Global Laboratory Products Purchasing Trends, 2017–2018
Global Laboratory Products Purchasing Trends, 2017–2018
An End User Perspective on Laboratory Spending Reveals Optimism for Growing 2018 Budgets
15-Feb-2018
Global
Description
Readers of one of Frost & Sullivan’s 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.
Table of Contents
Research Objectives
Research Methodology
Research Methodology (continued)
Respondent Demographics
Respondent Demographics (continued)
Respondent Demographics (continued)
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
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
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
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
Desired Changes to Laboratory Product Purchasing Experience—Academic Laboratories
Desired Changes to Laboratory Product Purchasing Experience—Academic Laboratories (continued)
Impact of Potential Reduction in Government Spending—Academic Laboratories
Impact of Lower Corporate Taxes or Repatriation Tax Reform in the US—Academic 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
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
Desired Changes to Laboratory Product Purchasing Experience—Industrial Laboratories
Desired Changes to Laboratory Product Purchasing Experience—Industrial Laboratories (continued)
Impact of Potential Reduction in Government Spending—Industrial Laboratories
Impact of Lower Corporate Taxes or Repatriation Tax Reform in the US—Industrial 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
Conclusions
Additional Sources of Information
Legal Disclaimer
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
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Author | Christi Bird |
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