Lab work: Improving corporate profit and business sentiment, along with rising government expenditure will contribute to growth

The Scientific Research and Development industry in Canada includes organizations conducting physical, engineering and life sciences research, but does not include private research and development (R&D) conducted in-house at corporations. Private enterprises represent the majority of industry clients and funding. However, due to low profit margins during much of the period, enterprise investment remained low for much of the five years to 2018. Government funding for R&D is expected to grow as the current administration has made investment in Canadian research a priority. Recently, there have been signs that the industry will experience a change in fortune, particularly as the current administration has indicated an intention to increase R&D funding under its Innovation Agenda...read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 13-18
-6.1%
Forecast Growth 18-23
Profit
Employment
43,192
Businesses
4,672
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • New enterprises have entered the market, encouraged by targeted funding toward technological and innovative research areas
  • Improving the environment was a key issue over the past five years that encouraged growth
  • The merging of major operators will permit companies to share proprietary information and improve economies of scale
  • Industry Report - Industry Products Chapter

    Environmental researchEnvironment and Climate Change Canada, formerly known as Environment Canada, is the federal department responsible for coordinating environmental policies as well as preserving and enhancing the natural environment and renewable resources. Divisions under this office include the Environmental Protection Branch, the Meteorological Service of Canada and the Science and Technology Branch. Industry relevant research conducted through these operations include climate change, meteorological and weather, air quality, water and nature. The office also has a wide range of scientific publications that it uses to support both itself and other branches of the government to further their research and knowledge capacity. This segment is expected to generate 8.9% o...purchase to read more.

    Additional Insights for the Scientific Research & Development Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Scientific Research & Development Industry are

  • Having a good reputation
  • Provision of appropriate facilities
  • Ability to effectively manage risk
  • IBISWorld analysts also discuss how external factors such as Research and development expenditure and Corporate profit in the Scientific Research & Development industry impact industry performance..

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    What's in this report

    What is the Scientific Research & Development Industry?

    This industry conducts physical, engineering or life sciences research and development (R&D). This industry does not include operators such as pharmaceutical or manufacturing companies that may undertake R&D to support operations. Government entities are also excluded from this industry.

    Industry Products
  • Environmental research
  • Natural resources and energy research
  • Health and life sciences research
  • Information and communications research
  • Industry Activities
  • Engineering and technology research
  • Electrical engineering research
  • Software engineering research
  • Mechanical engineering research
  • Medical and health sciences research
  • Natural and formal sciences research
  • Agricultural, forestry and fisheries research
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Research and development expenditure
  • Corporate profit
  • Government expenditure and investment
  • Overnight rate

  • Current Performance
  • Corporate investment
  • Government slowdown
  • New assistance
  • Opportunity spurs entrants
  • Chart: Revenue Growth

  • Industry Outlook
  • Private product development
  • Federal government’s “Innovation Agenda”
  • Industry expansion
  • Table: Scientific Research & Development Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Scientific Research & Development Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting In Canada
  • Mining In Canada
  • Utilities In Canada
  • Manufacturing In Canada
  • Educational Services In Canada
  • Healthcare and Social Assistance In Canada
  • Public Administration in Canada

  • Key Selling Industries
  • Chemical Product Manufacturing in Canada
  • Colleges & Universities in Canada
  • Healthcare and Social Assistance In Canada
  • Laboratory Testing Services in Canada
  • Medical Device Manufacturing in Canada
  • Scientific & Economic Consulting in Canada

  • Products & Services
  • Health and life sciences research
  • Other
  • Environmental research
  • Information and communications research
  • Natural resources and energy research
  • Chart: Scientific Research & Development Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Private business
  • Higher education sector
  • Federal government
  • Provincial government
  • Foreign sector
  • Private nonprofit organizations
  • Chart: Major Market Segmentation for the Scientific Research & Development Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases and depreciation
  • Rent and utilities
  • Marketing and other
  • Chart: Cost Structure Benchmarking – Sector vs Scientific Research & Development

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Scientific Research & Development Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Scientific Research & Development Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Scientific Research & Development Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Research and development expenditure (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Formal Sciences
  • Science concerned with fields including logic, mathematics, statistics and theoretical computer science.
  • Life Sciences
  • Refers to biotechnology, biological sciences and other medical sciences.
  • Nanotechnology
  • The study of controlling matter on an atomic and molecular scale.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Scientific Research & Development market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Scientific Research & Development:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Scientific Research & Development market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Scientific Research & Development, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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