Taiwan Regulatory Affairs Market Size & Outlook, 2023-2030
Taiwan regulatory affairs market, 2018-2030 (US$M)
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Taiwan regulatory affairs market highlights
- The Taiwan regulatory affairs market generated a revenue of USD 96.5 million in 2023 and is expected to reach USD 169.0 million by 2030.
- The Taiwan market is expected to grow at a CAGR of 8.3% 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 96.5 million |
| Market revenue in 2030 | USD 169.0 million |
| Growth rate | 8.3% (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, Taiwan 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 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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Taiwan 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 Taiwan regulatory affairs market based on in-house, outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
There are around 700 medical device companies in Taiwan comprising both original equipment and contract manufacturers. The country mainly exports its production due to relatively low domestic demand.
The demand for outsourcing in the country is expected to increase as companies try to focus on their core competencies while outsourcing noncore functions.
In order to gain entry into Taiwan, manufacturers are required to appoint a local distributor since several private hospitals tend to purchase medical equipment directly from distributors with whom they have long-term relationships, and public hospitals purchase equipment through the tenders issued by Public Construction Commission (PCC) under the Taiwan Executive Yuan.
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Horizon Databook provides a detailed overview of country-level data and insights on the Taiwan regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into Taiwan regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Taiwan regulatory affairs market size, by type, 2018-2030 (US$M)
Taiwan Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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