Compound Management Market Size, Share & Trends Analysis Report By Type (Products, Service), By Sample Type, By Application (Drug Discovery, Gene Synthesis), By End-use, By Region, And Segment Forecasts, 2023 - 2030

Compound Management Market Size, Share & Trends Analysis Report By Type (Products, Service), By Sample Type, By Application (Drug Discovery, Gene Synthesis), By End-use, By Region, And Segment Forecasts, 2023 - 2030

Compound Management Market Growth & Trends

The global compound management market size is expected to reach USD 1.5 billion by 2030, expanding at a CAGR of 15.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing biopharmaceutical industry and biobanking sector are fuelling market growth. The growth of translational research and personalized medicine is driving the market.

Efficient compound management is tremendously important for the success of drug discovery, where traceability, reliability, speed, and throughput are fundamental. Maintaining samples at the precise temperature, under nitrogen or dry air to prevent fluctuations of stock concentrations, and in a dark environment to avoid photodegradation, can help ensure the consistency and longevity of samples.

Compounds of high integrity led to reliable results while locating drug candidates. Moreover, the collection, storage, and distribution of human biological samples support the development of the R&D industry. In addition, it aids to understand the mechanisms of diseases as well as supports the trend to provide personalized medicines.

Automated storage systems eliminate or reduce the risks and provide reliable and correct environmental conditions to protect samples from precipitation or degradation. A management system like Verso tracks sample data, including location and type, which enables the quick and easy finding of the sample.

The fully automated systems improve the process of drug discovery by eliminating error-prone and time-consuming tasks. The development of new technologies for compound screening, such as high-throughput screening (HTS), has led to an increase in the number of compounds that need to be managed. This has driven the growth of the compound management industry.

North America dominated the market in 2022 owing to a strong base of biotechnology and pharmaceutical companies in the region. These companies are involved in drug discovery activities, which, in turn, led to the growth of the market in the region. The Asia Pacific market is anticipated to grow fast over the forecast period. This is attributed to ongoing studies undertaken via private-public collaborations, drug discovery, and government initiatives in the region.

Compound Management Market Report Highlights

• The automated compound/sample storage systems segment was the largest in 2022, accounting for 43.5% of the market share. This is attributed to its ability to eliminate or reduce errors and save time
• Based on sample type, chemical compounds dominated the market in 2022 with the largest share of 52.6% due to the increasing drug discovery activities. It has resulted in an increased demand for compounds and positively affects the market growth
• The biobanking segment is anticipated to exhibit the fastest CAGR of 17.3% over the forecast period. The number of organizations involved in the collection and storage of human biomaterials keep growing, in line with the increasing use of human biomaterials in research as a replacement for animal models. This is anticipated to support the market growth
• North America led the market owing to the presence of large biopharmaceutical companies engaged in drug discovery and their requirement of huge maintenance for chemical libraries. Thus, to maintain the productivity of such biologics and drugs, most of the leading biopharma and pharma companies have started building storage facilities

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