South Africa Product Design And Development Services Market Size & Outlook
South Africa product design and development services market, 2018-2030 (US$M)
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South Africa product design and development services market highlights
- The South Africa product design and development services market generated a revenue of USD 108.4 million in 2022 and is expected to reach USD 209.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.6% 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 108.4 million |
| Market revenue in 2030 | USD 209.6 million |
| Growth rate | 8.6% (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, South Africa accounted for 0.7% 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 |
|---|
South Africa 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 39.76% in 2022. Horizon Databook has segmented the South Africa 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.
Various government initiatives, such as tax breaks, R&D credit, and establishment of South African Health Products Regulatory Authority (SAHPRA), are expected to increase foreign investments & collaborations in the country.
According to a report published by South African Medical Research Council, in 2022, medical device R&D in the country was very low; it was less than 1% compared to the total revenue of the industry in South Africa.
In April 2021, the South African Medical Research Council, along with the Department of Science and Innovation (DSI) and Technology Innovation Agency, launched Technology Innovation Cluster Program (TICP) for diagnostics and medical devices to improve innovation in the medical device industry.
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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 country-level data and insights on the South Africa product design and development services market , including forecasts for subscribers. This country databook contains high-level insights into South Africa product design and development services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa product design and development services market size, by services, 2018-2030 (US$M)
South Africa Product Design And Development Services Market Outlook Share, 2022 & 2030 (US$M)
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