Global regulatory affairs outsourcing market is estimated to be valued at USD 9.33 Bn 2025 and is expected to reach USD 19.26 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 10.9% from 2025 to 2032.
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Regulatory compliance is becoming more and more important with increasing regulations and the market is witnessing significant growth due to rising outsourcing of regulatory functions by medical device and pharmaceutical companies.
Growing clinical trial activities and new product launches can boost demand for outsourcing regulatory services. Moreover, increasing stringent regulatory standards prompt life sciences companies to rely more on specialist regulatory consultancies for ensuring compliance.
Increasing Stringent Government Regulations
With the rapid development of new technologies, drugs and medical devices, regulatory frameworks and guidelines have become more complex and stringent. Pharmaceutical and biotech companies are finding it challenging to continuously keep track of the dynamic regulatory landscape and ensure compliance at all stages of product development and marketing. The approval processes have become lengthier with increased data requirements. Any oversight can delay the launch of new products and hinder business operations. Outsourcing regulatory work allows companies to leverage the dedicated expertise of specialized providers that continually monitor changes in regulations. This helps them navigate the complex compliance requirements more efficiently and mitigate risks of non-compliance. Subject matter experts at outsourcing firms keep abreast of the evolving guidelines through constant research and stakeholder interactions. These can proactively guide companies and ensure all submissions meet current standards, thus, accelerating approval timelines. Outsourcing non-core regulatory functions frees up internal resources that can be better utilized to focus on strategic business priorities.
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