The primary aim of this study is to establish the size of laboratory budgets for the purchasing of products in 7 categories and the baselines for developing trends (2013 to 2014). Additionally, this research investigates the factors that drive selection of laboratory products and how these products are associated with factors driving selection. Overall, laboratory budgets are expected to grow in 2014 with the largest increases budgeted toward chemicals and life science reagents/kits. Patient care, biopharmaceutical, and industrial laboratory facilities have the largest budgets and are mostly self–funded. Product quality and brand reputation are attributes that are driving laboratory product selection.
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