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Medical Device Regulatory Affairs Market

Medical Device Regulatory Affairs Market Size, Share & Trends Analysis Report by Services (Regulatory Writing & Publishing, Legal Representation), By Type, By Service Provider, Region And Segment Forecasts, 2023-2031

Report ID : 1913 | Published : 2023-07-20 | Pages: 180 | Format: PDF/EXCEL

The Global Medical Device Regulatory Affairs Market Size is valued at 5.50 billion in 2022 and is predicted to reach 13.24 billion by the year 2031 at a 10.46% CAGR during the forecast period for 2023-2031.

Medical Device Regulatory Affairs Market

Regulations and quality standards must keep up with the quick advancements in medical technology and consider the regional differences in needs. The Quality and Regulatory Affairs standards for Medical Devices come into play and are vital from the product design stage onward, guiding the product lifecycle. Due to the increased adoption and development of advanced medical devices for treating various diseases, such as cardiovascular and other infectious diseases, various technological advancements and their expanding applications in the healthcare sector, the market is anticipated to experience moderate growth.

Additionally, the rise in the elderly population and the different technological developments available to address patients' unmet requirements present important prospects. However, throughout the projection period, factors such as the high cost of providing regulatory services, increased cyberattacks, and worries about cyber security are projected to limit market growth to some extent. 

Competitive Landscape:

Some of the Medical Device Regulatory Affairs market players are:

  • ICON, Plc
  • Emergo
  • Freyr
  • Laboratory Corporation of America Holdings
  • IQVIA, Inc.
  • Intertek Group plc
  • SGS Société Générale de Surveillance SA
  • Premedical International
  • Integer Holdings Corporation
  • Medpace 

Market Segmentation:

The Medical Device Regulatory Affairs market is segmented based on services, type and service provider. Based on services, the medical device regulatory affairs market is segmented into regulatory consulting, legal representation, regulatory writing & publishing, product registration & clinical trial applications, and other services. By type, the medical device regulatory affairs market is segmented into therapeutics and diagnostics. By service providers, the market is segmented as outsourced and in-house.

Based On Service, The Legal Representative Segment Is A Major Contributor To The Medical Device Regulatory Affairs Market

The legal representative category will hold a major share of the global Medical Device Regulatory Affairs market 2022. This might result from the growing need for legal counsel worldwide brought on by the internationalization of medical technology. The laws are quite complicated and are often changing. The need for local expertise for legal representation to get regulatory clearances and customs clearance is growing due to the region's shifting regulatory environment. These factors are raising the demand for legal services all around the world.

The Therapeutic Segment Witnessed Growth At A Rapid Rate

The therapeutic segment is projected to develop rapidly in the global Medical Device Regulatory Affairs market. This may be attributed to the increasing incidences of various chronic diseases, such as respiratory disorders, diabetes, cardiovascular diseases, and cancer, which demand advanced therapeutic devices. For instance, rising demand for technologically advanced products such as auto-injectors or pen needles for effective and efficient insulin delivery in diabetic patients is fueling segment growth., especially in countries such as the US, Germany, the U.K., China, and India.

The North America Medical Device Regulatory Affairs Market Holds A Tremendous Revenue Share

The North America medical device regulatory affairs market is expected to hold the highest market share in revenue soon. The (FDA) in the United States and Health Canada in Canada has a well-established regulatory framework for medical devices. A booming medical device market, encompassing implants, therapeutic devices, and diagnostics, is currently present in the North American region.

The constant adoption of innovation and the introduction of cutting-edge technologies in this sector has increased the demand for regulatory affairs services to guarantee compliance with changing norms and laws. The global medical device regulatory affairs market is similarly positioned for rapid expansion in the Asia Pacific region. Clinical trials and studies are increasing, and recent regulatory improvements contribute to the expected future expansion.

The region's focus on cost-cutting measures has been a major force behind market growth, and its large pool of highly skilled workers has increased the industry's size even more. The rapidly expanding older population also stimulates business. 

Medical Device Regulatory Affairs Market Report Scope:

Report Attribute

Specifications

Market Size Value In 2022

USD 5.50 Bn

Revenue Forecast In 2031

USD 13.24 Bn

Growth Rate CAGR

CAGR of 10.46 % from 2023 to 2031

Quantitative Units

Representation of revenue in US$ Bn and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

End-user

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; South East Asia

Competitive Landscape

ICON, Plc; Emergo; Freyr; Laboratory Corporation of America Holdings; IQVIA, Inc.; Intertek Group plc; SGS Société Générale de Surveillance SA; Premedical International; Integer Holdings Corporation; Med pace.

