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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 | Jun 2016

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

IBISWorld’s Scientific Research & Development market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$133bn
Annual Growth 11-16
2.4%
Annual Growth 16-21
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Profit
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Employment
702,546
Businesses
50,788
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 SWOT Analysis Chapter

The Scientific Research and Development industry is in the mature stage of its economic life cycle. Industry maturity is characterized by growth roughly in line with the overall economy, consolidation from the industry's largest players and established market acceptance.

Industry value added (IVA), used to measure an industry's contribution to the overall economy, is projected to grow at an average annual rate of 2.2% over the 10 years to 2021. This growth is expected to be roughly in line with the overall economy, which is forecast to grow 2.1% over the period. In the five years to 2016, growth in IVA has been mitigated by wages falling as a proportion of revenue and contracting profit margins... 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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