Global Compound Management Market Size, Share & Industry Trends Analysis Report By Type, By Application, By Sample Type (Chemical Compounds and Bio Samples), By End User, By Regional Outlook and Forecast, 2022 - 2028

Global Compound Management Market Size, Share & Industry Trends Analysis Report By Type, By Application, By Sample Type (Chemical Compounds and Bio Samples), By End User, By Regional Outlook and Forecast, 2022 - 2028

The Global Compound Management Market size is expected to reach $1.1 billion by 2028, rising at a market growth of 15.5% CAGR during the forecast period.

Compound management comprises maintaining the chemical libraries, which includes robotics for chemical retrieval and database updates of chemical information. It also includes restoring out-of-date chemicals and maintaining the quality of the storage environment. Compound Control is another name for compound management.

Compound Management provides the infrastructure and logistics that aid in managing research compounds. It aids in the development of new drugs, and entails the logistics of storing, preparing, and evaluating compounds for testing as well as dispensing them during the drug discovery process. To avoid significant ripple effects that could prevent the release of treatments that are feasible and effective, compound management must be handled properly and meticulously. Due to the impact of using the incorrect chemical for comparison, inaccurate compound concentrations, or testing.

Compound collection management is made simpler, sample integrity is guaranteed, and turnaround times for samples are sped up through automated storage options. Additionally, novel high-throughput screening methods are now supported by advancements brought about by new computerized sample management technology. Fully automated processes for assay plate preparation, molecular weighing and dissolution, and library maintenance greatly enhance drug discovery workflows by reducing labor-intensive and error-prone processes.

COVID-19 Impact Analysis

Despite the decrease in COVID-19 incidences, the importance of COVID-19 vaccinations has increased significantly. The demand for COVID-19 vaccinations is rising as a result of the concern that a new COVID-19 variation would emerge. As a result, numerous pharmaceutical companies are creating vaccines. This is probably going to increase demand for COVID-19 vaccine compound management. The majority of COVID-19 medications and vaccines were in development during the pandemic. However, according to the Pharma R & D annual assessment for 2022, the two main pharmaceuticals in development at the time were biotechnology and anticancer medications. Due to the increased demand for biotechnology and anticancer medications, the drug pipeline for these substances is anticipated to improve in the upcoming years. The Compound Management market is anticipated to be significantly affected by COVID 19.

Market Growth Factors

Growing Pharmaceutical And Biopharmaceutical Manufacturing

The pharmaceutical industry's fastest-growing subsegment is biopharmaceuticals. As the demand for sample management rises as a result of increased biologic production, the expansion of this industry will also aid that of the sample management market. Biologics demand is on the rise, biosimilars are developing, biopharmaceutical companies are spending more on research and development, and chronic diseases are on the rise. Additionally, by concentrating on outsourcing tasks to CROs and CMOs, the majority of biotech and biopharma businesses can concentrate on their core competencies.

Compound Management Helps Maintain Speed And Accuracy

inIn the sciences, accuracy and speed don't combine well. An effective compound management system must strike a balance between speed and accuracy because quick outcomes are frequently hurried, careless, or erroneous. Most compound handling systems aim to reduce human handling because it is the source of the vast majority of problems. Racks, carousels, and robotic arms are frequently used in automated compound backup and recovery systems to store and transfer compounds. The recommended method of storage is in a -20 °C dimethyl sulfoxide (DMSO) solution.

Market Restraining Factors

Compound Management Facilities Required Huge Investments

One or more people who oversee a chemical library at a research facility incur large costs for compound management regularly. For high-throughput screening and chemical genomics, it has emerged as a crucial technological element. The requirement for compound management presents significant problems, which are being overcome by coordinated efforts in both the public and private spheres. A compound/sample management facility requires significant financial outlays for both hardware and software, including the construction of new automated liquid compound storage systems connected to a substantial inventory database.

Type Outlook

Based on type, the compound management market is classified into Products (Automated Compound/Sample Storage Systems, Automated Liquid Handling Systems, and Other Compound/Sample Storage Systems) and services. The service segment witnessed a significant revenue share in the compound management market in 2021. It is due to the rise in drug development activities, the rising need for compound management services, and the growing desire to save costs associated with drug research are some of the key factors influencing the service segment's expansion.

Sample Type Outlook

On the basis of sample type, the compound management market is segmented into Chemical Compounds and Bio Samples. The bio sample segment witnessed a substantial revenue share in the compound management market in 2021. The industry is expanding due to the rising need for tailored treatments. Medical research requires access to essential biological material. The growth of cell-based research activities has resulted in a significant need for various biospecimens kept in biobanks.

