Many pharmaceutical companies face cost pressures and workforce turnover. Recent trends show that it is much more difficult to obtain new marketing authorization approvals, maintain regulatory compliance and ensure competitive personnel operating costs. Therefore, key decision makers of companies consider obtaining external regulatory affairs services from regulatory affairs service providers. The medical affairs activities most often outsourced to the Regulatory Services group are clinical and non-clinical overviews and summaries, clinical overview addendum, expert reports, scientific publications, preparation of clinical trial protocols, investigator brochures, PSURs, clinical trials (CRS). Some of the reasons to consider outsourcing regulatory affairs services include reducing the excessive workload in the regulatory affairs department of pharmaceutical companies and cost-effectiveness of the services.
Medical outsourcing services assist original equipment manufacturing (OEM) companies with scalable and flexible solutions that help them utilize healthcare workforce resources, asset components, and strategic management. The growth in the number of ongoing clinical trials is mainly related to the increase in cases of many communicable and non-communicable diseases, which is driving the demand for the development of medical devices or new drugs, which in turn increases the need for medical issues. outsourced services. Key end users such as medtech companies, those with established QA/regulatory departments, often seek assistance in supplementing their in-house expertise, enabling them to overcome staffing shortages, adjust to parental leave, provide training, or obtain independent staff assistance. reviewer assistance.
Global Medical Device Affairs Outsourcing Market Size Was Valued at USD 4.6 billion in 2021 and is Projected to Garner USD 8.1 billion by 2031, with a registered CAGR of 6% from 2022 to 2031.
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Medical Device Affairs Outsourcing Companies:
• Charles River
• Inizio
• IQVIA Holdings Inc.
• Parexel International Corporation
• SGS SA
• Syneos Health, Inc.
• Thermo Fisher Scientific, Inc.
• Wuxi AppTec
• Excelya
• Icon plc
• Indegene Private Limited
Each segment of the global medical device affairs outsourcing market is extensively evaluated in the research study. The segmental analysis offered in the report pinpoints key opportunities available in the global medical device affairs outsourcing market through leading segments.
The regional study of the global medical device affairs outsourcing market included in the report helps readers to gain a sound understanding of the development of different geographical markets in recent years and also going forth. We have provided a detailed study on the critical dynamics of the global medical device affairs outsourcing market, which include the market influence and market effect factors, drivers, challenges, restraints, trends, and prospects. The research study also includes other types of analysis such as qualitative and quantitative.
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Global Medical Device Affairs Outsourcing Market Size Segmentation: –
By service
• regulatory writing & submissions
• regulatory registration services,
• regulatory consulting
• others
By software
• cloud-based software
• on-premise software
By end user
• Pharmaceutical companies
• medical technology companies
• others
By Region Outlook
North America
⦁ U.S.
⦁ Canada
⦁ Mexico
Europe
⦁ UK
⦁ Germany
⦁ France
⦁ Italy
⦁ Russia
⦁ Rest of Europe
Asia-Pacific
⦁ China
⦁ Japan
⦁ India
⦁ Australia
⦁ Rest of Asia-Pacific
LAMEA
⦁ Brazil
⦁ UAE
⦁ Turkey
⦁ Saudi Arabia
⦁ Rest of LAMEA
Our Market Research Solution Provides You Answer to Below Mentioned Question:
• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in the coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2031?
• How big is the global & regional market in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• Which region has more opportunities?
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