Product Design And Development Services Market Size Is Projected To Reach USD 24,092.2 Million By 2030
San Francisco, 1 Feb 2024: The Report Product Design And Development Services Market Size, Share & Trends Analysis Report By Service (Research, Strategy, Concept Generation, Concept & Requirements Development), By Application, By End Use, And Segment Forecasts, 2023 - 2030 The global product design and development services market is expected to reach USD 24,092.2 million by 2030, registering a CAGR of 12.5%, according to a new report by Grand View Research, Inc. The major drivers of this market are increasing demand for advanced technology, decreasing product costs, and decreasing time to design and manufacture a product. Life science and medical device companies face great pressure for cost and to develop innovative products in a short time frame as they have to comply with stringent regulatory requirements for medical devices. The manufacturers face more hurdles in getting cost-effective high-quality products to market faster along with some internal factors, such as des