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Scientific Research & Development in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Scientific Research & Development Market Research Report | NAICS 54171 | Nov 2015

Scientific breakthrough: Improving private investment from major industries will help long-term growth

IBISWorld’s Scientific Research & Development market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$144bn
Annual Growth 10-15
3.0%
Annual Growth 15-20
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Profit
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Employment
567,731
Businesses
41,704
Industry Analysis & Industry Trends

Over the past five years, federal stimulus spending has been the primary source of funding for the Scientific Research and Development industry. Industry operators largely rely on government funding to provide research activities, but private investment has become increasingly crucial in recent years. Government consumption and investment rose to its highest point in 2010; however, more recently these levels have fallen away as austerity measures and budget sequestration shrink potential budget allocations. In the coming years, the industry is expected to maintain growth as industry revenue accelerates due to stronger private spending... purchase to read more

Industry Report - Industry Investment Chapter

The Scientific Research and Development industry exhibits a low level of capital intensity. Using wages as a proxy for labor and depreciation as a proxy for capital, IBISWorld estimates that for every dollar spent on labor in the industry, $0.06 is spent on capital. The industry is highly labor intensive with wages accounting for 43.8% of revenue. Industry employees perform a range of activities, from simple manual tasks to high-tech experimental procedures. The industry's high average wage reflects the skilled labor used in the industry and the value of certain key employees whose reputation alone can generate business. The industry must maintain competitive wages to prevent talent from leaving for corporate in-house research and development departments and jobs overseas... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Scientific Research & Development Industry?

This industry includes companies and organizations that are involved in physical, engineering or life sciences research and development (R&D). The industry only includes operators whose primary purpose is R&D and excludes players such as pharmaceutical or manufacturing companies that may undertake R&D to support their primary operations. Government entities are also excluded from this industry, though these entities may contract and fund the research this industry undertakes.

Industry Products
Physical and engineering sciences R&DBiotechnology R&DPharmaceutical R&DOther R&DLicensing of intellectual property rightsDevelopment services
 
Industry Activities
Agriculture research and development laboratories or services Biotechnology research and development laboratories or services Cancer research laboratories or services Computer and related hardware research and development laboratories or services Environmental research and development laboratories or services Genetics research and development laboratories or services Health research and development laboratories or services Mathematics research and development laboratories or services Medical research and development laboratories or services Physics research and development laboratories or services


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