Market Overview:
The global scientific research services market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for scientific research services from pharmaceutical, biotechnology, medical device, and agriculture industries. Additionally, the increasing focus on R&D by cosmetic companies is also contributing to the growth of this market. North America dominates the global scientific research services market and is expected to maintain its dominance during the forecast period.
Product Definition:
Software:
Software is a collection of processes, rules and tools that allows to carry out specific tasks. Software solutions are used in various scientific research services such as data management, analysis and reporting, project management among others. Scientific research software market is expected to witness significant growth over the forecast period owing to increasing demand for automation in laboratories coupled with rising investments by government organizations towards R&D activities.
Increasing number of software available for use across various industries has led scientists.
Hardware:
Hardware is the equipment or devices used in scientific research. It can be broadly classified into two categories, which are laboratory equipment and analytical instruments. The lab-equipment includes all the tools and machines required for a specific scientific procedure; it can be further divided into centrifuge, Bunsen burner, spectrophotometer (light bulb), microplate reader etc.
Application Insights:
The pharmaceutical industry accounted for the largest revenue share in 2016 and is expected to continue its dominance over the forecast period. The industry is growing at a rapid pace owing to increasing R&D activities by various companies for developing new drugs. This has led to an increased demand for research services across the globe.
The biotechnology sector also contributes significantly towards revenue generation in this market owing to rising investments in genomics and proteomics studies across the world. Companies such as Merck Millipore offer a wide range of laboratory services including protein purification & characterization, sample preparation & handling, labelling & detection solutions that are essential for any modern-day biotechnology company.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D investments by various companies and rising adoption of new technologies across several sectors, such as pharmaceuticals, biotechnology, medical devices & diagnostics, and others. Moreover, high healthcare expenditure coupled with favorable reimbursement policies are also contributing toward regional growth.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as economic development in emerging countries; growing population; increase in disposable income levels; improvement in living standards due to rise in employment opportunities resulting from economic development; technological advancements leading towards increased agricultural production output along with demand for food security from a large population base.; and others (Ishigaki et al., 2016).
Growth Factors:
- Increasing demand for scientific research services from the biotechnology and pharmaceutical industries to support their R&D activities.
- Growing number of CROs and CMOs providing scientific research services, which is resulting in increased competition and driving down prices.
- Proliferation of new technologies and instruments that are helping researchers conduct more sophisticated experiments, which is increasing the demand for scientific research services.
- Rising spending on R&D by governments and private organizations as they seek to develop new drugs, therapies, and other products that can improve human health or solve various social problems.
- Increased use of outsourcing by academic institutions, hospitals, and other organizations to reduce costs while still obtaining high-quality scientific research services
Scope Of The Report
Report Attributes
Report Details
Report Title
Scientific Research Services Market Research Report
By Type
Software, Hardware, Services
By Application
Pharmaceutical Industry, Biotechnology, Medical Device Industry, Agriculture, Government, Cosmetic Companies, Others
By Companies
PPD, ICON, Algorithme, PRA, IQVIA, Syneos Health, WuXi AppTec, Parexel, Charles River, Covance, LGC, KCAS, Frontage, Evotec, Avista Healthcare Public, Medpace, Merck Millipore Sigma, BASi, QPS, Linical, Scientist
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Scientific Research Services Market Report Segments:
The global Scientific Research Services market is segmented on the basis of:
Types
Software, Hardware, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical Industry, Biotechnology, Medical Device Industry, Agriculture, Government, Cosmetic Companies, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PPD
- ICON
- Algorithme
- PRA
- IQVIA
- Syneos Health
- WuXi AppTec
- Parexel
- Charles River
- Covance
- LGC
- KCAS
- Frontage
- Evotec
- Avista Healthcare Public
- Medpace
- Merck Millipore Sigma
- BASi
- QPS
- Linical
- Scientist
Highlights of The Scientific Research Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Hardware
- Services
- By Application:
- Pharmaceutical Industry
- Biotechnology
- Medical Device Industry
- Agriculture
- Government
- Cosmetic Companies
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Scientific Research Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Scientific Research Services is a company that provides scientific research and consulting services. They offer a range of services, including conducting scientific research, providing expert testimony, and providing guidance on how to conduct scientific research.
