Global Laboratory Products Purchasing Trends, 2017-2018

  • ID: 4471612
  • Report
  • Region: Global
  • 94 pages
  • Frost & Sullivan
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An End User Perspective on Laboratory Spending Reveals Optimism for Growing 2018 Budgets

Readers of a media partners were invited to participate in an online survey in July 2017 that centered around the state of their laboratories in 2017 and their expectations for 2018. Frost & Sullivan has conducted similar studies among the same targeted respondents since 2012. Where applicable, the study presents year-over-year data to illustrate yearly trend developments. To qualify for survey participation, readers had to play a role in their laboratory’s purchasing process, be familiar with their laboratory’s product budgets, and represent a laboratory that either uses or plans to use products in one or more of the seven specified laboratory product categories: instruments, equipment, chemicals, reagents and kits, general lab supplies, plasticware, and glassware.

A total of 207 decision makers qualified for and completed the survey, answering questions on purchases, budgets, top companies, and purchasing preferences. Respondents were segmented by type of laboratory: academic, biopharmaceutical, government, industrial, and clinical.

This end user survey polled researchers on their preferences in order to understand the laboratory products purchasing process and how that differs among the various organization types that utilize these products in their labs. The data collected was quantitative in respect to budgets and qualitative with reference to end user trends, such as budget expectations, brand selection preferences, purchasing process steps, evaluation and sourcing of lab products, recent and expected instrument and equipment purchases, frequency of price comparisons, funding trends, unmet needs, and product purchasing preferences.

Furthermore, the survey includes verbatim responses on how the United States’ reduction in corporate tax rates, or repatriation tax reform would impact laboratories’ spending on lab products. This survey provides companies with actionable and trending information from laboratory professionals that will help drive business strategies and develop growth expectations.

For the purpose of this analysis, respondents identifying as manufacturing, environmental testing, chemical or petrochemical, and food, beverage, or agricultural are combined as industrial laboratories. Biotechnology, pharmaceutical, and contract research organization are combined as biopharmaceutical laboratories. State government and federal government laboratories are combined as government laboratories. Hospital laboratories and clinical reference laboratories fall under the clinical segment. Respondents indicated a wide range of job titles such as researcher, scientist, investigator, director, manager, or technician.

For convenience, these respondents are generally referred to as researchers in this study; however, this term should be understood to include all respondents. In total, 82% of respondents work in the US, with Canada following in second place with 6%. Nevertheless, this study is considered global because the survey was open to respondents from all countries.

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1. Research Background, Objectives, Methodology, and Respondent Demographics

  • Research Objectives
  • Research Methodology
  • Respondent Demographics

2. Executive Summary

  • 2015-2017 Overall Lab Product Purchase Experience
  • Executive Summary-Desired Purchasing Changes
  • Potential Reduction of Government Spending and Lower Corporate Tax Impact on Purchasing Decisions

3. Laboratory Product Purchases and the Influential Factors of Selection

  • Information Sources for New Products Research
  • Total Laboratory Product Purchases
  • Laboratory Product Purchases by End User
  • Preferred Purchase Channel
  • Instrument Purchases
  • Equipment Purchases
  • Purchasing Experience for Instruments
  • Purchasing Experience for Equipment
  • Purchasing Experience for Reagents and Kits
  • Purchasing Experience for Chemicals
  • Purchasing Experience for Plasticware
  • Purchasing Experience for Glassware
  • Purchasing Experience for General Lab Supplies
  • Importance of Purchasing Factors
  • Technical Note-Understanding Perceptual Maps
  • Perceptual Map of Laboratory Products
  • Product Price Comparison Frequency for Lab Products

4. Budgets and Growth Expectations

  • Laboratory Product Budgets by End User and Product Category
  • Overall Laboratory Products Budget Change
  • Laboratory Products Budget Change by Product Segment
  • Academic Laboratory Products Budget Change by Product Segment
  • Government Laboratory Products Budget Change by Product Segment
  • Biopharmaceutical Laboratory Products Budget Change by Product Segment
  • Industrial Laboratory Products Budget Change by Product Segment
  • Clinical Laboratory Products Budget Change by Product Segment
  • Sources of Laboratory Funding

5. Top Companies

  • 2015–2017 Overall Experience with Lab Products Purchase
  • Top Companies for Instruments by Segment
  • Top Companies for Equipment by Segment
  • Top Companies for Chemicals by Segment
  • Top Companies for Reagents and Kits by Segment
  • Top Companies for Plasticware by Segment
  • Top Companies for Glassware by Segment
  • Top Companies for General Lab Supplies by Segment

6. Verbatim Responses-Academic Laboratories

  • Desired Changes to Laboratory Product Purchasing Experience-Academic Laboratories
  • Impact of Potential Reduction in Government Spending-Academic Laboratories
  • Impact of Lower Corporate Taxes or Repatriation Tax Reform in the US-Academic Laboratories

7. Verbatim Responses-Government Laboratories

  • Desired Changes to Laboratory Product Purchasing Experience-Government Laboratories
  • Impact of Potential Reduction in Government Spending-Government Laboratories
  • Impact of Lower Corporate Taxes or Repatriation Tax Reform in the US-Government Laboratories

8. Verbatim Responses-Biopharmaceutical Laboratories

  • Desired Changes to Laboratory Product Purchasing Experience-Biopharmaceutical Laboratories
  • Impact of Potential Reduction in Government Spending-Biopharmaceutical Laboratories
  • Impact of Lower Corporate Taxes or Repatriation Tax Reform in the US-Biopharmaceutical Laboratories

9. Verbatim Responses-Industrial Laboratories

  • Desired Changes to Laboratory Product Purchasing Experience-Industrial Laboratories
  • Impact of Potential Reduction in Government Spending-Industrial Laboratories
  • Impact of Lower Corporate Taxes or Repatriation Tax Reform in the US-Industrial Laboratories

10. Verbatim Responses-Clinical Laboratories

  • Desired Changes to Laboratory Product Purchasing Experience-Clinical Laboratories
  • Impact of Potential Reduction in Government Spending-Clinical Laboratories
  • Impact of Lower Corporate Taxes or Repatriation Tax Reform in the US-Clinical Laboratories

11. Conclusions

12. Appendix

  • Additional Sources of Information
  • Legal Disclaimer
  • List of Exhibits
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