Positive results: Private research investment has increased industry demand and revenue growth

The Scientific Research Services industry includes a range of government and private sector organisations across many scientific research fields. The industry relies heavily on public sector funding, despite increasing calls for greater self-funding by the Australian Government. Industry firms face increasing pressure to generate own-source revenue by raising funds through donations and co-investment with other corporations and governments, and through royalty and licence revenue on intellectual property. Private businesses also look to commercialise their research by generating revenue streams after taking developed products to market...read more.

Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 13-18
4.5%
Forecast Growth 18-23
Profit
Employment
25,470
Businesses
3,833
Market Share of Companies

Industry Threats & Opportunities

  • Rising private research investment has increased industry demand and revenue growth
  • Programs such as Cooperative Research Centres have encouraged commercially focused research
  • The Federal Government is under pressure to improve business R&D expenditure
  • Industry Report - Industry Products Chapter

    Research institutions and organisations in the industry carry out various types of scientific research. These include experimental development, applied, strategic basic and pure basic research.Experimental development researchExperimental development is systematic work using existing knowledge that is directed to producing new or improved products or processes. This type of research is carried out on products that have already been developed to add value to these existing products, and to generate greater potential for positive returns on the initial research investment. The private sector mainly carries out this type of research, with only a small proportion carried out by universities. Inc...purchase to read more.

    Additional Insights for the Scientific Research Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Scientific Research Services Industry are

  • Having a high prior success rate (including completed prior contracts)
  • Provision of appropriate facilities
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Private research and development expenditure and Capital expenditure by the private sector in the Scientific Research Services industry impact industry performance..

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    What's in this report

    What is the Scientific Research Services Industry?

    Industry organisations undertake research relating to agricultural, biological, physical and social sciences. This research may be undertaken for themselves or for other organisations. Federal, state and territory governments provide a large proportion of funding for scientific research.

    Industry Products
  • Experimental development research
  • Applied research
  • Strategic basic research
  • Pure basic research
  • Industry Activities
  • Aeronautical research services
  • Agricultural research services
  • Biological and biotechnology research services
  • Economic research services
  • Food research services
  • Industrial research services
  • Medical research services
  • Space tracking research station operation and observatory research services
  • Research farm operation
  • Scientific and social science research services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Private research and development expenditure
  • Capital expenditure by the private sector
  • Demand from professional, scientific and technical services
  • Capital expenditure by the government
  • Total health expenditure

  • Current Performance
  • Steady revenue growth
  • Revenue and funding sources
  • Research funding trends
  • Research collaboration
  • Chart: Revenue Growth

  • Industry Outlook
  • Future revenue growth
  • Government research priorities
  • Research funding trends
  • Table: Scientific Research Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Scientific Research Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Pharmaceutical Product Manufacturing
  • Defence
  • Health Services
  • Wired Telecommunications Network Operation
  • Wireless Telecommunications Carriers

  • Key Selling Industries
  • Central Government Administration
  • Environmental Science Services
  • Measurement and Other Scientific Equipment Manufacturing

  • Products & Services
  • Experimental development research
  • Applied research
  • Strategic basic research
  • Pure basic research
  • Chart: Scientific Research Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Medical and health sector
  • Information technology and engineering industries
  • Chemical, energy and manufacturing industries
  • Other sectors
  • Agricultural organisations
  • Environmental organisations
  • Chart: Major Market Segmentation for the Scientific Research Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Scientific Research Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Scientific Research Services Industry

  • Industry Globalization
    Commonwealth Scientific & Industrial Research Organisation,
  • Table: Commonwealth Scientific & Industrial Research Organisation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Scientific Research Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Scientific Research Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Csiro
  • Commonwealth Scientific & Industrial Research Organisation.
  • Grant
  • Money provided (usually by a government agency) for study in a particular field endorsed by the body providing the money.
  • Nhmrc
  • National Health and Medical Research Council, provides funding for all research relating to human health and medicine.
  • R&D
  • Research and development into innovations and advancements across scientific, technical, medical and other fields.
  • What Our Customers Say

    Why buy this report?

    The Scientific Research Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Scientific Research Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Scientific Research Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Scientific Research Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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