UAE Regulatory Affairs Market Size & Outlook, 2023-2030
UAE regulatory affairs market, 2018-2030 (US$M)
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UAE regulatory affairs market highlights
- The UAE regulatory affairs market generated a revenue of USD 53.5 million in 2023 and is expected to reach USD 94.0 million by 2030.
- The UAE market is expected to grow at a CAGR of 8.4% 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 53.5 million |
| Market revenue in 2030 | USD 94.0 million |
| Growth rate | 8.4% (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, UAE accounted for 0.4% 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 |
|---|
UAE 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 UAE regulatory affairs market based on in-house, outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
Currently, UAE is the third largest market for Regulatory Affairs in the MEA region since most market players are dependent on imports. Medical device regulations in the country are based on Australian TGA, EU, and U.S. regulations.
Products with approval from the Canadian, Australian, EU, and U.S. regulatory agencies are eligible for a short registration process in the UAE. The UAE Government is focused on attracting innovative drug manufacturers by 2021, with double the number of local companies producing patented drugs.
The country has a short drug registration system for both innovator and generic drugs approved by the U.S. FDA. Some of the examples of fast-tracked drugs in UAE are AbbVie’s Viekirax, Exviera (dasabuvir), and Eli Lilly's Trulicity.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the UAE regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into UAE regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE regulatory affairs market size, by type, 2018-2030 (US$M)
UAE Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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