Canada Product Design And Development Services Market Size & Outlook
Canada product design and development services market, 2018-2030 (US$M)
Related Markets
Canada product design and development services market highlights
- The Canada product design and development services market generated a revenue of USD 525.9 million in 2022 and is expected to reach USD 1,144.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.2% from 2023 to 2030.
- In terms of segment, research, strategy, & concept generation was the largest revenue generating services in 2022.
- Process Validation, Manufacturing Transfer & Design Validation is the most lucrative services segment registering the fastest growth during the forecast period.
Product design and development services market data book summary
| Market revenue in 2022 | USD 525.9 million |
| Market revenue in 2030 | USD 1,144.1 million |
| Growth rate | 10.2% (CAGR from 2022 to 2030) |
| Largest segment | Research, strategy, & concept generation |
| Fastest growing segment | Process Validation, Manufacturing Transfer & Design Validation |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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 |
| Key market players worldwide | Ximedica, DeviceLab, Jabil Inc, Flex Ltd, Plexus Corp, Celestica Inc Ordinary Shares (Subordinate Voting), StarFish Medical, Nordson Corp, Planet Innovation, Donatelle, Cambridge Design Partnership, Integer Holdings Corp, Cirtec Medical |
Other key industry trends
- In terms of revenue, Canada accounted for 3.3% of the global product design and development services market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. product design and development services market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,144.1 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Product Design And Development Services Market Scope
Product Design And Development Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 39.63% in 2022. Horizon Databook has segmented the Canada 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.
Healthcare infrastructure in Canada is favorable for medical device manufacturers looking to develop that can enhance care provision and cost-efficiency.
Canada’s regulatory environment is governed by Health Canada and there has been tremendous support from the government for encouraging investment in medical device manufacturing.
Presence of a well-established healthcare system and support by the government are expected to result in increased number of medical device manufacturers in the region.
Reasons to subscribe to Canada product design and development services market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Canada product design and development services market databook
-
Our clientele includes a mix of product design and development services market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the Canada product design and development services market , including forecasts for subscribers. This country databook contains high-level insights into Canada product design and development services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada product design and development services market size, by services, 2018-2030 (US$M)
Canada Product Design And Development Services Market Outlook Share, 2022 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
