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Europe Product Design and Development Services Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Services (Research, Strategy, and Concept Generation; Concept and Requirement Development; Detailed Design and Process Development; Process Validation, Manufacturing Transfer, and Design Validation; and Other Services), Application (Diagnostic Equipment, Therapeutic Equipment, Surgical Instruments, Clinical Laboratory Equipment, Biological Storage, Consumables, and Others), and End User (Medical Companies, Pharmaceutical Companies, Biotechnology Companies, and Contract Research Organizations)
Market Report I 2022-10-14 I 140 Pages I The Insight Partners
The product design and development services market in Europe is expected to grow from US$ 1,825.93 million in 2022 to US$ 3,352.46 million by 2028. It is estimated to grow at a CAGR of 10.7% from 2022 to 2028.
High Demand for Quality Products in Healthcare due to Rising Health Concern
Among Geriatric Population
For the older population, good health ensures security, independence, and productivity. However, millions in the aging population struggle daily with falls, chronic diseases, physical inactivity, oral health concerns, behavioral health issues, and other health challenges that hamper the quality of life. For records, 80% of the geriatric population possess at least one chronic condition, and 70% of Medicare beneficiaries have two or more. To overcome such conditions, demand for quality products with innovative design is rising. Also, medical device companies are improving clinical outcomes among patient groups through connected products. For example, Ximedica developed products focusing on data strategies for equipment, customers, and patients with elegant and personalized experiences for clinical users and patients by creating secure, scalable, and compliant digital solutions. Additionally, in November 2021, a Radiological Society of Europe show in Chicago was arranged where medical device manufacturers showcased numerous product innovations. For example, GE Healthcare featured a new image-guided X-ray system that possesses functionality like a robot.
New products and services assemble personal and big data, including genomics, preference, lifestyle information, and social determinant factors, that can create ground-breaking solutions. One such example of the solution is Livongo. Livongo is a chronic disease management platform that can be referred to as an "applied health signals" company using the Aggregate, Interpret (AI)+ Apply, and Iterate (AI) formula with functionality such as Aggregate, Interpret, Apply, and Iterate. Also, the platform delivers actionable, personalized, and timely recommendations that assist the user in managing chronic disease. Therefore, the growing health concerns among the population propel the demand for quality products in healthcare, which positively influences the growth of the product design and development services market.
Market Overview
The Europe product design and development services market is segmented into Germany, France, Italy, Spain, the UK, Russia, and the Rest of Europe. In Europe, the product design and development services market is witnessing growth due to the rising adoption of advanced medical devices with reduced time to design and manufacture a device. Moreover, the growing healthcare expenditure and advanced infrastructure arelikely to create more market opportunities in the coming years in the region.
The Europe product design and development services market is categorized into the US, Canada, and Mexico. Europe is likely to capture a significant share of the global market in 2022. The market growth in Europe is attributed to the extended presence of contract manufacturing organizations (CMOs) responsible for offering product design and development services. Further, the key market players across the region are expanding their reach of services through mergers and acquisitions. Moreover, the robust increase in the manufacturing of medical devices to meet the rising demand for efficient healthcare is expected to aid the growth of the Europen product design and development services market during the forecast period.
Europe Product Design and Development Services Market Revenue and Forecast to 2028 (US$ Million)
Europe Product Design and Development Services Market Segmentation
Europe product design and development services market is segmented into services, application, end user, and country.
Based on services, the product design and development services market is segmented into research, strategy, and concept generation; concept and requirements developments; detailed design and process development; design verification; process validation, manufacturing transfer, and design validation; and other services. Research, strategy, and concept generation segment accounted for the largest market share.
Based on application, the product design and development market is segmented into diagnostic equipment, therapeutic equipment, surgical instruments, clinical laboratory equipment, biological storage, consumables, and others. The surgical instruments segment is likely to dominate the market in 2022.
Based on the end user, the product design and development services market has been categorized into medical companies, pharmaceutical companies, biotechnology companies, and contract research organizations (CROs). The medical companies held the largest market share in 2022.
