Navigation Links
BioInformatics, LLC New Report - The Market Outlook for Research Products in FY2010
Date:12/1/2009

ARLINGTON, Va., Dec. 1 /PRNewswire/ -- BioInformatics, LLC announces the release of its newest report, The Market Outlook for Research Products in FY2010. The 8.2 billion dollars appropriated to the NIH Scientific Research program by the American Recovery and Reinvestment Act (ARRA) is being earmarked for lab renovations, Challenge Grants, the Shared Instrumentation Program and research that spans multiple public and non-profit institutions, all of which will have an immediate and long-term impact on the life science tools industry. Comprised of responses from scientists with varying degrees of influence and purchasing authority in the lab, The Market Outlook for Research Products in FY2010 was designed to help provide insight as to how labs are going to allocate their budgets over the next fiscal year, how they are responding to the economic recession and where they believe their organizations are headed in FY2011.

Researchers predict that their FY2010 budgets will, on average, be 4.5% higher than their budgets for FY2009. On the whole, academic respondents foresee slightly larger budget increases (5.5%), while industrial respondents expect somewhat smaller budget increases.

The Market Outlook for Research Products in FY2010, includes detailed responses from nearly 800 scientists about their FY2010 budgets, planned expenditures and sources of funding. This study compares and contrasts FY2009 (actual) and FY2010 (projected) budgets in total, and by product category with a special focus on market segment and regional differences. European and U.S. scientists are asked about planned purchases of both consumables and instrumentation, and from what sources they expect to receive funding, with an emphasis on the ARRA. 61% of the survey respondents said that either they or someone in their lab applied for a recovery act grant.

In this report, scientists also indicate planned instrument and consumable purchases by vendor. The following suppliers were provided as some of the choices in the survey:

Abcam (LSE: ABC.L)

Abgene (Thermo Fisher Scientific ( TMO))

Affymetrix (NasdaqGS: AFFX)

Agilent Technologies

BD Biosciences ( BDX)

Bio-Rad ( BIO)

Beckman Coulter ( BEC)

BioSource (Life Technologies (NasdaqGS: LIFE))

Calbiochem

Millipore ( MIL)

GE Healthcare (Amersham) ( GE)

Invitrogen

Leica Microsystems

PerkinElmer ( PKI)

Qiagen (NasdaqGS: QGEN)

Roche Applied Science

Sigma-Aldrich ( SIAL)

Waters Corporation

"While the overall projections for growth in researchers' FY2010 research budgets are generally positive, differences by geographic region and market segment with respect to funding sources and budget realities will impact not only the spending practices of various labs, but also their receptivity to life science suppliers and their marketing and advertising campaigns," states Tamara Zemlo, Ph.D., MPH, Vice President of Advisory Services. Dr. Zemlo further notes that "Suppliers that are sensitive to a researcher's perceptions of the economy and how it is affecting their science are more likely to maintain good customer relations if they offer promotions that specifically address their customers' concerns."

To learn more about this report, a complimentary Executive Summary is available at http://www.gene2drug.com/reports/205/.

ABOUT BIOINFORMATICS, LLC

BioInformatics, LLC is the premier research and advisory firm serving the life science industry. By leveraging our professional social network of more than 45,000 biomedical researchers, we have supported more than 300 companies and provided insights that lead to better business decisions. Our assignments include assessing the size and attractiveness of markets, optimizing product configurations and pricing, validating corporate acquisitions, measuring customer loyalty, and evaluating brand strength and positioning.



For more information contact:
Mary Follin
Manager, Marketing/Sales
BioInformatics, LLC
2111 Wilson Blvd., Suite 250
Arlington, VA  22201
703.778.3080 x13 (phone)
m.follin@gene2drug.com
http://www.gene2drug.com/


SOURCE BioInformatics, LLC


'/>"/>
SOURCE BioInformatics, LLC
Copyright©2009 PR Newswire.
All rights reserved

Related medicine technology :

1. BioInformatics, LLC New Report - Capitalizing on New Opportunities for Stem Cell Products, Now Available
2. ADVENTRX Pharmaceuticals Reports Additional Pre-Clinical Data for ANX-514
3. Reportlinker Adds Operating Tables - A World Market Review
4. Reportlinker Adds Cardiac Defibrillators - A Worldwide Market Intelligence Report
5. Reportlinker Adds Europe Ophthalmic Devices Investment Opportunities, Analysis and Forecasts to 2015
6. Reportlinker Adds Outsourcing Opportunities in the Medical Device (2009 - 2014)
7. Reportlinker Adds Surgical Incision Closures - Global Trends
8. Reportlinker Adds Decubitus Ulcer Treatment Products - A Worldwide Market Review
9. Reportlinker Adds Diabetes Diagnostics - A Global Market Perspective
10. Reportlinker Adds Inflammatory Disorders: Therapies That Suppress or Balance the Immune Response
11. Pharmasset Reports Fiscal Year End 2009 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/24/2016)...   , Study met ... bowel cleansing and superiority in , ... of the ascending colon   ... Norgine B.V. today announced new positive data from the phase ... preparation) versus standard 2 litre PEG with ascorbate. The study met ...
(Date:5/24/2016)... May 24, 2016  NxStage Medical, Inc. (Nasdaq: ... on advancing renal care, today announced that Jeffrey ... in the following schedule of investor conferences. Where applicable, ... at http://ir.nxstage.com/ .   ... Conference NY, NY           Friday, June 10, 2016 1:30 ...
(Date:5/24/2016)... HONG KONG , May 24, 2016 ... , the world , s ... and AV fistula intervention   OrbusNeich, a ... solutions, has expanded its portfolio to include products to ... balloons are the company,s first entry devices for lower ...
Breaking Medicine Technology:
(Date:5/27/2016)... ... 27, 2016 , ... More than a third of American adults are considered ... surgery has received increased attention in recent years, as an article published ... weight loss, most people are familiar with the basic requirements of maintaining a healthy ...
(Date:5/27/2016)... York, NY (PRWEB) , ... May 27, 2016 , ... ... campaign returns for a third time to shed lights on the variety of topics ... and inspirational stories, “Nurse Appreciation” tackles why this career has gone from being in ...
(Date:5/27/2016)... ... May 27, 2016 , ... In ... the many who are unaware of the plight of aphasia. In collaboration with ... the “Stroke Awareness” campaign. , The link between stroke and aphasia is relatively ...
(Date:5/27/2016)... (PRWEB) , ... May 27, 2016 , ... ... in scholarships to students studying complementary medicine. Allison Outerbridge is this year’s ... her award on May 18 at the university’s Student Leadership Awards ceremony. , ...
(Date:5/26/2016)... , ... May 26, 2016 , ... W.S. Badger ... has been honored with a 2016 When Work Works Award for its use of ... of the national When Work Works project administered by the Families and Work Institute ...
Breaking Medicine News(10 mins):