North America Product Design And Development Services Market Size, Share & Trends Analysis Report By Service, By Application, By End Use, By Country, And Segment Forecasts, 2025 - 2030
North America Product Design And Development Services Market Growth & Trends:
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, according to a new report by Grand View Research, Inc. 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.
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.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased Database
1.4.2. GVR's Internal Database
1.4.3. Secondary Sources
1.4.4. Primary Research
1.5. Details of primary research
1.6. Market Formulation & Validation
1.7. Model Details
1.7.1. Commodity flow analysis (Model 1)
1.7.1.1. Approach 1: Commodity flow approach
1.8. List of Secondary Sources
1.9. List of Primary Sources
1.10. List of Abbreviations
1.11. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. North America Product Design and Development Services Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Ancillary Market Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.1.1. Increasing Complexity in Product Design and Engineering
3.2.1.2. Growing Trend of Smaller and Portable Products
3.2.1.3. Rising Demand for Health Data Tracking
3.2.1.4. Surge in the R&D investment activities
3.2.2. Market Restraint Analysis
3.2.2.1. High Cost Associated with Product Design and Development
3.2.2.2. Threat of Information Loss to OEMs
3.2.2.3. Resistance, Reluctance, and Rejection
3.3. Technology Landscape
3.4. Market Analysis Tools
3.4.1. Porter's Five Forces Analysis
3.4.2. PESTEL analysis
Chapter 4. North America Product Design and Development Services Market: Services Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Product Design and Development Services Market: Service Movement Analysis
4.3. Global Product Design and Development Services Market Estimates & Forecasts, by Service, 2018 - 2030 (USD Million)