Scientific research and development facilities undertake physical, engineering or life sciences research and development (R&D). Companies that undertake R&D to support their primary operations, like pharmaceutical corporations and government entities, aren't included in this industry. Revenue for the scientific research and development industry increased an annualized 2.3% to $223.7 billion over the past five years. While the COVID-19 pandemic provided increased government funding for many research facilities, dampened private funding in the pandemic and following recovery has been slow to return. In response, industry revenue will decrease 1.7% in 2023.R&D TLC: Returning private investment following previously high interest rates will boost industry growth
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY
INDUSTRY PERFORMANCE
PRODUCTS & MARKETS
COMPETITIVE LANDSCAPE
OPERATING CONDITIONS
KEY STATISTICS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Mayo Clinic
- Ppd, Inc.
- Laboratory Corporation Of America Holdings
- Johns Hopkins University
- Science Applications International Corporation
- The Mitre Corporation
- Battelle Memorial Institute
- Icon Plc
- MIT Lincoln Laboratory
- Parexel International Corp
- Raven Industries, Inc.
- Topcon Precision Agriculture
- Precisionhawk, Inc.
- Dickey-john Corporation
Methodology
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