This analysis details expected purchases, budgets, buying behaviors, and purchasing preferences of major laboratory decision-makers across the academic/government, pharma/biotech, industrial, and clinical landscapes in the US and Europe. It explores the current and future use of AI, the impact of inflation, future preferences in supplier relationships, and conference attendance expectations. A relatively large 45% of labs expected to keep instruments and equipment spending flat from 2024 to 2025. Findings indicate more than a third of labs are fixing and retaining existing instruments and equipment rather than purchasing new. Clinical labs were the most optimistic on budgets heading into the new year.

• How can you capitalize on yearly budget developments and megatrends in laboratory product categories like instruments, equipment, chemicals, reagents and kits, general lab supplies, plasticware, and glassware?
  
• What steps can your company take to optimize growth potential based on buying behaviors and purchasing preferences of the industry?
  
• Which actionable analytics can help laboratory professionals drive business strategies and achieve exponential growth?