Mexico Pharmaceutical Regulatory Affairs Market Size & Outlook
Mexico pharmaceutical regulatory affairs market, 2018-2030 (US$M)
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Mexico pharmaceutical regulatory affairs market highlights
- The Mexico pharmaceutical regulatory affairs market generated a revenue of USD 73.4 million in 2023 and is expected to reach USD 125.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, regulatory consulting 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 73.4 million |
| Market revenue in 2030 | USD 125.4 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Regulatory consulting |
| 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, Mexico accounted for 1.4% 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 Latin America, Brazil pharmaceutical regulatory affairs market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 125.4 million by 2030.
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Pharmaceutical Regulatory Affairs Market Scope
Pharmaceutical Regulatory Affairs Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 consulting was the largest segment with a revenue share of 34.88% in 2023. Horizon Databook has segmented the Mexico 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 the Wisconsin Economic Development Corporation, Mexico is the second largest pharmaceutical market in Latin America. It is expected to showcase significant growth in the pharmaceutical regulatory affairs market.
The Wisconsin Economic Development Corporation estimates pharmaceutical sales in Mexico will reach USD 13 billion by 2028. Low cost of manufacturing is expected to attract global biopharmaceutical companies, thereby increasing the demand for regulatory affairs services.
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Target buyers of Mexico 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 Mexico pharmaceutical regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into Mexico pharmaceutical regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico pharmaceutical regulatory affairs market size, by services, 2018-2030 (US$M)
Mexico Pharmaceutical Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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