Electronic Lab Notebook Market Scope
Electronic laboratory notebooks (ELN) is a computer programmed device, that is capable of storing the info associated with the laboratory experiments or researches. Additionally, it permits the user to access the keep information for future reference and information sharing with alternative users. it's not solely a replacement of laboratory paper notebook however conjointly helps within the management of knowledge in an orderly manner and provides security. Electronic laboratory notebooks (ELNs) square measure speedily substitution laboratory paper notebooks because it enables researchers and scientists in higher information management, regulative compliance, avoid information loses, eliminate work forgery, and data mining processes
According to AMA, the Global Electronic Lab Notebook market is expected to see growth rate of 6.5%
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Electronic Lab Notebook market throughout the predicted period.
Arxspan (United States), Dassault Systemes (France), LabArchives (United States), LabWare Inc. (United States), Thermo Fisher Scientific Inc. (United States), Abbott Informatics (United States), PerkinElmer Inc. (United States), Labii Inc. (United States), ID Business Solutions (United Kingdom), KineMatik Inc. (United States), Agilent Technologies Inc. (United States), Benchling Inc. (United States), Bio-ITech BV (eLabJournal) (United States), Lab-Ally LLC (United States) and Labfolder GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are LabLynx Inc. (United States), LABTrack, LLC (United States), LabVantage Solutions Inc. (United States), Mestrelab Research (Spain), RURO Inc. (United States), SciNote LLC (United States) and Seqome Limited (Ireland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Electronic Lab Notebook market by Type (Specific ELN and Non-Specific ELN), by Application (Pharmaceuticals, Chemicals, Life Sciences and Institutional Research Laboratories) and Region with country level break-up.
On the basis of geography, the market of Electronic Lab Notebook has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
California Consumer Privacy Act (CCPA) is passing a law for protection of data in United States which will be effective by January, 2020. It is expected to be country’s highest commendable security and privacy law. Also, SEC is taking risk prohibiting steps to overcome breaches in financial sectors specific to public listed companies to increase risk assurance
Market Trend
- To Maintain and Safe Secure the Records Related to the New Inventions of Drugs
- Increasing Adoption of Automation and Informatics in Life Sciences and Other Industrial Laboratories
Market Drivers
- Increasing Demand Among the Scientists and Researchers Working in Various Sector
- Surging Huge Investment in R&D Activities
- Growing Need for Efficient Laboratory Data Management
Opportunities
- Increasing Digitalization Across the Globe
- Surging Adoption of Cloud-Based ELN
Restraints
- Adaptability of Electronic Lab Notebooks in the Academic Research is Low Due to Security to the Intellectual Property
Challenges
- Concerns Data Security & Privacy Protection Concerns
Key Target Audience
Electronic Lab Notebook Vendors, Healthcare IT Service Providers, Pharmaceutical and biotechnology companies, Process Industries, Government Agencies, Academic Research Institutes and Others