Chile Regulatory Affairs Market Size & Outlook, 2023-2030
Chile regulatory affairs market, 2018-2030 (US$M)
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Chile regulatory affairs market highlights
- The Chile regulatory affairs market generated a revenue of USD 31.1 million in 2023 and is expected to reach USD 54.4 million by 2030.
- The Chile market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, outsourcing was the largest revenue generating type in 2023.
- Outsourcing is the most lucrative type segment registering the fastest growth during the forecast period.
Regulatory affairs market data book summary
| Market revenue in 2023 | USD 31.1 million |
| Market revenue in 2030 | USD 54.4 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Outsourcing |
| Fastest growing segment | Outsourcing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | In-house, Outsourcing |
| Key market players worldwide | Genpact Ltd, Criterium Inc., Icon PLC, Wuxi AppTec Co Ltd, Medpace Holdings Inc, Charles River Laboratories International Inc, Labcorp Holdings Inc, FREYR Battery Inc, Pharmexon, Cambridge Design Partnership, Voisin Consulting Life Sciences, Accell, PAREXEL, Promedica International, PharmaLex, NDA Regulatory Service GmbH, QVigilance, BlueReg Group |
Other key industry trends
- In terms of revenue, Chile accounted for 0.2% of the global 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 regulatory affairs market is projected to lead the regional market in terms of revenue in 2030.
- Chile is the fastest growing regional market in Latin America and is projected to reach USD 54.4 million by 2030.
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Regulatory Affairs Market Scope
Regulatory Affairs Market Companies
| Name | Profile | # Employees | HQ | Website |
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Chile 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 regulatory affairs market will help companies and investors design strategic landscapes.
Outsourcing was the largest segment with a revenue share of 58.2% in 2023. Horizon Databook has segmented the Chile regulatory affairs market based on in-house, outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
In Chile, Public Health Institute and the Ministry of Health are the two major regulatory authorities, which are responsible for the enforcement of regulations for pharmaceutical products, biologicals, & medical devices.
The pharmaceutical & biotechnology products and medical devices are governed by the Sanitary Code and require sanitary registration (i.e., marketing authorization) to be imported, distributed, and/or used for any purpose in the country.
Chile has a well-organized, effectively governed health system & infrastructure and has introduced several reforms to meet the country’s medical needs. Since the implementation of the United States–Chile Free Trade Agreement in 2004, majority of medical devices can enter the country duty free with U.S. certificate of origin.
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Horizon Databook provides a detailed overview of country-level data and insights on the Chile regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into Chile regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Chile regulatory affairs market size, by type, 2018-2030 (US$M)
Chile Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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