Market revenue in 2023 | USD 2,641.7 million |
Market revenue in 2030 | USD 5,028.6 million |
Growth rate | 9.6% (CAGR from 2023 to 2030) |
Largest segment | Product registration & clinical trial applications |
Fastest growing segment | Legal representation |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Regulatory consulting, Legal representation, Regulatory writing & publishing, Product registration & clinical trial applications, Regulatory Submissions, Regulatory Operations, Other services |
Key market players worldwide | Genpact Ltd, Criterium Inc., Promedica International, Wuxi AppTec Co Ltd, Medpace Holdings Inc, Charles River Laboratories International Inc, Icon PLC, Labcorp Drug Development, FREYR Battery Inc, Cencora Inc, Pharmexon, QVigilance, BlueReg Group, ZEINCRO Group |
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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 outsourcing market will help companies and investors design strategic landscapes.
Product registration & clinical trial applications was the largest segment with a revenue share of 25.96% in 2023. Horizon Databook has segmented the Asia Pacific regulatory affairs outsourcing market based on regulatory consulting, legal representation, regulatory writing & publishing, product registration & clinical trial applications, regulatory submissions, regulatory operations, other services covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to be the largest market for Regulatory affairs outsourcing market during the forecast period owing to the improved regulatory landscape, cost savings, growing number of clinical trials conducted in the region, and increasing number of biopharmaceutical companies venturing in the region.
Furthermore, availability of skilled workforce within the region at a lower cost compared to the U.S. is another factor expected to propel growth. According to a report by Deloitte, Asia Pacific accounts for 60.0% of the world’s population.
Growing geriatric population, rising prevalence of chronic diseases among people, and increase in government support for the healthcare sector are expected to increase the demand for cost-effective medicines.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific regulatory affairs outsourcing market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific regulatory affairs outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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