$12.0bn
$XXX.Xm
45,845
6,117
$X.Xbn
The Scientific Research Services industry has performed well over the past few years. The industry includes various government and private sector organisations operating across many scientific fields, particularly in the medical, health and IT sectors. It relies heavily on public sector funding, even though the Federal Government is increasingly calling for more self-funding for research and development (R&D). Research organisations face pressure to generate own-source revenue by raising funds through donations and co-investment with other corporations and governments, and through royalty and licence revenue on intellectual property. Private businesses can also commercialise their research by generating revenue streams after taking developed products to market. These pressures are continuing, as industry profit margins remain low.
Industry revenue has grown at a CAGR of 1.0 % over the past five years, to reach an estimated $12.0bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue ($m)
2025 |
---|---|---|
CSIRO | 1,788.0 | |
Australian Nuclear Science and Technology Operations | 430.2 | |
CSL | 322.7 |
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Industry revenue is measured across several distinct product and services lines, including Experimental development research, Applied research and Strategic basic research. Experimental development research is the largest segment of the Scientific Research Services in Australia.
Ongoing studies on COVID-19 are fuelling revenue from the applied research segment
Scientific research organisations undertake research relating to agricultural, biological, physical and social sciences. Organisations undertake research for themselves or for other organisations. Federal, state and territory governments provide a large proportion of funding for scientific research.
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ANZSIC 6910 - Scientific Research Services in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The government is spending more on scientific research and development. Since capital and total health expenditure have been climbing, research funding has been on the rise.
Learn about an industry's products and services, markets and trends in international trade.
Applied research involves specific research that research organisations conduct, based on previous knowledge. Interest in fields like environmental sciences and renewable ene...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Different locations tend to have different purposes for research organisations. Some locations may mostly carry out theoretical research, while physical development occurs el...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Research organisations compete with one another for government and private contracts. They also compete on the basis of funding, as government funding facilitates a large amo...
Learn about the performance of the top companies in the industry.
CSIRO is Australia’s largest scientific research organisation, and is the largest in the industry. It has been adapting its operations – for example, it has been partnering w...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Various statutory bodies advise on funding and research programs. The National Association of Testing Authorities also provides laboratory accreditation to research organisat...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The COVID-19 pandemic sparked extra funding for the industry, particularly for vaccine research. This influx of funding has temporarily elevated profit margins.
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Scientific Research Services industry in Australia is $12.0bn in 2024.
There are 6,117 businesses in the Scientific Research Services industry in Australia, which has grown at a CAGR of 5.2 % between 2019 and 2024.
The market size of the Scientific Research Services industry in Australia has been growing at a CAGR of 1.0 % between 2019 and 2024.
Over the next five years, the Scientific Research Services industry in Australia is expected to grow.
The biggest companies operating in the Scientific Research Services market in Australia are CSIRO, Australian Nuclear Science and Technology Operations and CSL
Applied research and Experimental development research are part of the Scientific Research Services industry.
The company holding the most market share in Australia is CSIRO.
The level of competition is high and increasing in the Scientific Research Services industry in Australia.