Strategic Information for the Life Science and Analytical Instrument Industry
Infertility affects around one in six adults worldwide, according to the WHO. Determining the health of embryos prior to implementation is key to addressing infertility. Testing has become even more significant due to the aging population of pregnant women and medical tourism. Next generation sequencing (NGS) has been widely adopted for pre-implantation genetic testing labs. […]
Despite a year of uneven sales growth, a falling stock market and inflationary pressures, the laboratory tool industry maintained its track record of increasing R&D spending in 2022, as measured by the performance of its largest held public companies. Worth more than $80 billion, according to Strategy Directions International (SDi), the laboratory tool industry excludes […]
Analytical testing is an essential part of food development and production. Key applications include quality control and safety. Testing covers all steps in the food production process from testing for physical, chemical and microbiological characteristics in raw materials and ingredients through final products. As such, testing is done in labs, in the field and during […]
The Association of Biomolecular Resource Facilities (ABRF) will hold its Annual Meeting May 7–10, 2023 in Boston, Massachusetts. ABRF is a membership organization that brings together Core facilities across the US and supports more than 2,400 members at over 400 institutions including organizations in government, academia, research, industry and commercial settings. Over 50% of members […]
Digitalization has become an aim of many scientific labs. One way to do so is by transforming written information or even information retained in one’s memory into a digital format. Although scientific data produced by instrumentation or informatics analysis is usually automatically digitally recorded, how an experiment is planned and optimized is one of many […]
Molecular Devices, a life science tools company, has long been associated with its plate reader, imaging technology and software. Now, the company is making significant investments in organoid technologies, which it views as the future of drug discovery and development. These investments include the acquisition of organoid provider Cellesce, a developer and manufacturer of patient-derived […]
Danaher made major announcements at its September 15, 2022 investor day. A $29.5 billion company, Danaher spans three business segments: Life Sciences, Diagnostics, and Environmental & Applied Solutions. The segments encompass over 20 operating companies consisting of well-established brands and are known for a robust M&A track record. The first major announcement was that Danaher […]
Instrument Business Outlook (IBO) today announced the winners of the annual IBO Industrial Design Awards for excellence in the industrial design of analytical instruments. The winners of the 2022 Awards exemplify the importance of industrial design to an instrument’s functionality, end-user experience and approachability. The winners are: Gold Award: MGI Tech’s DNBelab C4 Single-cell […]
Although the shutdown of labs worldwide due to COVID-19 slowed laboratory tool sales in 2020 and 2021, the industry appears to be back on track. The analytical instrument and lab products market is set for mid-single digit growth from 2021 to 2026, only slightly slower than the previous five-year period, according to the “SDi Global […]
Top 5 Compensation Packages for FY21 for Laboratory Tool Company CEOs The median amount of the top five compensation packages for CEOs of laboratory tool companies was $16 million last fiscal year. Although executive compensation is based a variety of factors, revenues grew double digits for all five CEOs’ companies last fiscal year, boosted by […]
