Electronic Lab Notebook Market Will Reach $768.2 Million by 2026

The global electronic lab notebook market size is expected to reach $768.2 million by 2026, according to a new report by Grand View Research. 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.