Research and Markets: The Market Outlook for Research Products in FY2010 - Understand Current Sources of Funding with a Special Focus on Arra Funds

DUBLIN--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/research/18fc10/the_market_outlook) has
announced the addition of the "The Market Outlook for Research Products in
FY2010" report to their offering.

Money is starting to flow. The 8.2 billion dollars appropriated to the NIH
Scientific Research program by the American Recovery and Reinvestment Act is
being earmarked for lab renovations, Challenge Grants, the Shared
Instrumentation Program and research that spans multiple public and non-profit
institutions all of which will have an immediate and long-term impact on the
life science tools industry. Unlike the tumultuous first quarter of 2009, the
current climate bodes well for the life science industry, and suppliers can
strategize with increased confidence as we move into a more clearly defined and
better funded 2010.

Across the board, suppliers are sensing that lab purchasing agents have a better
understanding of sources of funding and how monies will be spent than they did a
year ago. In our upcoming report, The Market Outlook for Research Products in
FY2010, we asked nearly 800 scientists detailed questions about their FY2010
budgets, planned expenditures and sources of funding. Applicable to both product
development and marketing, this report short-circuits the decision-making
process by providing financial data that supports a strategy predicated on what
scientists plan to buy. Furthermore, excerpts from this study can inform
reporting to management teams, boards of directors, analysts and investors.

The Market Outlook for Research Products in FY2010 compares and contrasts FY2009
(actual) and FY2010 (projected) budgets in total, and by product category with a
special focus on market segment and regional differences. In this report,
European and U.S. scientists are asked about planned purchases of both
consumables and instrumentation, and from what sources they expect to receive
funding, with an emphasis on the ARRA. Significantly, scientists also indicate
from which supplier they plan to purchase in each category and why. Early
results indicate that there are clear winners in some of the product categories.

A special section is devoted to the shift that was identified in our early 2009
budget report an increase in outsourcing to CRO's. We asked labs what services
have been outsourced in the past two years, what services will be contracted
over the next two years, and how much influence labs have over a contractor's
choice of supplier, instruments and consumables when performing work for the
lab. We also gathered their thoughts as to when they believe the recession will
end for life scientists in the U.S. and in Europe, and how they feel about
what's in store for 2011. In this report, scientists weigh in on ways they are
cutting costs in the labs, and whether they feel these changes will be
permanent, or just temporary measures to weather the economic storm. Plus, in a
spirit of collaboration, suppliers have extended promotions and incentives to
labs; find out in this report which ones are working.

Comprised of responses from scientists with varying degrees of influence and
purchasing authority in the lab, The Market Outlook for Research Products in
FY2010 was designed to help you understand how labs are going to allocate their
budgets over the next fiscal year, how they are responding to the economic
recession and where they believe their organizations are headed in FY2011.

This report will help you to:

1. Understand current sources of funding with a special focus on ARRA funds.

2. Correlate scientists' projected budget for 2010 with anticipated purchases in
instrumentation and consumables examining trends across 14 product categories
with a focus on the vendors selected, the amount spent with each vendor and the
reasoning for the purchasing decision.

3. Identify practices scientists engaged in to conserve expenses and which
promotions were the most helpful, enabling suppliers to create highly targeted
marketing programs and promotions.

Key Topics Covered:

Section 1. Key Findings and Implications

* Introduction
* Analysis of Laboratory Budgets and Projected Spending
* Overview of Funding Sources and Status of Stimulus Grants
* Experiences with Contract Research Organizations (CROs)
* Laboratory Budget Realities in Today's Economy
* Predictions for the Future of Research Funding

Section 2. Methodology & Demographics

* Objectives
* Questionnaire design
* Survey population

Section 3. Presentation of the Survey Data

* Overview of a Laboratory's Budget
* Funding Sources
* Life Science Suppliers
* Experience with Contract Research Organizations (CROs)
* Laboratory Budget Realities in Today's Economy
* Predictions for the Future of Research Funding
* Additional Analysis by

Section 4. Appendices

For more information visit
http://www.researchandmarkets.com/research/18fc10/the_market_outlook

Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

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