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Lab Instrument Rental Trends 2012

Abstract

HTStec's Lab Instruments Rental Trends 2012 report was published on 3 October 2012. This 53 page market report summarizes the results of HTStec's industry-wide global web-based benchmarking survey on lab instrument rental carried out in September 2012. Many labs are experiencing serious budgetary constraints in purchasing new lab instruments today. But owning laboratory instrumentation and the outright purchase model still remains the norm in life science research in academia, pharma and biotech today. This may all change, as organisations increasingly realize that owning expensive assets that depreciate rapidly and are costly to service may not make best business sense. Discussion and debate around alternative acquisition strategies involving instrument rental/lease has started to occur as a few vendors begin to offer/consider instrument rental. The aim of this global benchmarking study was to track to emergence of this life science trend. The objective was to understand the appetite for change and willingness to engage in investigating lab instrument rental/lease as a viable alternative to the outright purchase model. The results of this survey are intended to be used by instrument vendors/suppliers considering if they should make more instruments available for rental/lease. The report is based on 105 responses mainly from University, Pharma and Biotech research labs in North America and Europe.

Table of Contents

  • Executive Summary
  • Table of Contents
  • Survey Methodology
  • Respondent's Main Group Activity and Response to Survey
  • Respondent's Geographic Origin
  • Respondent's Company or Organisational Origin
  • Respondent's Job Role
  • Best Describes Respondent's Use of Instruments
  • Budgetary Constraints on Purchasing New Lab Instruments
  • Main Reasons Budgetary Constraints on Purchasing New Lab Instruments
  • as Money Available to Purchase New Capital Equipment Changed
  • Has Money Available to Purchase Consumables Changed
  • What Impacts Ability to Purchase New Lab Instruments Today (1)
  • What Impacts Ability to Purchase New Lab Instruments Today (2)
  • Procedures Used to Evaluate New Instruments Prior to Purchase
  • Summary of Survey Findings (1)
  • Provision Made at Time of Purchase for Future Service/Maintenance Costs
  • New Instrument Trial Periods
  • Difficulties Encountered During a Trial/Evaluation Period
  • Inability to Purchase a New Instrument Due to Internal Procedures
  • Previous Experience of Renting or Leasing Laboratory Instruments
  • Feedback on Previous Renting or Leasing Laboratory Instruments
  • Openness to Consider Alternative Purchasing Scenarios
  • Interest in Alternative Purchasing Strategies for Lab Instruments (1)
  • Interest in Alternative Purchasing Strategies for Lab Instruments (2)
  • Main Motivators to Consider Lab Instrument Rental Today
  • Approval Needed Internally to Sign a Lab Instrument Rental Agreement
  • Categories of Lab Instruments Respondents Most Interested in Renting
  • Monthly $ Limit for Renting a Single Instrument
  • Annual Budget for Instrument Rental/Lease Agreements
  • Estimated Potential Market for Instrument Rental/Lease
  • Segmentation of Potential Market for Instrument Rental/Lease
  • Preferred Way to Pay a Monthly Rental/Lease Agreement
  • Summary of Survey Findings (2)
  • Advantage of Features of Outright Instrument Purchase Model
  • Advantages of Features of Instrument Rental/Lease Model
  • Comparison of Instrument Outright Purchase Versus Rental/Lease Model
  • Preferred Provision of Laboratory Instrument Rental and Support
  • Importance of Technical Su
  • Issues in a Lab Instrument Rental Situation (1)
  • Importance of Technical Su
  • Issues in a Lab Instrument Rental Situation (2)
  • Likelihood Will Rent/Lease a Lab Instrument Over the Next 3 Years
  • Outright Purchase Price Respondents Would Pay Annually to Rent
  • Awareness of the Instrument Business Norm in Diagnostics
  • Why Respondents Think Instrument Vendors to the Academic, Pharma & Biotech Community Have Rarely Adopted or Promoted Rental in the Past?
  • Interest in a Wider Offering of Instruments Available for Rent/Lease
  • Awareness of Companies Offering Monthly Rental of Instruments
  • Summary of Survey Findings (3)
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