Spain Regulatory Affairs Market Size & Outlook, 2023-2030
Spain regulatory affairs market, 2018-2030 (US$M)
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Spain regulatory affairs market highlights
- The Spain regulatory affairs market generated a revenue of USD 291.3 million in 2023 and is expected to reach USD 464.2 million by 2030.
- The Spain market is expected to grow at a CAGR of 6.9% 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 291.3 million |
| Market revenue in 2030 | USD 464.2 million |
| Growth rate | 6.9% (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, Spain accounted for 1.9% 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 Europe, UK regulatory affairs market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,066.6 million by 2030.
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Regulatory Affairs Market Scope
Regulatory Affairs Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 58.12% in 2023. Horizon Databook has segmented the Spain regulatory affairs market based on in-house, outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
Spain is one of the most important markets within Europe for medical products. Small- & medium-sized companies dominate 90% of the market and are responsible for more than 40% of sales, whereas largesized companies, account for 8% to 10% of sales, generating approximately 60% of sales for the country.
Demand for Regulatory affairs is expected to rise in the coming years, as imports of medical devices from countries such as the U.S. and Germany are increasing. Increase in the number of manufacturing and research facilities in the country is anticipated to fuel the demand for regulatory services, such as legal representation & audit.
For instance, in 2020, AGC, Inc. announced the expansion of its production capabilities and establishment of a new R&D facility of its pharmaceutical CDMO subsidiary located in Spain.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into Spain regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain regulatory affairs market size, by type, 2018-2030 (US$M)
Spain Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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