Scientific Services Market Report 2024 (Global Edition)

Global Scientific Services Market Report 2024 Market Size Split by Type (Social Sciences And Humanities Services, Physical, Engineering And Life Sciences, Nanotechnology Services, Biotechnology Servic...

Scientific Services Market Report Description

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Scientific Services Market Insights Video

Competitive Landscape of the Scientific Services Market

The Competitive Landscape of the Scientific Services Market is characterized by the presence of a diverse range of companies offering specialized Scientific services. Key players in the market include contract research organizations (CROs), Scientific consulting firms, and academic institutions, among others. These companies compete based on factors such as service quality, technological capabilities, geographic presence, and pricing.

October 2023: LabCorp announced the acquisition of the outreach laboratory business and selected operating assets of Baystate Health, comprising laboratory service centres operated by Baystate Health throughout Massachusetts, US. (Source: https://ir.labcorp.com/news-releases/news-release-details/labcorp-and-baystate-health-announce-strategic-relationship) September 2018: Thermo Fisher Scientific announced to open multiple Global Customer Solution Centers. These centers will focus on meeting the demands of scientists in food, beverage, pharmaceutical, and biotech laboratories by developing critical workflows and integrated solutions. (Source: https://www.fssai.gov.in/upload/media/FSSAI_News_ScienceZ_ThermoFisher_24_09_2018.pdf)

Top Companies Market Share in Scientific Services Industry: (In no particular order of Rank)

• PPD
• ICON
• Algorithme
• PRA
• IQVIA
• Syneos Health
• WuXi AppTec
• Parexel
• Charles River
• Covance
• LGC
• KCAS
• Frontage
• Evotec
• Avista Healthcare Public
• Medpace
• Merck Millipore Sigma
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Scientific Services Market

Which Region Dominates the Scientific Services Market in 2024?

According to Cognitive Market Research, North America is the dominant region in the Scientific Services Market due to several key factors. Firstly, the region boasts a highly developed healthcare infrastructure and a strong focus on research and development, particularly in the pharmaceutical and biotechnology sectors. Secondly, North America is home to a large number of leading Scientific research institutions, universities, and laboratories, attracting top talent and fostering innovation.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is the fastest-growing region in the Scientific Services Market due to several key factors. Firstly, the region is experiencing rapid economic growth, leading to increased investment in healthcare and research infrastructure. Secondly, there is a rising demand for pharmaceutical and biotechnology services, driven by a growing population and increasing prevalence of chronic diseases. Additionally, Asia Pacific offers a large pool of skilled Scientific professionals at competitive costs, making it an attractive destination for outsourcing Scientific services.

 

The current report Scope analyzes Scientific Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Scientific Services Market

According to Cognitive Market Research, the global Scientific Services market size was estimated at USD 854874.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 341949.68million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2%from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Scientific Services market with a market size of USD 269798.30million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. The demand is amplified by the nation's robust research and development activities.
• The Canada Scientific Services market had a market share of USD 41033.96 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Canada's robust research and development activities.
• The Mexico Scientific Services market is projected to witness growth at a CAGR of 6.7% during the forecast period,with a market size of USD 31117.42million in 2024.

Europe Scientific Services Market

According to Cognitive Market Research, the global Scientific Services market size was estimated at USD 854874.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 256462.26million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5%from 2024 to 2031.

• The United Kingdom Scientific Services market had a market share of USD 43085.66million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. In the UK, Scientific Services sales witness an upswing due to the nation's increasing research and development activities, technological advancements.
• The France Scientific Services market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 23594.53million in 2024.
• According to Cognitive Market Research, the Germany Scientific Services market size was valued at USD 50779.53million in 2024 and is projected to grow at a CAGR of 6.7%during the forecast period. In Germany, Scientific Services sales surged due to the increasing research and development activities, technological advancements.
• The Italy Scientific Services market is projected to witness growth at a CAGR of 5.9% during the forecast period,with a market size of USD 22055.75 million in 2024.
• The Russia Scientific Services market is projected to witness growth at a CAGR of 5.5% during the forecast period,with a market size of USD 39751.65 million in 2024.
• The Spain Scientific Services market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 21029.91 million in 2024
• The LuxembourgScientific Services market is projected to witness growth at a CAGR of 6.6%during the forecast period, with a market size of USD 7950.33million in 2024.
• The PortugalScientific Services market is projected to witness growth at a CAGR of 6.3%during the forecast period, with a market size of USD 5385.71million in 2024.
• The GreeceScientific Services market is projected to witness growth at a CAGR of 6.8%during the forecast period, with a market size of USD 3077.55million in 2024.
• Rest of Europe'Scientific Services market is projected to witness growth at a CAGR of 5.2%during the forecast period, with a market size of USD 39751.65million in 2024.

Asia Pacific Scientific Services Market

According to Cognitive Market Research, the global Scientific Services market size was estimated at USD 854874.2Million, out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 196621.07million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0%from 2024 to 2031.