Application Outlook

By application, the compound management market is divided into Drug Discovery, Gene Synthesis, Bio Banking and Others. The drug discovery segment garnered the highest revenue share in the compound management market in 2021. It is because to test a large number of chemicals with a biological target, high output screening is performed. The information on target activities is gathered from a large library. It is possible to find more active molecules through drug discovery. Thus, it is projected that an increase in drug discovery activity would lead to a significant increase in demand.

End-Use Outlook

Based on end-use, the compound management market is fragmented into Pharmaceutical Companies, Biopharmaceutical Companies, Contract Research Organizations and Others. The pharmaceutical companies segment garnered the highest revenue share in the compound management market in 2021. It is because more drugs are being discovered, that there is a raising need for chemicals, which is boosting the market's expansion. The market for compound management is divided into biopharmaceutical businesses, the pharmaceutical industry, contract research organizations (CROs), and others, which include governmental, academic, and research institutions, based on end-use.

Regional Outlook

Region-wise, the compound management market is analyzed across North America, Europe, Asia Pacific and LAMEA. The North America region procured the largest revenue share in the compound management market in 2021. This is because the region is home to numerous pharmaceutical and biotechnology companies engaged in the drug discovery process. Consequently, there is a raising need for services in this area. A further factor driving this sector's growth is the increase in disease-related morbidity and mortality, which has led to the creation of more medication candidates. Positive drug discovery and research endeavors by public entities are further fostering regional market expansion.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Danaher Corporation (Beckman Coulter), Azenta US, Inc., Hamilton Company, BioAscent, Evotec SE, SPT Labtech Ltd., Tecan Group Ltd., Titian Software, LiCONiC AG, and AXXAM S.p.A.

Scope of the Study

Market Segments covered in the Report:

By Type

  • Products
Automated Compound/Sample Storage Systems

Automated Liquid Handling Systems

Others
  • Services
By Application
  • Drug Discovery
  • Gene Synthesis
  • Bio Banking
  • Others
By Sample Type
  • Chemical Compounds
  • Bio Samples
By End User
  • Pharmaceutical Companies
  • Biopharmaceutical Companies
  • Contract Research Organizations
  • Others
By Geography
  • North America
US

