Electronic Laboratory Notebook (ELN) provides a potent, centralized electronic replacement for paper lab notebooks and other homegrown solutions used to record laboratory data. ELN help researchers and scientists to reduce manual efforts, labor cost, cost of error, and throughput time; offer paperless research data management and effective analysis; improve traceability, accessibility, security and sharing; streamline processes; enhance quality management; abide by the regulatory requirements; and provide better control of all business processes and decision support. “Meticulous Research” in its latest publication states that, the “global market for electronic laboratory notebook (ELN) market is expected to grow at a CAGR of 6.8% from 2018 to 2023 to reach $557.9 million by 2023.”
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This growth is primarily driven by the growing automation in laboratories and digitalization of laboratory data, increasing R&D activities, growing need for efficient data management in various application industries, technological advancements in laboratory solutions, and rising pressure for regulatory compliance.
Laboratory automation is changing the work flow in research laboratories and industries. Automation is increasingly becoming common in the life science industry and other research laboratories due to the growing demand to improve productivity in speed, accuracy, throughput and efficiency, as well as reduce errors and costs. Originally used mainly by the big pharmaceutical and biotechnology companies, laboratory automation technology has rapidly developed to satisfy a wider audience of scientists in the life science industry. Automation companies not only produce automation for specific customer needs but also smaller, easy-to-use systems that are much more accessible to scientists to satisfy their general needs. Laboratory automation and the growing emergence of new technological solutions have transformed the research and manufacturing work for scientists and lab professionals. Automation in laboratory includes automated lab instruments, software, processes and systems which enables reduction in human errors and cycle time, streamlining operations, increasing productivity, advancement in accuracy, data management, and product/service quality, and ensuring compliance. With growing automation, it has become essential to manage increasing volumes of data at faster rate. This has created the need for efficient data storage, analysis and sharing solutions such as lab informatics. Informatics solutions can significantly improve the effectiveness and efficiency of an organization’s laboratory operations. Furthermore, the automation of laboratory processes and the integration of data provides a platform to drive scientific decisions, improve quality, and ultimately enable lab professionals to productively advance research, development and manufacturing. Thus, growing lab automation subsequently drives the growth of laboratory informatics solutions including ELN.
The report provides meticulous analysis of electronic laboratory notebook market on the basis of product (mobile computer cart, medical cart, medication cart, wall mount workstation, and medical storage columns & accessories) and end user (hospital, nursing home/LTC, physician office/clinic), and geography.
The key players analyzed in the electronic laboratory notebook market are Abbott Informatics Corporation, Agilent Technologies, Inc., Arxspan, LLC, Benchling, Inc., Dassault Systemes SE, Bio-ITech BV (eLabJournal), ID Business Solutions (IDBS) Ltd (Danaher Corporation), Kinematic Inc., Lab-Ally LLC, LabArchives, LLC., Labfolder GmbH, Labii Inc., LabLynx, Inc., LABTrack, LLC, LabVantage Solutions, Inc., LabWare, Inc., Mestrelab Research, PerkinElmer, Inc., RURO, Inc., SciNote LLC, Seqome Limited, Thermo Fisher Scientific Inc., and Waters Corporation.
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Key Topics Covered in This Report:
- Research Methodology
- Executive Summary
- Market Share Analysis
- Market Insights
- Global Electronic Laboratory Notebook Market, By Product Type
- Global Electronic Laboratory Notebook Market, By License Type
- Global Electronic Laboratory Notebook Market, By Mode of Delivery
- Geographic Analysis
- Competitive Landscape
- Company Profiles
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