Electronic Lab Notebook Market Size, Share, Growth Analysis, By Product(Cross Disciplinary, Specific), By Delivery Mode(On-premises, Web-hosted/Cloud-based), By License(Proprietary, Open), By End-Use(Life Sciences, CROs, Chemical Industry, Food and Beverage and Agriculture Industries), By Region - Industry Forecast 2024-2031

Global Electronic Lab Notebook Market size was valued at USD 540 million in 2022 and is poised to grow from USD 566.46 million in 2023 to USD 830.56 million by 2031, growing at a CAGR of 4.90% during the forecast period (2024-2031).

An electronic lab notebook (ELN) is a software solution developed as an alternative to traditional paper lab notebooks. ELN encourages businesses to digitise their laboratory data and provides advantages like simple data search, teamwork, effective data management, and data protection and centralization. Backups and data copying are made easier with an electronic lab notebook that allows direct instrument data incorporation. Growing use of robotics and process automation in healthcare has made operations reproducible and repeatable. The experimental setup, execution, and analysis can now be completed faster. High throughput systems are becoming more widely used, which has made it possible to evaluate experimental results effectively, improving laboratory operations generally. The user-friendly ELN interface makes it possible to search for data and easily navigate an inventory that is connected to the lab notes.

Researchers working in the research and development departments of pharmaceutical, chemical, and healthcare organisations frequently use electronic lab notebooks because these departments conduct a lot of experiments that are documented and shared among scientists. Better data management, the prevention of data losses, the elimination of work forgery, and ease of searching and data mining are some potential advantages of an electronic lab notebook. The electronic lab notebook, which is still a crucial component of laboratory informatics strategy, is widely used by scientists and researchers, proving that it is a useful product on the market.

US Electronic Lab Notebook Market is poised to grow at a sustainable CAGR for the next forecast year.