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The global electronic lab notebook market size was estimated at USD 555.8 million in 2020 and is expected to grow over the 2021-2026 forecast period at a CAGR of 5.2%.
It is projected that the increased demand for automation in laboratories would boost the adoption of electronic lab notebook. The benefits of electronic lab notebook such as process optimization, enhanced regulatory compliance, reduced labour costs, enhanced data quality, and faster delivery are some of the key drivers of the market growth.
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A notebook for a digital lab is a computer program intended to replace notebooks for the paper laboratory. These also allow the direct integration of data from instruments to be stapled into a paper notebook, eliminating the custom of printing out data.
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The electronic lab notebook market can be segmented into product, license, delivery mode, and end-user.
The industry can be broadly categorised based on its product into:
Based on license, the industry can be divided into:
The industry can be divided based on its delivery mode as:
The industry can be divided based on its end-user segments as:
The EMR report looks into the regional electronic lab notebook markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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The increasing robotics adoption and healthcare system automation has enabled reproducible and repeatable operations. The experimental results can now be set up, run, and evaluated in a shorter time. The increasing penetration of high-throughput systems has allowed experimental results to be analysed efficiently, which increases overall laboratory operations performance. These factors are projected to drive the growth of the electronic lab notebook market.
An electronic lab notebook is a customer-friendly interface that allows data retrieval search functionality and quick navigation inventory linked to laboratory notes. Manufacturing requires rigid systems that enable collaboration with complex iterative procedures and methods. Such systems need to be durable, secure, reproducible, and efficient, with minimal downtime. The emphasis is on improving service or product delivery speed and promoting regulatory scrutiny. Since most production processes are powered by processes, re-engineering them is simple. Virtual and electronic laboratories are needed for life science companies to create innovative products, improve quality, and operational efficiency. It is predicted that the above factors will drive the market for electronic lab notebook over the forecast period.
It is expected that North America will have a significant market share. Strict regulations for pharmaceutical companies have resulted in electronic lab notebook being increasingly implemented in this region. The key factors leading to the market growth are the involvement of major players in the industry and the release of new products. In the future, Asia Pacific is forecast to witness a rapid growth.
The report presents a detailed analysis of the following key players in the global electronic lab notebook market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, License, Delivery Mode, End User, Region|
|Breakup by Product||Cross Disciplinary, Specific|
|Breakup by License||Proprietary, Open|
|Breakup by Delivery Mode||On-Premise, Web-Hosted/Cloud-Based|
|Breakup by End User||Life Sciences Companies, CROs, Chemical Industry, Food and Beverage & Agriculture, Environmental Testing Laboratories, Petrochemical Refineries & Oil and Gas Industry, Others|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Thermo Fisher Scientific Inc. (NYSE: TMO), LabWare, Inc.,
Bruker Corporation (NASDAQ: BRKR), Abbott Laboratories (NYSE: ABT),
LabVantage Solutions, Inc., LabLynx, Inc., Benchling, Inc., Others
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Electronic Lab Notebook Market Analysis
6.1 Global Electronic Lab Notebook Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Global Electronic Lab Notebook Market Breakup by Product
6.2.1 Cross Disciplinary
6.3 Global Electronic Lab Notebook Market Breakup by Product: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Cross Disciplinary
6.4 Global Electronic Lab Notebook Market Breakup by License
6.5 Global Electronic Lab Notebook Market Breakup by License: Historical Market (2016-2020) & Forecast (2021-2026)
6.6 Global Electronic Lab Notebook Market Breakup by Delivery Mode
6.7 Global Electronic Lab Notebook Market Breakup by Delivery Mode: Historical Market (2016-2020) & Forecast (2021-2026)
6.8 Global Electronic Lab Notebook Market by End User
6.8.1 Life Sciences Companies
6.8.3 Chemical Industry
6.8.4 Food and Beverage & Agriculture
6.8.5 Environmental Testing Laboratories
6.8.6 Petrochemical Refineries & Oil and Gas Industry
6.9 Global Electronic Lab Notebook Market by End User: Historical Market (2016-2020) & Forecast (2021-2026)
6.9.1 Life Sciences Companies
6.9.3 Chemical Industry
6.9.4 Food and Beverage & Agriculture
6.9.5 Environmental Testing Laboratories
6.9.6 Petrochemical Refineries & Oil and Gas Industry
6.10 Global Electronic Lab Notebook Systems Market Breakup by Region
6.10.1 North America
188.8.131.52 United States of America
184.108.40.206 United Kingdom
6.10.3 Asia Pacific
6.10.4 Latin America
6.10.5 Middle East & Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
6.11 Global Electronic Lab Notebook Systems Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.11.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.11.3 Asia Pacific
6.11.4 Latin America
6.11.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 Competitive Landscape & Supplier Analysis
9.1 Thermo Fisher Scientific Inc. (NYSE: TMO)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 LabWare, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 Bruker Corporation (NASDAQ: BRKR)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 Abbott Laboratories (NYSE: ABT)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 LabVantage Solutions, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6 LabLynx, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7 Benchling, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
10 Industry Events and Developments
In 2020, the global electronic lab notebook market attained a value of nearly USD 555.8 million.
The market is projected to grow at a CAGR of 5.2% between 2021 and 2026.
The major drivers of the industry, such as the development of automated laboratories, growing demand for quick data delivery and enhanced data quality, growing research and development activities across the globe, rising awareness regarding the benefits offered by electronic lab notebook, and strict regulatory compliances, are expected to aid the market growth.
The key market trends guiding the growth of the market include the growing technological advancements and the launch of improved and enhanced version of electronic lab notebooks with smart features.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Cross disciplinary and specific are the major electronic lab notebook products in the industry.
The leading license segments of the product in the market include proprietary and open electronic lab notebook licenses.
On-premise and web-hosted/cloud-based are the significant electronic lab notebook delivery modes in the industy.
Life sciences companies, CROs, chemical industry, food and beverage and agriculture, environmental testing laboratories, and petrochemical refineries, and oil and gas industry are the significant end user segments of the product in the market.
The major players in the industry are Thermo Fisher Scientific Inc., LabWare, Inc., Bruker Corporation, Abbott Laboratories, LabVantage Solutions, Inc., LabLynx, Inc., and Benchling, Inc., among others.
The global electronic lab notebook market attained a value of USD 555.8 million in 2020, driven by the rising shift towards automation and the growing acceptance of technology. Aided by the new product launches by the major industry players and rapid technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5.2%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product types, the electronic lab notebook industry can be bifurcated into cross disciplinary and specific segments. On the basis of license, the industry is divided into proprietary and open. By delivery modes, the industry is segmented into on-premise and web-hosted/cloud-based. Based on end user, the industry is segregated into life sciences companies, CROs, chemical industry, food and beverage and agriculture, environmental testing laboratories, and petrochemical refineries, and oil and gas industry, among others. The major regional markets for electronic lab notebook are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Thermo Fisher Scientific Inc., LabWare, Inc., Bruker Corporation, Abbott Laboratories, LabVantage Solutions, Inc., LabLynx, Inc., Benchling, Inc., and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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