{"id":54502,"date":"2023-03-06T11:05:43","date_gmt":"2023-03-06T10:05:43","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/medical-device-regulatory-affairs-global-market-report-2022-increasing-trend-toward-portable-and-smaller-devices-presents-opportunities-researchandmarkets-com\/"},"modified":"2023-03-06T11:05:43","modified_gmt":"2023-03-06T10:05:43","slug":"medical-device-regulatory-affairs-global-market-report-2022-increasing-trend-toward-portable-and-smaller-devices-presents-opportunities-researchandmarkets-com","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/medical-device-regulatory-affairs-global-market-report-2022-increasing-trend-toward-portable-and-smaller-devices-presents-opportunities-researchandmarkets-com\/","title":{"rendered":"Medical Device Regulatory Affairs Global Market Report 2022: Increasing Trend Toward Portable and Smaller Devices Presents Opportunities – ResearchAndMarkets.com"},"content":{"rendered":"
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DUBLIN–(BUSINESS WIRE)–The “Medical Device Regulatory Affairs Market Size, Share & Trends Analysis Report By Services (Regulatory Writing & Publishing, Legal Representation), By Type, By Service Provider, By Region, And Segment Forecasts, 2023 – 2030”<\/a> report has been added to ResearchAndMarkets.com’s<\/strong> offering.\n<\/p>\n

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\nThe global medical device regulatory affairs market size is expected to reach USD 12.1 billion by 2030. The market is expected to expand at a CAGR of 10.1% from 2023 to 2030. Technological advancements in medical devices, such as AI and machine learning, increasing trends toward portable and smaller devices, and strict government regulations for medical devices are driving the market.\n<\/p>\n

\nMedical equipment regulation is a vast and rapidly changing field that is often complicated by legal challenges. Even within one regulatory framework, legal terms and their definitions are not always consistent. As technology expands, software, machine learning, and algorithms become essential component of an increasing number of digital health resources. This presents new challenges as an increasing number of instruments fall under the regulatory framework.\n<\/p>\n

\nMedical device companies have to deal with continuous changes in regulatory requirements, which can differ based on business activities and geographies. Noncompliance with the changing regulatory requirements can result in penalties and delays, which may lead to a loss of revenue. According to a survey sponsored by Genpact, 72.0% of executives from the life sciences industry consider regulatory compliance to be one of the top three challenges they face. Such factors are expected to support the demand for these services further.\n<\/p>\n

\nPublic organizations worldwide are providing funding to improve healthcare R&D. For instance, in March 2022, over USD 188.0 million was funded by the U.K. government to support NHS-led health research pertaining to diagnostics and treatments. Such investments in the future are expected to increase the number of new medical device launches, thus creating opportunities for medical device regulatory services. Such activities are expected to support the market in the forecasted period.\n<\/p>\n

\nMedical Device Regulatory Affairs Market Report Highlights<\/strong>\n<\/p>\n