It’s not just new labs on a shoestring budget that benefit from the refurbished lab equipment. Established Labs can also feel the financial pinch. Labs often need to choose which equipment will have to stretch for another year and what must be replaced, sometimes that can put the productivity at risk. Saving money with refurbished lab equipment can extend the life of the project and keep things on track.
Buying used lab instruments has a very real ecological impact as well. Electronic waste is a growing problem in the US, especially as the biotech market continues to grow. Second life in a new lab keeps a reliable tool out of a landfill and minimizes ground contamination. Extending the life cycle of these used biotech instruments is a great way to curb some of that waste. Participating in the used lab equipment life cycle doesn’t just benefit the buyer. Labs looking to free up space, and clear our surplus supplies, can recoup some of their initial investments and regain some capital.