Middle East & Africa Pharmaceutical Regulatory Affairs Market Size & Outlook
Middle East & Africa pharmaceutical regulatory affairs market, 2018-2030 (US$M)
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MEA pharmaceutical regulatory affairs market highlights
- The MEA pharmaceutical regulatory affairs market generated a revenue of USD 192.2 million in 2023.
- The market is expected to grow at a CAGR of 7% 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 192.2 million |
| Market revenue in 2030 | USD 307.8 million |
| Growth rate | 7% (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, MEA region accounted for 3.8% 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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Middle East & Africa 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 36.58% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
According to a report by Convention on Pharmaceutical Ingredients (CPHI), Middle East & North Africa is one of the emerging regions in the pharmaceutical sector. The growing population and increasing government efforts to improve access to healthcare are expected to attract global biopharmaceutical and medical companies into this market, contributing to the demand for pharmaceutical regulatory affairs services.
MEA accounts for around 6.0% of the total number of clinical trial applications, and this number is expected to grow as an increasing number of biopharmaceutical & medical device companies outsource clinical trials due to technological advancements, cost-effectiveness, and easy patient recruitment process. This is expected to contribute to the rising demand for pharmaceutical regulatory affairs services.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa pharmaceutical regulatory affairs market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa pharmaceutical regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA pharmaceutical regulatory affairs market size, by country, 2018-2030 (US$M)
Middle East & Africa Pharmaceutical Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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