Global Healthcare Regulatory Affairs Outsourcing Market 2022 Share, Size, Trend, Growth Analysis and Foresight to 2027
Research Reports
Apr 14, 2022
(USA, NY, New York City) The soaring frequency of chronic diseases like cancer and other infectious diseases has prompted biopharmaceutical companies to launch a slew of new medications, spurring the global demand for outsourcing healthcare regulatory affairs. As per an MRFR report, the Global Healthcare Regulatory Affairs Outsourcing Market is set to expand with a CAGR of 9.4% in the duration of the forecast period.
The burgeoning need for clinical trial application and product registration solutions and the expanding development of products in clinical trials fuel the expansion of the healthcare regulatory affairs outsourcing market.
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Key Players
The promising companies in the healthcare regulatory affairs outsourcing market are ICON plc, Charles River Laboratories International, Inc., Covance, Inc., Medpace, Inc., WuXi App Tec, PAREXEL International Corporation, Pharmaceutical Product Development, (PPD) LLC, Accell Clinical Research, LLC, Clinilabs, Inc., Criterium Inc., Promedica International, and Quintiles Transnational Corporation.
Segmental Analysis
The healthcare regulatory affairs outsourcing market segmentation is done by services, end user, and region. Regulatory submissions, regulatory writing & publishing, regulatory consultancy, clinical trial applications, and service registrations, and legal representation comprise the services portion of the healthcare regulatory affairs outsourcing market. The healthcare regulatory affairs outsourcing market’s end user category includes biotechnology companies, medical device companies, major pharmaceutical companies, mid-size pharmaceutical firms, and food and beverage industries. The healthcare regulatory affairs outsourcing market is divided into four regions: Asia-Pacific, Europe, the Americas, the Middle East, and Africa.
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Regional Analysis
The Americas are anticipated to lead the healthcare regulatory affairs outsourcing market due to the snowballing prevalence of chronic disorders. The expanding frequency of cancer and other chronic diseases needs the progress of novel and more effective treatments, which will drive market evolution in this field. Europe is anticipated to be the second-largest player in the healthcare regulatory affairs outsourcing market. Expanding R&D activities in European countries are accredited with promoting market expansion in this field. The Asia-Pacific region is expected to be the fastest-growing market, with many biopharmaceutical enterprises and tremendous growth prospects for main important players. Europe is forecasted to hold the second-largest share of the global market. Expanding R&D activities in European countries are attributed to promoting market expansion in this field. The Middle East and Africa are forecast to have the smallest share of the healthcare regulatory affairs outsourcing market. The Middle East is likely to occupy most of the regional market due to high government initiatives in the healthcare sector.
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