The global electronic lab notebook market size is expected to reach USD 768.2 million by 2026, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.8% during the forecast period. 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.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/electronic-lab-notebook-eln-market
Electronic Lab
Notebook Market Report Highlights
- Increasing
demand for automation in lab activities are anticipated to create growth
opportunities in near future
- Cross
disciplinary accounted for the largest revenue share of the product
segment in 2018, owing to its usage in multiple disciplines and other
added advantages such as customized features and coordination across the
domain
- Web
hosted/cloud based delivery mode held the largest share of electronic lab
notebook market in 2018 owing to its real time data analysis, remote
access, and reduced IT manpower
- Proprietary
held the largest revenue share of the license segment due to the
increasing adoption in life science and pharmaceutical industries as
compared to open source ELN
- North America
held the dominant market share in 2018, due to supportive government
initiatives and presence of large number of industry players
- Asia Pacific
is anticipated to witness lucrative growth due to increase in number of
CROs and untapped opportunities
- Some of the
key companies are Thermo Fisher Scientific, Inc.; Core
Informatics;Arxspan, LLC; LabVantage Solutions, Inc.; Benchling, Inc.;
LabLynx, Inc.; Agilent Technologies; Dassault Systemes SE; KineMatik Inc.;
and Abbott Informatics
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About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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