Mexico Product Design And Development Services Market Size & Outlook
Mexico product design and development services market, 2018-2030 (US$M)
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Mexico product design and development services market highlights
- The Mexico product design and development services market generated a revenue of USD 202.7 million in 2022 and is expected to reach USD 375.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8% 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 202.7 million |
| Market revenue in 2030 | USD 375.1 million |
| Growth rate | 8% (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, Mexico accounted for 1.3% 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 Latin America, Brazil product design and development services market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 192.9 million by 2030.
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Product Design And Development Services Market Scope
Product Design And Development Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 39.62% in 2022. Horizon Databook has segmented the Mexico 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.
Mexico has emerged as a preferred destination for the design, development, and manufacturing of medical devices in Latin America. Majority of the medical device investments come from the U.S.
A highly skilled workforce, cost competitiveness, and protection of intellectual property have encouraged various U.S. medical device technology companies to expand their operations in Mexico.
Beginning with the manufacturing of medical devices, the country has moved towards developing advanced and innovative medical device applications. This is expected to contribute to the growth of product design and development services market.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico product design and development services market , including forecasts for subscribers. This country databook contains high-level insights into Mexico product design and development services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico product design and development services market size, by services, 2018-2030 (US$M)
Mexico Product Design And Development Services Market Outlook Share, 2022 & 2030 (US$M)
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