Product Design And Development Services Market Size, Share & Trends Analysis Report By Services, By Application (Diagnostic Equipment, Surgical Instruments), By End Use, By Region, And Segment Forecasts, 2019 - 2026

Published: Dec, 2019 | Pages: 150 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The global product design and development services market size is expected to reach USD 17.1 billion by the end of 2026, exhibiting a CAGR of 10.9% over the forecast period, according to a new report published by Grand View Research, Inc. Low product cost, short time-to-market, and demand for advanced technologies are some of the factors boosting the growth. Medical and life sciences companies face extreme cost pressures to develop new innovative products in shorter time frames while complying with stringent regulatory requirements of medical device. The regulatory process greatly affects the pathway of device development.

The manufacturers face more hurdles in getting cost-effective high-quality products to market faster along with some internal factors, such as designing and production. Hence, medical device companies adopt a design-to-manufacturing approach where design, engineering, as well as production teams work in collaboration to form product model. This approach enhances both product quality and profitability by decreasing errors in development and designing thereby increasing success rates.

Outsourcing design engineering is anticipated to witness healthy growth over the forecast period as an increased number of manufacturers-from start-up ventures to established companies-capitalize on the benefits related to outsourcing design engineering such as improved product design and cost-effectiveness to attain a competitive edge.

Besides, expert engineering organizations can offer broad multidisciplinary expertise to supplement internal skills, resulting into superior as well as market-dominating products. Outsourcing to a third-party can bring greater control to the development of a medical device as they are bound by contract to perform and deliver.

Further key findings from the report suggest:

• The research, strategy, and concept generation services segment accounted for the highest revenue share in 2018 as the stage requires extensive research and business and design strategy that generate maximum revenue

• The surgical instruments segment held major market share of 26.6% in 2018, due to the complexity of instruments required in detailed designing for making them suitable for direct contact with human body

• Key players in emerging economies of Asia Pacific and Latin America are witnessing significant increase in their revenue owing to the presence of lucrative growth opportunities. Medical device Original Equipment Manufacturers (OEMs) are outsourcing the production of their devices to these economies due to availability of labor and raw materials at affordable cost

• Some of the players operating in the product design and development services market are Ximedica; DeviceLab Inc.; Jabil Inc.; Flex Ltd.; Plexus Corp.; Celestica Inc.; Starfish Medical; Nordson MEDICAL; Planet Innovation; and Donatelle

