Regulatory Affairs Outsourcing Market Size Worth $ 14.9 Billion By 2028Posted by Neha Bora on February 5th, 2021 San Francisco, 5 Feb 2021: The Report Regulatory Affairs Outsourcing Market Size, Share & Trends Analysis Report By Service, By Company Size, By Category, By Indication, By Stage, By End-user, By Region, And Segment Forecasts, 2021 - 2028 The global regulatory affairs outsourcing market size is expected to reach USD 14.9 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 11.9% from 2021 to 2028. A significant increase in the fixed costs of in-house resources for regulatory affairs and operation activities, like training, technology, specialized knowledge, and facilities, is driving the outsourcing of regulatory affairs functions. Addressing local regulatory challenges and constant changes in the regulations of the major markets, such as the U.S., Europe, and Asia, are creating demand for the services. Compliance with the current regulations has become an immense chore, leave alone trying to stay up to date with developments around the world. Amendments to current regulations are likely to simplify the regulatory pathway for the industry but, in turn, complicate the operation for healthcare product manufacturing companies. Thus, leading to the regulatory affairs outsourcing to service providers. Moreover, due to the COVID-19, various healthcare companies are likely to opt for more regulatory advice in the recovery phase – on remote monitoring, telemedicine, data privacy, and more. Furthermore, as companies push to speed up the product development and approvals in therapies, vaccines, and devices for COVID-19, they are likely to engage even more intensively with the regulatory agencies. Access Research Report of Regulatory Affairs Outsourcing Market @ https://www.grandviewresearch.com/industry-analysis/regulatory-affairs-outsourcing-market Regulatory Affairs Outsourcing Market Report Highlights
List of Key Players of Regulatory Affairs Outsourcing Market
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