The physical, engineering, and life sciences market size has grown strongly in recent years. It will grow from $479.38 billion in 2025 to $512.78 billion in 2026 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to expansion of academic and industrial research programs, growth in government-funded science initiatives, increasing demand for engineering solutions in healthcare, expansion of laboratory infrastructure, rising collaboration between research entities.
The physical, engineering, and life sciences market size is expected to see strong growth in the next few years. It will grow to $730.58 billion in 2030 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to increasing investments in precision medicine research, growing adoption of automation in laboratories, expansion of bioinformatics and data-driven science, rising demand for sustainable engineering solutions, increasing commercialization of scientific research. Major trends in the forecast period include increasing adoption of interdisciplinary research models, rising demand for advanced analytical services, growing integration of engineering and life sciences, expansion of applied research and development services, enhanced focus on translational science.
The rising drug spending is expected to drive the growth of the physical, engineering, and life sciences market in the coming years. Drug spending refers to the total expenditure on pharmaceutical products. Investment in physical, engineering, and life sciences supports the innovation, development, and optimization of pharmaceutical products, leading to advanced therapies, precision medicine, and more efficient drug delivery systems. For example, in June 2025, the US-based Centers for Medicare & Medicaid Services reported that national health expenditures (NHE) grew by 7.5% in 2023, reaching $4.9 trillion - an average of $14,570 per person, representing 17.6% of GDP. Spending on Medicare increased by 8.1% to $1.02 trillion, accounting for 21% of total NHE. Therefore, the rise in drug spending is driving the growth of the physical, engineering, and life sciences market.
Major companies in the Physical, Engineering, and Life Sciences Market are focusing on developing advanced solutions such as AI-driven laboratory automation to improve R&D efficiency, data accuracy, and operational flexibility. AI-driven laboratory automation combines lab automation, electronic lab notebooks, laboratory information management systems, inventory management, in silico design, analytics, and data management into a single platform that can be deployed across any cloud environment, offering modularity and customization. For instance, in January 2025, Abio Medical Healthcare Private Limited, an India-based company, launched AbioFlux, featuring AI-driven, automation-ready capabilities. The platform enables seamless integration of lab processes, advanced analytics, and comprehensive data management. It supports modular deployment for diverse laboratory setups, enhances workflow efficiency, ensures high data accuracy, and allows in silico design and simulation. AbioFlux also offers cloud deployability, scalability, and extensive customization options, making it suitable for modern research and development environments.
In May 2023, Deloitte, a UK-based professional services network, concluded the acquisition of Optimal Design for an undisclosed sum. This acquisition is expected to strengthen Deloitte's position in the product engineering services (PES) landscape, expanding its capabilities to drive digital transformation in client projects. Through this acquisition, Deloitte enhances its existing engineering services, particularly in the realm of smart connected products and IoT devices. Optimal Design, a US-based product development firm, specializes in offering end-to-end product engineering solutions, ranging from concept inception to physical prototype development.
Major companies operating in the physical, engineering, and life sciences market include IQVIA Holdings Inc, Battelle Memorial Institute, Syneos Health Holdings Inc, PRA Health Sciences Inc, Charles River Laboratories International Inc, PAREXEL International Corporation, Pharmaceutical Product Development LLC, Medpace Holdings Inc, Albany Molecular Research Inc, Hitachi High Technologies America Inc, PDL BioPharma Inc, Defense Advanced Research Projects Agency (DARPA), Lawrence Livermore National Security LLC (LLNS), Los Alamos National Security LLC (LANS), AKKA Technologies SE, QinetiQ Group plc, WuXi AppTec Co. Ltd., Charles River Laboratories International Inc., Thermo Fisher Scientific Inc., Illumina Inc., Agilent Technologies Inc., Bruker Corporation, Waters Corporation, PerkinElmer Inc., Mettler-Toledo International Inc., Danaher Corporation, Bio-Rad Laboratories Inc., Bio-Techne Corporation, QIAGEN N.V., Merck KGaA, Abiomed Inc., Intuitive Surgical Inc.
North America was the largest region in the physical, engineering, and life sciences market in 2025. Western Europe was the second largest region in the physical, engineering, and life sciences market. The regions covered in the physical, engineering, and life sciences market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the physical, engineering, and life sciences market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The physical, engineering, and life sciences market consists of revenue earned by entities that engage in conducting research and experimental development in agriculture, environment, botany, electronics, chemistry, fisheries, forests, mathematics, veterinary, and other allied subjects. Research and development activities of physical engineering and life sciences organizations are funded by public sector organizations and commercial establishments. These organizations monetize their research findings, patents, or products to fund their research activities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The physical, engineering, and life sciences market size is expected to see strong growth in the next few years. It will grow to $730.58 billion in 2030 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to increasing investments in precision medicine research, growing adoption of automation in laboratories, expansion of bioinformatics and data-driven science, rising demand for sustainable engineering solutions, increasing commercialization of scientific research. Major trends in the forecast period include increasing adoption of interdisciplinary research models, rising demand for advanced analytical services, growing integration of engineering and life sciences, expansion of applied research and development services, enhanced focus on translational science.
