Scientific Research And Development Services Industry Anticipated to Expand at 10.2% CAGR During the Forecast Period

November 13, 2025 by The Business Research Company

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#What Is The Projected Market Size Of The Scientific Research And Development Services Market By 2029?

The scientific research and development services market has experienced robust expansion in recent years. Its size is projected to increase from $865.46 billion in 2024 to $940.33 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.6%. Historically, this growth has been driven by factors such as corporate R&D investments, government funding for research, environmental research, defense and aerospace research, and the globalization of research.

The scientific research and development services market is anticipated to witness significant expansion in the coming years. It is forecast to reach $1387.92 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.2%. The increase in the forecast period can be attributed to areas such as renewable energy research, space exploration, pandemic preparedness, human genetics research, smart cities research, and remote sensing and earth observation. Prominent trends expected in this period include the use of artificial intelligence (AI) in research, increased global collaboration in research projects, innovations in materials science and nanotechnology, the incorporation of data science into research methodologies, and advancements in robotics and automation research.

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Which Drivers Are Supporting Growth Of The Scientific Research And Development Services Market?

The increasing incidence of chronic illnesses is anticipated to drive the expansion of the scientific research and development services market in the future. These are long-term conditions that manifest over a prolonged duration. Scientific research and development services are dedicated to advancing medical science through activities such as conducting clinical trials, testing innovative drugs and therapies, and creating cutting-edge medical devices to address chronic diseases. For example, data from September 2022, provided by the World Health Organization, a specialized agency of the United Nations based in Switzerland, revealed that 41 million deaths globally each year, constituting 74% of total fatalities, were attributed to non-communicable diseases (NCDs), also known as chronic diseases. Specifically, 17.9 million deaths resulted from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Consequently, the growing occurrence of chronic diseases is fueling the expansion of the scientific research and development services market.

What Are The Emerging Segments Gaining Attention In The Scientific Research And Development Services Market?

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

Which Trends Are Impacting The Scientific Research And Development Services Market?

Leading companies operating within the scientific research and development services market are forging strategic partnerships to influence the future landscape of drug discovery and development. These collaborations and alliances are vital in the Scientific Research And Development Services market, as they significantly contribute to driving innovation, accelerating drug development processes, and bringing forth new discoveries and advancements. For instance, in August 2022, Sanofi, a pharmaceutical firm based in France, established a strategic multi-target research collaboration with Atomwise, a US-based technology-enabled pharmaceutical company, focusing on AI-powered drug discovery. Atomwise’s AI technology will be utilized to pinpoint small molecules with the potential to become drug candidates. Additionally, this technology will predict the efficacy and safety of these prospective drug candidates.

Who Are The Core Companies Influencing The Scientific Research And Development Services Market Landscape?

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 Are The Regional Market Dynamics Impacting The Scientific Research And Development Services Industry?

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.

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