Based on country, the market is segmented into France, Germany, UK, Italy, Spain, and the Rest of Europe. Germany dominated the market share in 2022.
Celestica Inc.; FLEX LTD.; Jabil, Inc.; NORDSON CORPORATION; and Plexus Corp. are the leading companies operating in the product design and development services market in the region.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Product Design and Development Services Market - By Services
1.3.2 Europe Product Design and Development Services Market - By Application
1.3.3 Europe Product Design and Development Services Market - By End User
1.3.4 Europe Product Design and Development Services Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Product Design and Development Services Market - Market Landscape
4.1 Overview
4.2 Europe PEST Analysis
4.3 Experts Opinion
5. Europe Product Design and Development Services Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Ongoing Advancements in Technologies
5.1.2 High Demand for Quality Products in Healthcare due to Rising Health Concerns Among Geriatric Population
5.2 Market Restraints
5.2.1 Data Breach and Information Security Concerns
5.3 Market Opportunities
5.3.1 New Standards and Regulations Supportive Towards Innovative Product Design and Development
5.4 Future Trends
5.4.1 Utility of Portable Medical Devices
5.5 Impact Analysis
6. Product Design and Development Services Market- Europe Analysis
6.1 Europe Product Design and Development Services Market Revenue Forecast and Analysis
7. Europe Product Design and Development Market Revenue and Forecast to 2028 - by Services
7.1 Overview
7.2 Europe Product Design and Development Market Share, By Services 2022 & 2028 (%)
7.3 Research, Strategy and Concept Generation
7.3.1 Overview
7.3.2 Research, Strategy and Concept Generation: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
7.4 Concept and Requirements Development
7.4.1 Overview
7.4.2 Concept and Requirements Development: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
7.5 Detailed Design and Process Development
7.5.1 Overview
7.5.2 Detailed Design and Process Development: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
7.6 Design Verification
7.6.1 Overview
7.6.2 Design Verification: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
7.7 Process Validation, Manufacturing Transfer and Design Validation
7.7.1 Overview
7.7.2 Process Validation, Manufacturing Transfer and Design Validation: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
7.8 Other Services
7.8.1 Overview
7.8.2 Other Services: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
8. Europe Product Design and Development Market Revenue and Forecast to 2028 - by Application
8.1 Overview
8.2 Europe Product Design and Development Market Share, By Application 2022 & 2028 (%)
8.3 Diagnostic Equipment
8.3.1 Overview
8.3.2 Diagnostic Equipment: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
8.4 Therapeutic Equipment
8.4.1 Overview
8.4.2 Therapeutic Equipment: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
8.5 Surgical Instruments
8.5.1 Overview
8.5.2 Surgical Instruments: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
8.6 Clinical Laboratory Equipment's
8.6.1 Overview
8.6.2 Clinical Laboratory Equipment's: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
8.7 Biological Store
8.7.1 Overview
8.7.2 Biological Store: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
8.8 Consumables
8.8.1 Overview
8.8.2 Consumables: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
9. Europe Product Design and Development Market Revenue and Forecast to 2028 - by End User
9.1 Overview
9.2 Europe Product Design and Development Market Share, By Services 2022 & 2028 (%)
9.3 Medical Device Companies
9.3.1 Overview
9.3.2 Medical Device Companies: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
9.4 Pharmaceutical Companies
9.4.1 Overview
9.4.2 Pharmaceutical Companies: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
9.5 Biotechnology Companies
9.5.1 Overview
9.5.2 Biotechnology Companies: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
9.6 Contract Research Companies
9.6.1 Overview
9.6.2 Contract Research Companies: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
10. Europe Product Design and Development Services Market Revenue and Forecasts to 2028 - Country Analysis
10.1 Overview
10.1.1 Europe: Product Design and Development Services Market, Revenue and Forecasts to 2028, By Country (%)
10.1.1.1 Germany: Product Design and Development Services Market -Revenue and Forecasts to 2028 (US$ Million)
10.1.1.1.1 Germany: Product Design and Development Services Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.2 Germany Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
10.1.1.1.3 Germany Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
10.1.1.1.4 Germany Product Design and Development Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
10.1.1.2 France: Product Design and Development Services Market Revenue and Forecasts to 2028 (US$ Million)
10.1.1.2.1 France: Product Design and Development Services Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.2 France Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
10.1.1.2.3 France Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
10.1.1.2.4 France Product Design and Development Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
10.1.1.3 UK: Product Design and Development Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 UK: Product Design and Development Services Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.2 UK Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
10.1.1.3.3 UK Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
10.1.1.3.4 UK Product Design and Development Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
10.1.1.4 Italy: Product Design and Development Services Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Italy: Product Design and Development Services Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.2 Italy Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
10.1.1.4.3 Italy Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
10.1.1.4.4 Italy Product Design and Development Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
