U.S. Product Design And Development Services Market Size & Outlook
U.S. product design and development services market, 2018-2030 (US$M)
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U.S. product design and development services market highlights
- The U.S. product design and development services market generated a revenue of USD 3,423.1 million in 2022 and is expected to reach USD 6,775.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8.9% 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 3,423.1 million |
| Market revenue in 2030 | USD 6,775.9 million |
| Growth rate | 8.9% (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, U.S. accounted for 21.7% 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 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.
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Product Design And Development Services Market Scope
Product Design And Development Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 39.82% in 2022. Horizon Databook has segmented the U.S. 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.
Large medical device companies are outsourcing part of their functions such as report writing & publishing, clinical trial application services, product design, and product maintenance to regulatory service providers, thereby contributing to the growth of overall medical device outsourcing market in the U.S.
These companies are also increasingly inclined toward medical device product design and development due to requirement of high maintenance and efficient systems for management of raw materials that helps in minimizing the overall setup costs and regulatory requirements.
Moreover, medical device product design and development services outsourcing enables the company to focus on core capabilities, sharing of associated risks, and improved service delivery, which are pertinent to gaining competitive advantages.
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Target buyers of U.S. 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 country-level data and insights on the U.S. product design and development services market , including forecasts for subscribers. This country databook contains high-level insights into U.S. product design and development services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. product design and development services market size, by services, 2018-2030 (US$M)
U.S. Product Design And Development Services Market Outlook Share, 2022 & 2030 (US$M)
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