RESEARCH AND DEVELOPMENT IN BIOTECHNOLOGY

Research and Development in Biotechnology (NAICS code 541711) is a federal spending category that allocated nearly $24 million in FY24. This specialized sector, crucial for advancing scientific innovation, surprisingly shows a highly concentrated market; despite its substantial value, the entire landscape is composed of only 6 contracts distributed among 5 unique vendors and 5 distinct agencies. This limited participation suggests a very specialized niche or an emerging contracting environment, with key contributions from entities like Bruker AXS LLC and Relicura LLC.

NAICS

541711

Contracts

577

Vendors

134

Agencies

10