The rising drug spending is expected to drive the growth of the physical, engineering, and life sciences market in the coming years. Drug spending refers to the total expenditure on pharmaceutical products. Investment in physical, engineering, and life sciences supports the innovation, development, and optimization of pharmaceutical products, leading to advanced therapies, precision medicine, and more efficient drug delivery systems. For example, in June 2025, the US-based Centers for Medicare & Medicaid Services reported that national health expenditures (NHE) grew by 7.5% in 2023, reaching $4.9 trillion - an average of $14,570 per person, representing 17.6% of GDP. Spending on Medicare increased by 8.1% to $1.02 trillion, accounting for 21% of total NHE. Therefore, the rise in drug spending is driving the growth of the physical, engineering, and life sciences market.
Major companies in the Physical, Engineering, and Life Sciences Market are focusing on developing advanced solutions such as AI-driven laboratory automation to improve R&D efficiency, data accuracy, and operational flexibility. AI-driven laboratory automation combines lab automation, electronic lab notebooks, laboratory information management systems, inventory management, in silico design, analytics, and data management into a single platform that can be deployed across any cloud environment, offering modularity and customization. For instance, in January 2025, Abio Medical Healthcare Private Limited, an India-based company, launched AbioFlux, featuring AI-driven, automation-ready capabilities. The platform enables seamless integration of lab processes, advanced analytics, and comprehensive data management. It supports modular deployment for diverse laboratory setups, enhances workflow efficiency, ensures high data accuracy, and allows in silico design and simulation. AbioFlux also offers cloud deployability, scalability, and extensive customization options, making it suitable for modern research and development environments.
In May 2023, Deloitte, a UK-based professional services network, concluded the acquisition of Optimal Design for an undisclosed sum. This acquisition is expected to strengthen Deloitte's position in the product engineering services (PES) landscape, expanding its capabilities to drive digital transformation in client projects. Through this acquisition, Deloitte enhances its existing engineering services, particularly in the realm of smart connected products and IoT devices. Optimal Design, a US-based product development firm, specializes in offering end-to-end product engineering solutions, ranging from concept inception to physical prototype development.
Major companies operating in the physical, engineering, and life sciences market include IQVIA Holdings Inc, Battelle Memorial Institute, Syneos Health Holdings Inc, PRA Health Sciences Inc, Charles River Laboratories International Inc, PAREXEL International Corporation, Pharmaceutical Product Development LLC, Medpace Holdings Inc, Albany Molecular Research Inc, Hitachi High Technologies America Inc, PDL BioPharma Inc, Defense Advanced Research Projects Agency (DARPA), Lawrence Livermore National Security LLC (LLNS), Los Alamos National Security LLC (LANS), AKKA Technologies SE, QinetiQ Group plc, WuXi AppTec Co. Ltd., Charles River Laboratories International Inc., Thermo Fisher Scientific Inc., Illumina Inc., Agilent Technologies Inc., Bruker Corporation, Waters Corporation, PerkinElmer Inc., Mettler-Toledo International Inc., Danaher Corporation, Bio-Rad Laboratories Inc., Bio-Techne Corporation, QIAGEN N.V., Merck KGaA, Abiomed Inc., Intuitive Surgical Inc.
