional 4 to 5 years.
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Target buyers of China pharmaceutical regulatory affairs market databook
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Our clientele includes a mix of pharmaceutical 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 China pharmaceutical regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into China pharmaceutical regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China pharmaceutical regulatory affairs market size, by services, 2018-2030 (US$M)
China Pharmaceutical Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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