Medical research demand boosts scientific research and development services market

Medical research demand boosts scientific research and development services market

Scientific Research and Development Services Market Report 2022 - Market Size, Global Trends and Forecast 2022 - 2026

Global Research and Development Services Market Report 2022 – Market Size, Global Trends and Forecast 2022 – 2026

Global Business Research and Development Services Market Report 2022 – Market Size, Trends and Global Forecast 2022 – 2026

LONDON, Greater London, UK, January 13, 2022 / EINPresswire.com/ – The market for scientific research and development services is expected to grow rapidly due to an increase in lifestyle and chronic diseases. This is mainly due to unhealthy lifestyles, an aging population, and increasing inactivity and obesity. According to the World Health Organization, the prevalence of chronic diseases reached 57% globally, in 2020. Together, China and India had about 193.4 million patients with diabetes in 2019, and India is expected to have about 101 million patients with diabetes by 2030. In In the field of mental health, the World Health Organization predicts that one in four people will have some form of mental disorder, such as depression, schizophrenia, and anxiety in the future. In response, national governments around the world are rapidly increasing their spending on medical research. For example, spending on medical research increased in China and reached $1 trillion in 2020. Therefore, increased investment in medical research for the treatment of chronic diseases along with R&D services market trends increases the demand for such R&D services.

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The main types of scientific research and development services are social sciences, humanities, physical and engineering services, life sciences, nanotechnology services, and biotechnology services. Nanotechnology is the sub-atomic manipulation of matter to create new structures, materials and technologies. Technology will benefit many areas, including medical and consumer goods, energy, materials, and manufacturing. The different sizes of organizations include large organizations, small and medium businesses, and include different modes such as online and offline.

Read more about the global Scientific Research and Development Services market report:

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The global scientific research and development services market size is expected to grow from $725.56 billion in 2021 to $822.49 billion in 2022 at a compound annual growth rate (CAGR) of 13.4%. The growth in the scientific research and development services market is mainly due to companies rearranging their operations and recovering from the impact of COVID-19, which earlier led to restrictive containment measures including social distancing, remote work and business closures which led to operational challenges. The scientific research and development market is expected to reach $1292.01 billion in 2026 at a compound annual growth rate of 12.0%.

The major players being taken up in the global scientific research and development services industry are IQVIA Holdings Inc. Battelle Memorial Institute, Defense Advanced Research Projects Agency, Lawrence Livrmore National Laboratory LLC, Charles River Laboratories, Inc., Frog design, Lawrence Berkeley National Lab, Jackson Laboratory, Piramal Group, WuXi AppTec Co Ltd.

North America was the largest region in the scientific research and development services market in 2021. The Asia Pacific region was the second largest region in the scientific research and development services market. The regions covered in the Research and Development Services market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, and the Middle East & Africa.

Global TBRC Scientific Research and Development Services Market Report has been segmented by type Social and Human Services, Physical, Engineering and Life Sciences, Nanotechnology Services, Biotechnology Services, by End User Size into Large Enterprise, Small and Medium Enterprise, by Mode to Online Offline .

Global Scientific Research and Development Services Market Report 2022 – By Type (Social and Human Sciences, Physical, Engineering, and Life Sciences Services, Nanotechnology Services, Biotechnology Services), By End User Size (Large Enterprise, Small and Medium Enterprise), by Status ( Online, Offline) – Global Market Size, Trends and Forecast 2022 – 2026 is one of a series of new reports from Business Research Company that provides an overview of the Research and Development Services Market, forecast the Research and Development Services market size and growth for the entire market, Research Research and Development Services market segments, geographical regions, Research and Development Services market trends, Research and Development Services market drivers, restraints, key competitors revenue, profiles, and market shares.

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