 Table of Contents

Chapter 1 Methodology and Scope
                    1.1 Market Segmentation & Scope
                        1.1.1 Services
                        1.1.2 Regional Scope
                        1.1.3 Estimates And Forecast Timeline
                    1.2 Research Methodology
                    1.3 Information Procurement
                        1.3.1 purchased database
                        1.3.2 gvr's internal database
                        1.3.3 secondary sources
                        1.3.4 primary research
                        1.3.5 details of primary research
                    1.4 Information or Data Analysis
                        1.4.1 Data Analysis Models
                    1.5 Market Formulation & Validation
                    1.6 Model Details
                        1.6.1 Commodity Flow Analysis (Model 1)
                        1.6.2 Volume Price Analysis (Model 2)
                    1.7 List of Secondary Sources
                    1.8 List of Primary Sources
                    1.9 List of Abbreviations
                    1.10 Objectives
                        1.10.1 Objective - 1:
                        1.10.2 Objective - 2:
                        1.10.3 Objective - 3:
                        1.10.4 Objective - 4:
Chapter 2 Executive Summary
                    2.1 Market Outlook
Chapter 3 Product Design and Development Services Market: Variables, Trends, & Scope
                    3.1 Market Segmentation and Scope
                    3.2 Market Driver Analysis
                        3.2.1 Increasing complexity with respect to product design and engineering
                        3.2.2 Rising price competition and the requirement to reduce cost
                        3.2.3 Increasing trend toward smaller and more portable products
                    3.3 Market Restraint Analysis
                        3.3.1 Lack of Funding
                        3.3.2 Threat of information loss to the OEMs
                    3.4 Industry Challenge
                    3.5 Regulatory Framework
                    3.6 Penetration & Growth Prospect Mapping
                    3.7 Porter's Five Forces Analysis
                    3.8 PESTEL Analysis
Chapter 4 Product Design and Development Services Market: Services Segment Analysis
                    4.1 Product Design and Development Services: Market Share Analysis, 2018 & 2026
                    4.2 Research, Strategy, & Concept Generation
                        4.2.1 Research, Strategy, & Concept Generation market, 2015 - 2026 (USD Million)
                    4.3 Concept & Requirements Development
                        4.3.1 Concept & Requirements Development market, 2015 - 2026 (USD Million)
                    4.4 Detailed Design & Process Development
                        4.4.1 Detailed Design & Process Development market, 2015 - 2026 (USD Million)
                    4.5 Design Verification
                        4.5.1 Design Verification market, 2015 - 2026 (USD Million)
                    4.6 Process Validation, Manufacturing Transfer & Design Validation
                        4.6.1 Process Validation, Manufacturing Transfer & Design Validation market, 2015 - 2026 (USD Million)
                    4.7 Production & Commercial Support
                        4.7.1 Production & Commercial Support market, 2015 - 2026 (USD Million)
Chapter 5 Product Design and Development Services Market: Application Segment Analysis
                    5.1 Product Design and Development Services: Market Share Analysis, 2018 & 2026
                    5.2 Diagnostic Devices
                        5.2.1 Diagnostic devices market, 2015 - 2026 (USD Million)
                    5.3 Therapeutic Devices
                        5.3.1 Therapeutic devices market, 2015 - 2026 (USD Million)
                    5.4 Clinical Laboratory Equipment's
                        5.4.1 Clinical Laboratory Equipment's market, 2015 - 2026 (USD Million)
                    5.5 Surgical Instruments
                        5.5.1 Surgical Instruments market, 2015 - 2026 (USD Million)
                    5.6 Biological Storage
                        5.6.1 Biological Storage market, 2015 - 2026 (USD Million)
                    5.7 Consumables and Accessories
                        5.7.1 Consumables and accessories market, 2015 - 2026 (USD Million)
                    5.8 Others
                        5.8.1 Others market, 2015 - 2026 (USD Million)
Chapter 6 Product Design and Development Services Market: End-use Segment Analysis
                    6.1 Product Design and Development Services: Market Share Analysis, 2018 & 2026
                    6.2 Medical Device Companies
                        6.2.1 Medical Device Companies market, 2015 - 2026 (USD Million)
                    6.3 Pharmaceutical Companies
                        6.3.1 Pharmaceutical Companies market, 2015 - 2026 (USD Million)
                    6.4 Biotechnology Companies
                        6.4.1 Biotechnology Companies market, 2015 - 2026 (USD Million)
                    6.5 Contract Research Organizations
                        6.5.1 Contract Research Organizations market, 2015 - 2026 (USD Million)
Chapter 7 Product Design and Development Services Market: Regional Analysis
                    7.1 Product Design and Development Services: Market Share Analysis, 2018 & 2026
                    7.2 North America
                        7.2.1 North America Product Design and Development Services market, 2015 - 2026 (USD Million)
