Press Releases
 
Regulatory Affairs Outsourcing Market : Shares, Strategies and Forecasts, Analysis and Overview upt

, 21 May 2019 -- Regulatory Affairs Outsourcing Market : Segmentation, Opportunities, Trends & Future Scope to 2023

Global Regulatory Affairs Outsourcing Market: Analyst’s Estimations

Economic and competitive pressures in the healthcare industry continue to motivate life sciences companies to explore ways of cutting costs across operations and increase their focus on product innovations, research activities, and improved turnaround time of deliverables. Companies aspiring to widen their global reach are increasing investments on R&D activities and new products are entering clinical trials and the market at a rapid pace. Undertaking regulatory affairs and the maintenance of vast volumes data generated during the process can be a daunting task for companies having a vast product portfolio and operations spread across diverse regional markets.

View Report: https://www.transparencymarketresearch.com/global-regulatory-affairs-outsourcing-market.html

These factors have encouraged an increased rate of outsourcing of regulatory affairs across life sciences industries in the past few years. Recent findings by Transparency Market Research state that the global regulatory affairs outsourcing market will exhibit a healthy 10.1% CAGR from 2017 to 2023. As a result, the market, which had a valuation of US$3,234.4 million in 2017 will rise to US$5,746.5 million by 2023.

Clinical Trial Application and Product Registration Services to be Key Enabler of Growth

Of the key regulatory affair services outsourced by life sciences companies, regulatory writing and publishing is presently the largest market segment, accounting for a share of more than 43% across the global market in 2017. Owing to the diverse and continuously changing regulations across local, regional, national, and international markets, companies spend a vast share in their overall regulatory investments for timely updating data such as regulatory submissions and standard operating procedures. It is owing to this fact that the segment of regulatory writing and publishing leads the regulatory affairs outsourcing market. By the end of 2023, this segment is estimated to be worth US$2,406.6 million.

Request a Brochure of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3528

Over the next few years, however, the market for regulatory affairs outsourcing is witness the highest gains from the clinical trial applications and product registration segment. Factors such as patent expiries and the rising prevalence of a number of chronic, viral, and bacterial diseases have prompted biopharmaceutical companies in the development of a large number of new products. With the rising number of products in clinical trials, the demand for clinical trial application and product registration services is expected to substantially rise in the next few years.

Low-cost Clinical Trial Centers in Emerging Economies to be Key Enabler of Growth

In the years to come, regulatory affairs service providers in emerging economies across regions such as Latin America and Asia Pacific are expected to bag the most numbers of outsourcing projects across the globe. An increased number of biopharmaceutical companies are using emerging economies as a launch pad for their venture in larger markets such as North America and Europe.

Product development, research, and commercialization units are being set up at an increased rate across emerging economies owing to cheap resources and raw material costs. The vast population base of Asia Pacific also makes it a lucrative regional market for the medical industry. These factors are acting in favor of the regulatory affairs outsourcing markets in these regions and will help strengthen the market’s foothold in the next few years. As a result, the market for regulatory affairs outsourcing market in emerging economies will offer the most lucrative and sustained growth opportunities for the global market. The market is expected to expand at a 14.1% CAGR in Asia Pacific and 9.6% CAGR across Latin America from 2017 to 2023.

Request a Sample of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3528

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

Contact Us

Transparency Market Research

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email:

Website: https://www.transparencymarketresearch.com

# # #


Submitted by hawer on Tuesday, 21 May 2019 at 7:24 PM
Category: Health Care & Medical
 
Related News

Pelvic Floor Stimulation Therapy Market Shares, Strategies and Forecasts, Analysis and Overview upto
Wednesday, 26 Jun 2019

DS Pharma Animal Health awards Hacarus the Grand Prize for 'New Business Solutions in Animal Health'
Tuesday, 25 Jun 2019

Antidiabetics Market Research Explores The Key Success Factors, And Business Opportunities Including
Tuesday, 25 Jun 2019

New Study: Dermatology Drug Market Forecast To 2024
Tuesday, 25 Jun 2019

Recent Research: Bipolar Disorder (BPD) Market To Experience Excellent Growth Potential Over 2017 -
Tuesday, 25 Jun 2019

Related Events

18th Meeting of WSSFN, New York, June 24-27, 2019
Monday, 24 Jun 2019

GIIDS - GI Inflammatory Diseases Summit
Monday, 24 Jun 2019

3rd CRISPR & NBT AgBio Congress 2019
Monday, 24 Jun 2019

Digital Pharma West
Monday, 24 Jun 2019

LEAP HR Healthcare: Radical Change Through People
Monday, 24 Jun 2019

Latest News

Pelvic Floor Stimulation Therapy Market Shares, Strategies and Forecasts, Analysis and Overview upto
Wednesday, 26 Jun 2019

Indonesia Needs an Overhaul in Infrastructure Financing
Wednesday, 26 Jun 2019

O.J. Simpson’s big arrival on Twitter marked the 25th anniversary
Tuesday, 25 Jun 2019

The Pros and Cons of Using Clip in Hair Extensions
Tuesday, 25 Jun 2019

Receiving the very best Score With MCAT Prep
Tuesday, 25 Jun 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Wednesday, 26 June 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • International Metropolis Conference: Promise of Migration, Ottawa 2019
  • 18th Meeting of WSSFN, New York, June 24-27, 2019
  • GIIDS - GI Inflammatory Diseases Summit
  • 3rd CRISPR & NBT AgBio Congress 2019
  • Digital Pharma West

  • Latest Jobs
    Sorry, there are currently no entries posted here.