Global Product Design And Development Services Market Size & Outlook
The product design and development services industry worldwide is expected to reach a projected revenue of US$ 32,926.4 million by 2030. A compound annual growth rate of 9.6% is expected of the worldwide product design and development services industry from 2023 to 2030.
Revenue, 2022 (US$M)
$15,782.9
Forecast, 2030 (US$M)
$32,926.4
CAGR, 2023 - 2030
9.6%
Report Coverage
Worldwide
Global product design and development services market, 2018-2030 (US$M)
Related Markets
Global product design and development services market highlights
- The global product design and development services market generated a revenue of USD 15,782.9 million in 2022 and is expected to reach USD 32,926.4 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 9.6% by 2030.
- In terms of segment, research, strategy, & concept generation accounted for a revenue of USD 6,281.1 million in 2022.
- Process Validation, Manufacturing Transfer & Design Validation is the most lucrative services segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Kuwait is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 15,782.9 million |
| Market revenue in 2030 | USD 32,926.4 million |
| Growth rate | 9.6% (CAGR from 2022 to 2030) |
| Largest segment | Research, strategy, & concept generation |
| Fastest growing segment | Process Validation, Manufacturing Transfer & Design Validation |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Research, Strategy, & Concept Generation, Concept & Requirements Development, Detailed Design & Process Development, Design Verification, Process Validation, Manufacturing Transfer & Design Validation, Production & Commercial Support |
Other key industry trends
- In terms of revenue, the North America accounted for 25.0% of the global product design and development services market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 139.4 million by 2030.
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Product Design And Development Services Market Scope
Product design and development services market segmentation & scope
Others
Product Design And Development Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global product design and development services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to product design and development services market will help companies and investors design strategic landscapes.
research, strategy, & concept generation was the largest segment with a revenue share of 39.8% in 2022. Horizon Databook has segmented the Global product design and development services market based on research, strategy, & concept generation, concept & requirements development, detailed design & process development, design verification, process validation, manufacturing transfer & design validation, production & commercial support covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Product Design And Development Services Services Outlook (Revenue, USD Million, 2018-2030)
- Research, Strategy, & Concept Generation
- Concept & Requirements Development
- Detailed Design & Process Development
- Design Verification
- Process Validation, Manufacturing Transfer & Design Validation
- Production & Commercial Support
- Global Product Design And Development Services Application Outlook (Revenue, USD Million, 2018-2030)
- Diagnostic Equipments
- Therapeutic Equipments
- Clinical Laboratory Equipments
- Surgical Instruments
- Biological Storage
- Consumables
- Others
- Global Product Design And Development Services End Use Outlook (Revenue, USD Million, 2018-2030)
- Medical Device Companies
- Pharmaceutical Companies
- Biotechnology Companies
- Contract Research Organizations
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Target buyers of Global product design and development services market databook
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Our clientele includes a mix of product design and development services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global product design and development services market , including forecasts for subscribers. This global databook contains high-level insights into Global product design and development services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global product design and development services market statistics, by region, 2018-2030 (US$M)
Top 10 countries: Product design and development services market size, 2022 (USD Million)
Top 10 countries: Product design and development services market size, 2022 (USD Million)
Global product design and development services market, by region, 2022 (US$M)
Related regional statistics
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