Market revenue in 2023 | USD 92.7 million |
Market revenue in 2030 | USD 166.6 million |
Growth rate | 8.7% (CAGR from 2023 to 2030) |
Largest segment | Product registration & clinical trial applications |
Fastest growing segment | Legal representation |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 25.89% in 2023. Horizon Databook has segmented the Indonesia 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.
Domestic players hold the majority of Indonesia's market. Local companies in the private sector account for nearly 70% of the total pharmaceutical activity and supply nearly 95% of drug volume, with the remaining 5% supplied by foreign firms.
Furthermore, domestic regulations also act as a market entry barrier and impede the commercial success of multinational companies because domestic firms are provided with tax benefits & subsidies. Thus, multinational companies’ survival in the Indonesian market mainly depends on innovative products at a competitive price as well as regulatory consulting, intelligence, and market entry strategies.
Horizon Databook provides a detailed overview of country-level data and insights on the Indonesia regulatory affairs outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Indonesia regulatory affairs outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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