Canada

Mexico

Rest of North America
  • Europe
Germany

UK

France

Russia

Spain

Italy

Rest of Europe
  • Asia Pacific
China

Japan

India

South Korea

Singapore

Malaysia

Rest of Asia Pacific
  • LAMEA
Brazil

Argentina

UAE

Saudi Arabia

South Africa

Nigeria

Rest of LAMEA

Companies Profiled
  • Danaher Corporation (Beckman Coulter)
  • Azenta US, Inc.
  • Hamilton Company
  • BioAscent
  • Evotec SE
  • SPT Labtech Ltd.
  • Tecan Group Ltd.
  • Titian Software
  • LiCONiC AG
  • AXXAM S.p.A.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Compound Management Market, by Type
1.4.2 Global Compound Management Market, by Application
1.4.3 Global Compound Management Market, by Sample Type
1.4.4 Global Compound Management Market, by End User
1.4.5 Global Compound Management Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Compound Management Market by Type
3.1 Global Products Market by Region
3.2 Global Compound Management Market by Products Type
3.2.1 Global Automated Compound/Sample Storage Systems Market by Region
3.2.2 Global Automated Liquid Handling Systems Market by Region
3.2.3 Global Others Market by Region
3.3 Global Services Market by Region
Chapter 4. Global Compound Management Market by Application
4.1 Global Drug Discovery Market by Region
4.2 Global Gene Synthesis Market by Region
4.3 Global Bio Banking Market by Region
4.4 Global Others Market by Region
Chapter 5. Global Compound Management Market by Sample Type
5.1 Global Chemical Compounds Market by Region
5.2 Global Bio Samples Market by Region
Chapter 6. Global Compound Management Market by End User
6.1 Global Pharmaceutical Companies Market by Region
6.2 Global Biopharmaceutical Companies Market by Region
6.3 Global Contract Research Organizations Market by Region
6.4 Global Others Market by Region
Chapter 7. Global Compound Management Market by Region
7.1 North America Compound Management Market
7.1.1 North America Compound Management Market by Type
7.1.1.1 North America Products Market by Country
7.1.1.2 North America Compound Management Market by Products Type
7.1.1.2.1 North America Automated Compound/Sample Storage Systems Market by Country
7.1.1.2.2 North America Automated Liquid Handling Systems Market by Country
7.1.1.2.3 North America Others Market by Country
7.1.1.3 North America Services Market by Country
7.1.2 North America Compound Management Market by Application
7.1.2.1 North America Drug Discovery Market by Country
7.1.2.2 North America Gene Synthesis Market by Country
7.1.2.3 North America Bio Banking Market by Country
7.1.2.4 North America Others Market by Country
7.1.3 North America Compound Management Market by Sample Type
7.1.3.1 North America Chemical Compounds Market by Country
7.1.3.2 North America Bio Samples Market by Country
7.1.4 North America Compound Management Market by End User
7.1.4.1 North America Pharmaceutical Companies Market by Country
7.1.4.2 North America Biopharmaceutical Companies Market by Country
7.1.4.3 North America Contract Research Organizations Market by Country
7.1.4.4 North America Others Market by Country
7.1.5 North America Compound Management Market by Country
7.1.5.1 US Compound Management Market
7.1.5.1.1 US Compound Management Market by Type
7.1.5.1.2 US Compound Management Market by Application
7.1.5.1.3 US Compound Management Market by Sample Type
7.1.5.1.4 US Compound Management Market by End User
7.1.5.2 Canada Compound Management Market
7.1.5.2.1 Canada Compound Management Market by Type
7.1.5.2.2 Canada Compound Management Market by Application
7.1.5.2.3 Canada Compound Management Market by Sample Type
7.1.5.2.4 Canada Compound Management Market by End User
7.1.5.3 Mexico Compound Management Market
7.1.5.3.1 Mexico Compound Management Market by Type
7.1.5.3.2 Mexico Compound Management Market by Application
7.1.5.3.3 Mexico Compound Management Market by Sample Type
7.1.5.3.4 Mexico Compound Management Market by End User
7.1.5.4 Rest of North America Compound Management Market
7.1.5.4.1 Rest of North America Compound Management Market by Type
7.1.5.4.2 Rest of North America Compound Management Market by Application
7.1.5.4.3 Rest of North America Compound Management Market by Sample Type
7.1.5.4.4 Rest of North America Compound Management Market by End User
7.2 Europe Compound Management Market
7.2.1 Europe Compound Management Market by Type
7.2.1.1 Europe Products Market by Country
7.2.1.2 Europe Compound Management Market by Products Type
7.2.1.2.1 Europe Automated Compound/Sample Storage Systems Market by Country
7.2.1.2.2 Europe Automated Liquid Handling Systems Market by Country
7.2.1.2.3 Europe Others Market by Country
7.2.1.3 Europe Services Market by Country
7.2.2 Europe Compound Management Market by Application
