Published on : Nov 05, 2018
Albany, New York, November 5, 2018: Advances in clinical trials for novel drug development and medical device development necessitates adoption of apt monitoring standards for optimum functionality, thus steering growth in pharmaceutical regulatory affairs outsourcing market. Biopharmaceutical organizations rely massively in outsourcing pharmaceutical regulatory affairs to attain superlative, cost efficient operational efficiency in all stages of product lifecycle management, commencing product development and eventual commercialization and marketing.
A new research report titled, 'Global Regulatory Affairs Outsourcing Market Size, Status and Forecast 2018-2025' collated in the vast repository of Market Research Hub (MRH) offers decisive market insights on ongoing market trends and market advances that fuel growth in global regulatory affairs outsourcing market.
Geographic Expansion and Strategic Acquisitions Remain Staple amongst Leading Vendors
In the light of surged instances of life threatening maladies and corresponding spike in drug development initiatives by pharmaceutical companies, there has been an astounding demand in regulatory affairs outsourcing market. To pace up with such demand hikes, and sustain stiff competition from new market entrants, leading market providers are banking increasingly on strategic acquisitions and portfolio differentiation besides increasing their clientele base to harbor their leading position in regulatory affairs outsourcing market.
A recent report confirmed Covance’s acquisition of Sciformix, best known for its superlative regulatory affairs and pharmacovigilance services. The acquisition is envisioned to consolidate Convance’s capabilities in post approval pharmacovigilance, also strengthening its regulatory affairs portfolio in post-approval solutions.
This research report on global regulatory affairs outsourcing market is a comprehensive handbook on key market developments and trends that drive market growth. To enrich readers' understanding on winning marketing strategies and aid their investment decisions, this report on global regulatory affairs outsourcing market offers vital statistical highlights on segments prevalent in the market such as type and application. Based on type, global regulatory affairs outsourcing market is classified into type I and type II. On the basis of application, the market exhibits regulatory submissions, clinical trial applications and product registrations, regulatory writing and publishing, and regulatory consulting and legal representation besides other regulatory affairs as dominant application verticals in regulatory affairs outsourcing market.
Further, the report also sheds light on geographical scope of the market, based on which this section of the report identifies Europe, Central and South America, India, Southeast Asia, United States, China, and Japan as core regional pockets in global regulatory affairs outsourcing market.
Key Players: Regulatory Affairs Outsourcing Market
Based on detailed analysis of thorough research elements gleaned in this section of the report, readers can attain pivotal market details on various marketing tactics and tools implemented by leading market players across regions and their eventual implications on consumer response such as their buying preferences and eventual purchase discretion as well as on holistic growth trajectory of regulatory affairs outsourcing market. This section of the report further benchmarks prominent providers in regulatory affairs outsourcing market, comprising Criterium, Covance, Clinilabs, Accell Clinical Research, and Charles River Laboratories International.
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