Description
Based on findings from a detailed study of over 300 academic research professionals across North America, Europe, and Asia-Pacific, this report offers actionable insights into how academic research labs allocate budgets, prioritize purchases, and adapt to funding challenges. Designed to empower life science professionals, this report provides a comprehensive breakdown of the evolving funding landscape and its impact on purchasing behavior.
What this report covers:
- A detailed analysis of budget allocation, including consumables, instrumentation, and overhead, segmented by region.
- Insights into key funding sources, from government grants to private partnerships, and their role in supporting lab operations.
- Forecasted purchasing patterns through FY2025, offering a forward-looking perspective on lab spending.
- Strategies Academic labs employ to navigate funding uncertainty and secure resources.
Study objectives:
The research behind this report was designed to:
- Understand the current and projected levels of funding from public and private sources supporting life science research and drug discovery in the U.S., Europe and Asia.
- Obtain estimates for average lab budgets in FY2023-2025 to understand relative spend across broad categories; segment by region to provide directional information about expected changes.
- Estimate scientists’ budget for purchases and anticipated purchases in instrumentation and consumables, examining trends across key product categories.
- Assess how optimistic scientists are regarding funding and the future of life science research.
Methodology:
This report is based on a structured online quantitative survey designed and conducted by BioInfo, part of Science and Medicine Group. The survey included 31 carefully crafted questions and gathered responses from over 300 qualified participants highly knowledgeable about their lab budgets and operations. Key focus areas include demographic data, budget breakdowns, funding sources, and spending priorities.
Table of contents:
- Study Overview
- Executive Summary
- Demographics
- Laboratory Research Expenditures
- Techniques and Tools
- Funding Sources and Trends
- Methodology
- About BioInformatics
Why this report is invaluable:
Whether you’re planning product launches, refining go-to-market strategies, or identifying growth opportunities, this report provides the comprehensive data and insights necessary to align with academic research labs’ purchasing priorities and funding dynamics.
Explore a sneak peek:
Gain early insights with our free, 30-minute live learning session, available on-demand. Watch as Dr. Danyi Wu, PhD, explores:
- Key factors driving lab spending and allocation for FY2025.
- Latest funding trends shaping lab budgets.
- Insights into average research spend across North America, Europe, and Asia.
- Challenges academic labs face in navigating funding uncertainty.
- A preview of findings from the report, “Life Science Global Funding and Research Budgets in Academia.”
Click here to watch the recording on-demand
Click here to download the presentation slides
