The North America product design And development services market size is expected to reach USD 8.29 billion by 2030, registering a CAGR of 9.71% from 2025 to 2030. The COVID-19 pandemic has significantly impacted the market. During the crisis, the product development firms faced the major challenge of how to continue with business operations while not getting affected by the disease. Also, the huge cost of development, the financial risk of missing the mark, and market timing altogether contributed to the greatest challenges for medical device development and market driving innovation.
However, the ease in the supply chain and significant reduction in market entry barriers have resulted in the recovery of this market. The pandemic has significantly increased the demand for diagnostic kits, Personal Protective Equipment (PPE), ventilators, and other critical medical supplies. Since February 2020, the FDA has authorized over 250 Emergency Use Authorizations (EUAs). The EUAs cover in vitro diagnostics and other testing kits, PPE kits & ventilators, and ECMO devices, among others. The major drivers of the market are increasing complexity in product design, demand for quality products, and cost reduction.
Medical and life sciences companies face extreme cost pressures to develop new and innovative products in shorter time frames while complying with the stringent regulatory requirements of the medical device. The manufacturers face more hurdles in getting cost-effective high-quality products to market faster along with some internal factors, such as design and production. Hence, medical device companies adopt a design-to-manufacturing approach where design, engineering, as well as production teams work in collaboration to develop the product model. This approach enhances both product quality and profitability by decreasing errors in development and designing, thereby increasing success rates.
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However, the ease in the supply chain and significant reduction in market entry barriers have resulted in the recovery of this market. The pandemic has significantly increased the demand for diagnostic kits, Personal Protective Equipment (PPE), ventilators, and other critical medical supplies. Since February 2020, the FDA has authorized over 250 Emergency Use Authorizations (EUAs). The EUAs cover in vitro diagnostics and other testing kits, PPE kits & ventilators, and ECMO devices, among others. The major drivers of the market are increasing complexity in product design, demand for quality products, and cost reduction.
Medical and life sciences companies face extreme cost pressures to develop new and innovative products in shorter time frames while complying with the stringent regulatory requirements of the medical device. The manufacturers face more hurdles in getting cost-effective high-quality products to market faster along with some internal factors, such as design and production. Hence, medical device companies adopt a design-to-manufacturing approach where design, engineering, as well as production teams work in collaboration to develop the product model. This approach enhances both product quality and profitability by decreasing errors in development and designing, thereby increasing success rates.
North America Product Design And Development Services Market Report Highlights
- The research, strategy, & concept generation segment dominated the market, accounted for over 39.64% revenue share in 2024.
- The medical device segment dominated the market and accounted for the largest share in the overall revenue in 2024. The segment is expected to maintain its position over the forecast period.
- The medical device companies segment dominated the market in 2024 and accounted for the largest share of the overall revenue and is anticipated to witness fastest growth over the analysis time frame.
- The U.S. dominated North America product design and development services market and accounted for 82.26% revenue share in 2024.
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This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. North America Product Design and Development Services Market Variables, Trends, & Scope
Chapter 4. North America Product Design and Development Services Market: Services Estimates & Trend Analysis
Chapter 5. North America Product Design and Development Services Market: Application Estimates & Trend Analysis
Chapter 6. North America Product Design and Development Services Market: End Use Estimates & Trend Analysis
Chapter 7. Product Design and Development Services Market: Regional Estimates & Trend Analysis, by Service, by Application, by End Use
Chapter 8. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Ximedica (Veranex)
- DeviceLab, Inc.
- Jabil Inc.
- Flex Ltd.
- Plexus Corp.
- Celestica Inc.
- StarFish Medical
- Nordson Medical
- Planet Innovation
- Donatelle
- Cambridge Design Partnership Ltd.
- Integer Holdings Corporation
- Cirtec
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 100 |
Published | November 2024 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 4.82 Billion |
Forecasted Market Value ( USD | $ 8.29 Billion |
Compound Annual Growth Rate | 9.7% |
Regions Covered | North America |
No. of Companies Mentioned | 13 |