The Scientific Research Services industry encompasses a broad range of government and private sector organisations spanning many fields of scientific research and study. The industry continues to rely heavily on public sector funding, despite increasing calls for self-funding. Industry firms are facing increasing pressure to generate own-source revenue by raising funds through donations and co-investment with other corporations and governments, and by royalty and licence revenue on intellectual property. These pressures will mount in future years, especially while industry profit and surplus levels remain low.
Organisations in the industry undertake research in the agricultural, biological, physical and social sciences. This research may be undertaken for themselves or for other organisations. A large proportion of funding for scientific research is provided by federal, state and territory governments.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.