Global Electronic Lab Notebook Market By Product (Cross-disciplinary and Specific), By License (Proprietary and Open), By Delivery Mode (On-premise and Cloud-based), By End-User (Life Sciences, Food and Beverages & Agriculture Industries, CRO’s, Academic Research, and Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

The Global Electronic Lab Notebook Market size is expected to be worth around USD 1,164.70 Million by 2032 from USD 570.2 Million in 2022, growing at a CAGR of 7.60% during the forecast period from 2023 to 2032.

An electronic lab notebook is a computer program designed to change paper laboratory notebooks. Lab notebooks are generally used by technicians, scientists, and engineers. A lab notebook is frequently maintained to be a legal document and may be utilized in a court of law as evidence. Electronic lab notebooks deliver various benefits to the user along to organizations.

It is also known as a software tool in its most simple form, repeating a border much similar to a page in a paper lab notebook. Electronic lab notebooks can offer various advantages, such as providing data security, supporting auditing, and assisting good data management practices. Electronic lab notebook delivers the customer a way and way to store and process the data. It may enter observations, protocols, and notes using computers.

Driving Factors

The Increasing Demand for Better Data Management in Several Business Verticals to Drive the Electronic Lab Notebooks Market Growth

The increasing usage of high throughput technology has made it possible to assess experimental results effectively, improving the effectiveness of overall lab operations. The major factors driving the market growth include rising R&D activities in the life science industry, the increasing usage of automation in laboratories, and the technological advancements in lab informatics increasing the demand to comply with regulatory frameworks. Healthcare procedures are now repeatable and reproducible because of the growing approval of robotics and procedure automation.

Virtual and electronic laboratories are necessary for life sciences organizations to develop new products, enhance quality, and raise operational performance. Over the course of the forecast period, the aforementioned factors are anticipated to drive the market growth. Increasing digitalization, particularly in emerging countries such as China and India, is another factor that propels market growth.

The increasing demand for effective data management across a number of industry verticals is projected to drive market growth. The key factor fueling the market growth is the increasing pressure to adhere to regulatory frameworks. Manufacturing needs vigorous systems that promote collaboration due to its complicated interactive procedures and approaches.

Restraining Factors

High Cost Related to Devices Hamper Market Growth

High costs related to the devices will hinder market growth. High spending required for R&D activities will further hamper the market growth. Additionally, the lower number of market players supplying electronic lab notebooks and the maintenance costs of these devices are the factors restraining the overall market growth.

Increasing costs for IT infrastructure upkeep, as well as training, are estimated to show the slow growth of the global electronic lab notebook market. Developers of Electronic lab notebook software have to adapt their programs to the strict rules of several governments, thus constraining market growth.

Growth Opportunities

Approval of Electronic Lab Notebook in the Academic Sector is Anticipated to Offer Lucrative Opportunities

Approval of Electronic lab notebook in university has been slow even though Electronic lab notebook is an efficient internal and external partnership tool for the individual research team. It delivers real-time information sharing across several groups and organizations. Increasing endorsement of cloud-based technology delivers major opportunities for the market.

Factors such as integration with other systems and software, cost-effectiveness, and real-time analysis offer lucrative opportunities in the market. The approval of electronic lab notebooks is increasing rapidly in emerging countries as R&D development activities rise. Opportunities exist for Electronic lab notebook competitors to enter and enhance their presence in the market expansion.

Latest Trends

Integration with Artificial Intelligence and Machine Learning and Machine is the Global Trend in the Market

Electronic lab notebooks incorporate AI and machine learning abilities to automate data analysis, suggest experimental protocols, and provide insights. The market is witnessing a trend of increased mobile availability, with electronic lab notebook competitors developing mobile applications for researchers to access and interact with their lab notebooks.

Electronic lab notebooks incorporate advanced data analytics and visualization tools to facilitate data interpretation and presentation. Good laboratory practices in pharmaceutical industries and life science are the trend for several stakeholders in the market.

By Product Analysis

Cross-disciplinary Segment to Witness Significant Growth

The global electronic lab notebook market is divided into cross-disciplinary and specific. The cross-disciplinary segment accounted for the highest market revenue share of 53.8% in 2022. Due to the widespread use of cross-disciplinary electronic laboratory notebooks. Attributable to the R&D laboratories selecting flexible generic electronic lab notebooks over specific ELNs as their research does not stringently classify as they encounter a wide range of scientific demands, are easy to utilize, and provide to numerous disciplines. It also has other benefits, such as lower IT overheads, standards throughout the organizations, safe storage, and shared data collection processes.

The specific segment accounted for the maximum market revenue share during the forecast period. It is easy to access and allows for greater misuse of shared data. This data is only applicable to one discipline. It increases the efficiency of one research function, and data sharing is limited to a particular team.

By License Analysis

The Proprietary Segment Dominates the Market Growth of the Electronic Lab Notebook Market

Based on license, the global electronic lab notebook market is categorized into proprietary and open. The proprietary segment accounted for the highest market revenue share in 2022. Due to the more responsive support, better security and reliability, frequent accessibility of novel products and upgrades, and better usability. It is also more secure as related to open source. The software’s vendor keeps track of the source code, which includes definite key features.

