Latin America Regulatory Affairs Market Size & Outlook
Latin America regulatory affairs market, 2018-2030 (US$M)
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Latin America regulatory affairs market highlights
- The Latin America regulatory affairs market generated a revenue of USD 580.4 million in 2023.
- The market is expected to grow at a CAGR of 8% 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.
- Country-wise, Chile is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 580.4 million |
| Market revenue in 2030 | USD 994.8 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Outsourcing |
| Fastest growing segment | Outsourcing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 3.9% of the global 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 10,234.5 million by 2030.
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Regulatory Affairs Market Scope
Regulatory Affairs Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 Latin America regulatory affairs market based on in-house, outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is one of the fastest growing regions for Regulatory affairs market after Asia Pacific owing to cost-effectiveness, increase in number of clinical trials, and rise in number of new entrants venturing into the pharmaceutical market within the region.
The market is expected to showcase significant growth during the forecast period owing to increase in number of biopharmaceutical companies venturing into this region, which is anticipated to drive the demand for regulatory services, thereby contributing to the growth of Regulatory affairs market.
In addition, its geographic placement, in being strategically close to the U.S. market, is another factor attracting outsourcing in this region. Presence of CROs and regulatory service providers is also expected to increase considerably, which is expected to further drive the growth of Regulatory affairs market in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America regulatory affairs market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America regulatory affairs market size, by country, 2018-2030 (US$M)
Latin America Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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