7.2.2.1 Europe Drug Discovery Market by Country
7.2.2.2 Europe Gene Synthesis Market by Country
7.2.2.3 Europe Bio Banking Market by Country
7.2.2.4 Europe Others Market by Country
7.2.3 Europe Compound Management Market by Sample Type
7.2.3.1 Europe Chemical Compounds Market by Country
7.2.3.2 Europe Bio Samples Market by Country
7.2.4 Europe Compound Management Market by End User
7.2.4.1 Europe Pharmaceutical Companies Market by Country
7.2.4.2 Europe Biopharmaceutical Companies Market by Country
7.2.4.3 Europe Contract Research Organizations Market by Country
7.2.4.4 Europe Others Market by Country
7.2.5 Europe Compound Management Market by Country
7.2.5.1 Germany Compound Management Market
7.2.5.1.1 Germany Compound Management Market by Type
7.2.5.1.2 Germany Compound Management Market by Application
7.2.5.1.3 Germany Compound Management Market by Sample Type
7.2.5.1.4 Germany Compound Management Market by End User
7.2.5.2 UK Compound Management Market
7.2.5.2.1 UK Compound Management Market by Type
7.2.5.2.2 UK Compound Management Market by Application
7.2.5.2.3 UK Compound Management Market by Sample Type
7.2.5.2.4 UK Compound Management Market by End User
7.2.5.3 France Compound Management Market
7.2.5.3.1 France Compound Management Market by Type
7.2.5.3.2 France Compound Management Market by Application
7.2.5.3.3 France Compound Management Market by Sample Type
7.2.5.3.4 France Compound Management Market by End User
7.2.5.4 Russia Compound Management Market
7.2.5.4.1 Russia Compound Management Market by Type
7.2.5.4.2 Russia Compound Management Market by Application
7.2.5.4.3 Russia Compound Management Market by Sample Type
7.2.5.4.4 Russia Compound Management Market by End User
7.2.5.5 Spain Compound Management Market
7.2.5.5.1 Spain Compound Management Market by Type
7.2.5.5.2 Spain Compound Management Market by Application
7.2.5.5.3 Spain Compound Management Market by Sample Type
7.2.5.5.4 Spain Compound Management Market by End User
7.2.5.6 Italy Compound Management Market
7.2.5.6.1 Italy Compound Management Market by Type
7.2.5.6.2 Italy Compound Management Market by Application
7.2.5.6.3 Italy Compound Management Market by Sample Type
7.2.5.6.4 Italy Compound Management Market by End User
7.2.5.7 Rest of Europe Compound Management Market
7.2.5.7.1 Rest of Europe Compound Management Market by Type
7.2.5.7.2 Rest of Europe Compound Management Market by Application
7.2.5.7.3 Rest of Europe Compound Management Market by Sample Type
7.2.5.7.4 Rest of Europe Compound Management Market by End User
7.3 Asia Pacific Compound Management Market
7.3.1 Asia Pacific Compound Management Market by Type
7.3.1.1 Asia Pacific Products Market by Country
7.3.1.2 Asia Pacific Compound Management Market by Products Type
7.3.1.2.1 Asia Pacific Automated Compound/Sample Storage Systems Market by Country
7.3.1.2.2 Asia Pacific Automated Liquid Handling Systems Market by Country
7.3.1.2.3 Asia Pacific Others Market by Country
7.3.1.3 Asia Pacific Services Market by Country
7.3.2 Asia Pacific Compound Management Market by Application
7.3.2.1 Asia Pacific Drug Discovery Market by Country
7.3.2.2 Asia Pacific Gene Synthesis Market by Country
7.3.2.3 Asia Pacific Bio Banking Market by Country
7.3.2.4 Asia Pacific Others Market by Country
7.3.3 Asia Pacific Compound Management Market by Sample Type
7.3.3.1 Asia Pacific Chemical Compounds Market by Country
7.3.3.2 Asia Pacific Bio Samples Market by Country
7.3.4 Asia Pacific Compound Management Market by End User
7.3.4.1 Asia Pacific Pharmaceutical Companies Market by Country
7.3.4.2 Asia Pacific Biopharmaceutical Companies Market by Country
7.3.4.3 Asia Pacific Contract Research Organizations Market by Country
7.3.4.4 Asia Pacific Others Market by Country
7.3.5 Asia Pacific Compound Management Market by Country
7.3.5.1 China Compound Management Market
7.3.5.1.1 China Compound Management Market by Type
7.3.5.1.2 China Compound Management Market by Application
7.3.5.1.3 China Compound Management Market by Sample Type
7.3.5.1.4 China Compound Management Market by End User
7.3.5.2 Japan Compound Management Market
7.3.5.2.1 Japan Compound Management Market by Type
7.3.5.2.2 Japan Compound Management Market by Application
7.3.5.2.3 Japan Compound Management Market by Sample Type
7.3.5.2.4 Japan Compound Management Market by End User
7.3.5.3 India Compound Management Market
7.3.5.3.1 India Compound Management Market by Type
7.3.5.3.2 India Compound Management Market by Application
7.3.5.3.3 India Compound Management Market by Sample Type
7.3.5.3.4 India Compound Management Market by End User
7.3.5.4 South Korea Compound Management Market
7.3.5.4.1 South Korea Compound Management Market by Type
7.3.5.4.2 South Korea Compound Management Market by Application
