The scientific research and development services industry comprises establishments engaged in research and experimental development on a contract, consultancy or outsourced basis in the areas such as biotechnology, physical sciences, engineering sciences, life sciences and social sciences.
The top five companies covered are Battelle Memorial Institute, IQVIA Holdings, Inc., Defense Advanced Research Projects Agency, Lawrence Livermore National Laboratory LLC and Los Alamos National Laboratory. Battelle Memorial Institute was the largest company in the scientific research and development services market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Scientific Research and Development Services Market Size
The global scientific research and development services market was valued at nearly $903 billion in 2017. Asia Pacific was the largest region in the scientific research and development services market in 2017, accounting for around 38% market share. The USA was the largest country in the market in 2017, accounting for around 30% market share.
Scientific Research and Development Services Market Trend
Organ-on-a-chip via 3D printing considerably reduces costs in the initial stage of product development in the biotechnology research. It involves microfabrication of living tissues within microscale fluid channels to make an exact microscale copy of human organs and this process is aided through 3D printing. It encompasses mesoscale technologies like cell-laden hydrogels and 3D printing, and microscale technologies like laser assisted bio-printing and addresses major limitations of a previously popular top down tissue engineering method.
Scientific Research and Development Services Market Segmentation
The scientific research and development services market is segmented into Research And Development In Biotechnology, Research And Development In The Physical, Engineering, And Life Sciences and Research And Development In The Social Sciences And Humanities.
Research And Development In Biotechnology organisations conduct biotechnology research and experimental developments. It involves study of use of microorganisms, cellular and bimolecular processes to develop or alter living or non-living organisms.
Research And Development In The Physical, Engineering, And Life Sciences establishments are engaged in conducting research and experimental development in physical, engineering, and life sciences such as agriculture, environmental, botany, electronics, chemistry, fisheries, forests, mathematics, veterinary and other allied subjects.
Research And Development In The Social Sciences And Humanities establishments conduct research in cognitive development, sociology, psychology, language, behavior, economic and other social science and humanities research.