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2013 Projected Global Laboratory Products Budgets

NEW YORK, March 21, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

2013 Projected Global Laboratory Products Budgets

http://www.reportlinker.com/p01083090/2013-Projected-Global-Laboratory-Products-Budgets.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Glass_Manufacturing

This survey of 170 laboratory managers and researchers investigates budgets for these product categories: instruments, equipment, chemicals, life science reagents and kits, glassware, plasticware, and general laboratory supplies over the 2011-2013 period. Budgets for service and repair of instruments and equipment also are presented. Additionally, respondents name the brands that are top-of-mind (unaided brand recognition) in each of the seven product categories. Finally, by-laboratory-type analyses are presented. The lab types examined are: academic, biopharmaceutical, industrial, patient care, and government.

Executive Summary

This study is based on a survey of researchers working in laboratories of various types worldwide. However, most respondents work in the United States. All professed at least some degree of familiarity with their lab's budget.

With the 'fiscal cliff' looming, the possibility that substantial portions of the U.S. federal budget will be trimmed in 2013, laboratories that depend on government money are anticipating sharply constrained budgets. Other labs may also be affected due to the negative impact that lower federal spending and higher taxes would have on the overall economy. Thus, instead of the once-typical growth of to percent, overall growth of just percent is anticipated for 2013, after percent growth in 2012.

Budget growth rates realized in 2012 and anticipated for 2013 differ substantially across laboratory and product type, as illustrated throughout the body of this research. Academic labs expect budget growth of percent, after a percent decline in 2012. All other lab types expect slower growth in 2013 than in 2012. However, because of the large share of academic labs in the sample, overall budget growth across all lab and product types is expected to increase slightly.

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