                        7.2.2 U.S.
                            7.2.2.1 U.S. product design and development services market, 2015 - 2026 (USD Million)
                        7.2.3 Canada
                            7.2.3.1 Canada product design and development services market, 2015 - 2026 (USD Million)
                    7.3 Europe
                        7.3.1 Europe product design and development services market, 2015 - 2026 (USD Million)
                        7.3.2 U.K.
                            7.3.2.1 U.K. product design and development services market, 2015 - 2026 (USD Million)
                        7.3.3 Germany
                            7.3.3.1 Germany product design and development services market, 2015 - 2026 (USD Million)
                        7.3.4 France
                            7.3.4.1 France product design and development services market, 2015 - 2026 (USD Million)
                        7.3.5 Italy
                            7.3.5.1 Italy product design and development services market, 2015 - 2026 (USD Million)
                        7.3.6 Spain
                            7.3.6.1 Spain product design and development services market, 2015 - 2026 (USD Million)
                    7.4 Asia Pacific
                        7.4.1 Asia Pacific product design and development services market, 2015 - 2026 (USD Million)
                        7.4.2 Japan
                            7.4.2.1 Japan product design and development services market, 2015 - 2026 (USD Million)
                        7.4.3 China
                            7.4.3.1 China product design and development services market, 2015 - 2026 (USD Million)
                        7.4.4 India
                            7.4.4.1 India product design and development services market, 2015 - 2026 (USD Million)
                        7.4.5 Australia
                            7.4.5.1 Australia product design and development services market, 2015 - 2026 (USD Million)
                        7.4.6 South Korea
                            7.4.6.1 South Korea product design and development services market, 2015 - 2026 (USD Million)
                    7.5 Latin America
                        7.5.1 Latin America product design and development services market, 2015 - 2026 (USD Million)
                        7.5.2 Brazil
                            7.5.2.1 Brazil product design and development services market, 2015 - 2026 (USD Million)
                        7.5.3 Mexico
                            7.5.3.1 Mexico product design and development services market, 2015 - 2026 (USD Million)
                        7.5.4 Argentina
                            7.5.4.1 Argentina product design and development services market, 2015 - 2026 (USD Million)
                    7.6 MEA
                        7.6.1 MEA product design and development services market, 2015 - 2026 (USD Million)
                        7.6.2 South Africa
                            7.6.2.1 South Africa product design and development services market, 2015 - 2026 (USD Million)
                        7.6.3 Saudi Arabia
                            7.6.3.1 Saudi Arabia product design and development services market, 2015 - 2026 (USD Million)
                        7.6.4 UAE
                            7.6.4.1 UAE product design and development services market, 2015 - 2026 (USD Million)
Chapter 8 Company Profiles
                    8.1 Company Profiles
                        8.1.1 Ximedica
                            8.1.1.1 Company overview
                            8.1.1.2 Service benchmarkinG
                        8.1.2 DeviceLab Inc.
                            8.1.2.1 Company Overview
                            8.1.2.2 SErvice benchmarking
                        8.1.3 Jabil, Inc.
                            8.1.3.1 Company overview
                            8.1.3.2 Financial performance
                            8.1.3.3 Service benchmarking
                            8.1.3.4 Strategic initiatives
                        8.1.4 Flex Ltd.
                            8.1.4.1 Company overview
                            8.1.4.2 Financial performance
                            8.1.4.3 Service benchmarking
                            8.1.4.4 Strategic initiatives
                        8.1.5 Plexus Corp.
                            8.1.5.1 Company overview
                            8.1.5.2 Financial performance
                            8.1.5.3 Service benchmarking
                            8.1.5.4 Strategic initiatives
                        8.1.6 Celestia Inc.
                            8.1.6.1 Company overview
                            8.1.6.2 Financial performance
                            8.1.6.3 Service benchmarking
                            8.1.6.4 Strategic initiatives
                        8.1.7 StarFish Medical
                            8.1.7.1 Company overview
                            8.1.7.2 Service benchmarking
                        8.1.8 Nordson Medical
                            8.1.8.1 Company overview
                            8.1.8.2 Financial performance
                            8.1.8.3 Service benchmarking
                            8.1.8.4 Strategic initiatives
                        8.1.9 Planet Innovation
                            8.1.9.1 Company overview
                            8.1.9.2 Service benchmarking
                        8.1.10 Donatelle
                            8.1.10.1 Company overview
                            8.1.10.2 Service benchmarking

