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North America Electronic Lab Notebook Market by Product (Cross-disciplinary, Specific), Technology (Proprietary, Open-source), Channel (Web & Cloud-based, On-premise), End User (Pharmaceutical, Biotech, CROs, Academia/Research, F&B) - Forecast to 2030
Report ID: MRHC - 104921 Pages: 120 Jul-2024 Formats*: PDF Category: Healthcare Delivery: 24 to 72 Hours Download Free Sample ReportThe North America Electronic Lab Notebooks Market is projected to reach $372.7 million by 2030, at a CAGR of 6.8% from 2024 to 2030. Electronic lab notebooks allow users to store and process data. Users can enter protocols, observations, notes, and other data using a computer or smart device. Electronic lab notebooks enable good data management practices and provide data security.
The growth of this market is driven by the increasing R&D activities in the life sciences industry, the growing use of automation in laboratories, technological advancements in laboratory informatics solutions, and the rising need to comply with regulatory frameworks. In addition, the growing scope of cloud-based ELNs and the integration of artificial intelligence are expected to generate market growth opportunities in the coming years.
However, cost constraints and the reluctance to replace traditional lab notebooks with electronic lab notebooks may restrain the growth of this market to some extent. Also, data security & privacy concerns are a major challenge for the players operating in this market.
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Laboratory automation and the emergence of new technological solutions have transformed research for scientists and lab professionals. The laboratory automation industry has steadily evolved from automating routine pipetting tasks to fully-integrated workstations that provide total application solutions.
Factors such as the increasing pressure to abide by regulations, improving lab infrastructure in both developed and developing countries, progressing drug discovery, outsourcing of research to CROs, and the need to improve efficiencies and have a competitive edge in the market are encouraging laboratories in North America to adopt lab automation technologies.
With the increasing automation of laboratories, it is essential to manage increasing volumes of data faster. This has created the need for efficient data storage, analysis, and sharing solutions such as electronic lab notebooks. Electronic lab notebooks can significantly improve the effectiveness and efficiency of laboratory operations. Thus, the increasing penetration of laboratory automation is expected to boost the adoption of electronic lab notebooks in North America.
Data Security & Privacy Concerns to Hinder Market Growth
Data security & privacy are crucial aspects of highly regulated industries, including pharmaceuticals, biotechnology, and food & beverage. Increasing digitization has revolutionized the functioning of laboratories with the high adoption of laboratory data management systems. With the growing adoption of electronic lab notebooks among laboratories, laboratory data privacy & security have become the greatest concerns. Laboratory data consists of confidential research information or sensitive personal information, which is vulnerable to cyberattacks, which can be executed in multiple ways—through software access, physical access, access by privileged users, and manipulation by technicians. Additionally, outdated systems and technology can expose vulnerabilities in the data security structures of laboratories, increasing risks.
Thus, concerns related to data privacy and security limit the adoption of electronic lab notebooks in North America, impacting market growth.
The Cross-disciplinary ELN Segment to Dominate the North America Electronic Lab Notebooks Market in 2024
Based on product, the electronic lab notebooks market is segmented into cross-disciplinary ELN and specific ELN. In 2024, the cross-disciplinary ELN segment is expected to account for the larger share of the North America electronic lab notebooks market. The large market share of this segment is attributed to R&D laboratories’ higher preference for flexible generic ELNs over specific ELNs, as their research doesn’t strictly classify into one single category. Cross-disciplinary ELNs are in high demand as they meet a broad range of scientific needs, are easy to use, and cater to multiple disciplines.
The Proprietary ELN Segment to Dominate the North America Electronic Lab Notebooks Market in 2024
Based on technology, the electronic lab notebooks market is segmented into proprietary ELN and open-source ELN. In 2024, the proprietary ELN segment is expected to account for the larger share of the North America electronic lab notebooks market. This segment's large market share is attributed to the more responsive service/support, better security and reliability, greater availability and upgrades, and better usability of proprietary ELN.
The Web & Cloud-based ELN Segment to Dominate the North America Electronic Lab Notebooks Market in 2024
Based on channel, the electronic lab notebooks market is segmented into web & cloud-based ELN and on-premise ELN. In 2024, the web & cloud-based ELN segment is expected to account for the larger share of the North America electronic lab notebooks market. The large market share of this segment is attributed to the affordability, minimum upfront cost, real-time data analysis capabilities, storage flexibility, efficiency, scalability, and accessibility of web & cloud-based ELN.
