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North America 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 144 Pages I The Insight Partners
The product design and development services market in North America is expected to grow from US$ 2,477.73 million in 2022 to US$ 4,564.15 million by 2028. It is estimated to grow at a CAGR of 10.7% from 2022 to 2028.
Rising Technological Advancements
Adoption of technologies plays a crucial role in business competitiveness. The use of technologies in healthcare allows professionals to diagnose, collect data, and treat medical conditions accurately and less invasively, improving the health of people. Imaging and diagnostic machines are bulky stationary devices requiring patients to visit a particular room in a hospital or physician's office. Considerable technological developments have been noticed in imaging and diagnostic equipment in the past decade. A new generation of compact devices can be used anywhere for patients. With costs dropping of imaging and diagnostic equipment dramatically and making devices accessible to smaller medical practices and clinics owing to the technological influx in diagnostic devices.
The technological advent has resulted in innovative features. For instance, AI-based medical devices can automate tasks, synthesize data from multiple sources, pinpoint trends, process and analyze information from wearable sensors, identify disease or the onset of medical conditions, identify risk for infection associated with complications. Also, computed tomography (CT) machines evolving from a 16-slice scanner to a 256-slice scanner can measure changes in blood flow and detect the smallest blockages in blood vessels. Therefore, improvements in every aspect of technology increase efficiency, functionality, and reliability. Such aforementioned factors stimulate the overall growth of the product design and development services market.
Market Overview
The North America product design and development services market is categorized into the US, Canada, and Mexico. North America is likely to capture a significant share of the global market in 2022. The market growth in North America 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 North American product design and development services market during the forecast period.
North America Product Design and Development Services Market Revenue and Forecast to 2028 (US$ Million)
North America Product Design and Development Services Market Segmentation
North America 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 the US, Canada, and Mexico. The US dominated the market share in 2022.
Celestica Inc.; DeviceLab Inc.; FLEX LTD.; Jabil, Inc.; NORDSON CORPORATION; Planet Innovation; Plexus Corp.; Starfish Product Engineering Inc.; Sterling Medical Devices; and Ximedica 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 North America Product Design and Development Services Market - By Services
1.3.2 North America Product Design and Development Services Market - By Application
1.3.3 North America Product Design and Development Services Market - By End User
1.3.4 North America 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. North America Product Design and Development Services Market - Market Landscape
4.1 Overview
4.2 North America PEST Analysis
4.3 Experts Opinion
5. North America Product Design and Development Services Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Technological Advancement
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- North America Analysis
6.1 North America Product Design and Development Services Market Revenue Forecast and Analysis
7. North America Product Design and Development Market Revenue and Forecast to 2028 - by Services
7.1 Overview
7.2 North America 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. orth America Product Design and Development Market Revenue and Forecast to 2028 - by Application
8.1 Overview
8.2 North America 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. North America Product Design and Development Market Revenue and Forecast to 2028 - by End User
9.1 Overview
9.2 North America 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. North America Product Design and Development Services Market Revenue and Forecasts to 2028 - Country Analysis
10.1 Overview
10.1.1 North America: Product Design and Development Services Market, by Country, 2022 & 2028 (%)
10.1.1.1 US: Product Design and Development Services Market - Revenue and Forecast to 2028 (USD Million)
10.1.1.1.1 US: Product Design and Development Services Market - Revenue and Forecast to 2028 (USD Million)
10.1.1.1.2 US Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
10.1.1.1.3 US Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
10.1.1.1.4 US Product Design and Development Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
10.1.1.2 Canada: Product Design and Development Services Market - Revenue and Forecast to 2028 (USD Million)
10.1.1.2.1 Canada: Product Design and Development Services Market - Revenue and Forecast to 2028 (USD Million)
10.1.1.2.2 Canada Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
10.1.1.2.3 Canada Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
10.1.1.2.4 Canada Product Design and Development Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
10.1.1.3 Mexico: Product Design and Development Services Market - Revenue and Forecast to 2028 (USD Million)
10.1.1.3.1 Mexico: Product Design and Development Services Market - Revenue and Forecast to 2028 (USD Million)
10.1.1.3.2 Mexico Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
10.1.1.3.3 Mexico Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
10.1.1.3.4 Mexico 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 Ximedica
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 DeviceLab Inc.
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 Jabil Inc.
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 FLEX LTD.
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 Plexus Corp.
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
12.6 Celestica Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 StarFish Product Engineering Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 NORDSON CORPORATION
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Planet Innovation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Sterling Medical Devices
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. US Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
Table 2. US Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
Table 3. US Product Design and Development Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 4. Canada Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
Table 5. Canada Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
Table 6. Canada Product Design and Development Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 7. Mexico Product Design and Development Services Market, by Services- Revenue and Forecast to 2028 (USD Million)
Table 8. Mexico Product Design and Development Services Market, by Application- Revenue and Forecast to 2028 (USD Million)
Table 9. Mexico Product Design and Development Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 10. Organic Developments Done By Companies
Table 11. Inorganic Developments Done By Companies
Table 12. Glossary of Terms
LIST OF FIGURES
Figure 1. North America Product Design and Development Services Market Segmentation
Figure 2. North America Product Design and Development Services Market, By Country
Figure 3. North America Product Design and Development Services Market Overview
Figure 4. Service Segment Held Largest Share of Type Segment in North America Product Design and Development Services Market
Figure 5. US is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. North America: PEST Analysis
Figure 7. Experts Opinion
Figure 8. Impact Analysis of Drivers and Restraints Pertaining to North America Product Design and Development Services Market
Figure 9. North America Product Design and Development Services Market - Forecast and Analysis - 2020 - 2028
Figure 10. North America Product Design and Development Market Share, By Services 2022 & 2028 (%)
Figure 11. North America Research, Strategy and Concept Generation: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 12. North America Concept and Requirements Development: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 13. North America Detailed Design and Process Development: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 14. North America Design Verification: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 15. North America Process Validation, Manufacturing Transfer and Design Validation: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 16. North America Other Services: Product Design and Development Services Market Revenue and Forecast To 2028 (US$ Million)
Figure 17. North America Product Design and Development Market Share, By Application 2022 & 2028 (%)
Figure 18. North America Diagnostic Equipment: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 19. North America Therapeutic Equipment: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 20. North America Surgical Instruments: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 21. North America Clinical Laboratory Equipments: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 22. North America Biological Store: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 23. North America Consumables: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 24. North America Others: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 25. North America Product Design and Development Market Share, By Services 2022 & 2028 (%)
Figure 26. North America Medical Device Companies: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 27. North America Pharmaceutical Companies: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 28. North America Biotechnology Companies: Product Design and Development Market Revenue and Forecast To 2028 (US$ Million)
Figure 29. North America Contract Research Companies: Product Design and Development Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America: Product Design and Development Services Market, by Key Country - Revenue (2022) (USD Million)
Figure 31. North America: Product Design and Development Services Market, by Country, 2022 & 2028 (%)
Figure 32. US: Product Design and Development Services Market - Revenue and Forecast to 2028 (USD Million)
Figure 33. Canada: Product Design and Development Services Market - Revenue and Forecast to 2028 (USD Million)
Figure 34. Mexico: Product Design and Development Services Market - Revenue and Forecast to 2028 (USD Million)
Figure 35. Growth Strategies Done by the Companies in the Market (%)
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