Global Electronic Lab Notebook (ELN) Market Size By Product (Cross Disciplinary, Specific), By License (Proprietary, Open), By Application (Chemical Industry, CROs, Environmental Testing Labs), By Geographic Scope And Forecast
Report ID: 32852|No. of Pages: 202
Global Electronic Lab Notebook (ELN) Market Size By Product (Cross Disciplinary, Specific), By License (Proprietary, Open), By Application (Chemical Industry, CROs, Environmental Testing Labs), By Geographic Scope And Forecast
Electronic Lab Notebook (ELN) Market Size And Forecast
Electronic Lab Notebook (ELN) Market size was valued at USD 595.58 Million in 2024 and is projected to reach USD 860.03 Million by 2031, growing at a CAGR of 4.70% from 2024 to 2031.
The Electronic Lab Notebook (ELN) Market is enduring significant growth owing to the digitalization and rising need for a time-efficient and accurate output. Also, the increasing adaption of the device in life science is another factor driving the market growth. Moreover, the increasing need for data stored electronically is imposing an assertive impact factor on the market. The Global Electronic Lab Notebook (ELN) Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market.
Global Electronic Lab Notebook (ELN) Market Definition
Electronic lab notebooks (ELN) are computer-programmed electronic gadgets, capable of saving information related to lab experiments or researches. Also, it enables the user to access the stored data for future reference and data sharing with other users. It is not only an alternative for laboratory paper notebooks but also assists in the management of data in an orderly manner and implements security.
Electronic lab notebooks are broadly employed by the researchers working in research and development laboratories of pharmaceuticals, chemicals, and healthcare organizations, where a large number of experiment results, procedures, and results are documented, and shared among scientists.
The potential benefits of an electronic lab notebook include better data management, avoid data losses, eliminate work forgery, and ease in searching and data mining. The electronic lab notebook remaining a core part of laboratory informatics strategy is utilized universally among scientists and researchers, hence confirming to be a beneficial product in the market.
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Global Electronic Lab Notebook (ELN) Market Overview
The global Electronic Lab Notebook (ELN) Market is principally pushed by the growing demand for electronic lab notebooks among scientists and researchers working in various sectors such as pharmaceuticals, analytical chemistry, and healthcare. With innovations in developing drugs, it is a necessity to maintain and safely secure the records related to the inventions. Thus, the use of electronic lab notebooks erases the conventional method of keeping the records in paper notebooks providing more enhanced security to the intellectual property.
Furthermore, the growing Need for Efficient Data Management has positively anticipated propelling the growth of the global Electronic Lab Notebook (ELN) Market. There are certain limitations and barriers experienced that will limit the market growth. The factors such as Data integration in cybercrime and the High Cost of the device are limiting the market growth. Also, the adaptability of electronic lab notebooks in academic research is low which is estimated to inhibit the growth during the forecast period.
Further, the limited number of market players supplying electronic lab notebooks, and the maintenance cost of this handy device are the potential restraints hampering the overall growth of the global Electronic Lab Notebook (ELN) Market. Nevertheless, the constant developments in technologies and untapped potential in developing markets offer promising growth opportunities.
Global Electronic Lab Notebook (ELN) Market Segmentation Analysis
The Global Electronic Lab Notebook (ELN) Market is Segmented on the basis of Product, License, Application, And Geography.
Electronic Lab Notebook (ELN) Market, By Product
• Cross Disciplinary
• Specific
Based on Product, the market is bifurcated into Cross-Disciplinary, Specific. The cross-disciplinary segment holds the largest market share during the forecast period. The factors that can be attributed to reducing costs of IT overheads view data across an organization, data standardization, and secure storage of an organization’s knowledge and IP in one central location are accelerating the demand for this segment.
Electronic Lab Notebook (ELN) Market, By License
• Proprietary
• Open
Based on License, the market is bifurcated into Proprietary, Open. The proprietary segment holds the largest market share and is estimated to witness the highest CAGR during the forecast period. The factors that can be attributed to its benefits such as ownership of the software, a plethora of features, quick and efficient support, and the ability to customize as per requirement are stimulating the demand for this segment.
