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2013 Projected Global Laboratory Products Budgets

NEW YORK, April 3, 2013 /PRNewswire/ -- announces that a new market research report is available in its catalogue:

2013 Projected Global Laboratory Products Budgets

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 SummaryThis 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.The average budget for lab products is $ in 2012, compared to $ in 2011. Details on the seven product categories and subcategories within those categories are provided in the body of the research.Researchers indicate the product categories that their labs purchased or expect to purchase in the 2011-2013 period. Typically, they indicate the highest values in 2012, probably because of their greater familiarity with the current year. Chemicals and general lab supplies garner the highest values; life science reagents and kits the lowest. (Other categories covered are instruments, equipment, glassware, and plasticware).For service and repair of instruments and equipment, manufacturer service contracts garner the highest revenue, even though in-house service departments and do-it-yourself service are also widely used. The latter appear to be much more cost-effective.


Research Objectives and Methods 6Executive Summary and Implications 9Researcher and Institution Profile 21Overall Laboratory Budget 25Laboratory Products Purchased: Past, Current, and Future 26Budget Trends from 2011 to 2013 32Laboratory Product Budget Trends by Product Type 34Shares of Instrument Spending 36Shares of Equipment Spending 38Shares of Chemicals Spending 40Shares of Life Science Reagents and Kits Spending 42Shares of Glassware Spending 44Shares of Plasticware Spending 46Service and Repair Budget 47Average Instruments Service and Repair Budget 48Average Equipment Service and Repair Budget 49General Industry Impact 50Awareness of Top Companies by Laboratory Product 54Cross-segment Comparisons by Laboratory Type 62Customer Segment—Academic 74Customer Segment—Biopharmaceutical 79Customer Segment—Industrial 84Customer Segment—Patient Care 89Customer Segment—Government 94Appendix 100The Frost & Sullivan Story 102

To order this report: 2013 Projected Global Laboratory Products Budgets

__________________________Contact Clare: US:(339) 368 6001 Intl:+1 339 368 6001

SOURCE Reportlinker

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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