Global Laboratory Product Purchasing Trends, 2020–2021

Global Laboratory Product Purchasing Trends, 2020–2021

An End-user Perspective on Laboratory Spending Reveals Modest 2021 Budget Increases Following Healthier 2020 Spending

RELEASE DATE
26-Mar-2021
REGION
North America
Deliverable Type
Customer Research
Research Code: K5C1-01-00-00-00
SKU: HC03403-NA-CR_25330
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Description

Readers of one of Frost & Sullivan’s media partners were invited to participate in an online survey in September 2020 that centered on the state of their laboratories in 2020 and their expectations for 2021. 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 211 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/government, biopharmaceutical, industrial, and clinical.

This end-user survey polled researchers on their preferences in order to understand the laboratory product purchasing process and how that differs among the various organization types. 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, product purchasing preferences, and the impact of COVID-19 on lab shutdowns and spending. 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 including researcher, scientist, investigator, director, manager, and technician.

Author: Christi Bird Ulan

Table of Contents

Research Objectives

Research Methodology

Respondent Profile

Respondent Profile (continued)

Key Findings

Budget Changes

Laboratory Product Budget Breakdown and Trend

Laboratory Product Budget Breakdown and Trend (continued)

COVID-19 Impact on Laboratories

COVID-19 Impact on Laboratories (continued)

Growth Opportunity Areas

Annual Comparison of Lab Product Information Sources

Most Frequently sed Information ources

Lab Product Purchases

Annual Comparison of Product Purchases

Lab Product Purchases by Organization Type

Annual Comparison of Experience with Lab Product Purchases

Product Features

Product Features (continued)

Product Origin

Manufacturer Features

Ordering and Shipment Features

Comparing Market Prices

Purchase Channels

Most Frequently Used Purchase Channels

Purchasing Experience Aspects

Laboratory Product Purchase Improvement Areas

Purchasing Experience Aspect Assessment

Purchasing Experience Aspect ssessment (continued)

Purchasing Experience ssessment (continued)

Purchasing Experience Opportunity Areas

Purchasing Experience Opportunity Areas (continued)

Purchasing Experience Opportunity Areas (continued)

2020 Laboratory Product Budget

2020 Laboratory Product Budget (continued)

Laboratory Budget Breakdown and Trend

2020 Laboratory Product Budget Breakdown and 2021 Trend

Laboratory Product Funding Sources

Laboratory Product Funding Sources (continued)

Laboratory Product Funding Source Changes

COVID-19 Impact on Laboratories

COVID-19 Impact on Laboratories (continued)

Laboratory Operating Status

Laboratory Shutdown

COVID-19 Impact on Q4 Spending

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Readers of one of Frost & Sullivan’s media partners were invited to participate in an online survey in September 2020 that centered on the state of their laboratories in 2020 and their expectations for 2021. 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 211 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/government, biopharmaceutical, industrial, and clinical. This end-user survey polled researchers on their preferences in order to understand the laboratory product purchasing process and how that differs among the various organization types. 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, product purchasing preferences, and the impact of COVID-19 on lab shutdowns and spending. 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 including researcher, scientist, investigator, director, manager, and technician. Author: Christi Bird Ulan
More Information
Deliverable Type Customer Research
No Index No
Podcast No
Predecessor 9AB9-C1
Author Christi Bird
Industries Healthcare
WIP Number K5C1-01-00-00-00
Is Prebook No
GPS Codes 9600-B1,9562-B1,9573-B1,99C6-B1,9627-B1