Overview

IBISWorld’s Scientific Research & Development Services Procurement Research Report helps simplify the purchasing process. This report provides tools such as pricing trends and forecasts, supplier benchmarks and negotiation questions to help you work with internal stakeholders and executives to manage the procurement process for your company. With this information, your company will be able to make credible and knowledgeable decisions regarding purchasing Scientific Research & Development Services.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Scientific Research & Development Services - Recent Price Trend

During the three years to 2017, the price per hour for scientific R&D services has been increasing at an estimated average annual rate of 2.1%. During the period, demand for these services has been heavily supported by the recovering economy and ongoing advancements in science and technology. The wide variety of fields that require outsourced research and the overall growth in physical,...

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Scientific Research & Development Services - Total Cost of Ownership

Relative to the benchmark price, the total cost of R&D services is low for a well-negotiated contract. At the onset of a service agreement, project scope, fees and reimbursable expenses should be explicitly stated. This transparency limits the risk to buyers of unforeseen charges.Problems, modifications or changes in project scope may occur midway through the service process. These changes can...

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About this Report

This report is intended to assist buyers of scientific research and development (R&D) services. This market includes businesses involved in physical, engineering or life sciences R&D. Services include research, tests and trials that are conducted to increase a company's knowledge about a product or process, which can then be applied to developing or improving a product or process. The market only includes suppliers that focus exclusively on R&D and excludes players that may undertake R&D to support their primary operations. Government entities are also excluded from this market, although these entities often contract and fund vendor research efforts. This report does not include R&D in the social sciences or humanities.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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