Electronic Lab Notebook (ELN) Market, By Application
• Chemical Industry
• CROs
• Environmental Testing Labs
• F&B and Agriculture
• Life Sciences
• Others
Based on Application, the market is bifurcated into Chemical Industry, CROs, Environmental Testing Labs, F&B and Agriculture, Life Sciences, and Others. The pharmaceutical segment holds the largest market share during the forecast period. Pharmaceutical companies are leading adopters of electronic lab notebooks mainly propelled by the increasing regulatory pressures to maintain data integrity, validity, and security.
Electronic Lab Notebook (ELN) Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
On the basis of Geography, the Global Electronic Lab Notebook (ELN) Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia-Pacific holds the largest market share. The 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 will boost the market in the APAC region.
Key Players
The “Global Electronic Lab Notebook (ELN) Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Thermo Fisher Scientific, Inc., Agilent Technologies, LabWare, Arxspan, LLC, Benchling, Inc., LabVantage Solutions, Inc., Abbott Laboratories, Core Informatics, LabLynx, Inc., and Dassault Systemes SE.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
Partnerships, Collaborations, and Agreements
• In July 2018, LabArchives®, the leading provider of cloud-based Electronic Lab Notebooks, has announced a collaboration with Macmillan Learning, a prominent educational solutions firm (ELN). As a result of this collaboration, Macmillan will be able to provide educators with a more comprehensive set of configurable, interactive solutions for college STEM labs.
Mergers and Acquisitions
• Agilent acquired BioTek Instruments in August 2019 to extend its international footprint in biopharma, academia, and research, as customers demanded complex cellular environments and interactions.
• Arxspan LLC, a developer of scientific software, was acquired by Bruker Corporation in March 2019.
Product Launches and Product Expansions
• Sapio Sciences announced the availability of Exemplar ELN Essentials, a self-service SaaS solution, in May 2019. At a low monthly cost, it’s shaped as an access-level lab notebook with initiative class features. Handlers can sign up for free trials of ELN Essentials before deciding to buy the system, which will help the ELN market grow even more due to its low cost and simple platform.
• Exemplar ELN X was released in March 2018 by Sapio Sciences LLC and includes capabilities such as high-level data representations, analysis, and visualizations.
• At the American Chemical Society’s (ACS) Spring National Meeting and Exposition in April 2017, PerkinElmer, Inc. announced the launch of the PerkinElmer Signals Notebook. Through collaboration, PerkinElmer’s new cloud-based electronic laboratory notebook solution (ELN) rules smarter science. This strategy aids scientists in completing reports, exchanging data, and speeding up data discovery. It also encourages R&D to accelerate innovation, allowing the electronic lab notebook market to explode in size.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| Unit | Value (USD Million) |
| KEY COMPANIES PROFILED | Thermo Fisher Scientific, Inc., Agilent Technologies, LabWare, Arxspan, LLC, Benchling, Inc., LabVantage Solutions, Inc., Abbott Laboratories. |
| SEGMENTS COVERED | By Product, By License, By Application, And By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL ELECTRONIC LAB NOTEBOOK (ELN) MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL ELECTRONIC LAB NOTEBOOK (ELN) MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL ELECTRONIC LAB NOTEBOOK (ELN) MARKET, BY PRODUCT
5.1 Overview
5.2 Cross Disciplinary
5.3 Specific
6 GLOBAL ELECTRONIC LAB NOTEBOOK (ELN) MARKET, BY LICENSE
6.1 Overview
6.2 Proprietary
6.3 Open
7 GLOBAL ELECTRONIC LAB NOTEBOOK (ELN) MARKET, BY APPLICATION
7.1 Overview
7.2 Chemical Industry
7.3 CROs
7.4 Environmental Testing Labs
7.5 F&B and Agriculture
7.6 Life Sciences
7.7 Others
8 GLOBAL ELECTRONIC LAB NOTEBOOK (ELN) MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East
9 GLOBAL ELECTRONIC LAB NOTEBOOK (ELN) MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Thermo Fisher Scientific, Inc.
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Agilent Technologies
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 LabWare
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Arxspan, LLC
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Benchling, Inc.
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 LabVantage Solutions, Inc.
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Abbott Laboratories
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Core Informatics
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 LabLynx, Inc.
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Dassault Systemes SE
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 Appendix
11.1 Related Research
Report Research Methodology
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
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The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
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Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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