According to the report, the global medical device & IVD regulatory affairs outsourcing market was valued at US$ 1.03 Bn in 2019.
It is projected to expand at a CAGR of ~11% from 2020 to 2030.
Regulatory affairs (RA) play a critical role in the medical device & IVD industry, as it is concerned about the lifecycle of the healthcare product, provides strategic, tactical, and operational direction and support to work within regulations to expedite the development and delivery of safe and effective healthcare products to individuals around the world.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=79264In terms of service, the global medical device & IVD regulatory affairs outsourcing market has been classified into regulatory writing & submissions, regulatory registration services, regulatory consulting, and others.
Increase in regulatory requirements and expansion of the medical device industry boost the global medical device & IVD regulatory affairs outsourcing market.North America dominated the global medical device & IVD regulatory affairs outsourcing market in 2019, and the trend is anticipated to continue during the forecast period.
Preference for business expansion in countries such as India and China by companies due to favorable business environment is likely to boost the regulatory affairs outsourcing market in these countries.Expansion of Medical Device Industry and Increase in Regulatory Requirements to Drive Global MarketThe medical device industry is expanding at a rapid pace, driven by innovative technology, and improvement in diagnosis, treatment, and delivery.
Low cost of cloud-based technology and rapid implementation are key factors likely to augment the segment.Buy Medical Device & IVD Regulatory Affairs Outsourcing Market Report –https://www.transparencymarketresearch.com/checkout.php?rep_id=79264=S Competition LandscapeFreyr, Covance, ICON plc, and Emergo are the four major companies operating in the global medical device & IVD regulatory affairs outsourcing market.