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| Global Electronic Lab Notebook Market Size |
Electronic lab notebooks (ELNs) are software tools that are used to maintain
electronic records of laboratory experiments and analyses digitally. ELNs offer
advantages like secure data storage, centralized information access, compliance
with regulatory guidelines. They help researchers in keeping track of
protocols, data reporting and collaborate more efficiently.
The
global Electronic Lab Notebook Market is estimated to be valued at US$ 442.68 Mn or Million in 2023 and is
expected to exhibit a CAGR of 8.5% over
the forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
One of the key trends in the electronic lab notebook market is the integration
of sensors. Embedded sensors allow researchers to record experimental
parameters like temperature, pressure directly into the ELN from analytical
instruments. This facilitates capture of real-time experimental data and
reduces manual transcription errors. Sensors integrated with ELNs provide
automated documentation and help improve productivity of R&D processes.
Segment Analysis
The electronic lab notebook market is dominated by the research and development
segment. It accounts for over 60% of the global market share due to extensive
adoption of electronic lab notebooks in research organizations and
pharmaceutical companies for new drug development processes. The electronic lab
notebooks help in maintaining documentation, improving collaboration between
researchers, and ensuring data integrity during long drug development cycles.
Key Takeaways
The Global
Electronic Lab Notebook Market Size is expected to witness high growth,
exhibiting a CAGR of 8.5% over the
forecast period, due to increasing demand for data integrity and collaboration
in research processes.
Regional analysis - North America holds the highest share in the electronic lab
notebook market currently. The presence of prominent life science firms and
research organizations is driving the use of electronic lab notebooks in the
region. Asia Pacific is expected to grow at the fastest pace during the
forecast period due to rising research activities in countries like China and
India.
Market size - The global electronic lab notebook market size was valued at US$ 442.68 Mn in 2023 and is expected
to reach over US$ 800 Mn by 2030 as electronic lab notebooks provide benefits
like data security, compliance with regulatory guidelines, and improved
collaboration for life science organizations.
Key players - Key players operating in the electronic lab notebook market are
DASSAULT SYSTEMES SA, Arxspan LLC., LabArchives, LLC, Abbott Informatics Corp.,
PerkinElmer, Inc., LabWare, Inc., Bruker Corporation, ID Business Solutions
Ltd., and Kinematik US & Inc. These players are focusing on new product
launches and partnerships with research institutes to gain higher market
shares.
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