Regulatory Affairs Market Analysis and Reports | USA Conference Series

Market Analysis - Regulatory Affairs 2017

Regulatory Affairs Department is the backbone of Pharmaceutical Industry. It is the revenue generator for pharmaceutical Industry. The Regulatory Affairs department is an important part of the pharmaceutical companies.

More than 15 years span is required to develop and launch a new pharmaceutical product in the market. The Regulatory Affairs Agencies explains expenditure spent on each drug annually is $850 million in US. The Indian Pharmaceutical industry is one of the fastest growing industries in India, with a compounded annual growth rate (CAGR) of over 13 % in last 5 years and it is expected to grow at a higher rate in coming 10 years where India spends around $300 million, united kingdom $700 , Brazil $200 million , France $550, Italy $400. As per cabinet decision in June 2010 Japan amended a new policy i.e., Health power strategy through “Life Innovation” with an expenditure spent on each drug was $450 million.

Internally it cooperates with other department like drug development, manufacturing, marketing and clinical research. Externally, it is the key interface between the company and the regulatory authorities. Industrialized regulatory affairs are to drive compliance, speed to market, and cost efficiency.

Regulatory Affairs Professionals Society (RAPS) Professional Development Framework (PD Framework) for the healthcare product regulatory affairs (RA) profession. The PD Framework offers a model for describing the basic body of knowledge and relevant skills of the RA profession across product lines, geographic locations and employer types at four major career stages. The framework is the result of years of research and development carried out by RAPS with the involvement of members worldwide. The studies’ results provide valuable insights into the nature of the profession. The framework defines the profession by professional/career levels, domains that reflect steps in the healthcare product lifecycle, the responsibilities and tasks of the RA professional at each step and the associated core knowledge and skills required of the professional.