Scientific Research & Development in the US
Operators in the Scientific Research and Development industry undertake physical, engineering or life sciences research and development; over the five years to 2018, industry revenue grew in line with an expanding economy. Though budget sequestration and further governmental funding declines harmed operators by reducing revenue from an important source of demand, the industry performed well as a result of its transition toward private funding sources. Additionally, the industry's revenue streams are expected to stabilize over the next five years. Improving private investment from major industries, such as from the life sciences and healthcare sectors, will bolster long-term growth. Additionally, investment in new technologies, such as nanotechnology, will benefit industry operators.
This industry includes companies and organizations that are involved in physical, engineering or life sciences research and development (R&D). The industry only includes operators whose primary purpose is R&D and excludes players such as pharmaceutical or manufacturing companies that may undertake R&D to support their primary operations. Government entities are also excluded from this industry, though these entities may contract and fund the research this industry undertakes.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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