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2005 Fall Purchasing ReportPublished by: Biocompare Published: Nov. 9, 2005 - 42 Pages Table of Contents
a. Institution Type and 2006 Budget Forecast b. Institution Type and Forecasted 2006 Lab Equipment Budget c. Top Five Planned Equipment Purchases and Budget Category d. Top Five Planned Equipment Purchases and Institution Type AbstractWhile the National Institutes of Health has requested a $28.74 billion budget for fiscal year 2006, this slight 0.5% increase over the 2005 budget represents a fraction of the expected inflation level of 3.2% for biomedical research and development (R&D). Pharmaceutical and biotechnology companies appear to have increased R&D spending at a rate of about 12-15% over the past 2 years, fueled in large part by a growth in the vast amount of data emerging from genomics and proteomics applications in the search for new drug targets. Other research areas that are seeing specific increases in funding attention are biodefense and stem cell research. These areas, while political hotbeds, are magnets for some of the most progressive and cutting-edge scientific minds today. In addition, resources have increased as well for bioinformatics, based again on the immense quantities of data generated. Most purchases in this area are predicted to include software and database and data mining applications.The 2005 Fall Purchasing Report is composed of a life science purchasing market overview and the 2005 Fall Purchasing Survey as well as the survey results which are comprised of researcher budgetary information, their purchasing plans for products, the general technology areas in which these purchases are likely to occur, as well as where product information is obtained for informed decision making. The survey was completed by over 1,100 scientific researchers. The report also includes a comprehensive discussion of the survey results, and conclusions and recommendations drawn from both market analysis and the survey data. With this information, suppliers will be better able to focus their marketing and advertising campaigns in specific technological areas, as well as direct customer attention to their specific product material. A more thorough understanding of researcher budgets and discretionary spending will permit companies to plan realistic goals for their own sales forecasts and growth in product market share. Survey Methodology The 2005 Fall Purchasing Survey consisted of 24 questions. Of these, 1 was open-ended and 9 of the closed-ended questions included “other” as an answer choice, providing an opportunity for survey participants to specify and elaborate their answers. Demographic information was gathered from 5 additional questions and from addresses submitted by survey responders. The survey was administered on-line from October 17th-21st, 2005. Get Full Details About This Report >> |
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