Healthcare Regulatory Affairs Outsourcing Market Players, Industry Trends, Segments, Analysis and Forecast – 2032
The healthcare regulatory affairs outsourcing offers medical writing and publishing which plays an important role to develop high-quality documents for the clinical research process. The rising, increasing number of patent expirations and growing research and development activities are some factors that are likely to propel the market growth during the assessment period.
The healthcare
regulatory affairs outsourcing market size is expected to reach USD 11.5
Billion by 2032 at 9.40% CAGR during the forecast period 2023-2032.
Additionally, the rising incidence of several chronic
diseases such as cancer and other infectious diseases have encouraged
biopharmaceutical companies to develop a large number of new products. This
rising development of products in clinical trials, the demand for clinical
trial application and product registration services is increasing, thus driving
the growth of this market. For instance, the International Federation of
Pharmaceutical Manufacturers & Associations stated that around 1,919 and
1,308 drugs are in development for cancer and neurology, respectively.
Additionally, IFPMA stated that in 2014, there were 401 drugs in the pipeline
for diabetes and 208 drugs in development for HIV/AIDS. Furthermore, IFPMA
specified that their members have 119 ongoing R&D projects related to
neglected tropical diseases.
Healthcare
Regulatory Affairs Outsourcing Market Insights And Growth Analysis By
Service (Regulatory Writing And Publishing & Regulatory Submissions) And
End User (Mid-Size Pharmaceutical Companies & Biotechnology Companies) -
Forecast Till 2032.
Major Key Players:
Some Of The Key Market Players are Accell Clinical Research, LLC,
Charles River Laboratories International, Inc., Clinilabs, Inc., Criterium
Inc., ICON plc, Covance, Inc., Medpace, Inc., PAREXEL International
Corporation, Pharmaceutical Product Development, (PPD) LLC, Promedica
International, Quintiles Transnational Corporation, WuXi App Tec, and others.
Segment
Analysis
The global Healthcare Regulatory
Affairs Outsourcing Market is segmented into application, product and end user.
On the basis of application, the market is segmented into therapy, research
and cell, and tissue banking. The global Healthcare Regulatory Affairs
Outsourcing Market by product is segmented into stem cell lines, instruments,
consumables and culture media. The stem cell lines segment is expected to lead
the market and register a substantial CAGR to reach USD 9,366.9 million by the
end of 2023. Due to its unique capabilities for tissue repair, replacement, and
regeneration is expected to drive the market growth. On the basis of end user,
the market is segmented into pharmaceutical/biotechnology companies & CRO and
hospitals & stem cell banks.
Regional
Analysis
Geographically, the global Healthcare
Regulatory Affairs Outsourcing Market has been segmented into Regulatory
Affairs Outsourcing Market, Europe, Asia-Pacific, and
the Middle East & Africa. As per MRFR analysis, the Americas was the
largest market for Carotid Artery Disease Market in 2017 and is expected to
remain dominant during the review period. Europe accounted for a significant market
share and is projected to be the second-largest market during the forecast
period. Major factors influencing the growth of the market include the presence
of major manufacturers, growing prevalence of cancer, growing healthcare
expenditure, and increase in technologically-advanced products in Europe are
driving the growth of the Healthcare Regulatory Affairs Outsourcing Market in
the region. The Asia-Pacific Healthcare Regulatory Affairs Outsourcing Market
is one of the fastest growing regions across the globe. Growing population and
rising incidence of cancer are likely to drive the growth of the Asia-Pacific
market.
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