Press release
Key Influencer in the Scientific Research And Development Services Market 2025: Role Of Scientific Research And Development Services In Addressing The Global Surge In Chronic Diseases Driver
Scientific Research And Development Services
The increase in chronic diseases is anticipated to fuel the expansion of the scientific research and development services market. Chronic diseases encompass various enduring conditions that usually take a long time to develop. Services for scientific research and development are committed to progressing medical science by carrying out activities such as clinical trials, testing new drugs and treatments, and inventing breakthrough medical devices to combat chronic diseases. For example, the World Health Organization, a Switzerland-based specialized agency of the United Nations reported in September 2022 that there had been 41 million deaths globally, corresponding to 74% of deaths caused by non-communicable or chronic diseases. The deaths included 17.9 million from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Hence, the escalating prevalence of chronic diseases is a key driver for the growth of the scientific research and development services market.
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What is the projected compound annual growth rate (CAGR) of the scientific research and development services market from 2025 to 2034, and what factors influence it?
The market size for scientific research and development services has seen robust growth in recent years. It is projected to expand from $859.14 billion in 2024 to $931.27 billion in 2025, signifying a compound annual growth rate (CAGR) of 8.4%. This growth in the past period can be credited to factors such as corporate investment in R&D, governmental research funding, environmental and defense and aerospace research, and the globalization of research.
In the ensuing years, strong expansion is anticipated in the scientific research and development services market. The market size is set to grow to $1352.65 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 9.8%. This envisaged growth over the projected period can be credited to several factors such as research in renewable energy, space exploration, readiness for pandemics, human genetics study, smart cities research, and remote sensing along with earth observation. Noteworthy trends during this forecast period are expected to be the incorporation of artificial intelligence (AI) in research tasks, global teamwork on research ventures, breakthroughs in materials science and nanotechnology, assimilation of data science in research techniques, and research in robotics and automation.
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How are the latest trends influencing the growth of the scientific research and development services market?
Strategic alliances are being formed by leading firms in the Scientific Research and Development Services market to influence the direction of drug discovery and development. Partnerships and collaborations are vital in this market because they foster innovation, expedite the process of drug development, and open up opportunities for novel discoveries and enhancements. For example, Sanofi, a pharmaceutical company based in France, embarked on a strategic multi-objective research collaboration with Atomwise, a US-based tech-based pharmaceutical company, to facilitate AI-driven drug discovery in August 2022. Atomwise's AI technology will be utilized to pinpoint small molecules that might be viable drug candidates. Additionally, this technology will be utilized to estimate the effectiveness and security of these potential drug candidates.
What are the major segments of the scientific research and development services market and their role in driving growth?
The scientific research and development services market covered in this report is segmented -
1) By Type: Social Sciences And Humanities Services, Physical, Engineering, And Life Sciences, Nanotechnology Services, Biotechnology Services
2) By Mode: Online, Offline
3) By End User Size: Large Enterprise, Small and Medium Enterprise
Subsegments:
1) By Social Sciences And Humanities Services: Sociology Research Services, Psychology Research Services, Economics Research Services, Educational Research Services
2) By Physical, Engineering, And Life Sciences: Physics Research Services, Chemistry Research Services, Environmental Science Research Services, Engineering Research Services
3) By Nanotechnology Services: Nanomaterials Research And Development, Nanotechnology Testing and Characterization, Nanotechnology Consulting Services
4) By Biotechnology Services: Genetic Engineering Research Services, Pharmaceutical Research and Development, Agricultural Biotechnology Services, Clinical Trials And Research Services
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Which regions are key players in the growth of the scientific research and development services market?
North America was the largest region in the scientific research and development services market in 2024. Asia-Pacific was the second largest region in the scientific research and development services market. The regions covered in the scientific research and development services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the scientific research and development services market?
Major companies operating in the scientific research and development services market include 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 and 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
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What Is Covered In The Scientific Research And Development Services Global Market Report?
•Market Size Forecast: Examine the scientific research and development services market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the scientific research and development services market for a structured understanding.
•Key Players Overview: Analyze major players in the scientific research and development services market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the scientific research and development services market.
•Segment Contributions: Evaluate how different segments drive overall growth in the scientific research and development services market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the scientific research and development services market.
•Industry Challenges: Identify potential risks and obstacles affecting the scientific research and development services market.
•Competitive Landscape: Review strategic developments in the scientific research and development services market, including expansions, agreements, and new product launches.
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