North America was the largest region in the physical, engineering, and life sciences market in 2025. Western Europe was the second largest region in the physical, engineering, and life sciences market. The regions covered in the physical, engineering, and life sciences market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the physical, engineering, and life sciences market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The physical, engineering, and life sciences market consists of revenue earned by entities that engage in conducting research and experimental development in agriculture, environment, botany, electronics, chemistry, fisheries, forests, mathematics, veterinary, and other allied subjects. Research and development activities of physical engineering and life sciences organizations are funded by public sector organizations and commercial establishments. These organizations monetize their research findings, patents, or products to fund their research activities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Physical, Engineering, and Life Sciences Market Characteristics
3. Physical, Engineering, and Life Sciences Market Supply Chain Analysis
4. Global Physical, Engineering, and Life Sciences Market Trends and Strategies
5. Physical, Engineering, and Life Sciences Market Analysis of End Use Industries
7. Global Physical, Engineering, and Life Sciences Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Physical, Engineering, and Life Sciences Total Addressable Market (TAM) Analysis for the Market
9. Physical, Engineering, and Life Sciences Market Segmentation
10. Physical, Engineering, and Life Sciences Market Regional and Country Analysis
11. Asia-Pacific Physical, Engineering, and Life Sciences Market
12. China Physical, Engineering, and Life Sciences Market
13. India Physical, Engineering, and Life Sciences Market
14. Japan Physical, Engineering, and Life Sciences Market
15. Australia Physical, Engineering, and Life Sciences Market
16. Indonesia Physical, Engineering, and Life Sciences Market
17. South Korea Physical, Engineering, and Life Sciences Market
18. Taiwan Physical, Engineering, and Life Sciences Market
19. South East Asia Physical, Engineering, and Life Sciences Market
20. Western Europe Physical, Engineering, and Life Sciences Market
21. UK Physical, Engineering, and Life Sciences Market
22. Germany Physical, Engineering, and Life Sciences Market
23. France Physical, Engineering, and Life Sciences Market
24. Italy Physical, Engineering, and Life Sciences Market
25. Spain Physical, Engineering, and Life Sciences Market
26. Eastern Europe Physical, Engineering, and Life Sciences Market
27. Russia Physical, Engineering, and Life Sciences Market
28. North America Physical, Engineering, and Life Sciences Market
29. USA Physical, Engineering, and Life Sciences Market
30. Canada Physical, Engineering, and Life Sciences Market
31. South America Physical, Engineering, and Life Sciences Market
32. Brazil Physical, Engineering, and Life Sciences Market
33. Middle East Physical, Engineering, and Life Sciences Market
34. Africa Physical, Engineering, and Life Sciences Market
36. Physical, Engineering, and Life Sciences Market Competitive Landscape and Company Profiles
37. Physical, Engineering, and Life Sciences Market Other Major and Innovative Companies
40. Physical, Engineering, and Life Sciences Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Physical, Engineering, and Life Sciences Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses physical, engineering, and life sciences market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for physical, engineering, and life sciences? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The physical, engineering, and life sciences market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Type: Physical and Engineering Sciences; Life Sciences Services2) By Entities: Organizations; Sole Traders; Partnerships
3) By Service Provider: Large Enterprise; Small and Medium Enterprise
Subsegments:
1) By Physical and Engineering Sciences: Aerospace Engineering; Civil Engineering; Mechanical Engineering; Electrical Engineering; Environmental Engineering; Chemical Engineering; Materials Science; Geotechnical Engineering; Nuclear Engineering; Robotics and Automation2) By Life Sciences Services: Clinical Research Services; Contract Research Organization (CRO) Services; Laboratory Services; Biotech and Pharmaceutical Services; Medical Device Services; Regulatory Affairs Services; Drug Discovery Services; Clinical Trials Management; Bioinformatics Services; Molecular Diagnostics Services
Companies Mentioned: IQVIA Holdings Inc; Battelle Memorial Institute; Syneos Health Holdings Inc; PRA Health Sciences Inc; Charles River Laboratories International Inc; PAREXEL International Corporation; Pharmaceutical Product Development LLC; Medpace Holdings Inc; Albany Molecular Research Inc; Hitachi High Technologies America Inc; Defense Advanced Research Projects Agency (DARPA); Lawrence Livermore National Security LLC (LLNS); Los Alamos National Security LLC (LANS); AKKA Technologies SE; QinetiQ Group PLC; WuXi AppTec Co. Ltd.; Thermo Fisher Scientific Inc.; Illumina Inc.; Agilent Technologies Inc.; Bruker Corporation; Waters Corporation; PerkinElmer Inc.; Mettler-Toledo International Inc.; Danaher Corporation; Bio-Rad Laboratories Inc.; Bio-Techne Corporation; QIAGEN N.V.; Merck KGaA; Abiomed Inc.; Intuitive Surgical Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Physical, Engineering, and Life Sciences market report include:- IQVIA Holdings Inc
- Battelle Memorial Institute
- Syneos Health Holdings Inc
- PRA Health Sciences Inc
- Charles River Laboratories International Inc
- PAREXEL International Corporation
- Pharmaceutical Product Development LLC
- Medpace Holdings Inc
- Albany Molecular Research Inc
- Hitachi High Technologies America Inc
- Defense Advanced Research Projects Agency (DARPA)
- Lawrence Livermore National Security LLC (LLNS)
- Los Alamos National Security LLC (LANS)
- AKKA Technologies SE
- QinetiQ Group PLC
- WuXi AppTec Co. Ltd.
- Thermo Fisher Scientific Inc.
- Illumina Inc.
- Agilent Technologies Inc.
- Bruker Corporation
- Waters Corporation
- PerkinElmer Inc.
- Mettler-Toledo International Inc.
- Danaher Corporation
- Bio-Rad Laboratories Inc.
- Bio-Techne Corporation
- QIAGEN N.V.
- Merck KGaA
- Abiomed Inc.
- Intuitive Surgical Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 512.78 Billion |
| Forecasted Market Value ( USD | $ 730.58 Billion |
| Compound Annual Growth Rate | 9.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 31 |
