South Africa Regulatory Affairs Market Size & Outlook
South Africa regulatory affairs market, 2018-2030 (US$M)
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South Africa regulatory affairs market highlights
- The South Africa regulatory affairs market generated a revenue of USD 91.5 million in 2023 and is expected to reach USD 151.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.4% 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 91.5 million |
| Market revenue in 2030 | USD 151.3 million |
| Growth rate | 7.4% (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, South Africa accounted for 0.6% 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 Middle East & Africa, Saudi Arabia regulatory affairs market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 243.0 million by 2030.
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Regulatory Affairs Market Scope
Regulatory Affairs Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 58.14% in 2023. Horizon Databook has segmented the South Africa regulatory affairs market based on in-house, outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is the largest market for pharmaceuticals in Sub-Saharan Africa region and has one of the most developed infrastructure and manufacturing facilities in the world. In addition, local presence of significant number of life sciences companies such as Adcock Ingram, Aspen Holdings, and Genius Biotherapeutics is anticipated to propel growth.
The government is planning to initiate new industrialization programs and policies such as the Ketlaphela project, which are likely to attract biopharmaceutical companies to this region, thereby contributing to the increasing demand for regulatory services.
Currently, Medicines Control Council (MCC) is the primary regulatory agency and one of the major challenges faced is regulatory approval process, which takes very long time. The 2015 Amendment has made a provision for the replacement of MCC by South African Health Product Regulatory Agency (SAHPRA), which will handle the regulatory approval processes related to the life sciences sector.
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Our clientele includes a mix of regulatory affairs market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into South Africa regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa regulatory affairs market size, by type, 2018-2030 (US$M)
South Africa Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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