List of Tables

Table 1 List of abbreviation
Table 2 List of secondary sources
Table 3 Global product design and development services market, by region, 2015 - 2026 (USD Million)
Table 4 Global product design and development services market, by services, 2015 - 2026 (USD Million)
Table 5 Global product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 6 North America product design and development services market, by country, 2015 - 2026 (USD Million)
Table 7 North America product design and development services market, by services, 2015 - 2026 (USD Million)
Table 8 North America product design and development services market, by application, 2015 - 2026 (USD Million)
Table 9 North America product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 10 U.S. product design and development services market, by services, 2015 - 2026 (USD Million)
Table 11 U.S. product design and development services market, by application, 2015 - 2026 (USD Million)
Table 12 U.S. product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 13 Canada product design and development services market, by services, 2015 - 2026 (USD Million)
Table 14 Canada product design and development services market, by application, 2015 - 2026 (USD Million)
Table 15 Canada product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 16 Europe product design and development services market, by country, 2015 - 2026 (USD Million)
Table 17 Europe product design and development services market, by services, 2015 - 2026 (USD Million)
Table 18 Europe product design and development services market, by application, 2015 - 2026 (USD Million)
Table 19 Europe product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 20 U.K. product design and development services market, by services, 2015 - 2026 (USD Million)
Table 21 U.K. product design and development services market, by application, 2015 - 2026 (USD Million)
Table 22 U.K. product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 23 Germany product design and development services market, by services, 2015 - 2026 (USD Million)
Table 24 Germany product design and development services market, by application, 2015 - 2026 (USD Million)
Table 25 Germany product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 26 France product design and development services market, by services, 2015 - 2026 (USD Million)
Table 27 France product design and development services market, by application, 2015 - 2026 (USD Million)
Table 28 France product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 29 Italy product design and development services market, by services, 2015 - 2026 (USD Million)
Table 30 Italy product design and development services market, by application, 2015 - 2026 (USD Million)
Table 31 Italy product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 32 Spain product design and development services market, by services, 2015 - 2026 (USD Million)
Table 33 Spain product design and development services market, by application, 2015 - 2026 (USD Million)
Table 34 Spain product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 35 Asia Pacific product design and development services market, by country, 2015 - 2026 (USD Million)
Table 36 Asia Pacific product design and development services market, by services, 2015 - 2026 (USD Million)
Table 37 Asia Pacific product design and development services market, by application, 2015 - 2026 (USD Million)
Table 38 Asia Pacific product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 39 India product design and development services market, by services, 2015 - 2026 (USD Million)
Table 40 India product design and development services market, by application, 2015 - 2026 (USD Million)
Table 41 India product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 42 Japan product design and development services market, by services, 2015 - 2026 (USD Million)
Table 43 Japan product design and development services market, by application, 2015 - 2026 (USD Million)
Table 44 Japan product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 45 China product design and development services market, by services, 2015 - 2026 (USD Million)
Table 46 China product design and development services market, by application, 2015 - 2026 (USD Million)
Table 47 China product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 48 Australia product design and development services market, by services, 2015 - 2026 (USD Million)
Table 49 Australia product design and development services market, by application, 2015 - 2026 (USD Million)
Table 50 Australia product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 51 South Korea product design and development services market, by services, 2015 - 2026 (USD Million)
Table 52 South Korea product design and development services market, by application, 2015 - 2026 (USD Million)
Table 53 South Korea product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 54 Latin America product design and development services market, by country, 2015 - 2026 (USD Million)
Table 55 Latin America product design and development services market, by services, 2015 - 2026 (USD Million)
Table 56 Latin America product design and development services market, by application, 2015 - 2026 (USD Million)
Table 57 Latin America product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 58 Brazil product design and development services market, by services, 2015 - 2026 (USD Million)
Table 59 Brazil product design and development services market, by application, 2015 - 2026 (USD Million)
Table 60 Brazil product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 61 Mexico product design and development services market, by services, 2015 - 2026 (USD Million)
Table 62 Mexico product design and development services market, by application, 2015 - 2026 (USD Million)
Table 63 Mexico product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 64 Argentina product design and development services market, by services, 2015 - 2026 (USD Million)
Table 65 Argentina product design and development services market, by application, 2015 - 2026 (USD Million)
Table 66 Argentina product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 67 Colombia product design and development services market, by services, 2015 - 2026 (USD Million)
Table 68 Colombia product design and development services market, by application, 2015 - 2026 (USD Million)
Table 69 Colombia product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 70 MEA product design and development services market, by country, 2015 - 2026 (USD Million)
Table 71 MEA product design and development services market, by services, 2015 - 2026 (USD Million)
Table 72 MEA product design and development services market, by application, 2015 - 2026 (USD Million)
Table 73 MEA product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 74 South Africa product design and development services market, by services, 2015 - 2026 (USD Million)
Table 75 South Africa product design and development services market, by application, 2015 - 2026 (USD Million)
Table 76 South Africa product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 77 Saudi Arabia product design and development services market, by services, 2015 - 2026 (USD Million)
Table 78 Saudi Arabia product design and development services market, by application, 2015 - 2026 (USD Million)
Table 79 Saudi Arabia product design and development services market, by end use, 2015 - 2026 (USD Million)
Table 80 UAE product design and development services market, by services, 2015 - 2026 (USD Million)
Table 81 UAE product design and development services market, by application, 2015 - 2026 (USD Million)
Table 82 UAE product design and development services market, by end use, 2015 - 2026 (USD Million)

