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Scientific Research And Development Services Global Market Report 2019

Starting Price : $ 4000.00 | Pages : 300 | Published : January 2019 | SKU CODE : 5308 | Format :


Scientific Research And Development Services Market Characteristics

The scientific research and development services market consists of the sales of scientific research and development services and related goods by entities (organizations, sole traders and partnerships) that  engage in research and experimental development on a contract, consultancy or outsourced basis in areas such as biotechnology, the physical sciences, engineering sciences, life sciences and social sciences. Scientific research and development services establishments undertake processes where human capital is the major input. They make available the knowledge and skills of their employees, often on an assignment basis, where an individual or team is responsible for the delivery of services to the client.

Competitive Landscape of the Scientific Research And Development Services Market

Major players in the global scientific research and development services market include Battelle Memorial Institute, IQVIA Holdings Inc, Defence Advanced Research Projects Agency, Lawrence Livermore National Laboratory LLC, Los Alamos National Laboratory.

Scientific Research And Development Services Market Size

The scientific research and development services market size is expected to reach $1.1 trillion by 2022, significantly growing at a CAGR of around 5.5% during the forecast period. The growth in the scientific research and development services market is due to increase in Aging Population, Technology Advancements and Rising Non-Communicable Diseases.

However, the market for scientific research and development services is expected to face certain restraints from several factors such as decrease in government funding, lack of strong intellectual property (IP) protection laws and skill shortages.

Scientific Research And Development Services Market Segmentation

The global scientific research and development services market is further segmented based on type and geography.
By Type - The scientific research and development Services market is segmented into social sciences and humanities services, physical and engineering sciences, life sciences services, biotechnology services among these segments, the social sciences and humanities services market accounts for the largest share in the global scientific research and development services market.
By Geography - The global scientific research and development services is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global scientific research and development services market.
Trends in the Scientific Research And Development Services Market
4D printing has evolved from 3D printing with an additional feature of changing the geometrical shape and mechanical properties, with time being integrated as an additional fourth dimension. One of the major drawbacks of 3D printing is it can only take the shape in which it was originally made and is static and inanimate. Now with the latest development of 4D printing, objects can now be made with responsive materials with certain inherent properties that can change or transform in response to external stimuli. It has widespread applications in medical science such as tissue regeneration in biomedical field. For example, printed micro tissue from bio ink can undergo maturation via cellular coating to form functional tissue constructs such as engineered tissue constructs. Potential Opportunities in the Scientific Research And Development Services Market With increased emphasis on innovation, collaborations with other research institutes and companies and economic growth the scope and potential for the global scientific research and development Services market is expected to significantly rise in the forecast period.

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