Press release
Scientific Research And Development Services Global Market: Surging to $931.27 Billion in 2025 Driven by Corporate Investments, Government Funding, and Climate Change Research
"Emerging technologies, a rise in corporate and government investments - and the great urgency for climate change actions - are catalyzing the growth of the global Scientific Research And Development Services market with a CAGR of 8.4%.
What Is The Projected Market Size Of The Scientific Research And Development Services Global Market And Its Growth Rate?
• The Scientific Research And Development Services market was worth $859.14 billion in 2024 and is expected to rise to $931.27 billion in 2025.
• A compound annual growth rate (CAGR) of 8.4% has been projected from 2024 to 2025.
• Corporate R&D investments, government funding, environmental research, defense and aerospace research, as well as the globalization of research are contributing to this growth.
• The market size is expected to see strong growth in the next few years, reaching $1352.65 billion by 2029 with a compound annual growth rate (CAGR) of 9.8%.
What Is Driving The Growth In The Scientific Research And Development Services Global Market Report 2025?
The increasing prevalence of chronic diseases globally is the primary growth propellant for the scientific research and development services market. Chronic conditions, which are usually long-term and develop over an extended period, require advanced medical solutions. Services in this area are focused on improving medical science, such as conducting clinical trials, creating innovative drugs and therapies, and developing leading-edge medical devices to address chronic diseases. For example, in September 2022, the World Health Organization reported 41 million deaths from chronic diseases annually. Thus, the rising prevalence of chronic diseases is propelling the growth of the scientific research and development services market.
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Who Are the Key Players Driving Scientific Research And Development Services Global Market Report 2025 Growth?
• Amazon.com Inc.
• Apple Inc.
• Volkswagen AG
• Alphabet Inc.
• Toyota Motor Corporation
• Samsung Electronics Co. Ltd.
• Microsoft Corporation
• Ford Motor Company
• General Motors Company
• Honda Motor Co. Ltd.
• Pfizer Inc.
• Johnson & Johnson
• Siemens AG
• Roche Holding AG
• Intel Corporation
• IBM Corporation
• Merck & Co. Inc.
• Cisco Systems Inc.
• Novartis International AG
• Bristol-Myers Squibb Company
• Qualcomm Incorporated
• Defense Advanced Research Projects Agency (DARPA)
• IQVIA Holdings Inc.
• Battelle Memorial Institute
• Piramal Group
• WuXi AppTec Co. Ltd.
• Charles River Laboratories Inc.
• Frog Design
• Lawrence Livermore National Laboratory LLC
• Lawrence Berkeley National Laboratory
• Jackson Laboratory
• Sanofi S.A.
• GlaxoSmithKline plc
What Are The Key Trends In The Scientific Research And Development Services Global Market Report 2025?
Key Trends Include:
• Integration of artificial intelligence (AI) in research
• Global collaboration in research projects
• Innovation in materials science and nanotechnology
• Integration of data science in research methodologies
• Robotics and automation research
What Are The Segments Of The Global Scientific Research And Development Services Global Market Report 2025?
• By Type: Social Sciences And Humanities Services, Physical, Engineering, And Life Sciences, Nanotechnology Services, Biotechnology Services
• By Mode: Online, Offline
• By End User Size: Large Enterprise, Small and Medium Enterprise
Which Region Leads The Scientific Research And Development Services Global Market Report 2025?
North America was the largest region in the scientific research and development services market in 2024. Coming in second, Asia-Pacific is also a significant player in this domain. The scientific research and development services market report covers the following regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Scientific Research And Development Services Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Scientific Research And Development Services Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Scientific Research And Development Services Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Scientific Research And Development Services Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Scientific Research And Development Services Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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