Research Tools and Diagnostics: Outlook and Industry Trends in 2024 1 EXECUTIVE INSIGHTS For the research tools and diagnostics industry, 2023 was a challenging year given the confluence of factors that impacted business performance such as macroeconomic headwinds, continued softness in biopharma funding and the resulting shift in spend patterns for key customers. While many industry players are forecasting limited market growth for 2024,1 the mix of "green shoots" (e.g., stabilizing the biopharma funding e ...