List of Figures

Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Commodity Flow Analysis
Fig. 9 Volume Price Analysis
Fig. 10 Product design and development services market snapshot (2018)
Fig. 11 Market trends and outlook
Fig. 12 Product design and development services market segmentation
Fig. 13 Market driver relevance analysis (Current & future impact)
Fig. 14 Market restraint relevance analysis (Current & future impact)
Fig. 15 Penetration & growth prospect mapping
Fig. 16 Porter's five forces analysis
Fig. 17 SWOT analysis, by factor (political & legal, economic and technological)
Fig. 18 Product design and development services market services outlook: Segment dashboard
Fig. 19 Product design and development services market: Services movement analysis
Fig. 20 Research, strategy, & concept generation market, 2015 - 2026 (USD Million)
Fig. 21 Concept & requirements development market, 2015 - 2026 (USD Million)
Fig. 22 Detailed design & process development market, 2015 - 2026 (USD Million)
Fig. 23 Design verification market, 2015 - 2026 (USD Million)
Fig. 24 Process validation, manufacturing transfer & design validation market, 2015 - 2026 (USD Million)
Fig. 25 Production & commercial support market, 2015 - 2026 (USD Million)
Fig. 26 Product design and development services market application outlook: Segment dashboard
Fig. 27 Product design and development services market: Application movement analysis
Fig. 28 Diagnostic devices market, 2015 - 2026 (USD Million)
Fig. 29 Therapeutic devices market, 2015 - 2026 (USD Million)
Fig. 30 Clinical laboratory equipment's market, 2015 - 2026 (USD Million)
Fig. 31 Surgical instruments market, 2015 - 2026 (USD Million)
Fig. 32 Biological storage market, 2015 - 2026 (USD Million)
Fig. 33 Consumables and accessories market, 2015 - 2026 (USD Million)
Fig. 34 Others market, 2015 - 2026 (USD Million)
Fig. 35 Product design and development services market end-use outlook: Segment dashboard
Fig. 36 Product design and development services market: end-use movement analysis
Fig. 37 Medical device companies market, 2015 - 2026 (USD Million)
Fig. 38 Pharmaceutical companies market, 2015 - 2026 (USD Million)
Fig. 39 Biotechnology companies market, 2015 - 2026 (USD Million)
Fig. 40 Contract research organizations market, 2015 - 2026 (USD Million)
Fig. 41 Regional market: Key takeaways
Fig. 42 Regional outlook, 2018 & 2026
Fig. 43 North America market, 2015 - 2026 (USD Million)
Fig. 44 U.S. market, 2015 - 2026 (USD Million)
Fig. 45 Canada market, 2015 - 2026 (USD Million)
Fig. 46 Europe market, 2015 - 2026 (USD Million)
Fig. 47 U.K. market, 2015 - 2026 (USD Million)
Fig. 48 Germany market, 2015 - 2026 (USD Million)
Fig. 49 France market, 2015 - 2026 (USD Million)
Fig. 50 Italy market, 2015 - 2026 (USD Million)
Fig. 51 Spain market, 2015 - 2026 (USD Million)
Fig. 52 Asia Pacific market, 2015 - 2026 (USD Million)
Fig. 53 Japan market, 2015 - 2026 (USD Million)
Fig. 54 China market, 2015 - 2026 (USD Million)
Fig. 55 India market, 2015 - 2026 (USD Million)
Fig. 56 Australia market, 2015 - 2026 (USD Million)
Fig. 57 South Korea market, 2015 - 2026 (USD Million)
Fig. 58 Latin America market, 2015 - 2026 (USD Million)
Fig. 59 Brazil market, 2015 - 2026 (USD Million)
Fig. 60 Mexico market, 2015 - 2026 (USD Million)
Fig. 61 Argentina market, 2015 - 2026 (USD Million)
Fig. 62 MEA market, 2015 - 2026 (USD Million)
Fig. 63 South Africa market, 2015 - 2026 (USD Million)
Fig. 64 Saudi Arabia market, 2015 - 2026 (USD Million)
Fig. 65 UAE market, 2015 - 2026 (USD Million)