Life Science Tech Trends SupplementBack to Survey IndexWhat is your outlook for the future?What is your company's commitment to investment in research?Expectations for Growth
Most researchers are optimistic about growth issues for the next 24 months.
- Revenues: Almost three-quarters (70%) have positive expectations for their organization’s growth in sales revenue.
- Funding: Almost half (47%) anticipate increases in funding for research (36% expect funding to remain the same; only 17% expect declines).
- Expenditures: Almost half (48%) anticipate increases in expenditures on research-related biochemicals, instruments, and equipment (41% expect spending to remain the same; 11% expect declines).
|
% Respondents
|
|
Very Positive
(Significant Growth)
|
Positive (Growth)
|
No Real Change
(No Growth)
|
Negative (Decline)
|
Very Negative (Significant Decline)
|
Business/economic conditions for your industry or type of organization
|
7.8
|
52.7
|
22.3
|
15.5
|
1.8
|
Sales revenues for your organization
|
15.4
|
54.9
|
19.4
|
10.3
|
0.0
|
Profitability/margins for your organization
|
11.0
|
53.3
|
24.2
|
11.5
|
0.0
|
Government funding for research
|
6.5
|
26.3
|
37.9
|
23.7
|
5.6
|
Funding for research in your organization
|
5.8
|
40.7
|
36.0
|
14.5
|
2.9
|
Collaborations between business and academia
|
11.3
|
51.7
|
32.8
|
3.4
|
0.8
|
Your organization’s spending on new research-related biochemicals, instruments and equipment
|
6.2
|
41.3
|
41.3
|
9.0
|
2.1
|
Hiring of additional research management and/or staff in your organization
|
5.5
|
35.9
|
44.5
|
10.3
|
3.8
|
Automation of your organization’s research process
|
5.2
|
40.3
|
48.5
|
4.9
|
1.1
|
The liberty to use outsourced or contracted research/manufacturing facilities
|
5.2
|
36.6
|
47.4
|
9.1
|
1.7
|
Ratings of Respondents’ Organizations
on Subjective Factors
While a majority of respondents rate their organizations positively on their willingness to invest in new biochemicals, instruments, and systems, more than one in four believe improvement is required.
| |
% Respondents
|
|
|
Excellent
(No Real Improvement Required)
|
Good
(Some Improvement Required)
|
Fair
(Significant Improvement Required)
|
Poor (Very Significant Improvement Required)
|
Commitment to conducting research to help meet the organization’s mission.
|
28.9
|
50.5
|
17.5
|
3.2
|
Encouragement to investigate new technologies/methods for achieving success.
|
22.5
|
53.1
|
20.6
|
3.9
|
Willingness to invest in instruments & systems to enhance research capabilities and outcomes.
|
18.6
|
52.9
|
19.9
|
8.7
|
Being among the leaders in adopting new equipment/systems relatively soon after they’re introduced.
|
15.4
|
40.1
|
31.7
|
12.8
|
Willingness to invest in training.
|
17.6
|
43.3
|
31.1
|
8.0
|
About This Survey
This survey was prepared and conducted by Martin Akel & Associates, Chester, N.J. for the Advantage Business Media Science Group’s publications, Bioscience Technology and Drug Discovery & Development magazines. The survey was sent to a random sample of readers in November, 2007.
