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Laboratory Decision Makers Cautiously Optimistic about Funding Conditions, Finds Frost & Sullivan
Date:8/1/2012

m 2010 to 2011 were in furniture, construction and hiring, and budgets for infrastructure and staff are expected to face similar drops in 2012. The ARRA funding was channeled toward the development of multiple new laboratories; therefore, further investments in construction and infrastructure in 2012 will be unlikely. Even research budgets did not change substantially from 2010 to 2011.

The most significant mean budget hikes were in the areas of commodities, supplies and consumables, while the steepest mean budget reduction was for additional and replacement staff.

"Although 2008 to 2011 were unstable for the laboratory industry, some may argue the survivors emerged leaner and more committed to progressing R&D," said Olszewska. "Moreover, the economic turmoil served as a learning experience on staying afloat when faced with limited funding.  Given current expectations from 2012, laboratories can certainly put that education to good use."

Investment Confidence Among Laboratory Decision Makers is part of the Life Sciences Growth Partnership Services program, which also includes research in the following markets: Global Laboratory Product Purchasing Trends; Analysis of the U.S. Clinical Laboratory Market; World Process Analytical Instrumentation Markets; Vital Signs – Laboratory Research Tools Market: The Roller Coaster Ride is Over; and Vital Signs – Used Laboratory Equipment: Bringing Hand-Me-Downs to Science. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

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