Strategic Information for the Life Science and Analytical Instrument Industry
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 […]
The 2022 Cannabis Science Conference West will take place May 18–20 at the Long Beach Convention Center in Long Beach, California. According to organizers, analytical science, medical cannabis, cultivation science, hemp/CBD science and psychedelic science are the main topics of the show. Events include keynote speakers, presentations, roundtable discussions and exhibits. IBO spoke with Josh […]
IBO’s company of the year for 2021 is Thermo Fisher Scientific. During 2021, Thermo Fisher balanced the demands of recent and pending major acquisitions (see IBO 4/16/21), the unpredictable COVID-19 marketplace, the roll out of multiple new products and a commitment to the fundamentals of its business strategy. IBO selects a company of the year […]
According to IBO’s publisher Strategic Directions International (SDi), part of Science and Medicine Group, the analytical and scientific instrument industry plays a crucial role in various end-markets in Latin America. For instance, SDi states that top vendors that supply products, such as GCs and petroleum analyzes, to Latin American oil and gas companies benefit greatly; […]
