Electronic Lab Notebook (ELN) Market Research, 2033
The global electronic lab notebook (ELN) market was valued at $392.0 million in 2023, and is projected to reach $841.7 million by 2033, growing at a CAGR of 7.9% from 2024 to 2033. Rise in the demand for lab information management systems in the global healthcare industry given the substantial increase in scientific R&D activity and data generated is estimated to drive the market growth.
Market Introduction and Definition
An electronic version of the paper lab notebooks used by scientists for recording experiment findings is called an Electronic Lab Notebook (ELN) . It enables researchers to view, look up, and discuss experiment results. Electronic lab notebooks, or ELANs, are used in many different research domains and sectors where laboratory work is done. ELNs are frequently utilized in the life sciences industry in molecular biology, genetics, biochemistry, pharmacology, and microbiology are among the fields of life sciences study that heavily utilize ELNs. ELNs are used by researchers in these domains to record observations, manage experiment data, collaborate with colleagues, and record experimental protocols.
ELN are essential to the pharmaceutical industry's processes for medication development, validation, and discovery. Throughout the course of the drug development lifecycle, scientists utilize ELNs to track drug formulations, manage compound libraries, record preclinical trials, and stay in compliance with regulations. They are also used in chemical industries, food beverage industry, and others. ELNs are a better option for research data management than typical paper notebooks since they allow for collaboration, auditing, and data protection.
Key Takeaways
- The electronic lab notebooks market study covers 20 countries. The research includes a segment analysis of each country in terms of value for the projected period.
- More than 1, 500 product literatures, industry releases, annual reports, and other such documents of major electronic lab notebook industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
- The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions in order to achieve their most ambitious growth objectives.
Key Market Dynamics
The global electronic lab notebook market size is growing due to the rise in the demand for lab information management systems in the healthcare sector across the globe drives the market. With rapid growth in scientific R&D activities regarding diseases, there is a massive increase in the amount of data generated in laboratories. Laboratory informatics solutions help in managing & analyzing this vast volume of data efficiently, leading to improved productivity and decision making. Laboratories, especially in sectors such as pharmaceuticals, biotechnology, and healthcare, need to comply with strict regulatory standards.
Furthermore, the deployment of ELNs is the growing digital transformation of laboratory procedures. In an effort to increase efficiency, collaboration, and data management, laboratories are gradually moving away from paper-based documentation and towards digital alternatives.The electronic lab notebook market trends is driven by an increase in research and development (R&D) activities in sectors such as materials science, biotechnology, chemicals, and pharmaceuticals.
However, the cost of implementation and data privacy issues may hinder the growth of the market. Furthermore, cloud-based ELN solutions are becoming increasingly popular because of their scalability, accessibility, and simplicity of use, thereby boosting the electronic lab notebook market opportunity. When compared to on-premises solutions, cloud-based ELNs have cheaper upfront costs and offer benefits including automatic updates, real-time collaboration, remote access, and automated updates.
Patent Analysis of Global Electronic Lab Notebook Market
Although the growth of the electronic lab notebook market size has been more rapid in recent years, the industry can draw on the patents filed by various companies. For instance, patents filed by the U.S. based companies dominated the same with 41.7% share, Patent Cooperation Treaty (PCT) holds a share of about 25%. The European Patent Office and others hold a share of about 16.7% share in the patent analysis.
Market Segmentation
The electronic lab notebook market analysis is segmented into component, delivery mode, end-user, and region. On the basis of component, it is bifurcated into software and services. On the basis of delivery mode, it is bifurcated into cloud-based/web-based and on-premise. As per end-user, the market is segregated into life science, chemical industries, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Regional/Country Market Outlook
North America accounted for a major electronic lab notebook market share owing to the presence of several major players, availability of advanced healthcare facilities; and high healthcare infrastructure expenditure by the government organizations in the region drive the growth of the market.?Furthermore, availability of advanced healthcare systems; increase in R&D activities; development and availability of software in this region foster the growth of the market. In addition, the U.S. is anticipated to contribute a major share to the regional market and is expected to drive the growth of the market throughout the forecast period.
