The Nordic regulatory affairs market size is expected to reach USD 272.7 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.5% from 2021 to 2028. An increase in R&D activities in countries such as Denmark and Norway, drug pipeline, and clinical trial applications are some of the key factors expected to drive the market.
Denmark is the hub of R&D activities in Europe. The country is known for its long tradition for collaborative R&D and the fastest approval of clinical trials makes it a preferred destination to perform drug discovery and development. Denmark also has the largest commercial drug-development pipeline in Europe. Thus, the urge for a faster drug approval process is one of the key factors expected to drive the market in the country.
In Sweden, as stated by the SwedenBIO, around 148 companies have 420 drug development projects; an increase by 51 projects compared to 2016. In addition, around 6% of the total exports from Sweden are related to pharmaceuticals. Hence, this is projected to create demand for regulatory affairs services in the country.
The ongoing COVID-19 pandemic is expected to create the need for regulatory affairs in the Nordic countries. Countries such as Sweden and Denmark, which are the hub of clinical trials, are expected to witness an increase in demand for regulatory services as many of the trials are put on hold. In addition to this, due to COVID-19, a significant number of vaccines and drugs are in the development stage, which requires faster approval. This is possible only through clearance by regulatory bodies. Thus, the need for regulatory affairs is expected to increase in the Nordic countries.
Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/nordic-regulatory-affairs-market
Nordic Regulatory Affairs Market Report Highlights
For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/nordic-regulatory-affairs-market/request/rs1
Nordic Regulatory Affairs Market Segmentation
Grand View Research has segmented the Nordic regulatory affairs market based on service, service provider, company size, category, product stage, indication, end-use, and country:
Nordic Regulatory Affairs Service Outlook (Revenue, USD Million, 2016 – 2028)
Nordic Regulatory Affairs Service Provider Outlook (Revenue, USD Million, 2016 – 2028)
Nordic Regulatory Affairs Company Size Outlook (Revenue, USD Million, 2016 – 2028)
Nordic Regulatory Affairs Category Outlook (Revenue, USD Million, 2016 – 2028)
Nordic Regulatory Affairs Product Stage Outlook (Revenue, USD Million, 2016 – 2028)
Nordic Regulatory Affairs Indication Outlook (Revenue, USD Million, 2016 – 2028)
Nordic Regulatory Affairs End-use Outlook (Revenue, USD Million, 2016 – 2028)
Nordic Regulatory Affairs Country Outlook (Revenue, USD Million, 2016 – 2028)
List of Key Players of Nordic Regulatory Affairs Market
Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/451262/ibb
Browse More Related Report:
Medical Device Regulatory Affairs Market Size, Share & Trends Analysis Report By Service (Legal Representation, Regulatory Consulting), By Type (Diagnostics, Therapeutics), By Service Provider, By Region, And Segment Forecasts, 2021 – 2028
About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.
Media ContactCompany Name: Grand View Research, Inc.Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.Email: Send EmailPhone: 1888202951Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United StatesCity: San FranciscoState: CaliforniaCountry: United StatesWebsite: https://www.grandviewresearch.com/industry-analysis/nordic-regulatory-affairs-market