Strategic Information for the Life Science and Analytical Instrument Industry
R&D spending is rising on a global basis. In 2016, estimated spending for the 34 countries that make up the OCED grew 2.3% to $1,266 billion at current prices and purchase price parity (PPP). At well above this growth rate, Hungary made tremendous gains in R&D spending in 2017, according to figures released last month […]
Universities are an important source of health sciences and biological sciences R&D spending, two fields which make up the majority of life science R&D spending in the US. In fiscal 2017, university spending in both fields totaled $37.7 billion, a 6.4% increase, to make up 64% of all university science R&D spending. Within each field, […]
How do scientists feel about their laboratory product suppliers? As BioInformatics Inc.’s 2018 Life Science Industry Awards® (LSIAs) confirm, scientists recognize the dedication and hard work of their suppliers in making science happen. BioInformatics Inc. is a research and advisory firm serving the life science industry and part of the Science and Medicine Group, which […]
For our latest issue, IBO spoke with representatives from leading analytical instrument and lab product trade organizations from around the globe. From Brexit to the diagnostics sector, IBO covered many topics while gleaning the perspectives, concerns and trends touted by experts and leaders in the lab instrument industry. While the outlook for the coming year […]
Materials make up a significant sample set for analytical testing. For example, R&D is key to improving structural characteristics of construction materials and creating environmentally friendly sources of energy. QA/QC testing assures the integrity and proper processing of materials such as natural gas and cereals. The OECD this week released a report on the future […]
In February 2012, the European Commission (EC) launched Europe’s Bioeconomy Strategy, which focuses on how renewable biological resources can be converted into products and bioenergy. According to the EC, the bioeconomy refers to “those parts of the economy that use renewable biological resources from land and sea—such as crops, forests, fish, animals and micro-organisms—to produce […]
In September, Strategic Directions International, IBO’s publisher, released the report, “Testing Before Tasting: Analytical Instrumentation for Food Applications.” The publication details analytical instrument demand, including market size and growth rates, for 12 categories of laboratory instruments, such as mass spectrometers and liquid chromatographs. In preparing the report, a survey of 135 food laboratories was conducted […]
Life science research and diagnostic tools firm Bio-Techne updated its latest progress and business plan at its investors’ day presentation earlier this month. The company has grown rapidly following the transition to new leadership in 2013. Among its most well-known product lines are proteins, antibodies, automated Western blotting instrumentation and hematology controls. For the fiscal […]
Over the past couple years, microscopy companies have been opening centers around the world to advance life science research. With the advent of applications such as precision medicine and immuno-oncology, this trend points towards rise in applications requiring researchers to examine microscopic targets on a much smaller scale. Technology advancements for fields such as neuroscience, […]
Despite Pfizer’s announcement in January to end its research for treatment of dementia, investments made this year in dementia R&D, particularly Alzheimer’s, a form of dementia, highlight the call for new investments for research to investigate and treat the syndrome. An estimated 50 million individuals suffer from dementia worldwide, according to the World Health Organization. The […]