Further, Asia-Pacific electronic lab notebook market share is expected to grow at the highest rate during the forecast period. This is attributable to rise in demand for lab automation, increase in R&D activities for drug discovery, as well as increase in purchasing power of populated countries, such as China and India. Furthermore, the market growth in this region is attributable to factors such as technological advancements in the electronic lab notebook, increase in per capita spending, rise in awareness regarding the use of laboratory informatics software in labs in developing countries. In addition, increase in government initiatives for improving healthcare infrastructure is expected to drive the growth of the? market in Asia-Pacific.
Industry Trends
- Cloud-based ELN solutions are becoming more popular than conventional on-premises systems. Benefits of cloud-based ELNs include scalability, accessibility, and collaboration between researchers in various places, teherby boosting the electronic lab notebook market growth.
- ELNs are becoming more integrated with lab equipment and systems, facilitating automated workflows and smooth data transfer. This connection increases overall laboratory efficiency, increases data accuracy, and accelerates data capture.
Competitive Landscape
The major players operating in the electronic lab notebook industry include Abbott Laboratories, Agilent Technologies, Inc., Arxspan, LLC, Benchling, Inc., Eppendorf AG, LabVantage Solutions Inc., Lab Archives, Perkin Elmer, BioVia Corporation, and Dassault Systemes SE.
Recent Key Strategies and Developments
- In May 2023, Avantor, Inc. announced an agreement with Labguru, a research-to-production platform of choice for leading global pharma, national research institutes and innovative startups, to integrate Avantor's Inventory Manager and e-commerce channel into Labguru's Lab Information Management Software (LIMS) and Electronic Lab Notebook (ELN) . The combined offering from Avantor and Labguru will provide scientists with a centralized location to obtain an extensive selection of superior products whenever they're needed at the laboratory bench.
- In November 2023, ImmuneBridge, a developer of allogeneic, off-the-shelf cellular immunotherapies, launched a new electronic lab notebook (ELN) from Sapio Sciences, LLC.
Key Sources Referred
- National Coordinator for Health Information Technology
- U.S. Department of Health and Human Services
- National Institutes of Health Library
- American Cancer Society
- World Health Organization
- Division of Cancer Prevention and Control, Centers for Disease Control and Prevention
- Cancer Research UK
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electronic lab notebook market forecast to identify the prevailing market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the electronic lab notebook (ELN) market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global electronic lab notebook (ELN) market trends, key players, market segments, application areas, and market growth strategies.
Electronic Lab Notebook, by Component Report Highlights
| Aspects | Details |
 Market Size By 2033 | USD 841.7 Million |
 Growth Rate | CAGR of 7.9% |
 Forecast period | 2024 - 2033 |
 Report Pages | 280 |
 By Component |
|
 By Delivery Mode |
|
 By End User |
|
 By Region |
|
 Key Market Players | BioVia Corporation, Arxspan, LLC, Benchling, Inc., Agilent Technologies, Inc.,, Dassault Systemes SE, Eppendorf AG, LabVantage Solutions Inc., Perkin Elmer, Abbott Laboratories, Lab Archives |
The global electronic lab notebooks market is growing due to the rise in the demand for lab information management systems in the healthcare sector across the globe drives the market.
Cloud Based/ Web Based is the leading delivery mode of Electronic Lab Notebook.
North America is the largest regional market for Electronic Lab Notebook
The electronic lab notebook market was valued at $392.01 million in 2023.
The major players operating in the electronic lab notebook market include Abbott Laboratories, Agilent Technologies, Inc., Arxspan, LLC, Benchling, Inc., Eppendorf AG, LabVantage Solutions Inc., Lab Archives, Perkin Elmer, BioVia Corporation, and Dassault Systemes SE.
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