Electronic lab notebook (ELN) is a software tool used to enter observations, protocols, notes, and data by using a computer or mobile device to avoid data losses and ensure regulatory compliance and interoperable data distribution. It is replacing laboratory paper notebooks, as it is more efficient in managing data. Electronic lab notebooks are generally used by researchers, scientists, and engineers working in research and development laboratories where large number of experiment results, procedures, and documents are stored and shared for overall productivity.
Growing trend of digitization across the globe and increasing need of maintaining records electronically in pharmaceutical and bio technology industry are anticipated to fuel the growth of the electronic lab notebook market. For instance, innovations in developing drugs in pharmaceutical industry is a requirement to maintain and secure the records related to the inventions. Additionally, growing usage of electronic lab notebooks in food and beverage industry for food matrices i.e. to monitor authenticity and quality of products is expected to boost the global electronic lab notebook market over the forecast period. Moreover, growing demand for accuracy, speed, and efficiency in industrial laboratories and rising government funding for research activities is expected to enhance the growth of the electronic lab notebook market. Furthermore, informatics and automation is becoming essential for the life sciences vertical which is anticipated to enrich the growth of the electronic lab notebook market.
Limited adaptability of electronic lab notebooks in academic research worldwide and high initial cost is projected to restrain the global electronic lab notebook market. However, with growing focus on innovation and research and development of electronic lab notebooks by many well-established and emerging players, the electronic lab notebook market is expected to overcome this restraint in the near future.
The global electronic lab notebook market can be segmented based on deployment, product type, end-user, license type, and region. Based on deployment, the market can be classified into cloud and on-premises. In terms of end-user, market can be segmented into pharmaceutical, biotechnology, contract research, energy, manufacturing, clinical research, chemicals, academic research institutes, government, and food & beverage among others. Based on product type, electronic lab notebooks can be segmented into Cross-Disciplinary ELN and Specific ELN. Furthermore, based on license type, the electronic lab notebook market can be bifurcated into proprietary and open source.
In terms of region, the global electronic lab notebook market can be classified into North America, Europe, South America, Middle East & Africa, and Asia Pacific. The electronic lab notebook market in North America is expected to account for a prominent share followed by Europe and Asia Pacific. North America and Europe hold the major share due to the presence of well-established and emerging players providing electronic lab notebook software tools. The electronic lab notebook market in North America is expected to expand due to growing demand for integration of laboratory systems in life science and healthcare industry and also due to the increasing investment in research and development for laboratory infrastructure. The market in Asia Pacific is expected to expand at a rapid rate during the forecast period due to electronic laboratory notebooks used in the food and beverage industry. Furthermore, Asia Pacific is projected to be the fastest growing market for electronic lab notebooks due to growing government focus on digitization in many countries of this region that includes India, China, and Japan.
Key players operating in the global electronic lab notebook market are Agilent Technologies, Arxspan LLC., Abbott Informatics Corporation, Dassault Systemes SE, Waters Corporation, LabWare, Inc., Kinematic Inc., SciNote LLC., LabArchives, LLC., Mestrelab Research, ID Business Solutions (IDBS) Ltd (Danaher Corporation), RURO Inc., PerkinElmer, Inc., Benchling, Inc., Thermo Fisher Scientific Inc., Lab Vantage Solutions, Inc., and Lab folder GmbH, among others.
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