Meticulous Research®, a prominent market research firm, released a study titled ‘North America Electronic Lab Notebooks 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.’
As per the recent report by Meticulous Research®, the electronic lab notebooks market in North America is expected to achieve a value of $372.7 million by 2030, with a compound annual growth rate (CAGR) of 6.8% between 2023 and 2030. The market's expansion is fueled by factors like heightened research and development endeavors in the life sciences sector, increased adoption of automation in labs, advancements in laboratory informatics solutions, and the growing imperative to adhere to regulatory standards.
Furthermore, the expanding realm of cloud-based electronic lab notebooks (ELNs) and the incorporation of artificial intelligence are anticipated to present substantial opportunities for market participants throughout the forecast period.
However, limitations related to costs and the hesitance to transition from traditional lab notebooks to electronic ones are likely to hinder the market's expansion. Moreover, challenges such as interfacing and integration issues, as well as concerns regarding data security and privacy, pose significant obstacles to market growth.
Key Players
Major players in the North American electronic lab notebooks 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.), among others.
North America Electronic Lab Notebooks Market: Outlook
The electronic lab notebooks market in North America is segmented according to product type, technology, distribution channel, end-user industry, and geographical region. The report also assesses competitors within the industry and provides a country-level analysis of the market.
Based on product, in 2023, the cross-disciplinary segment is projected to dominate the North American electronic lab notebooks market. This dominance is primarily due to the versatility of cross-disciplinary ELNs in serving various scientific disciplines, thereby meeting diverse research requirements. Additionally, cross-disciplinary ELNs offer benefits such as decreased IT expenses, comprehensive organization data views, secure storage of intellectual property, enhanced workflow management across different fields, improved collaboration among research sectors, and effective utilization of information for strategic decision-making.
Based on technology, in 2023, the proprietary ELN segment is projected to hold the majority share of the North American electronic lab notebooks market. This significant market share is credited to the benefits associated with proprietary ELNs, including software ownership, prompt and effective support services, a wide range of features, and the capability for customization based on specific needs.
Based on channel, in 2023, the web and cloud based ELN sector is anticipated to hold the predominant portion of the North American electronic lab notebooks market. This significant market share is credited to the cost-efficiency, real-time analytical capabilities, seamless integration with various systems and software, convenient data accessibility, both internally and externally, as well as the flexibility and scalability provided by web and cloud-based ELNs.
Based on end user, in 2023, the pharmaceutical company’s segment is forecasted to dominate the North American electronic lab notebooks market. This substantial market share is driven by the rising uptake of transformative technologies, such as lab informatics, and the swift digital evolution within the pharmaceutical sector.
Geographic Review:
This research report examines the electronic lab notebooks market in North America, focusing on individual countries such as the United States and Canada. By 2023, it is anticipated that the United States will hold the majority share of the North American electronic lab notebooks market. This dominance is attributed to several factors including the robust economy of the U.S., its capacity to invest in new and advanced technologies, stringent government regulations encouraging the implementation of data management systems in laboratories across various industries, a high level of laboratory automation, the presence of leading ELN vendors, increasing demand for integrating laboratory systems, and the rapidly growing adoption of cloud based ELN solutions.
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5604
Key Questions Answered in the Report:
• Which market segments show notable growth potential in terms of product, technology, distribution channel, end-user industry, and geographical region?
• What was the past market size of electronic lab notebooks in North America?
• What are the projected market forecasts and estimations for the timeframe spanning from 2023 to 2030?
• What are the key factors motivating, limiting, offering prospects, and posing obstacles in the electronic lab notebooks market in North America?
• Who are the prominent participants in the electronic lab notebooks market in North America?
• What does the competitive scenario look like, and which companies hold leading positions in the electronic lab notebooks market in North America?
• What are the latest advancements or updates in the electronic lab notebooks market in North America?
• What strategies are being employed by key players in the electronic lab notebooks market in North America?
Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research