The Pharmaceutical Companies Segment to Dominate the North America Electronic Lab Notebooks Market in 2024
Based on end user, the electronic lab notebooks market is segmented into pharmaceutical companies, biotechnology companies, contract research organizations (CROs), academic/research institutes, food & beverage companies, and other end users. In 2024, the pharmaceutical companies segment is expected to account for the largest share of the North America electronic lab notebooks market. The large market share of this segment is attributed to growing regulatory pressures on pharmaceutical companies to maintain data integrity, validity, and security. Moreover, growing R&D activities and the increasing need to improve laboratory productivity and cost efficiency encourage pharmaceutical companies to invest in ELN solutions.
Key Players
The report includes a competitive landscape based on an extensive assessment of the strategies adopted by key players. The leading players operating in the North America electronic lab notebooks market are Abbott Laboratories (U.S.), Agilent Technologies, Inc. (U.S.), Arxspan, LLC (U.S.), Benchling, Inc. (U.S.), Eppendorf AG (Germany), Dassault Systemes SE (France), ID Business Solutions (IDBS) Ltd. (U.K.), KineMatik Inc. (U.S.), Lab-Ally, LLC (U.S.), Labforward GmbH (Germany), Labii Inc. (U.S.), LabArchives, LLC. (U.S.), LabLynx, Inc. (U.S.), LABTrack, LLC. (U.S.), LabWare, Inc. (U.S.), Mestrelab Research, S.L. (Spain), PerkinElmer, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), and Waters Corporation (U.S.), among others.
Scope of the Report:
North America Electronic Lab Notebooks Market Assessment, by Product
North America Electronic Lab Notebooks Market Assessment, by Technology
North America Electronic Lab Notebooks Market Assessment, by Channel
North America Electronic Lab Notebooks Market Assessment, by End User
North America Electronic Lab Notebooks Market Assessment, by Geography
Key Questions Answered in the Report:
This market study covers the market sizes & forecasts for the North America electronic lab notebooks market based on product, technology, channel, end user, and geography. This market study also provides the value analysis of various segments and subsegments of the North America electronic lab notebooks market at the country level.
The electronic lab notebooks market is projected to reach $372.7 million by 2030, at a CAGR of 6.8% during the forecast period of 2024–2030.
Based on product, the market is segmented into specific ELN and cross-disciplinary ELN. In 2024, the cross-disciplinary ELN segment is expected to account for the larger share of the North America electronic lab notebooks market.
Based on technology, the North America electronic lab notebooks market is segmented into proprietary ELN and open-source ELN. In 2024, the proprietary ELN segment is expected to account for the major share of the North America electronic lab notebooks market.
Based on channel, the North America electronic lab notebooks market is segmented into on-premise ELN and web & cloud-based ELN. In 2024, the web & cloud-based ELN segment is expected to account for the larger share of the North America electronic lab notebooks market.
Based on end user, the North America electronic lab notebooks market is segmented into biotechnology companies, pharmaceutical companies, contract research organizations (CROs), academic research institutes, food & beverage companies, and other end users. In 2024, the pharmaceutical companies segment is expected to account for the largest share of the North America electronic lab notebooks market.
The digital transformation of laboratories, increased automation in laboratories, rising R&D expenditures, and the need to comply with regulatory frameworks are factors supporting the market's growth. Furthermore, the growing scope of cloud-based ELNs is expected to generate growth opportunities for market stakeholders.
Cost restraints and a reluctance to replace traditional lab notebooks with electronic lab notebooks, and challenges regarding interface and integration issues, as well as data security and privacy concerns, are expected to hinder the growth of this market to a certain extent.
The key players operating in the North America electronic lab notebooks market are Abbott Laboratories (U.S.), Agilent Technologies, Inc. (U.S.), Arxspan, LLC (U.S.), Benchling, Inc. (U.S.), Eppendorf AG (Germany), Dassault Systemes SE (France), ID Business Solutions (IDBS) Ltd. (U.K.), KineMatik Inc. (U.S.), Lab-Ally, LLC (U.S.), Labforward GmbH (Germany), Labii Inc. (U.S.), LabArchives, LLC. (U.S.), LabLynx, Inc. (U.S.), LABTrack, LLC. (U.S.), LabWare, Inc. (U.S.), Mestrelab Research, S.L. (Spain), PerkinElmer, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), and Waters Corporation (U.S.).
Published Date: Jul-2024
Published Date: Jul-2024
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