Industry Analysis & Industry Trends
The Medical Research industry is forecast to have low profitability in 2011, at 0.8% of industry revenue, due to high costs for medical research and commercialization difficulties to recoup expenditures. Profitability varies among different participants in the industry. Biotechnology companies tend to be profitable, while medical research institutes are more likely to suffer losses.
In 2011, industry revenue is expected to increase by 12.2% to $5.8 billion, with annualized increases of 16.3% in the past five years. Industry revenue growth has slowed steadily in each year, from a high of 24.4% in 2006. This has occurred because the industry matured and competition for government funds and private funds increased.
Over 60.0%... purchase to read more
Industry Report - Industry Investment Chapter
Employees in this industry generally have strong educational and research backgrounds, and are therefore highly paid. However, the average wage levels are still low compared with developed countries, at about $724 per month in 2011.
This industry uses high-technology equipment and facilities for research and experimentation. Laboratories need to constantly update existing equipment or install new equipment to conduct challenging research projects.
The overall capital intensity level in this industry is expected to remain steady in the future as more investment is made in equipment installation and upgrading, while average wage levels increase slowly... purchase to read more