Customization Scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Medical Device Regulatory Affairs Market Snapshot

Chapter 4. Global Medical Device Regulatory Affairs Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis of Metaverse Industry
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. COVID-19 Impact on Metaverse Industry

Chapter 5. Market Segmentation 1: By Services Estimates & Trend Analysis
5.1. By Services & Market Share, 2019-2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Services:

5.2.1. Regulatory Consulting
5.2.2. Legal Representation
5.2.3. Regulatory Writing & Publishing
5.2.4. Product Registration & Clinical Trial Applications
5.2.5. Other Services

Chapter 6. Market Segmentation 2: By Type Estimates & Trend Analysis
6.1. By Services & Market Share, 2019-2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Type:

6.2.1. Diagnostic
6.2.2. Therapeutic

Chapter 7. Market Segmentation 3: By Service Provider Estimates & Trend Analysis
7.1. By Services & Market Share, 2019-2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Service Provider :

7.2.1.1. Pharmaceutical and Biotechnology Companies
7.2.1.2. Outsource
7.2.1.3. In-house

Chapter 8. Medical Device Regulatory Affairs Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Medical Device Regulatory Affairs Market revenue (US$ Million) estimates and forecasts By Services, 2023-2031
8.1.2. North America Medical Device Regulatory Affairs Market revenue (US$ Million) estimates and forecasts By Type, 2023-2031
8.1.3. North America Medical Device Regulatory Affairs Market revenue (US$ Million) estimates and forecasts By Service Provider , 2023-2031
8.1.4. North America Medical Device Regulatory Affairs Market revenue (US$ Million) estimates and forecasts by country, 2023-2031

8.1.4.1. U.S.
8.1.4.2. Canada

8.2. Europe

8.2.1. Europe Medical Device Regulatory Affairs Market revenue (US$ Million) by By Services, 2023-2031
8.2.2. Europe Medical Device Regulatory Affairs Market revenue (US$ Million) estimates and forecasts By Type, 2023-2031
8.2.3. Europe Medical Device Regulatory Affairs Market revenue (US$ Million) estimates and forecasts By Service Provider , 2023-2031
8.2.4. Europe Medical Device Regulatory Affairs Market revenue (US$ Million) by country, 2023-2031

8.2.4.1. Germany
8.2.4.2. Poland
8.2.4.3. France
8.2.4.4. Italy
8.2.4.5. Spain
8.2.4.6. UK
8.2.4.7. Rest of Europe

8.3. Asia Pacific

8.3.1. Asia Pacific Medical Device Regulatory Affairs Market revenue (US$ Million) by By Services, 2023-2031
8.3.2. Asia Pacific Medical Device Regulatory Affairs Market revenue (US$ Million) estimates and forecasts By Type, 2023-2031
8.3.3. Asia Pacific Medical Device Regulatory Affairs Market revenue (US$ Million) estimates and forecasts By Service Provider , 2023-2031
8.3.4. Asia Pacific Medical Device Regulatory Affairs Market revenue (US$ Million) by country, 2023-2031

8.3.4.1. China
8.3.4.2. India
8.3.4.3. Japan
8.3.4.4. Australia
8.3.4.5. Rest of Asia Pacific


8.4. Latin America

8.4.1. Latin America Medical Device Regulatory Affairs Market revenue (US$ Million) by By Services, 2023-2031
8.4.2. Latin America Medical Device Regulatory Affairs Market revenue (US$ Million) estimates and forecasts By Type, 2023-2031
8.4.3. Latin America Medical Device Regulatory Affairs Market revenue (US$ Million) estimates and forecasts By Service Provider , 2023-2031
8.4.4. Latin America Medical Device Regulatory Affairs Market revenue (US$ Million) by country, (US$ Million) 2023-2031

8.4.4.1. Brazil
8.4.4.2. Rest of Latin America

8.5. Middle East & Africa

8.5.1. Middle East & Africa Medical Device Regulatory Affairs Market revenue (US$ Million) by By Services, (US$ Million)
8.5.2. Middle East & Africa Medical Device Regulatory Affairs Market revenue (US$ Million) estimates and forecasts By Type, 2023-2031
8.5.3. Middle East & Africa Medical Device Regulatory Affairs Market revenue (US$ Million) estimates and forecasts By Service Provider , 2023-2031
8.5.4. Middle East & Africa Medical Device Regulatory Affairs Market revenue (US$ Million) by country, (US$ Million) 2023-2031

8.5.4.1. South Africa
8.5.4.2. GCC Countries
8.5.4.3. Rest of MEA

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles


9.2.1. ICON, Plc
9.2.2. Emergo
9.2.3. Freyr
9.2.4. Laboratory Corporation of America Holdings
9.2.5. IQVIA, Inc.
9.2.6. Intertek Group plc
9.2.7. SGS Société Générale de Surveillance SA

Segmentation of Medical Device Regulatory Affairs Market-

Medical Device Regulatory Affairs Market By Services

  • Regulatory Consulting
  • Legal Representation
  • Regulatory Writing & Publishing
  • Product Registration & Clinical Trial Applications
  • Other Services

Medical Device Regulatory Affairs Market

Medical Device Regulatory Affairs Market By Type

  • Diagnostic
  • Therapeutic

Medical Device Regulatory Affairs Market By Service Provider

  • Outsource
  • In-house

Medical Device Regulatory Affairs Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

 InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Medical Device Regulatory Affairs Market?

Medical Device Regulatory Affairs Market expected to grow at a 10.46% CAGR during the forecast period for 2023-2031

ICON, Plc; Emergo; Freyr; Laboratory Corporation of America Holdings; IQVIA, Inc.; Intertek Group plc; SGS Société Générale de Surveillance SA; Premed

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