Saudi Arabia Product Design And Development Services Market Size & Outlook
Saudi Arabia product design and development services market, 2018-2030 (US$M)
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Saudi Arabia product design and development services market highlights
- The Saudi Arabia product design and development services market generated a revenue of USD 155.2 million in 2022 and is expected to reach USD 288.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.1% 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 155.2 million |
| Market revenue in 2030 | USD 288.6 million |
| Growth rate | 8.1% (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, Saudi Arabia accounted for 1.0% 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 Middle East & Africa, Saudi Arabia product design and development services market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 209.6 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 |
|---|
Saudi Arabia 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 Saudi Arabia 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.
Saudi Arabia is one of the largest medical device markets in the Middle East region. However, the future of medical devices outsourcing market looks good as local companies with regulatory know-how are paramount to enter the country’s market.
Non-communicable diseases, such as cancer, cardiovascular diseases, and diabetes, have become the leading cause of death and are estimated to account for over 50% of total deaths in the past few years, which is expected to boost the demand for advanced treatments.
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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 Saudi Arabia product design and development services market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia product design and development services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia product design and development services market size, by services, 2018-2030 (US$M)
Saudi Arabia Product Design And Development Services Market Outlook Share, 2022 & 2030 (US$M)
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