Electronic Lab Notebook Market

Electronic Lab Notebook Market: Evolution

The popularity of electronic lab notebooks stems from the penetration of digital storage technologies in research works. The reproducibility of research results in various sciences is a key pivot on which devices in electronic lab notebook for recording and documenting experimental procedures have gathered steam among the research community.

Digital record of results endows users several benefits. The proper recording and documenting experimental procedures is a key business proposition underlying the reproducibility of results for the scientific community. This is a key driver for prospects of the electronic lab notebook market.

Over the years, advancements in the software platforms and focus on tailoring the products to individual research groups have enabled superior record keeping of data and metadata. Focus on improving the digital workflows include keeping a detailed record of all equipment and reagents used and protocols undertaken. Two major propositions underpin the new product development avenues in the electronic lab notebook market. The offering are available on both cloud-based or on-premise modes, which expand the choices for the scientific fraternity and researchers in various end-use industries. The popularity of cloud-based offering is expected to offer substantial revenue gains to players in the electronic lab notebook market.

Electronic Lab Notebook Market: Drivers, Current Prospects, Lucrative Avenues

The electronic lab notebook market has made strides on the back of the trend of robotic process automation in healthcare and life sciences industries. The trend has reinforced an uptick in demand for digital record keeping that enables reproducibility of results for the scientific community and researchers. Another key benefit is optimizing the processes for researchers in the life-sciences industry. Additionally, reduced IT costs are one of the key benefits of electronic lab notebook.

End users in the electronic lab notebook market have benefitted from the centralized repository of digital data, and they are harnessing them for boosting collaboration among the peer groups. Technological advancements have made them more user-friendly and interface. Apps that facilitate numerous functionalities are enriching the market landscape Growing volumes of clinical data collected from myriad sources by life-sciences industries are bolstering the prospects of the electronic lab notebook market. The growing numbers of translational research is propelling the growth.

Electronic Lab Notebook Market: Competition Landscape and Key Developments

Some of the key players in the electronic lab notebook (ELN) market are LabLynx, Inc., Abbott Laboratories, LabVantage Solutions, Inc., Benchling, Inc., Agilent Technologies, Arxspan LLC, Core Informatics, and LabWare.

Key players are keenly capturing customer value with the commercialization of integrated systems by offering software that integrates laboratory Information Management Systems (LIMS) with ELNs. Most solution providers are keen of improving the functionalities by offering better user management rights, increased interoperability, and meta-data export features. Top players are especially focusing on robust security features and constantly improving the framework to prevent any hacks.

Electronic Lab Notebook Market: Regional Landscape

North America has emerged as a highly lucrative region in the global electronic lab notebook market. The growth is fueled by the trend of various stakeholders in the life-sciences and pharmaceutical industries adhering to good laboratory practices. Extensive research in ICT and rapid pace of digitalization of records for the scientific community have bolstered the prospects of the North America electronic lab notebook market.

Asia Pacific has emerged as a promising regional market. The growth is propelled by the growing focus of researchers to comply with the changing regulatory norms, both at regional and global level. Growing number of translational research in the pharmaceutical industry is a key factor extending the horizon for new opportunities for players in the Asia Pacific electronic lab notebook market.