Electronic Lab Notebook Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Jan 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Electronic Lab Notebook market size is expected to be worth around US$ 800.2 million by 2028, according to a new report by Vision Research Reports.

The global Electronic Lab Notebook market size was valued at US$ 532.08 million in 2020 and is anticipated to grow at a CAGR of 4.10% during forecast period 2021 to 2028.

Growth Factors

Increasing requirement for life science and pharma industries to comply with regulatory requirements has promoted the incorporation of Electronic Lab Notebook (ELN) as it helps simplify the lab process and reduce time.

Rising demand for automated laboratory process such as cloud based electronic lab notebook, ELN embedded with SDMS solutions and supportive government initiatives, are expected to propel the market over the forecast period. Asia Pacific is expected to exhibit lucrative growth over the forecast period owing to increasing demand of Contact Research Organizations (CROs). Moreover, reduced operational cost, remote access, real time data tracking are contributing to the rising demand.

Report Highlights

On the basis of products, the electronic lab notebook market is segmented into cross-disciplinary and specific. A cross-disciplinary electronic lab notebook holds the largest market share in 2020 owing to its wide usage. It can be used across multiple disciplines such as R&D, IT, legal, and management. The other benefits associated with it include reduced costs of IT overheads, common data collection processes and standards across the organization, secure storage, and built-in workflow management. It can be easily accessed and allows the greater exploitation of the shared data.

On the other hand, specific ELN also held a substantial market. Share. This is restricted to a definite discipline and most relevant to the research area. The data is more secure as compared to cross-disciplinary. It improves the productivity of a single research function and data sharing is limited to a specific team.

Cloud-based/web hosted held the largest share of the electronic lab notebook market as of 2018. Increase in adoption of cloud-based ELN systems by CROs due to their benefits such as saving time, reduction in labor cost, secured access to clinical information, space spent for system implementation data, and easy ecosystem is some other benefits of cloud-based software. These factors are expected to create lucrative growth opportunities for the segment.

On-premise ELN services include the installation of services and solutions on computers present within the organization. It usually requires more investment considering hardware acquisitions, IT support, and general overhead. SaaS-based cloud electronic lab notebook has advantages over on-premise such as lesser downtime and automatic updates. Other than SaaS, another cloud-based ELN used by the organizations is the private cloud. It is inclusive of a single-tenant and managed services. Some of the most used cloud-based ELN software is from LabArchives, Lab-Ally, Benchling, Biosistemika, etc.

The proprietary segment registered the largest revenue share of the ELN market in 2020 and is anticipated to maintain its position in the coming years. It is more secure as compared to open source. The source code is guarded by the owner of the software and is inclusive of some major features.

On the contrary, open-source software has limited feature options. The source code can be used, modified, and shared under defined terms. One example of an open-source is Indigo ELN. It is based on Pfizer’s internal chemistry electronic lab notebook, CeN. The open-source is used by scientists in order to prepare, analyze, and plan experiments and access relevant information.

Life sciences held the largest revenue share of the end-user segment as of 2020. The demand for electronic lab notebook is increasing in this industry in order to, improve product quality, develop innovative products, and operational efficiency. To fulfill these needs, the demand for more virtual and electronic laboratories is increasing. The cloud base electronic lab notebook allows effective management of huge amounts of data from a remote place and allows real-time data analysis.

CROs segment is expected to showcase lucrative growth over the forecast period due to the increasing trend of outsourcing. Increasing adoption of ELN by outsourcing companies to curb healthcare costs is attributing to the lucrative growth of CROs and BPO segments. The added benefits of these include efficient data entry, reduced time, and faster delivery. It also finds applications in forensic science, food and beverage industry, and other pharma laboratories. Rising need to curb operational costs coupled with the benefits associated with electronic lab notebook usage is key factors expected to contribute to the growth of this segment.

North America accounted for the largest revenue share in 2020, owing to the technologically advanced infrastructure. Moreover, the policies supporting the deployment of ELN in the laboratories is another factor boosting the growth in this region.

Asia Pacific is expected to witness lucrative growth over the forecast period owing to the increasing number of CROs in this region. The availability of skilled professionals at a reduced cost is one of the major factors driving growth. The Ministry of Health Labor and Welfare in Japan have launched initiatives to improve the existing healthcare infrastructure.

Key Players

LabWare; Core Informatics; Arxspan, LLC, Thermo Fisher Scientific, Inc.; Benchling, Inc..; LabVantage Solutions, Inc.; Abbott Laboratories; LabLynx, Inc.; Agilent Technologies; and Dassault Systemes SE.

Market Segmentation

  • Product Outlook

    • Cross-disciplinary

    • Specific

  • Delivery Mode Outlook

    • On-premise

    • Web-hosted/Cloud-based

  • License Outlook

    • Proprietary

    • Open

  • End-Use Outlook

    • Life Sciences

    • CROs

    • Chemical Industry

    • Food and Beverage and Agriculture Industries

    • Environmental Testing Laboratories

    • Petrochemical Refineries & Oil and Gas Industry

    • Other Industries (Forensics and Metal & Mining Laboratories)

  • Regional Outlook

    • North America 

      • The U.S.

      • Canada

    • Europe 

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

      • Russia

    • Asia Pacific 

      • Japan

      • China

      • India

    • Latin America 

      • Brazil

      • Mexico

    • Middle East & Africa 

      • South Africa

      • Saudi Arabia

The Electronic Lab Notebook market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Electronic Lab Notebook market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Electronic Lab Notebook market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electronic Lab Notebook market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Electronic Lab Notebook market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Electronic Lab Notebook capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Electronic Lab Notebook by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Electronic Lab Notebook market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Electronic Lab Notebook market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Electronic Lab Notebook market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Electronic Lab Notebook industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Electronic Lab Notebook market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Electronic Lab Notebook market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Electronic Lab Notebook market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Electronic Lab Notebook market. These factors have benefited the growth of the global market for Electronic Lab Notebook. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Electronic Lab Notebook. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Electronic Lab Notebook are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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