7.3.5.4.3 South Korea Compound Management Market by Sample Type
7.3.5.4.4 South Korea Compound Management Market by End User
7.3.5.5 Singapore Compound Management Market
7.3.5.5.1 Singapore Compound Management Market by Type
7.3.5.5.2 Singapore Compound Management Market by Application
7.3.5.5.3 Singapore Compound Management Market by Sample Type
7.3.5.5.4 Singapore Compound Management Market by End User
7.3.5.6 Malaysia Compound Management Market
7.3.5.6.1 Malaysia Compound Management Market by Type
7.3.5.6.2 Malaysia Compound Management Market by Application
7.3.5.6.3 Malaysia Compound Management Market by Sample Type
7.3.5.6.4 Malaysia Compound Management Market by End User
7.3.5.7 Rest of Asia Pacific Compound Management Market
7.3.5.7.1 Rest of Asia Pacific Compound Management Market by Type
7.3.5.7.2 Rest of Asia Pacific Compound Management Market by Application
7.3.5.7.3 Rest of Asia Pacific Compound Management Market by Sample Type
7.3.5.7.4 Rest of Asia Pacific Compound Management Market by End User
7.4 LAMEA Compound Management Market
7.4.1 LAMEA Compound Management Market by Type
7.4.1.1 LAMEA Products Market by Country
7.4.1.2 LAMEA Compound Management Market by Products Type
7.4.1.2.1 LAMEA Automated Compound/Sample Storage Systems Market by Country
7.4.1.2.2 LAMEA Automated Liquid Handling Systems Market by Country
7.4.1.2.3 LAMEA Others Market by Country
7.4.1.3 LAMEA Services Market by Country
7.4.2 LAMEA Compound Management Market by Application
7.4.2.1 LAMEA Drug Discovery Market by Country
7.4.2.2 LAMEA Gene Synthesis Market by Country
7.4.2.3 LAMEA Bio Banking Market by Country
7.4.2.4 LAMEA Others Market by Country
7.4.3 LAMEA Compound Management Market by Sample Type
7.4.3.1 LAMEA Chemical Compounds Market by Country
7.4.3.2 LAMEA Bio Samples Market by Country
7.4.4 LAMEA Compound Management Market by End User
7.4.4.1 LAMEA Pharmaceutical Companies Market by Country
7.4.4.2 LAMEA Biopharmaceutical Companies Market by Country
7.4.4.3 LAMEA Contract Research Organizations Market by Country
7.4.4.4 LAMEA Others Market by Country
7.4.5 LAMEA Compound Management Market by Country
7.4.5.1 Brazil Compound Management Market
7.4.5.1.1 Brazil Compound Management Market by Type
7.4.5.1.2 Brazil Compound Management Market by Application
7.4.5.1.3 Brazil Compound Management Market by Sample Type
7.4.5.1.4 Brazil Compound Management Market by End User
7.4.5.2 Argentina Compound Management Market
7.4.5.2.1 Argentina Compound Management Market by Type
7.4.5.2.2 Argentina Compound Management Market by Application
7.4.5.2.3 Argentina Compound Management Market by Sample Type
7.4.5.2.4 Argentina Compound Management Market by End User
7.4.5.3 UAE Compound Management Market
7.4.5.3.1 UAE Compound Management Market by Type
7.4.5.3.2 UAE Compound Management Market by Application
7.4.5.3.3 UAE Compound Management Market by Sample Type
7.4.5.3.4 UAE Compound Management Market by End User
7.4.5.4 Saudi Arabia Compound Management Market
7.4.5.4.1 Saudi Arabia Compound Management Market by Type
7.4.5.4.2 Saudi Arabia Compound Management Market by Application
7.4.5.4.3 Saudi Arabia Compound Management Market by Sample Type
7.4.5.4.4 Saudi Arabia Compound Management Market by End User
7.4.5.5 South Africa Compound Management Market
7.4.5.5.1 South Africa Compound Management Market by Type
7.4.5.5.2 South Africa Compound Management Market by Application
7.4.5.5.3 South Africa Compound Management Market by Sample Type
7.4.5.5.4 South Africa Compound Management Market by End User
7.4.5.6 Nigeria Compound Management Market
7.4.5.6.1 Nigeria Compound Management Market by Type
7.4.5.6.2 Nigeria Compound Management Market by Application
7.4.5.6.3 Nigeria Compound Management Market by Sample Type
7.4.5.6.4 Nigeria Compound Management Market by End User
7.4.5.7 Rest of LAMEA Compound Management Market
7.4.5.7.1 Rest of LAMEA Compound Management Market by Type
7.4.5.7.2 Rest of LAMEA Compound Management Market by Application
7.4.5.7.3 Rest of LAMEA Compound Management Market by Sample Type
7.4.5.7.4 Rest of LAMEA Compound Management Market by End User
Chapter 8. Company Profiles
8.1 Danaher Corporation (Beckman Coulter)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.2 Azenta US, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.3 Hamilton Company
8.3.1 Company Overview
8.4 BioAscent
8.4.1 Company Overview
8.5 Evotec SE
8.5.1 Company Overview
8.5.1 Financial Analysis
8.5.2 Regional Analysis
8.5.3 Research & Development Expense
8.6 SPT Labtech Ltd.
8.6.1 Company Overview
8.7 Tecan Group Ltd.
8.7.1 Company Overview
8.8 Titian Software
8.8.1 Company Overview
8.9 LiCONiC AG
8.9.1 Company Overview
8.10. AXXAM S.p.A.
8.10.1 Company Overview

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