• According to Cognitive Market Research, the China Scientific Services market size was valued at USD 88479.48 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. Scientific Services sales surge in China due to the increasing research and development activities, technological advancements.
• The Japan Scientific Services market is projected to witness growth at a CAGR of 8.5% during the forecast period,with a market size of USD 27133.71 million in 2024.
• The India Scientific Services market had a market share of USD 23594.53 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. India's increasing research and development activities, technological advancements.
• The South Korea Scientific Services market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 19662.11million in 2024.
• The Australia Scientific Services market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 10224.30million in 2024.
• The South East Asia Scientific Services market is projected to witness growth at a CAGR of 11.0%during the forecast period, with a market size of USD 13566.85million in 2024.
• The Rest of Asia Pacific Scientific Services market is projected to witness growth at a CAGR of 9.8%during the forecast period, with a market size of USD 13960.10million in 2024.

South America Scientific Services Market

According to Cognitive Market Research, the global Scientific Services market size was estimated at USD 854874.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 42743.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4%from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Scientific Services market size was valued at USD 18294.31million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Scientific Services sales flourish in Brazil due to the increasing investments in research and development, rising demand for specialized services.
• Argentina Scientific Services market had a market share of USD 7180.94million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. Argentina's increasing investments in research and development.
• Colombia Scientific Services market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD 3804.19 million in 2024.
• Peru Scientific Services market is projected to witness growth at a CAGR of 7.6% during the forecast period with a market size of USD 3504.98million in 2024.
• Chile Scientific Services market is projected to witness growth at a CAGR of 7.7% during the forecast period with a market size of USD 3077.55 million in 2024.
• The Rest of Latin America Scientific Services market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 6881.74 million in 2024.

Middle East and Africa Scientific Services Market

According to Cognitive Market Research, the global Scientific Services market size was estimated at USD 854874.2 Million, out of which the Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 17097.48million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7%from 2024 to 2031.

• The GCC Countries Scientific Services market is projected to witness growth at a CAGR of 8.5% during the forecast period with a market size of USD 7317.72 million in 2024. Scientific Services sales flourish due to the increasing government investments in research and development.
• The Egypt Scientific Services market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 1795.24 million in 2024.
• The South Africa Scientific Services market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 2701.40 million in 2024. Scientific Services sales flourish in South Africa due to the increasing government investments in research and development.
• The Turkey Scientific Services market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 1470.38 million in 2024.
• The Nigeria Scientific Services market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 1795.24 million in 2024.
• The Rest of MEA Scientific Services market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 2017.50 million in 2024.

Scientific Services Market Analysis

Scientific Services MarketTypeSegment Analysis

According to Cognitive Market Research, the dominant categories is Biotechnology Services. Biotechnology services encompass a wide range of offerings, including genetic engineering, gene therapy, and bioinformatics. This category is dominating due to the increasing demand for personalized medicine and advancements in genetic research. Biotechnology services play a crucial role in drug development, agriculture, and environmental conservation, driving their dominance in the market. With ongoing research and development in biotechnology, this category is expected to continue growing rapidly.

The fastest-growing category in the Scientific Services Market is Nanotechnology Services. Nanotechnology involves the manipulation of matter on an atomic and molecular scale, offering innovative solutions in various fields such as medicine, electronics, and materials science. The rapid growth of nanotechnology services is fueled by increasing investments in research and development, as well as the rising demand for nanomaterials and nanodevices. Nanotechnology services are driving advancements in drug delivery systems, renewable energy, and electronics, making it a key growth driver in the Scientific services market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Scientific Services Industry. Request a Free Sample PDF!

Scientific Services Market Mode Segment Analysis

According to Cognitive Market Research, the dominant category is Offline services. Offline services encompass traditional laboratory-based research, testing, and consulting services conducted in physical facilities. This category dominates due to the complex nature of many Scientific experiments and analyses that require specialized equipment and controlled environments. Clients often prefer offline services for their assurance of quality, reliability, and hands-on interaction with service providers.

The fastest-growing category in the Scientific Services Market is Online services. Online services leverage digital platforms to offer Scientific research, analysis, and consulting remotely. The growth of online services is propelled by advancements in technology, particularly in data analytics, artificial intelligence, and cloud computing. These technologies enable faster and more efficient data processing, making online services increasingly popular for their convenience and cost-effectiveness.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Scientific Services Organization Size Segment Analysis

Organization Size Segment Analysis

According to Cognitive Market Research, the dominant category is Large Enterprise services. Large enterprises in the Scientific services sector often have the resources and capabilities to offer a wide range of specialized services, including research, development, and consulting. Their dominance is attributed to their established reputation, extensive client base, and ability to undertake large-scale projects. Clients often choose large enterprises for their comprehensive service offerings, advanced technologies, and proven track record of delivering high-quality results. Additionally, large enterprises can invest in cutting-edge research and development, further solidifying their dominance in the market.

The fastest-growing category in the Scientific Services Market is Small and Medium Enterprise. SMEs are experiencing rapid growth due to their agility, flexibility, and ability to cater to niche markets and specialized services. SMEs often focus on innovation and personalized services, attracting clients seeking customized solutions and faster turnaround times. Additionally, advancements in technology have leveled the playing field, allowing SMEs to compete with larger enterprises in terms of service quality and efficiency.

• Large Enterprise
• Small and Medium Enterprise

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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