India Medical Device Regulatory Affairs Market Size & Outlook
India medical device regulatory affairs market, 2018-2030 (US$M)
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India medical device regulatory affairs market highlights
- The India medical device regulatory affairs market generated a revenue of USD 512.2 million in 2024 and is expected to reach USD 964.9 million by 2030.
- The India market is expected to grow at a CAGR of 11.1% from 2025 to 2030.
- In terms of segment, outsource was the largest revenue generating service provider in 2024.
- Outsource is the most lucrative service provider segment registering the fastest growth during the forecast period.
Medical device regulatory affairs market data book summary
| Market revenue in 2024 | USD 512.2 million |
| Market revenue in 2030 | USD 964.9 million |
| Growth rate | 11.1% (CAGR from 2025 to 2030) |
| Largest segment | Outsource |
| Fastest growing segment | Outsource |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | In-house, Outsource |
Other key industry trends
- In terms of revenue, India accounted for 7.6% of the global medical device regulatory affairs market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan medical device regulatory affairs market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 964.9 million by 2030.
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Medical Device Regulatory Affairs Market Scope
Medical Device Regulatory Affairs Market Companies
| Name | Profile | # Employees | HQ | Website |
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India medical device regulatory affairs market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical device regulatory affairs market will help companies and investors design strategic landscapes.
Outsource was the largest segment with a revenue share of 66.56% in 2024. Horizon Databook has segmented the India medical device regulatory affairs market based on in-house, outsource covering the revenue growth of each sub-segment from 2018 to 2030.
India is gradually adopting new technology in medical devices. Certain developments have been made in precision surgical tools for wound closure, obstetrics, orthopedics, neurosurgery, and plastic & reconstructive surgery. The COVID-19 pandemic has further propelled advancements, increasing the demand for automated analysis, precision testing, and shorter turnarounds.
The rise in the adoption of new technologies for medical devices in the country is expected to improve the demand among regulatory affairs players in the country for developing new devices. This is creating competition among market players in the country. Some major companies operating in the country are IQVIA, Inc., Freyr, Intertek Group plc., and Laboratory Corporation of America Holdings.
These companies are undertaking various strategic initiatives to strengthen their market presence in the country. For instance, in June 2023, IQVIA introduced IQVIA RIM Smart Labeling, a holistic labeling solution for the life sciences sector. This innovative approach enhances global label management using intelligence-driven techniques, ensuring efficiency and compliance. With IQVIA RIM Smart Labeling, life sciences firms can unify their regulatory label planning, tracking, and execution systems, streamlining their processes into a single, integrated workflow
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Our clientele includes a mix of medical device regulatory affairs market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India medical device regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into India medical device regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India medical device regulatory affairs market size, by service, 2018-2030 (US$M)
India Medical Device Regulatory Affairs Market Outlook Share, 2024 & 2030 (US$M)
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