India Regulatory Affairs Market Size & Outlook, 2023-2030
India regulatory affairs market, 2018-2030 (US$M)
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India regulatory affairs market highlights
- The India regulatory affairs market generated a revenue of USD 1,122.5 million in 2023 and is expected to reach USD 2,151.1 million by 2030.
- The India market is expected to grow at a CAGR of 9.7% 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 1,122.5 million |
| Market revenue in 2030 | USD 2,151.1 million |
| Growth rate | 9.7% (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, India accounted for 7.5% 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 Asia Pacific, Japan regulatory affairs market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,151.1 million by 2030.
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Regulatory Affairs Market Scope
Regulatory Affairs Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 58.13% in 2023. Horizon Databook has segmented the India regulatory affairs market based on in-house, outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
Global life sciences companies commonly outsource biopharmaceutical services to India. Cost benefits, improved infrastructure facilities, and large pool of technical expertise are some of the major drivers for growth of the Regulatory affairs market in this region.
Global biopharmaceutical companies outsource manufacturing of biopharmaceutical products for clinical trials or sales in emerging countries such as India.
The outsourcing trend in manufacturing is expected to increase the demand for regulatory services in the region by biopharmaceutical companies, thereby providing an opportunity for regulatory service providers or CROs to explore the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the India regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into India regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India regulatory affairs market size, by type, 2018-2030 (US$M)
India Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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