Colombia Regulatory Affairs Market Size & Outlook
Colombia regulatory affairs market, 2018-2030 (US$M)
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Colombia regulatory affairs market highlights
- The Colombia regulatory affairs market generated a revenue of USD 57.2 million in 2023 and is expected to reach USD 98.5 million by 2030.
- The Colombia market is expected to grow at a CAGR of 8.1% 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 57.2 million |
| Market revenue in 2030 | USD 98.5 million |
| Growth rate | 8.1% (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, Colombia accounted for 0.4% 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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Colombia 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 58.04% in 2023. Horizon Databook has segmented the Colombia regulatory affairs market based on in-house, outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
According to Instituto Nacional de Vigilance de Medica mentos y Alimentos, Columbia, as of 2015, had 1,445 certified medical device importers and 254 medical equipment manufacturers, constituting medical device outsourcing companies & original equipment manufacturers.
The country is the ideal nation for experienced players to establish its manufacturing base in the country, owing to proximity to the U.S. & other developed nations, cheap labor & land costs, and reduced shipping costs compared to Asian countries. These characteristics of the country are anticipated to fuel market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into Colombia regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia regulatory affairs market size, by type, 2018-2030 (US$M)
Colombia Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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