Thailand Regulatory Affairs Market Size & Outlook
Thailand regulatory affairs market, 2018-2030 (US$M)
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Thailand regulatory affairs market highlights
- The Thailand regulatory affairs market generated a revenue of USD 103.1 million in 2023 and is expected to reach USD 176.9 million by 2030.
- The Thailand 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.
Regulatory affairs market data book summary
| Market revenue in 2023 | USD 103.1 million |
| Market revenue in 2030 | USD 176.9 million |
| Growth rate | 8% (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, Thailand accounted for 0.7% 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 |
|---|
Thailand 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 58.1% in 2023. Horizon Databook has segmented the Thailand regulatory affairs market based on in-house, outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
In Thailand, around 80% of local production is exported. The medical device imports account for more than 50.0% of the medical device market. Imports of medical device is anticipated to increase, which could drive the demand for regulatory affairs and maintenance services, thereby propelling the market during the forecast period.
Furthermore, strategic initiatives undertaken by the companies to expand their local presence is anticipated to drive the market. For instance, in 2018, JMS Co., Ltd. established a joint venture company named JMS Healthcare Co., Ltd. in Thailand.
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Our clientele includes a mix of regulatory affairs market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into Thailand regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand regulatory affairs market size, by type, 2018-2030 (US$M)
Thailand Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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