IBO includes the following technologies in its lab-equipment section: lab centrifuges, water-purification equipment, transfection techniques, extraction techniques, gas generators, concentrators and evaporators, incubators, fume hoods, biological safety cabinets, microwave-assisted chemistry, fermentors and bioreactors, lab washers, and shakers and stirrers. The total market for lab equipment grew 3.5% to more than $4.2 billion in 2014 and […]
Electrochemistry systems, lab balances, radioactivity-analysis systems, dissolution-testing equipment, and continuous-flow (CF) and discrete analyzers make up the market referred to as general analytical techniques (GAT). The markets for each of these lab techniques share several characteristics: routine usage, mid-to-low price ranges and a large share of replacement sales. Many diverse vendors participate in this market, […]
Merck KGaA and Sigma-Aldrich Consolidation continued in the lab-products market, as less than a year after Thermo Fisher Scientific’s purchase of Life Technologies (see IBO 2/15/14), Merck KGaA announced a $17 billion deal to buy Sigma-Aldrich (see IBO 9/30/14). The deal highlights the importance of scale and diversification and transforms Merck/EMD Millipore into a major […]
A More Focused Approach As economic headwinds in China, industrial and selected government markets continued in 2014, several analytical-instrument and lab-product companies took steps to focus on a narrower set of businesses and product lines, in some cases, divesting assets and, in other cases, consolidating their positions. Among the year’s most prominent product-line exits were […]
Incubators are designed to maintain isolated space under specific environmental conditions for the growth of biological specimens. These instruments have a range of complexity, offering differing levels of control over a microenvironment. Carbon dioxide incubators are typically used in cell-culture applications where an environment that simulates physiological conditions is highly desirable. Studies have shown that […]
Company Announcements Hamilton Scientific acquired the assets of Dancker, Sellew and Douglas, a long-standing dealer partner, in August. In August, VWR rescinded the purchase agreement for LABRep (see IBO 6/15/14) after identifying inappropriate business practices and received a full refund of the purchase price, according to an SEC filing. In September, Esco set up a […]
London, UK 10/7/14—Diploma, a publicly held supplier of specialized products and services, has acquired 80% of Technopath. Based in Ireland with 40 employees, Technopath supplies biotechnology, clinical-laboratory and medical products in Ireland and the UK. For the year ending August 31, it had sales of £12 million ($19 million = £0.62 = $1). Diploma Chief […]
For the second quarter, revenues for IBO’s Lab Equipment/Consumables Index grew 4.1%, 4.0% excluding currency, to $4,278 million. Operating profit for the Index rose 7.6% to $794 million. Based on continuing operations, operating margin gained 50 basis points to 16.5% of sales. Second quarter sales benefited from delayed orders in the first quarter due to […]
The optimism that instrument and lab-product makers showed in the spring for the industry’s outlook has dimmed but is still bright. In the latest IBO Business Climate Survey, 60% of respondents expect business prospects for the next six months to increase moderately, compared with 73% in the spring Survey (see IBO 5/15/14). However, this percentage […]
Company Announcements For the fiscal first quarter ending June 30, Hitachi High-Technologies Science and Medical Systems (SMS) sales climbed 33% to ¥38.8 billion ($380.1 million = ¥102.09 = $1) to account for 25% of company revenues (see IBO 7/31/14). Medical product sales jumped 53%, and sales of Biotechnology and Other products grew 16% to account […]
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IBO (Instrument Business Outlook) is a twice-monthly newsletter aimed at providing decision-makers with the latest and most complete information available on the life science and analytical instrument industry, and lab product markets. IBO delivers the latest curated industry news, information and trends, as well as SDi data and analysis to deliver the maximum in industry insight with a minimum time investment for executives and investors.
