Cloud Banner

ICT

Image

Global Product Design and Development Services Market – Industry Trends and Forecast to 2029

  • ICT
  • Upcoming Report
  • Aug 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Product Design and Development Services Market, By Type (Research, Strategy, & Concept Generation, Concept & Requirements Development, Detailed Design & Process Development, Design Verification, Process Validation, Manufacturing Transfer & Design Validation, Production & Commercial Support),  Application (Diagnostic Equipment’s, Therapeutic Equipment’s, Surgical Instruments, Clinical Laboratory Equipment’s, Biological Storage, Consumables, Others), End Use (Medical Device Companies, Pharmaceutical Companies, Biotechnology Companies, Contract Research Organizations) – Industry Trends and Forecast to 2029

Product Design and Development Services Market

Product Design and Development Services Market Analysis and Size

Medical technology is evolving quickly and becoming more interconnected. Medical device manufacturers are shifting from a transaction-based approach to one that focuses on creating value for patients, providers, payers, and practitioners by providing medical tools and surgical instruments that are innovative, cost-effective, and speak volumes about product quality. For example, customised procedure trays that can be made to fit the needs of surgeons.

Data Bridge Market Research analyses that the product design and development services market was valued at USD 5.93 billion in 2021 and is expected to reach the value of USD 8.21 billion by the year 2029, at a CAGR of 5.30% during the forecast period. The growing demand for small and portable products has had a direct impact on the growth of the market for product design and development services.

Market Definition

The design and development of a medical device is a complex process that involves end-user needs, application requirements, specifications, and regulations, all of which must be balanced and followed in order for a product to be developed successfully. As a result, there is much more to designing, developing, and introducing a product to the market than simply coming up with an innovative idea, building a product, and distributing it to the masses.

Product Design and Development Services Market Size and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Type (Research, Strategy, & Concept Generation, Concept & Requirements Development, Detailed Design & Process Development, Design Verification, Process Validation, Manufacturing Transfer & Design Validation, Production & Commercial Support),  Application (Diagnostic Equipment’s, Therapeutic Equipment’s, Surgical Instruments, Clinical Laboratory Equipment’s, Biological Storage, Consumables, Others), End Use (Medical Device Companies, Pharmaceutical Companies, Biotechnology Companies, Contract Research Organizations)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Ximedica (U.S), Jabil Inc. (U.S), Flex Ltd. (Singapore), Plexus Corp. (U.S), Celestica Inc. (U.S), StarFish Product Engineering Inc. (Canada), Nordson Corporation (U.S), Planet Innovation (Australia), Donatelle (U.S), HS Design (U.S), Bresslergroup (U.S), Biomerics (U.S), Integrated Computer Solutions, Inc. (U.S), Freudenberg Medical (U.S), DeviceLAb Ltd. (U.S), Cambridge Design Partnership Ltd. (U.K), Aran Biomedical (Ireland)

Opportunities

  • Rising incidence of target conditions
  • Rising government support
  • Rising number of clia-waived POC tests

Product Design and Development Services Market Dynamics

Drivers

  • Increased competition among key market players

Rising complexity in enabling product design and engineering, increased competition among players to increase revenue while reducing costs, and preferences for mini and portable products are expected to boost the growth of the product design and development services market during the forecast period.

Growing geriatric population as well as rising awareness

The medical device manufacturing industry is expected to grow at a rapid pace as a result of the growing geriatric population, as well as health concerns and rising health-care costs. As a result, manufacturers are launching new product development projects at a rapid pace, particularly in developing markets such as India and China. As a result, manufacturers will need a proper execution strategy to address the market's concerns and needs. This is likely to increase demand for services, boosting the market for product design and development services.

  • Regulatory Compliance

Maintaining compliance with medical reforms and regulations raises the demand for these solutions. The increase in the funding by the federal government to drive the adoption of these solutions further influence the market. Additionally, the surge in healthcare expenditure, advancements in healthcare infrastructure, and high demand for expanded care delivery positively affect the product design and development services market.

Restraints/Challenges

The threat of information and a lack of funding will inhibit the growth of the product design and development services market during the forecast period.

This product design and development services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the product design and development services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Product Design and Development Services Market

The pandemic is opening up new opportunities for medical device development and marketing. COVID-19's push for telemedicine and remote care may encourage the development of new remote medical devices and technologies. As COVID-19 continues to strain hospitals and the healthcare system, such remote diagnostic and monitoring devices may become even more important and widespread in the future. COVID-19 disease, on the other hand, has hampered product development. Product development practises have changed due to constraints such as working from home, uncertain demand, no travel to customers or suppliers' virtual private networks, and collaboration software tools.

Global Product Design and Development Services Market Scope

The product design and development services market is segmented on the basis of type, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Research
  • Strategy & concept generation
  • Concept & requirements development
  • Detailed design & process development
  • Design verification
  • Process validation
  • Manufacturing transfer & design validation
  • Production & commercial support

Application

  • Diagnostic equipment’s
  • Therapeutic equipment’s
  • Surgical instruments
  • Clinical laboratory equipment’s
  • Biological storage
  • Consumables
  • Others

End use

  • Medical device companies
  • Pharmaceutical companies
  • Biotechnology companies
  • Contract research organizations

Product Design and Development Services Market Regional Analysis/Insights

The product design and development services market is analysed and market size insights and trends are provided by country, type, application and end use as referenced above.

The countries covered in the product design and development services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the product design and development services market due to the prevalence of contract research organisations, whereas Asia-Pacific is expected to grow at the fastest rate from 2022 to 2029 due to the easy availability of raw materials and labour at low prices.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The product design and development services market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for product design and development services market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the product design and development services market. The data is available for historic period 2010-2020.

Competitive Landscape and Product Design and Development Services Market Share Analysis

The product design and development services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to product design and development services market.

Some of the major players operating in the product design and development services market are

  • Ximedica (U.S)
  • Jabil Inc. (U.S)
  • Flex Ltd. (Singapore)
  • Plexus Corp. (U.S)
  • Celestica Inc. (U.S)
  • StarFish Product Engineering Inc. (Canada)
  • Nordson Corporation (U.S)
  • Planet Innovation (Australia)
  • Donatelle (U.S)
  • HS Design (U.S)
  • Bresslergroup (U.S)
  • Biomerics (U.S)
  • Integrated Computer Solutions, Inc. (U.S)
  • Freudenberg Medical (U.S)
  • DeviceLAb Ltd. (U.S)
  • Cambridge Design Partnership Ltd. (U.K)
  • Aran Biomedical (Ireland)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The major players operating in the Product Design and Development Services Market are Ximedica (U.S), Jabil Inc. (U.S), Flex Ltd. (Singapore), Plexus Corp. (U.S), Celestica Inc. (U.S), StarFish Product Engineering Inc. (Canada), Nordson Corporation (U.S), Planet Innovation (Australia), Donatelle (U.S), HS Design (U.S), Bresslergroup (U.S), Biomerics (U.S), Integrated Computer Solutions, Inc. (U.S), Freudenberg Medical (U.S), DeviceLAb Ltd. (U.S), Cambridge Design Partnership Ltd. (U.K), Aran Biomedical (Ireland).
The major countries covered in the Product Design and Development Services Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The Product Design and Development Services Market is to grow at a CAGR of 5.30% during the forecast by 2029.
The Product Design and Development Services Market value is expected USD 8.21 billion by 2029.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials