Global $1232.67 Billion Scientific Research and Development Services Markets, 2015-2020, 2020-2025F, 2030F

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Dublin, March 19, 2021 (GLOBE NEWSWIRE) -- The "Scientific Research and Development Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

Scientific Research and Development Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global scientific research and development services market as it emerges from the COVID-19 shut down.

Major companies in the scientific research and development services market include Battelle Memorial Institute; IQVIA Holdings Inc; Defense Advanced Research Projects Agency; Lawrence Livermore National Laboratory LLC and Los Alamos National Laboratory.

The global scientific research and development services market is expected to grow from $816.57 billion in 2020 to $861.76 billion in 2021 at a compound annual growth rate (CAGR) of 5.5%.

The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1232.67 billion in 2025 at a CAGR of 9%.

North America was the largest region in the global scientific research and development services market, accounting for 39% of the market in 2020. Asia Pacific was the second largest region accounting for 27% of the global scientific research and development services market. Africa was the smallest region in the global scientific research and development services market.

4D printing has evolved from 3D printing with an additional feature of changing the geometrical shape and mechanical properties, with time being integrated as an additional fourth dimension. One of the major drawbacks of 3D printing is it can only take the shape in which it was originally made and is static and inanimate.

Now with the latest development of 4D printing, objects can now be made with responsive materials with certain inherent properties that can change or transform in response to external stimuli. It has widespread applications in medical science such as tissue regeneration in biomedical field. For example, printed micro tissue from bio ink can undergo maturation via cellular coating to form functional tissue constructs such as engineered tissue constructs. Major biotechnology research companies using 4D bio printing technology include Poietis, Biolife4D and Precise Bio.

The scientific research and development services market is expected to grow rapidly due to increasing lifestyle and chronic diseases. This is mainly due to unhealthy lifestyles, growing aging population, rising inactivity and obesity. According to the World Health Organization, chronic disease prevalence is expected to rise by 57% globally, by the year 2020.

China and India together had about 193.4 million diabetic patients in 2019 and India is expected to have about 101 million diabetic patients by 2030. In the field of mental health, the World Health Organization predicts that one in every four people are affected by a type of mental disorder, such as, depression, schizophrenia and anxiety in the future.

In response to this, national governments across the globe are rapidly increasing their medical research expenditure. For instance, China's medical research spending has increased and is expected to reach $1 trillion by 2020. Therefore, increasing investment for medical research to treat chronic diseases is further driving the demand for scientific research and development services.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Scientific Research and Development Services Market Characteristics
3.1. Market Definition
3.2. Key Segmentations

4. Scientific Research and Development Services Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products

5. Scientific Research and Development Services Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers

6. Scientific Research and Development Services Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth

7. Scientific Research and Development Services Market Trends and Strategies

8. Impact of COVID-19 on Scientific Research and Development Services

9. Scientific Research and Development Services Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market

10. Scientific Research and Development Services Market Regional Analysis
10.1. Global Scientific Research and Development Services Market, 2020, by Region, Value ($ Billion)
10.2. Global Scientific Research and Development Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Scientific Research and Development Services Market, Growth and Market Share Comparison, by Region

11. Scientific Research and Development Services Market Segmentation
11.1. Global Scientific Research and Development Services Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Social Sciences and Humanities Services
  • Physical, Engineering, and Life Sciences
  • Nanotechnology Services
  • Biotechnology Services

12. Scientific Research and Development Services Market Metrics
12.1. Scientific Research and Development Services Market Size, Percentage of GDP, 2015-2025, Global
12.2. Per Capita Average Scientific Research and Development Services Market Expenditure, 2015-2025, Global

Companies Mentioned

  • Battelle Memorial Institute
  • IQVIA Holdings Inc
  • Defense Advanced Research Projects Agency
  • Lawrence Livermore National Laboratory LLC
  • Los Alamos National Laboratory

For more information about this report visit https://www.researchandmarkets.com/r/8a3rs0

 

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