Meticulous Research®, a prominent market research firm, released a report titled, ‘Europe 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.’
According to the latest report by Meticulous Research®, the European electronic lab notebook market is anticipated to reach $264.3 million by 2030, growing at a CAGR of 7% from 2023 to 2030. This market expansion is driven by factors such as increased R&D activities in the life sciences sector, greater adoption of automation in laboratories, advancements in laboratory informatics solutions, and the heightened need for regulatory compliance. Furthermore, the expanding use of cloud based ELNs is expected to create substantial growth opportunities in the forthcoming years.
However, the market growth may be somewhat limited by cost constraints and the reluctance to transition from traditional lab notebooks to electronic ones. Additionally, concerns about data security and privacy present significant challenges for companies in this market.
Key Players:
The main companies active in the European electronic lab notebook market include 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.).
Europe Electronic Lab Notebook Market: Outlook
The European electronic lab notebook market is categorized by product, technology, channel, and end user. The study also evaluates industry competitors and analyzes the market at the country level.
In 2023, based on product, the cross-disciplinary ELN segment is expected to hold the largest share of the electronic lab notebook market. This significant market share is due to R&D laboratories favoring flexible, generic ELNs over specific ones, as their research often spans multiple categories. Cross-disciplinary ELNs are in high demand because they address a wide range of scientific needs, are user-friendly, and cater to various disciplines.
In 2023, based on technology, the proprietary ELN segment is projected to experience the highest growth rate during the forecast period. This segment's substantial market share is attributed to more responsive service and support, enhanced security and reliability, frequent availability of new products and upgrades, and superior usability.
In 2023, based on channel, the web and cloud based ELN segment is anticipated to hold the largest share of the market. This dominance is attributed to factors such as affordability, minimal upfront costs, real-time data analysis capabilities, storage flexibility, efficiency, scalability, and accessibility.
In 2023, based on end user, the pharmaceutical company’s segment is expected to command the largest share of this market. This significant market share is attributed to the increasing regulatory pressures on pharmaceutical companies to maintain data integrity, validity, and security. Additionally, growing R&D activities and the need to enhance laboratory productivity and cost efficiency drive pharmaceutical companies to invest in ELN solutions.
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Key questions answered in the report:
• What are the high-growth market segments by product, technology, channel, end user, and country?
• What was the past market size of electronic lab notebook solutions throughout Europe?
• What are the market forecasts and estimates for the period 2023–2030?
• What are the projected market forecasts and estimates for the period between 2023 and 2030?
• Who are the key players in the European electronic lab notebook market?
• What does the competitive landscape look like, and which companies are leading in the European electronic lab notebook market?
• What are the latest advancements or updates in the European electronic lab notebook market?
• What strategies are being employed by the major players in the European electronic lab notebook market?
• What are the regional patterns and countries experiencing significant growth within Europe?
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