Electronic Lab Notebook Market 2020 Growth & Share with Developed Economies 2025 | Abbott Informatics Corporation., Thermo Fisher Scientific, Inc., Benchling, Inc., LabVantage Solutions, Inc., LabLynx, Inc., Agilent Technologies, Dassault Systemes S ,LabW

Electronic lab notebook (ELN) is a computer programmed electronic device, which stores data related to the lab experiments or researches. Electronic lab notebook transformed management of laboratories data storage from paper records to digital records as it is more secure and less time consuming. It is an innovative & digital laboratory data management and analysis solution.

Automation in laboratories became an indispensable necessity with improved regulatory compliance, process optimization, reduced labor cost and improved data quality.

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Electronic lab notebook enables to set up, run, and analyze data of experiments in shorter time duration. Some factors such as increasing pressure to abide by the strict regulatory requirements, progressing drug discovery, improving infrastructure of lab in developed and developing countries and research outsourcing to CRO's are pushing laboratories towards automation globally.

To manage the volume of data increasing at a faster rate, it is essential to have automation in this field and has created the need for efficient data storage, analysis and sharing solutions including ELN.

Moreover, the automation of laboratory procedures and the accumulation of data provides a platform to promote scientific decisions, improve quality of work, and enable lab professionals to productively advance research, development, and manufacturing.

ELN is a user-friendly edge that enables search functionality for data recovery and ease of finding inventory linked to the lab notes. Growing inclination of all age groups towards the use of digital solutions for efficient data management and documentation bolster the adoption of electronic lab notebook software. The emergence of new technological innovations including recent technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) is flourishing the electronic lab notebook market. The demand for such electronic devices is most prominent in academic institutions and industrial verticals.

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Rising endorsement of cloud-based technology offers significant opportunities to electronic lab notebook

Electronic lab notebook providers are promoting web & cloud based ELN solutions, offering discipline-specific and multi-disciplinary ELNs, enhancing integration capabilities, and providing more user-friendly solutions. Factors such as cost-effectiveness, integration with other systems & software, real-time-analysis, access to data anywhere & anytime, sharing of data internally and externally, flexibility, and scalability. Big companies are shifting towards web & cloud-based solutions for storage and data accessibility within organization and across multiple geographic locations. On the other hand, cloud models are increasingly adopted by small to medium-sized businesses for its user-friendliness, and cost-effectiveness.

Pharmaceutical Companies Dominate the use of ELNs

Pharmaceutical companies are currently the leading adopters of electronic lab notebooks, and the segment growth is mainly driven by the growing regulatory pressures to maintain data integrity, validity and security. Moreover, growing R&D activities and increasing need to improve laboratory productivity and cost efficiency drives pharmaceutical industries to invest in ELN solutions. However, biotechnology companies and CROs & CMOs are expected to be the fastest growing end user segments in the coming years.

North America Dominates the Global Market, while Asia Pacific Leads the Growth

North America is dominating the global electronic lab notebook market, followed by Asia-Pacific. However, Asia Pacific will be the fastest growing regional market due to accelerated economic growth of many countries in this region, growing government focus on digitization and laboratory infrastructure, growing life sciences industry and increasing outsourcing to CROs in this region, and rising availability and awareness of laboratory solutions. China is expected to witness the highest growth in Asia Pacific market, mainly due to its strong growth in urbanization and economic expansion, growing government initiatives, increasing use of automation technologies in research, cost effective manufacturing operations, and strong purchasing power. Laboratory infrastructure and automation in the country is changing the workflow of laboratories and it is helping to penetrate technologies and workflows in research & development labs, food & beverage industries, CROs & CMOs, and various other sectors.
Cross-disciplinary Electronic Lab Notebooks product to remain most prominent
Cross-disciplinary ELNs are rapidly used as they provide broad range of scientific needs with their ability to offer a suitable environment that is easy to use across multiple disciplines. Moreover, the cross-disciplinary ELNs helps to condense costs of IT overheads, view data across an organization, data standardization, secure storage of an organization's knowledge and IP in one central location, improve workflow management across disciplines, and enhance collaboration across research areas and exploitation of information for business decisions and strategic planning. Due to such factors cross-disciplinary ELNs market is having a rapid growth.

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Key Market Players

o Abbott Informatics Corporation.
o Thermo Fisher Scientific, Inc.
o Benchling, Inc.
o LabVantage Solutions, Inc.
o LabLynx, Inc.
o Agilent Technologies
o Dassault Systemes SE
o LabWare
o Core Informatics

Following is a detailed snapshot of most prominent segments in global electronic lab notebook market:

Segmentation by product type: Global Electronic Lab Notebook Market
o Cross disciplinary
o Specific

Segmentation by mode of delivery type: Global Electronic Lab Notebook Market
o Web &cloud based ELN
o On-premise ELN

Segmentation by End user: Global Electronic Lab Notebook Market
o Pharmaceutical Companies
o Biotechnology Companies
o CROs & CMOs
o Academic Research Institutes
o Food & Beverage Companies
o Environmental Testing Laboratories
o Petrochemical Refineries & Oil and Gas Industry
o Other Industries (Forensics and Metal & Mining Laboratories)
Segmentation by License type: Global Electronic Lab Notebook Market
o Proprietary ELN
o Open-Source ELN

Regional Segmentation: Global Electronic Lab Notebook Market
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

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Key Market Movements
o Adoption of digital device solutions for ease of work are driving the electronic lab notebook demand in the market
o Growing regulatory pressures to maintain data integrity, validity and security fuels growth of this market
o Emergence of new technologies such as AI and IoT are the growth opportunities
o Growing R&D activities and increasing need to improve laboratory productivity and cost
Key Questions Answered
o Market valuation in terms of value and volume of the in global electronic lab notebook market through the forecast span, 2019-25
o Comprehensive market evaluation across major regions based on market segmentation
o A thorough rundown on market dynamics such as drivers, threats, challenges, and opportunities
o A clear analytical review of competition spectrum, highlighting industry forerunners, company as well as product portfolios
o Major highlights on winning marketing strategies adopted by leading players

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