Thailand Regulatory Affairs Outsourcing Market Size & Outlook
Thailand regulatory affairs outsourcing market, 2018-2030 (US$M)
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Thailand regulatory affairs outsourcing market highlights
- The Thailand regulatory affairs outsourcing market generated a revenue of USD 48.0 million in 2023 and is expected to reach USD 86.9 million by 2030.
- The Thailand market is expected to grow at a CAGR of 8.8% from 2024 to 2030.
- In terms of segment, product registration & clinical trial applications was the largest revenue generating service in 2023.
- Legal representation is the most lucrative service segment registering the fastest growth during the forecast period.
Regulatory affairs outsourcing market data book summary
| Market revenue in 2023 | USD 48.0 million |
| Market revenue in 2030 | USD 86.9 million |
| Growth rate | 8.8% (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 |
Other key industry trends
- In terms of revenue, Thailand accounted for 0.7% of the global regulatory affairs outsourcing 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 outsourcing 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 1,056.9 million by 2030.
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Regulatory Affairs Outsourcing Market Scope
Regulatory Affairs Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand regulatory affairs outsourcing 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 outsourcing market will help companies and investors design strategic landscapes.
Product registration & clinical trial applications was the largest segment with a revenue share of 26.04% in 2023. Horizon Databook has segmented the Thailand 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.
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.
The counterparties of this joint venture are Thippayabadin Co., Ltd. and B&J Logistic Co., Ltd. This joint venture was anticipated to promote sale of JMS products in Thailand.
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Target buyers of Thailand regulatory affairs outsourcing market databook
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Our clientele includes a mix of regulatory affairs outsourcing 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Thailand regulatory affairs outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Thailand regulatory affairs outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand regulatory affairs outsourcing market size, by service, 2018-2030 (US$M)
Thailand Regulatory Affairs Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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