Regulatory Affairs Outsourcing Market Size Is Expected To Reach USD 14.9 Billion By 2028
San Francisco, 21 April 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 dev