Some of the major companies in the scientific research services market are PPD, ICON, Algorithme, PRA, IQVIA, Syneos Health, WuXi AppTec, Parexel, Charles River, Covance, LGC, KCAS, Frontage, Evotec, Avista Healthcare Public, Medpace, Merck Millipore Sigma, BASi, QPS, Linical, Scientist.
The scientific research services market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Scientific Research Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Scientific Research Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Scientific Research Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Scientific Research Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Scientific Research Services Market Size & Forecast, 2018-2028
4.5.1 Scientific Research Services Market Size and Y-o-Y Growth
4.5.2 Scientific Research Services Market Absolute $ Opportunity
Chapter 5 Global Scientific Research Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Scientific Research Services Market Size Forecast by Type
5.2.1 Software
5.2.2 Hardware
5.2.3 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Scientific Research Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Scientific Research Services Market Size Forecast by Applications
6.2.1 Pharmaceutical Industry
6.2.2 Biotechnology
6.2.3 Medical Device Industry
6.2.4 Agriculture
6.2.5 Government
6.2.6 Cosmetic Companies
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Scientific Research Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Scientific Research Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Scientific Research Services Analysis and Forecast
9.1 Introduction
9.2 North America Scientific Research Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Scientific Research Services Market Size Forecast by Type
9.6.1 Software
9.6.2 Hardware
9.6.3 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Scientific Research Services Market Size Forecast by Applications
9.10.1 Pharmaceutical Industry
9.10.2 Biotechnology
9.10.3 Medical Device Industry
9.10.4 Agriculture
9.10.5 Government
9.10.6 Cosmetic Companies
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Scientific Research Services Analysis and Forecast
10.1 Introduction
10.2 Europe Scientific Research Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Scientific Research Services Market Size Forecast by Type
10.6.1 Software
10.6.2 Hardware
10.6.3 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Scientific Research Services Market Size Forecast by Applications
10.10.1 Pharmaceutical Industry
10.10.2 Biotechnology
10.10.3 Medical Device Industry
10.10.4 Agriculture
10.10.5 Government
10.10.6 Cosmetic Companies
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Scientific Research Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Scientific Research Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Scientific Research Services Market Size Forecast by Type
11.6.1 Software
11.6.2 Hardware
11.6.3 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Scientific Research Services Market Size Forecast by Applications
11.10.1 Pharmaceutical Industry
11.10.2 Biotechnology
11.10.3 Medical Device Industry
11.10.4 Agriculture
11.10.5 Government
11.10.6 Cosmetic Companies
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Scientific Research Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Scientific Research Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Scientific Research Services Market Size Forecast by Type
12.6.1 Software
12.6.2 Hardware
12.6.3 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Scientific Research Services Market Size Forecast by Applications
12.10.1 Pharmaceutical Industry
12.10.2 Biotechnology
12.10.3 Medical Device Industry
12.10.4 Agriculture
12.10.5 Government
12.10.6 Cosmetic Companies
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Scientific Research Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Scientific Research Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Scientific Research Services Market Size Forecast by Type
13.6.1 Software
13.6.2 Hardware
13.6.3 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Scientific Research Services Market Size Forecast by Applications
13.10.1 Pharmaceutical Industry
13.10.2 Biotechnology
13.10.3 Medical Device Industry
13.10.4 Agriculture
13.10.5 Government
13.10.6 Cosmetic Companies
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Scientific Research Services Market: Competitive Dashboard
14.2 Global Scientific Research Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPD
14.3.2 ICON
14.3.3 Algorithme
14.3.4 PRA
14.3.5 IQVIA
14.3.6 Syneos Health
14.3.7 WuXi AppTec
14.3.8 Parexel
14.3.9 Charles River
14.3.10 Covance
14.3.11 LGC
14.3.12 KCAS
14.3.13 Frontage
14.3.14 Evotec
14.3.15 Avista Healthcare Public
14.3.16 Medpace
14.3.17 Merck Millipore Sigma
14.3.18 BASi
14.3.19 QPS
14.3.20 Linical
14.3.21 Scientist
