Over the five years to 2018, industry revenue for the Medical Research industry is expected to grow at an annualized rate of 9.2% to total $12.3 billion. In 2018 alone, revenue is anticipated to increase 9.2%. Over the period, revenue growth has been steadily slowing; the industry is beginning to mature and competition for government funds and private funds has increased. Over half of industry revenue is derived from government funding.The Medical Research industry comprises two major types of institutions: biotechnology companies and medical research institutions. There are about 6,203 enterprises operating in the industry employing about 147,497 people with an estimated payroll of $1.8 billion...purchase to read more.

Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 13-18
9.2%
Forecast Growth 18-23
Profit
Employment
147,497
Businesses
11,115

Industry Report - Industry Products Chapter

Experimental developmentMost medical research activities belong to the experimental development category, accounting for an estimated 75.2% of medical research funding in 2018. Such research usually requires a shorter time frame to obtain results and has specific purposes for medical applications. Typical experimental development includes the development of new drugs, new medical equipment, new medical materials and clinical drug trials.Applied medical researchApplied medical research tends to add new medical or pharmaceutical knowledge with the outcome being a practical application. It includes studies on epidemiological survey approaches, drug product development and pharmacokinetics. This segment accounts for about 18.7% of medical research in 2018...purchase to read more.

Additional Insights for the Medical Research Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical Research Industry are

  • Having a good reputation
  • Access to highly skilled workforce
  • Having technology sharing arrangements with major players
  • IBISWorld analysts also discuss how external factors such as Real GDP and Economic Indicators - Research and Development Expenditure (Total) in the Medical Research industry impact industry performance..

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    What's in this report

    What is the Medical Research Industry?

    The Medical Research industry in China is engaged in basic and applied research and development in the medical and pharmaceutical fields. Enterprises include laboratories of medical research institutes, medical schools and biotech firms. The following research functions are not included in the industry: R&D activities by pharmaceutical or medical equipment manufacturing industries; research unrelated to the human body or human diseases; and the commercialization of medical research.

    Industry Products
  • Basic medical research
  • Applied medical research
  • Experimental development
  • Industry Activities
  • Clinical medical research
  • Pharmacological and pharmaceutical research
  • Preventive medical research and hygienic research
  • Traditional Chinese Medicine research
  • Special (military) medical research
  • Medical psychological research
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real GDP
  • Economic Indicators - Research and Development Expenditure (Total)
  • Funding (Federal) - Research & Development
  • Downstream Demand - Medical & Diagnostic Laboratories
  • Labor Availability - Scientific Research
  • Tax Incentives - Research and Development

  • Current Performance
    Funding systemEstablishments and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Medical Research Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Research Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Pharmaceutical Manufacturing
  • Medical Device Manufacturing
  • General Hospitals
  • Traditional Chinese Medicine Hospitals

  • Key Selling Industries
  • Medical Device Manufacturing
  • Medical Supplies Manufacturing

  • Products & Services
  • Experimental development
  • Applied medical research
  • Basic medical research
  • Chart: Medical Research Industry Products and Services Segmentation

  • Demand Determinants
  • Government policies and funding
  • Commercialization of medical research results
  • Medical research costs
  • Resources and technology availability
  • Practical applications for clinical practices

  • Major Markets
  • Agents
  • Pharmaceutical companies
  • Hospitals
  • Medical equipment manufacturers
  • Other
  • Chart: Major Market Segmentation for the Medical Research Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Depreciation
  • Wages and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Medical Research

  • Basis of Competition
  • Innovation and professionals
  • Budget
  • Government relationships
  • Research quality
  • Patent protection
  • Range of research fields
  • Specialization
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical Research Industry

  • Industry Globalization
    Chinese Academy of Sciences, WuXi AppTec, China State Institute of Pharmaceutical Industry, Academy of Military Medical Sciences, China Academy of Chinese Medical Sciences,
  • Table: Chinese Academy of Sciences - financial performance
  • Table: WuXi AppTec - financial performance
  • Table: China State Institute of Pharmaceutical Industry - financial performance
  • Table: Academy of Military Medical Sciences - financial performance
  • Table: China Academy of Chinese Medical Sciences - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Research Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Medical Research Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Total Assets (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Contract Research Organization (Cro)
  • A service organization that provides "outsourced" pharmaceutical research services to pharmaceutical and biotech industries, to aid in the drug and medical device research and development processes.
  • Immunoprecipitation
  • The technique of precipitating a protein antigen out of a solution using an antibody that specifically binds to that particular protein.
  • Polymerase Chain Reaction (Pcr)
  • A technique for amplifying DNA sequences in vitro by separating the DNA into two strands and incubating it with oligonucleotide primers and DNA polymerase.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Medical Research 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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Medical Research:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Medical Research market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Medical Research, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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