Singapore Regulatory Affairs Market Size & Outlook
Singapore regulatory affairs market, 2018-2030 (US$M)
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Singapore regulatory affairs market highlights
- The Singapore regulatory affairs market generated a revenue of USD 137.1 million in 2023 and is expected to reach USD 156.0 million by 2030.
- The Singapore market is expected to grow at a CAGR of 1.9% 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 137.1 million |
| Market revenue in 2030 | USD 156.0 million |
| Growth rate | 1.9% (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, Singapore accounted for 0.9% 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 |
|---|
Singapore 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 58.86% in 2023. Horizon Databook has segmented the Singapore regulatory affairs market based on in-house, outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
Presence of manufacturing units of several multinational pharmaceutical & biotechnology companies, such as Applied Biosystems, Baxter, CIBA Vision, Becton Dickinson, Medtronic, Fisher Scientific, and Siemens Medical Instruments, is anticipated to contribute toward market growth.
In addition, unlike many other Asian countries, Singapore has strong IP rights protection system, which is anticipated to further increase market attractiveness of the country.
Strategic initiatives undertaken by the companies to expand their local presence is also anticipated to have a positive impact on the growth of regulatory services. For instance, in July 2019, Neo Genomics and PPD announced the opening of Neo Genomics clinical trials testing laboratory for oncology in Singapore.
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Our clientele includes a mix of 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 Singapore regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into Singapore regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore regulatory affairs market size, by type, 2018-2030 (US$M)
Singapore Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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