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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Locations Chapter

Factors affecting establishment location include federal and state funding, tax laws, proximity to large private enterprises and proximity to subject of research (e.g. farms for agricultural studies and oceans for oceanographic studies). Many large companies in the industry operate several locations due to the technical expertise that each location can provide. For instance, laboratories and supercomputers, medical testing and weapons development may all be located at different places in the United States, or even across the globe.

On a per capita basis, there are disproportionately more establishments located in the West, Southeast and the Mid-Atlantic regions. In particular, the West has 25.8% of industry establishments, while only accounting for 17.1% of the US population... 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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