Global Compound Libraries Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Compound Libraries Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

A compound library is a collection of chemicals that can be used for high-throughput screening and other processes for drug development. It also contains information on a series of stored chemicals, such as chemical structure, purity, quantity, and physiochemical characteristics of the compound.

Market Overview:

The latest research study on the global Compound Libraries market finds that the global Compound Libraries market reached a value of USD 631.89 million in 2023. It’s expected that the market will achieve USD 1455.2 million by 2029, exhibiting a CAGR of 14.92% during the forecast period.

In the wake of the COVID-19 epidemic, governments across the world issued lockdown policies, and people were quarantined from their homes.

The main impact on the compound libraries is mainly seen in the closure of trials and medical facilities as a result of the lockdown policy. The downstream applications of the compound libraries industry have been affected. Specifically, the introduction of travel restrictions and strict lockdown measures have forced the closure of many institutions and laboratories working on research unrelated to the pandemic. The lockdown has also stifled supply chains and slowed research and development endeavors like drug design, and chemical research. Besides, many clinical trials have been suspended around the world.

Advancing the development of compound library relevant to COVID-19

Although the lockdown policy led to the suspension of many trials, the outbreak facilitated the development of the compound library related to COVID-19.

ChemDiv Welcomes Peter Dmitriev and David Stark to Business Development Team, Announces Headquarters Expansion

Oct. 25, 2023, ChemDiv, a leading global contract research organization (CRO), is excited to announce the expansion of its Business Development Team with the addition of two seasoned professionals, Peter Dmitriev as Business Development Manager and David Stark as Senior Regional Director of Business Development.

Region Overview:

In 2022, the share of the Compound Libraries market in North America stood at 40.50%.

Company Overview:

ChemDiv, MedChemExpress, Selleckchem, Enamine, Thermo Scientific are the five key players in the global Compound Libraries market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Compound Libraries market in the past 5 years.

ChemDiv offers fully integrated R&D Services, including FTE chemistry, to support pharmaceutical R&D projects. Their business includes pharmaceuticals, biotech, integrated drug discovery, clinical development, preclinical development, chemistry and biology research.

MedChemExpress (MCE) offers a wide range of high-quality research chemicals and biochemicals (novel life-science reagents, reference compounds, and natural compounds) for scientific use. They also provide structurally and synthetically diverse biologically active compounds and customized order volumes ranging from milligrams to kilograms scale. heir business areas include kinase inhibitors, tyrosine kinase inhibitors, enzyme inhibitors, protein inhibitors, proteins kinase inhibitors, phosphatase inhibitors, cancer inhibitors, cancer drug candidates, cell signaling inhibitors, Immune, ADC and PROTAC. The company's products have been widely used in various fields of biopharmaceutical research and development, especially in research focus areas such as cancer, infection, autoimmune diseases, diabetes, cardiovascular diseases, and neurodegenerative diseases.

Segmentation Overview:

By type, Bioactive Libraries segment accounted for the largest share of market in 2022.

Bioactive compound libraries are composed of small molecules. They can be applied to drug repurposing, target identification, pharmacological studies, and cell-induced differentiation, and can be used for high-throughput and high-intensity screening. The discovery of bioactive compounds is very important for many areas of basic biomedical research and constitutes a large part of medicinal chemistry and chemical biology.

Application Overview:

By application, the High Throughput Screening segment occupied the biggest share from 2018 to 2022.

High-throughput screening (HTS) is one of the newest techniques used in drug design and can be applied in biological and chemical sciences. Specifically, high throughput screening (HTS) is the use of automated equipment to rapidly test samples for biological activity at the model organism, cellular, pathway, or molecular level using automated methods. The number of samples can be thousands to millions. It is a process of screening and assaying a large number of biological modulators and effectors against selected and specific targets. High-throughput screening (HTS) is widely used by industrial scientists and academic researchers.

Key Companies in the global Compound Libraries market covered in Chapter 3:

Charles River
Selleckchem
Tocris Bioscience
Creative Biolabs
MedChemExpress
HitGen Inc.
ChemDiv
Bio-Techne
IRBM
Enamine
Thermo Scientific
Aurora
Enzo Life Sciences
Life Chemicals
TargetMol
Chembridge
Otava Chemicals
Sigma-Aldrich
X-Chem

In Chapter 4 and Chapter 14.2, on the basis of types, the Compound Libraries market from 2019 to 2030 is primarily split into:

Drug-like Compound Libraries
Natural Product Libraries
Bioactive Libraries
Fragment Libraries
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Compound Libraries market from 2019 to 2030 covers:

High Throughput Screening
Common Drug Design
Medicinal Chemistry and Research
Other Chemical Research

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)