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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 | Apr 2014

Useful properties: Government funding may slow, but new technologies will boost demand

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
$131bn
Annual Growth 09-14
2.4%
Annual Growth 14-19
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Profit
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Employment
692,437
Businesses
47,513
Industry Analysis & Industry Trends

Increased funding from the government, corporations and academia have benefited the industry over the past five years. While still overwhelmingly funded by public sources, a shift toward private funding is slowly changing the focus of industry research. Over the next five years, the industry will continue to benefit from growing environmental concerns throughout the public and private sector. Nonetheless, a new bipartisan budget agreement that puts an emphasis on new R&D spending is essential to the industry's future growth prospects... purchase to read more

Industry Report - Industry Analysis Chapter

Over the past five years, federal stimulus spending was the primary source of funding for scientific research and development (R&D). The Scientific Research and Development industry experienced a decrease in funding from corporations, as cash-strapped companies cut their R&D budgets to remain profitable. Despite the decline in private investment, significant government stimulus spending allowed the industry to grow strongly. However, federal funding for the industry has declined over the past two years as budget sequestration in 2013 and continued austerity measures cut into industry revenue growth. IBISWorld estimates that in the past five years, industry revenue has increased an annualized 2.4% to reach $130.7 billion in 2014... 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 firms 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, although 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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