	Standard Report	Premium Report
Current State of the Industry
Market Size (industry trends)
Market Forecast (5-year projection)
Products/Services Breakdown
Revenue per State
Financial Metrics
Salary & Compensation Statistics
Public Company Information
Key Private Companies
Government Vendors
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2024 U.S. Industry Statistics & Market Forecast - Scientific Research and Development Services

Published: November 2024

Market Size & Industry Statistics

The total U.S. industry market size for Scientific Research and Development Services: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics	2019 2020 2021 2022 2023
Market Size (Total Sales/Revenue)		Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee

Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.

Forecast / Industry Outlook	2024	2025	2026	2027	2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)

Source: AnythingResearch Economic Analysis

Industry Insights

Major trends affect the Scientific Research and Development Services industry include:

Increased focus on sustainability and environmental impact
Rising investment in biotechnology and pharmaceuticals
Greater use of artificial intelligence and machine learning
Expansion of collaborative and open-source research
Emphasis on precision and personalized medicine
Enhanced data analytics capabilities
Growth of private and public sector funding
Shift towards remote and distributed research teams
Regulatory changes and increased scrutiny
Advances in genomics and genetic engineering
Integration of digital and physical simulation technologies
Increased emphasis on cybersecurity measures in research
Growing importance of interdisciplinary approaches

Product & Services Breakdown

Research products and services in the Scientific Research and Development Services industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description	Number of Companies	Sales ($ millions)	Percent of Total Sales
Industry Total
Basic And Applied Research In The Physical And Engineering Sciences
Basic And Applied Research In - Chemistry And Chemical Engineering
Basic And Applied Research In - Computer, Electrical, And Electronic Engineering
Basic And Applied Research In - Earth And Environmental Sciences
Basic And Applied Research In - Material, Mechanical, And Industrial Engineering
Basic And Applied Research In - Physics
Basic And Applied Research In - Astronomy
Basic And Applied Research In - Other Physical Sciences, Including Math, And Other Natural And Exact Sciences (Exclude Biologica
Basic And Applied Research In - Other Engineering Sciences, Including Civil, Construction, And Other Engineering
Computer Systems Design, Development, And Integration Services
Testing Services (Physical Or Product), Excluding Medical And Veterinary Services
Basic And Applied Research In Biotechnology
Basic And Applied Research In The Life Sciences (Exclude Biotechnology.)
Basic And Applied Research In - Pharmacology And Pharmaceutical Sciences
Basic And Applied Research In - Medical And Health Sciences
Basic And Applied Research In - Biological Science
Basic And Applied Research In - Agriculture, Forestry, And Allied Sciences
Basic And Applied Research In - Animal Production, Fisheries, And Veterinary Sciences
Basic And Applied Research In - Other Life Sciences, Excluding Biotechnology
Basic And Applied Research In The Social Sciences And Humanities
Basic And Applied Research In - Psychology
Basic And Applied Research In - Education
Basic And Applied Research In - Economics
Basic And Applied Research In - Other Social Sciences And Humanities
Development Services For Goods
Development Services For Service Products Processes, Systems, Or Methods
Outright Sale Of Original Works Of Intellectual Property
Advisory And Consulting Services For Research And Development Activities
Engineering Services
Licensing Of Rights To Use Intellectual Property
Licensing Of Rights To Use Intellectual Property Protected By Copyright
Licensing Of Rights To Use Intellectual Property Protected As Industrial Property
Resale Of Merchandise
All Other Receipts
All Other Operating Receipts
Contributions, Gifts, And Grants - Government
Contributions, Gifts, And Grants - Private
Investment Income, Including Interest And Dividends
All Other Revenue

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

	Industry Average	Percent of Sales (Industry Benchmark)
Total Revenue	Order at top of page
Operating Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit Net Income

Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Scientific Research and Development Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation Ratios	Industry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Scientific Research and Development Services industry is performing.
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Scientific Research and Development Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity Ratios	Industry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance Indicators	Industry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

Title	Percent of Workforce	Bottom Quartile
Management Occupations	19%	Order at top of page
Top Executives	6%
Chief Executives	1%
General and Operations Managers	6%
General and Operations Managers	4%
Operations Specialties Managers	5%
Other Management Occupations	8%
Business and Financial Operations Occupations	12%
Business Operations Specialists	10%
Computer and Mathematical Occupations	14%
Computer Occupations	12%
Software and Web Developers, Programmers, and Testers	6%
Software Developers	5%
Architecture and Engineering Occupations	14%
Engineers	11%
Life, Physical, and Social Science Occupations	23%
Life Scientists	11%
Biological Scientists	5%
Medical Scientists	5%
Medical Scientists, Except Epidemiologists	5%
Social Scientists and Related Workers	18%
Miscellaneous Social Scientists and Related Workers	10%
Life, Physical, and Social Science Technicians	6%
Social Science Research Assistants	10%
Social Science Research Assistants	10%
Office and Administrative Support Occupations	7%

Source: Bureau of Labor Statistics

Scientific Research and Development Services Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Scientific Research and Development Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Scientific Research and Development Services industry and adjacent sectors:

Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry	Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.	Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Scientific Research and Development Services industry.

Source:

Innovation News

Recent Federal Contracts for Scientific Research and Development Services

Apr 02, 2024: RESEARCH TRIANGLE INSTITUTE (Research Triangle Park, NC) awarded $3,925,032
Apr 02, 2024: EA ENGINEERING, SCIENCE, AND TECHNOLOGY, INC., PBC (Hunt Valley, MD) awarded $20,153,388
Apr 02, 2024: SIGMATECH, INC. (Huntsville, AL) awarded $57,935,745
Apr 02, 2024: BATTELLE NATIONAL BIODEFENSE INSTITUTE, LLC (Fort Detrick, MD) awarded $1,905,235
Apr 02, 2024: BRIGHAM AND WOMEN'S HOSPITAL, INC., THE (Boston, MA) awarded $3,022,089
Apr 02, 2024: TRITON SYSTEMS, INC. (Chelmsford, MA) awarded $1,189,632