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.
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Details of Report @
https://www.grandviewresearch.com/industry-analysis/electronic-lab-notebook-eln-market
Further key findings from the report suggest:
·
In June 2020,
LabWare, Inc., recognized worldwide as the leader in enterprise laboratory
automation software, announced the production release of LabWare 8. LabWare
8 is the foundation for the company’s unique Enterprise Laboratory Platform
which brings together the capabilities of a Laboratory Information Management
System (LIMS) and an Electronic Laboratory Notebook (ELN) in a single
comprehensive solution. LabWare 8 is the most adaptable and functionally
complete LIMS system and offers a proven solution for any size laboratory. This
new launch gives Electronic Lab Notebook a substantial upgrade in terms of
capabilities and is definitely going to boost the demands of the market.
·
In June 2020,
Dotmatics Ltd., a scientific informatics software and services company
announced that it entered into an agreement to acquire BioBright LLC, a leader
in automating the flow of data from laboratory instruments to a secure cloud. The
acquisition will create a unique combination of lab data capture, data
processing, electronic lab notebook, and data analytics capability from a
single supplier. All data coming from instruments, users, or CROs will flow
into a centralized informatics platform and through end-to-end workflows, allow
scientists to increase lab efficiency and make better-informed decisions. This
acquisition has potential to digitalize the lab and make for itself a ‘Lab of
the Future’.
·
In February
2020, LabVantage Solutions, a provider of laboratory informatics solutions and
services including purpose-built LIMS solutions that allow labs to go live
faster and at a lower total cost, announced that its platform is now available
as a Software-as-a-Service (SaaS) package. At a simple subscription
fee, it enables the customers to avail themselves of entire LabVantage
platform, which includes - laboratory information management system (LIMS),
electronic laboratory notebook (ELN), laboratory execution system (LES), and
scientific data management system (SDMS). This builds up demand for the already
popular platform in the market and boosts its business and growth.
·
In May 2019,
Labfolder GmbH, a leading electronic laboratory notebook (ELN, Electronic Lab
Notebook) provider, and Cubuslab GmbH, a leading provider of a
manufacturer-independent platform for the digital integration of laboratory
instruments, announced their merger. The joint company
operated under the name Labforward GmbH. Both existing branch offices - Berlin
and Karlsruhe - were retained. The cubuslab products and the competences of the
cubuslab team together with the strengths of labfolder paved the way for an
important strategic development, leading to better growth for the ELN market in
the coming years.
·
In March 2019,
Bruker Corporation announced that it had acquired Arxspan LLC, a provider of
cloud-based scientific software and workflow solutions, based
in Southborough, Massachusetts. Arxspan was known for its
line of cloud-based products for the management of research data under the
Arxlab brand. The company has a focus on serving pharmaceutical and
biopharma customers. Arxspan’s high demanding products including its Electronic
Lab Notebook and its associated software is going to be in the hands of Bruker
to see through and along with that it also got access to new set of clients and
region to handle.
·
In May 2018,
Agilent technologies completes the acquisition of Lausanne, Switzerland-based
Genohm, a developer of highly differentiated, on-premise and cloud-based
software solutions for laboratory management. Genohm’s main
laboratory software automation suite, SLIMS, is a digital platform that
provides laboratories with a rapidly deployable and seamless laboratory
information management system (LIMS) and electronic lab notebook (ELN)
environment that is used in biobanks, research labs and next gen sequencing
facilities. This acquisition enhanced Agilent’s current software
portfolio, adding LIMS and workflow management, while expanding ELN capability.
This combination allows Agilent to bring greater context to analytical data,
enabling scientists to generate results more efficiently.
·
In June 2017,
Thermo Fischer Scientific completes the acquisition of Core Informatics, which
provides a cloud-based platform supporting scientific data management. Core’s
offerings significantly enhanced Thermo Fisher’s existing informatics solutions
and complemented its cloud platform, which supported the company’s genetic
analysis, qPCR and proteomics systems. Core’s capabilities included laboratory
information management systems (LIMS), electronic laboratory notebook (ELN)
technologies and scientific data management solutions (SDMS).
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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