1. Home
  2. > Healthcare Market Trends
Asia-Pacific Product Design and Development Services Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Services, Application, and End User

Asia-Pacific Product Design and Development Services Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Services, Application, and End User

  • October 2022
  • 140 pages
  • ID: 6361994
  • Format: PDF
  • The Insight Partners

Summary

Table of Contents

Search Inside

The product design and development services market in Asia Pacific is expected to grow from US$ 3,946.34 million in 2022 to US$ 7,407.91 million by 2028. It is estimated to grow at a CAGR of 11.1% from 2022 to 2028.

High Demand for Quality Products in Healthcare due to Rising Health Concern
Among Geriatric Population
For example, GE Healthcare featured a new image-guided X-ray system that possesses functionality like a robot.New products and services assemble personal and big data, including genomics, preference, lifestyle information, and social determinant factors, that can create ground-breaking solutions.

One such example of the solution is Livongo.Livongo is a chronic disease management platform that can be referred to as an "applied health signals" company using the Aggregate, Interpret (AI)+ Apply, and Iterate (AI) formula with functionality such as Aggregate, Interpret, Apply, and Iterate.

Also, the platform delivers actionable, personalized, and timely recommendations that assist the user in managing chronic disease. Therefore, the growing health concerns among the population propel the demand for quality products in healthcare, which positively influences the growth of the product design and development services market.

Market Overview

APAC is the fastest-growing regional market for Product Design and Development Services; and China, India, Japan, South Korea, Australia, and the Rest of APAC are the major contributors to the market in this region. APAC is likely to account for over 41.37% market share of the global Product Design and Development Services market in 2021 owing to the rising geriatric population, increasing applications of diagnostic equipment, therapeutic equipment, and clinical laboratory equipment along with rising end-users such as pharmaceutical, medical device manufacturers, and research organizations. Therefore, the region holds huge potential for the Product Design and Development Services market players to grow during the forecast period. The Rest of APAC product design and development services market is segmented into Indonesia, Singapore, Malaysia, Taiwan, Thailand, and New Zealand. The market is witnessing significant growth in these countries due to the increasing demand for various medical products and the aging population. As per the UN 2017 World Population Ageing report, Singapore’s population accounted for 5.71 million, consisting of 855,000 people under the age of 15 and 886,000 people aged 65 and above. According to Statistics New Zealand, 2019, people aged 65 and older currently constitute 15% of New Zealand’s population, with over half (~53.4%) of the population being women. Moreover, Thailand currently has the third most rapidly aging population globally. Thailand has ~13 million people aged 60 and over, accounting for 20% of the total population. Furthermore, by 2050, Thailand’s aging population is expected to increase to 20 million, accounting for 35.8% of the population. This indicates that one will be a senior citizen out of every three Thais.

The rapidly evolving medical device industry in rest of APAC region is likely to favor growth for product design and development services market.For instance, Singapore’s healthcare industry has enormously evolved due to the highly skilled healthcare workforce, advanced healthcare infrastructure, and favorable government policy initiatives.

Therefore, it is expected that these factors are likely to influence various medical devices and pharmaceutical product design and development.Moreover, countries such as Singapore and Thailand are developing their healthcare systems and are emerging as excellent destinations for medical tourism.

Hence, the demand for product design and development services in these countries has increased. Thus, the product design and development services market is expected to offer vital growth opportunities during the forecast period.

Asia Pacific Product Design and Development Services Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Product Design and Development Services Market Segmentation

Asia Pacific product design and development services market is segmented into services, application, end user, and country.

Based on services, the product design and development services market is segmented into research, strategy, and concept generation; concept and requirements developments; detailed design and process development; design verification; process validation, manufacturing transfer, and design validation; and other services. Research, strategy, and concept generation segment accounted for the largest market share.

Based on application, the product design and development market is segmented into diagnostic equipment, therapeutic equipment, surgical instruments, clinical laboratory equipment, biological storage, consumables, and others. The surgical instruments segment is likely to dominate the market in 2022.

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.

Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the market in 2022.

Celestica Inc.; DeviceLab Inc.; FLEX LTD.; Jabil, Inc.; NORDSON CORPORATION; Planet Innovation; Plexus Corp.; Starfish Product Engineering Inc.; Sterling Medical Devices; and Ximedica are the leading companies operating in the product design and development services market in the region.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Bone Growth Stimulator Market by Product, Application, End Users - Global Forecast to 2027

  • $ 4950
  • October 2022
  • 211 pages

The global bone growth stimulators market is valued at an estimated USD 1.8 billion by 2027 from an estimated USD 1.4 billion in 2022, at a CAGR of 5.9% from 2022 to 2027 during forecast period.The growing ...

  • World
  • United States
  • Healthcare
  • Medical Device
  • Industry analysis
  • Health Expenditure
  • Hospital Number

ref:plp2022

Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on