Product Design and Development Services Market Analysis, Scope, and Growth by 2028
Product Design and Development Services Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 9.52 Billion |
| Market Size by 2028 | US$ 17.66 Billion |
| Global CAGR (2022 - 2028) | 10.9% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Services
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
End User-Based Insights
Based on the end user, the product design and development services market has been categorized into medical companies, pharmaceutical companies, biotechnology companies, and contract research organizations (CROs). The medical companies held the largest market share in 2022.
The product design and development services market players adopt organic strategies such as product launch and expansion to expand their footprint and product portfolio worldwide.
By Geography, the product design and development services market is segmented in North America (the US, Canada, and Mexico), Europe (France, Germany, Italy, the UK, Spain, and the Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and the Rest of APAC), Middle East & Africa (Saudi Arabia, South Africa, the UAE, and the Rest of MEA), and South and Central America (Brazil, Argentina, and the Rest of SCAM).
Ximedica, DeviceLab Inc., Jabil Inc, Flex Ltd, Plexus Corp, Celestics Inc., Starfish Product Engineering Inc., Nordson Corporation, Planet Innovation, and Sterling Medical Devices are among the leading companies operating in the product design and development services market.
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