10.1.1.5 Spain: Product Design and Development Services Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Spain: Product Design and Development Services Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.2 Spain Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
10.1.1.5.3 Spain Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
10.1.1.5.4 Spain Product Design and Development Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
10.1.1.6 Rest of Europe: Product Design and Development Services Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Product Design and Development Services Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.2 Rest of Europe Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
10.1.1.6.3 Rest of Europe Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
10.1.1.6.4 Rest of Europe Product Design and Development Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
11. Product Design and Development Services Market-Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 Jabil Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 FLEX LTD.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Plexus Corp.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Celestica Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 NORDSON CORPORATION
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Germany Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
Table 2. Germany Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
Table 3. Germany Product Design and Development Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 4. France Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
Table 5. France Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
Table 6. France Product Design and Development Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 7. UK Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
Table 8. UK Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
Table 9. UK Product Design and Development Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 10. Italy Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
Table 11. Italy Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
Table 12. Italy Product Design and Development Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 13. Spain Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
Table 14. Spain Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
Table 15. Spain Product Design and Development Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 16. Rest of Europe Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
Table 17. Rest of Europe Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
Table 18. Rest of Europe Product Design and Development Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 19. Organic Developments Done By Companies
Table 20. Inorganic Developments Done By Companies
Table 21. Glossary of Terms
LIST OF FIGURES
Figure 1. Europe Product Design and Development Services Market Segmentation
Figure 2. Europe Product Design and Development Services Market, By Country
Figure 3. Europe Product Design and Development Services Market Overview
Figure 4. Service Segment Held Largest Share of Type Segment in Europe Product Design and Development Services Market
Figure 5. UK is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Europe: PEST Analysis
Figure 7. Experts Opinion
Figure 8. Impact Analysis of Drivers and Restraints Pertaining to Europe Product Design and Development Services Market
Figure 9. Europe: Product Design and Development Services Market Revenue and Forecasts to 2028 (US$ Million)
Figure 10. Europe Product Design and Development Market Share, By Services 2022 & 2028 (%)
Figure 11. Europe Research, Strategy and Concept Generation: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 12. Europe Concept and Requirements Development: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 13. Europe Detailed Design and Process Development: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 14. Europe Design Verification: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 15. Europe Process Validation, Manufacturing Transfer and Design Validation: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 16. Europe Other Services: Product Design and Development Services Market Revenue and Forecast To 2028 (US$ Million)
Figure 17. Europe Product Design and Development Market Share, By Application 2022 & 2028 (%)
Figure 18. Europe Diagnostic Equipment: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 19. Europe Therapeutic Equipment: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 20. Europe Surgical Instruments: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 21. Europe Clinical Laboratory Equipments: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 22. Europe Biological Store: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 23. Europe Consumables: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 24. Europe Others: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 25. Europe Product Design and Development Market Share, By Services 2022 & 2028 (%)
Figure 26. Europe Medical Device Companies: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 27. Europe Pharmaceutical Companies: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 28. Europe Biotechnology Companies: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 29. Europe Contract Research Companies: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 30. Europe: Product Design and Development Services Market, Revenue Overview, by Country, 2022 (US$ Million)
Figure 31. Europe Product Design and Development Services Market, Revenue and Forecasts to 2028, By Country (%)
Figure 32. Germany Product Design and Development Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. France: Product Design and Development Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 34. UK: Product Design and Development Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 35. Italy: Product Design and Development Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 36. Spain: Product Design and Development Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 37. Rest of Europe: Product Design and Development Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 38. Growth Strategies Done by the Companies in the Market (%)
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