The open segment is dominating during the historical period and is estimated to hold fewer feature options during the forecast period; the source can be used, modified, and shared under defined terms. Open source can be used by scientists to prepare, examine, and plan experiments as well as to access relevant data. For Instance, open source is an Indigo electronic lab notebook. It is Pfizer’s based internal chemistry lab notebook.

By Delivery Mode Analysis

Based on the delivery mode, the global electronic lab notebook market is segmented into on-premise and cloud-based. Among these, the cloud-based segment holds the highest market revenue share of 62% in 2022. Due to the advantages, cloud-based electronic lab notebook software is being used increasingly generally by CROs. This includes low labor costs, more storage, access to medical data, and a more streamlined ecosystem.

The on-premise segment held the maximum revenue share in 2022. On-premise services include the installation of services and solutions on computers present within the organization. It generally requires additional investment considering hardware acquisitions, general overhead, and IT support. Some of the most used cloud-based electronic lab notebook software is from Lab-Ally, Biosistemika, LabArchives, and Benchling.

By End-User Analysis

The Pharmaceutical Segment Dominated the Electronic Lab Notebook Market

Based on the end-user, the global electronic lab notebook market is divided into life sciences, food and beverages & agriculture industries, CROs, academic research, and others. Among these, the pharmaceutical segment is anticipated to hold the highest revenue share of 38.5% in 2022. Pharmaceutical industries are important adopters of electronic lab notebook software in current years. The companies prefer the software to use mainly to save the data securely. For pharmaceutical companies, the monitoring stress is increased to keep validity, security, and data integrity.

The life sciences segment accounted for the maximum revenue share during the forecast period. Due to the increase in demand for electronic lab notebooks to improve product quality, raise operational efficiency, and create innovative products. These needs are being met by the rising demand for electronic and virtual laboratories.

Key Market Segments

By Product

• Cross-disciplinary
• Specific

By License

• Proprietary
• Open

By Delivery Mode

• On-Premise
• Cloud-based

By End-User

• Lifesciences
• Food and Beverages & Agriculture Industries
• CRO’s
• Academic Research
• Pharmaceutical
• Other End-Users

COVID-19 Impact Analysis

The COVID-19 outbreak resulted in great limitations of social distancing and an alteration to work from home. The life sciences and pharmaceutical companies could easily adapt to the transition of electronic lab notebooks, which can be worked from home. The investigator’s cloud reviews easily, support and drive the companies to accept and organize electronic lab notebooks in their administrations.

Additionally, the COVID-19 pandemic led companies to concentrate on advancing prevailing products for enhanced presentation, launching novel products, and offering abilities in the market to meet the rising need and benefit investigators and scientists in terms of efficacy and productivity.

Regional Analysis

North America Dominates the Global Electronic Lab Notebook Market During the Forecast Period

North America accounted for a significant electronic lab notebook market revenue share of 35%, due to the technologically advanced infrastructure in the North America region. The policies that support the deployment of Electronic Lab Notebooks within laboratories are another factor driving the growth of this region. Attributable to the infrastructure’s cutting-edge technological abilities. Additionally, policies encouraging the usage of Electronic lab notebooks are contributing major factors for the market growth.

Asia-Pacific is anticipated to witness maximum growth in 2022. Owing to the expanding presence of CROs in this region. One of the major factors prompting the growth is the affordable accessibility of highly qualified specialists. Japan’s Ministry of Health and Welfare has introduced initiatives to enhance existing healthcare infrastructure.

Key Regions and Countries

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America

• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Key Players Analysis

The Key players consistently take part in strategic efforts such as the introduction of novel products, mergers & acquisitions, technical breakthroughs, and partnerships. Companies created technologically sophisticated platforms, including cloud-based electronic lab notebooks and advanced products with better usability, to obtain an advantage over competitors.

Various market players are inclined to invest heavily in lab automation technology R&D practices to uncover increased applications of electronic lab notebooks. With the usage of technology, consumers are also focused on reducing the cost of electronic lab notebooks and the consumer’s satisfaction for captivating a rising consumer base.

Some of the prominent key players in the electronic lab notebook market include Bruker Corporation, PerkinElmer, Inc., Abbott, Danaher Corporation, Agilent Technologies, Inc., Accelyrs, Inc., and other key players.

Top Key Players:

• Bruker Corporation
• PerkinElmer, Inc.
• Accelrys, Inc.
• Agilent Technologies, Inc.
• Waters Corporation
• Core Informatics, LLC
• Abbott
• Danaher Corporation
• Thermo Fisher Scientific Inc.
• LabWare
• Other Key Players

Recent Developments:

• September 2022- AgiLab, a supplier of a combined laboratory numeral stage, linked the Tetra Partner Network, conferring with TetraScience, the Scientific Data Cloud company. This determination allows Tetra Science’s biopharmaceutical consumers to maximize quality control methods and quicken R&D efficiency.
• August 2022- LabKey announced an electrical lab notebook with information connectivity to help in the merging of scientific research, data, and terms. The LabKey Electronic Lab Notebook dismisses the corporate misunderstanding about Electronic Lab Notebooks by giving scientists a user-friendly tool for recording experiments.

Report Scope: