Latin America Pharmaceutical Regulatory Affairs Market Size & Outlook
Latin America pharmaceutical regulatory affairs market, 2018-2030 (US$M)
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Latin America pharmaceutical regulatory affairs market highlights
- The Latin America pharmaceutical regulatory affairs market generated a revenue of USD 244.0 million in 2023.
- The market is expected to grow at a CAGR of 7.3% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 244.0 million |
| Market revenue in 2030 | USD 399.7 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Regulatory writing & publishing |
| Fastest growing segment | Legal Representation |
| 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, 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, Latin America region accounted for 4.8% of the global pharmaceutical 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 3,321.5 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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Latin America 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 36.52% in 2023. Horizon Databook has segmented the Latin America 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.
Latin America is one of the fastest growing regions for pharmaceutical regulatory affairs market, followed by Asia Pacific. Growth in the region is due to the cost-effectiveness, increasing number of clinical trials, and rising number of new entrants venturing into the pharmaceutical market.
Furthermore, Brazil, Mexico, Venezuela, and Argentina are driving the growth in Latin America life sciences market. The market is expected to showcase significant growth during the forecast period owing to the increasing number of biopharmaceutical companies venturing into this region.
This is anticipated to drive the demand for regulatory services, contributing to pharmaceutical regulatory affairs market growth. In addition, its geographic placement, in being strategically close to the U.S. market, is another factor attracting outsourcing in this region. The presence of CROs and regulatory service providers is also expected to increase considerably, which is further driving the growth of pharmaceutical regulatory affairs market.
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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 continent-level data and insights on the Latin America pharmaceutical regulatory affairs market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America pharmaceutical regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America pharmaceutical regulatory affairs market size, by country, 2018-2030 (US$M)
Latin America Pharmaceutical Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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