The market for electronic lab notebooks (ELN) is anticipated to develop at a CAGR of 13.9% from 2022 to 2029, reaching around US$ 1,180.3 Mn. Nearly 5% of the market for lab automation software is devoted to electronic lab notebooks. Due to ongoing improvements in Electronic Lab Notebook (ELN) software and services, the expansion of ELN solutions will continue to pick up speed.
The market for electronic lab notebooks is expanding as a result of factors like increasing government attention to digital laboratory infrastructure, growing life science industry, rising demand for automation in labs, growing need for time-efficient and accurate output by experimental labs, and emerging cloud-based ELN technology.
Competitive Landscape
Many key players are inclined at investing heavily in lab automation technology research and development practices to uncover increased applications of electronic lab notebooks. With the use of technology, vendors are also focusing on lowering the cost of electronic lab notebook, and customer satisfaction for captivating an increased customer base.
- For instance, in November 2019, Thermo Fisher Scientific introduced latest forensic laboratory qualified capillary electrophoresis platform. The platform is designed for both new and experienced users who need a simple instrumentation experience for forensic analysis.
Key Companies Profiled
- Thermo Fisher Scientific Inc
- Abbott Informatics
- BioData Inc. (Labguru)
- AgileBio (LabCollector)
- LabVantage Solutions Inc.
- Agaram Technologies Pvt. Ltd.
- Benchling, Inc.
- Bio-ITech BV (eLABJournal)
- LabWare
Request a Sample of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-1610
Key Takeaways from the Market Study on Electronic Lab Notebook (ELN) Software
- High demand for ELN is being caused by pharmaceutical companies’ growing outsourcing of manufacturing and R&D activities from other countries, such as North America and Europe, which is leading to effective laboratory data management and regulatory compliance.
- New cloud-based technology offers web and cloud-based solutions for a variety of issues, including affordability, real-time analytics, simple data access, integration with other systems and software, sharing of data both internally and externally, scalability, and flexibility.
- The electronic lab notebook (ELN) software market’s software solution-based category is anticipated to create an additional potential worth around US$ 611 Mn over the projected period.
According to FMI analysis, the variation between the BPS values observed in the ELN market in H1, 2022 – Outlook (O) over H1, 2022 Projected (P) reflects a spike of 20 units. Many organizations in the biological sciences have observed a scientific breakthrough. Change is being driven by shifts to more data-driven approaches across the value chain of research, more cooperation, digital transformation, and the advancement of research objectives.
Furthermore, compared to H1, 2022 (O) over H1, 2021 Actual (A) also reflects a rise of 160 units. The key reason is Increasing government financing for research. Growing government concentration on the digitalization of laboratory infrastructure, as well as a thriving life science industry is the driver for market growth.
Growing Automation in Laboratories
Growing automation in laboratories and technological advancement creating potential growth opportunities for the electronic lab notebook (ELN) market. However, other factors are contributing to the growth of market include, rising government focus on digitization and laboratory infrastructure, and growing life science industry.
The digitalization trend is increasingly shifting to labs used in various industries and sectors. Increasing government funding for research activities, as well as growing trends of bio-banks in major countries such as China, Japan and India, have increased the use of electronics lab notebook over conventional paper-based lab notebook practices.
For any Queries Related with the Report, Ask an Analyst @
https://www.futuremarketinsights.com/ask-question/rep-gb-1610
Electronic Lab Notebook (ELN) Market Outlook by Category
By Solution:
- Electronic Lab Notebook (ELN) Software
- Laboratory Information Management
- System Platform
- Electronic Lab Notebook Software
- Electronic Lab Notebook (ELN) Services
- Validation Services
- Consulting Services
- Implementation & Integration Service
- Support & Maintenance
- Training
By Deployment :
- Cloud
- On-Premises
By Enterprise Size:
- Small & Medium Enterprises
- Large Enterprises
By Industry :
- Healthcare & Life Sciences
- Energy
- Food & Beverages
- Academic & Scientific Research
- Petrochemicals
- Mining & Metals
- Others
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Middle East & Africa
- GCC Countries
- Emerging Countries
To remain ‘ahead’ of your competitors, Get Customized Report @
https://www.futuremarketinsights.com/customization-available/rep-gb-1610
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
