Despite indications that the global economy is continuing to slow, the outlook for sales growth within the instrument and lab product industry is positive. In late October, 15 industry executives completed the online IBO Business Climate Survey. The respondents were IBO subscribers and other solicited participants, each representing a unique company or business unit. The […]
For the third straight year, Canada’s gross domestic expenditure on R&D (GERD) in 2015 is expected to decline, falling 0.7% to CAD 31.6 billion ($23.8 billion). This drop is predicted for spending in all performing sectors except higher education and the federal government, which are anticipated to experience 1.0% and 4.0% increases to CAD 13.0 […]
The US Bureau of Economic Analysis (BEA) released this month the latest figures for US companies’ R&D domestic spending and R&D spending by foreign-owned affiliates. The report shows dramatic shifts in annual R&D spending by both segments in recent years among industries that are major purchasers of analytical instruments. The data provide quantitative information on […]
With the first half of the year behind us, let us reflect on the state of the analytical and life science instrumentation and lab products market, how it has developed thus far and what is in store for the rest of 2015. The original January forecast (see IBO 1/15/15) was published without the benefit of […]
In the US, Europe, Australia and Canada, 2014 biotech sales totaled $123.1 billion, rising 24.3%, with each country or region accounting for 76%, 19%, 5% and 0.2% of sales, respectively. Sales of Gilead Science’s hepatitis C drugs accounted for a sizable portion of revenues in 2014; adjusting for Gilead, growth for the industry was 12%. […]
Expectations for industry growth showed little change compared to last fall (see IBO 10/15/14), according to IBO’s biannual Business Climate Survey. However, compared to a year ago, sentiments were more restrained. This spring, 57% of survey participants expect instrument and laboratory product–industry sales to increase moderately. Forty-three percent expect them to stay the same. However, […]
This month, Canada released its Economic Action Plan 2015. Starting in 2017, the Canada Foundation for Innovation will receive CAD 1.33 billion ($1.09 billion) over six years for research infrastructure at hospitals and universities. Over six years, federal labs and research facilities will get CAD 380 million for repairs and upgrades. Beginning in 2016, the […]
At Pittcon, IBO took the opportunity to talk to executives at four of the analytical-instrument and laboratory-product industry’s largest companies, PerkinElmer, Shimadzu Scientific Instruments (SSI) (the US-based division of Japan’s Shimadzu), Thermo Fisher Scientific and Waters, to discuss challenges and opportunities for both their businesses and the instrument industry in general. Asked about challenges this […]
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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.
