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Compound Management Market Forecasts to 2028 – Global Analysis By Type (Products and Services), Sample Type (Bio Samples and Chemical Compounds), Application(Gene Synthesis, Bio Banking and Drug Discovery), End User and By Geography

Best Price Guarantee Length Publisher Published Date SKU
from $4,150 175 Pages Stratistics Market Research Consulting February, 2023 SMR17743145
Best Price Guarantee
Price from $4,150
Length 175 Pages
Publisher Stratistics Market Research Consulting
Published Date February, 2023
SKU SMR17743145

Compound Management Market Forecasts to 2028 – Global Analysis By Type (Products and Services), Sample Type (Bio Samples and Chemical Compounds), Application(Gene Synthesis, Bio Banking and Drug Discovery), End User and By Geography

According to Stratistics MRC, the Global Compound Management Market is accounted for $431.68 million in 2022 and is expected to reach $1101.66 million by 2028 growing at a CAGR of 16.8% during the forecast period. Compound management, also referred to as compound control, is defined as the management of chemical libraries, including renewal of outdated chemicals, databases containing the information, robotics often involved in fetching chemicals, and quality control of the storage environment. It 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.

According to Pharma R&D annual review, the pipeline consisted of 17,737 drugs in 2020, now the number of drugs in the pipeline rose to 20,109. According to FDA recommendations, biotechnology and pharmaceutical companies depend significantly on the discovery and development of biomarkers in R&D processes.

Market Dynamics:

Driver:

Technological Advancements

Technological advancements such as introduction of artificial intelligence and robotic technology in the field of compound management is a major factor driving the market growth. Large pharmaceutical companies automate compound management process with the help of robotics technology for handling the duties of adding and removing compound samples from storage and electronic barcodes facilitate record keeping. Hence, these are the factors fueling the growth of the market.

Restraint:

Huge Investments

The requirement for compound management presents significant problems, which are being overcome by coordinated efforts. A compound 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. Thus, these aspects are restraining the growth of the market.

Opportunity:

Maintaining speed and accuracy

An effective compound management system must strike a balance between speed and accuracy. 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. Therefore, these are the factors boosting the market growth.

Threat:

Inefficient management

Improper compound management could potentially lead to various unfavourable consequences in the healthcare research sector. Inadequate compound management leads to loss or spoilage of samples, unwanted expenditure, and various other bottlenecks that hamper the drug research and development process. Hence, these factors are hindering the expansion of the market.

Covid-19 Impact

Various healthcare facilities were affected due to the outbreak of COVID-19. There was a huge impact on Compound Management Market as well. Lockdowns disrupted logistics and transportation. An integral part of healthcare reforms in near future will be technological progress, cost containment, and increased access. The front liners are digital health and telehealth. The importance of remote diagnosis, care, and consultation is re-emphasized due to the pandemic. However, many healthcare workers are working on telephone calls and video conferencing, this segment growth will increase. Online consultation of patients with moderate symptoms has greatly reduced the burden on hospitals already swamped by counts of the patients.

The service segment is expected to be the largest during the forecast period

The service segment is estimated to have a lucrative growth, due to the rise in drug discovery activities, the growing need to manage the compound management services, and the increasing need to save costs associated with drug discovery. A significant number of small and medium-sized companies lacking infrastructure is further expected to improve the demand and thus is likely to have a positive impact on the segment growth.

The bio banking segment is expected to have the highest CAGR during the forecast period

The bio banking segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the increasing number of organizations involved in the collection and storage of biomaterials. In addition, an increasing emphasis on personalized medicine is driving the need for bio banking. Besides, the need for quality bio specimens that are used to support research is expected to increase. Thus, the abovementioned factors are anticipated to support the growth of the segment.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to continuous research in regional government initiatives, pharmaceutical discovery, and private-public collaborations. Furthermore, the low cost of outsourcing compound management services and the high prevalence of chronic and infectious diseases in the region are driving the demand for research, thus contributing to the regional market growth.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to rising outsourcing of compound management, increasing use of AI in drug development workflow, and the current trend of biobanking. Furthermore, the rise in disease-related morbidity and mortality has resulted in the identification of more drug candidates, fueling growth in this region.

Key players in the market

Some of the key players profiled in the Compound Management Market include BioAscent, Brooks Life Sciences, Hamilton Company, Titian Software Limited, LiCONiC AG, Evotec, Azenta US, Inc., Tecan Trading AG, Beckman Coulter, Inc, SPT Labtech LTD., AXXAM S.p.A., Labcyte , Biosero, Wuxi Apptec, TTP Group, Frontier Scientific and Icagen, Inc.

Key Developments:

In June 2022, TTP Europe’s leading technology and product development company and Ionomr Innovations Inc., designer and manufacturer of next-generation ion-exchange membranes and polymers for clean energy, announced they are joining forces to demonstrate a new green hydrogen electrolyzer designed for mass production.

In February 2021, SPT Labtech announced the acquisition of BioMicroLab, a robotics automation provider, to strengthen its capabilities in automatic sample management.

Types Covered:
• Products
• Services

Sample Types Covered:
• Bio Samples
• Chemical Compounds

Applications Covered:
• Gene Synthesis
• Bio Banking
• Drug Discovery

End Users Covered:
• Biopharmaceutical
• Pharmaceutical
• Contract Research Organizations (CROs)

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Compound Management Market, By Type
5.1 Introduction
5.2 Products
5.2.1 Automated Liquid Handling Systems
5.2.2 Automated Compound Systems
5.3 Services
6 Global Compound Management Market, By Sample Type
6.1 Introduction
6.2 Bio Samples
6.3 Chemical Compounds
7 Global Compound Management Market, By Application
7.1 Introduction
7.2 Gene Synthesis
7.3 Bio Banking
7.4 Drug Discovery
8 Global Compound Management Market, By End User
8.1 Introduction
8.2 Biopharmaceutical
8.3 Pharmaceutical
8.4 Contract Research Organizations (CROs)
9 Global Compound Management Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 BioAscent
11.2 Brooks Life Sciences
11.3 Hamilton Company
11.4 Titian Software Limited
11.5 LiCONiC AG
11.6 Evotec
11.7 Azenta US, Inc.
11.8 Tecan Trading AG
11.9 Beckman Coulter, Inc
11.10 SPT Labtech LTD.
11.11 ACompound ManagementAM S.p.A.
11.12 Labcyte
11.13 Biosero
11.14 Wuxi Apptec
11.15 TTP Group
11.16 Frontier Scientific
11.17 Icagen, Inc
List of Tables
Table 1 Global Compound Management Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Compound Management Market Outlook, By Type (2020-2028) ($MN)
Table 3 Global Compound Management Market Outlook, By Products (2020-2028) ($MN)
Table 4 Global Compound Management Market Outlook, By Automated Liquid Handling Systems (2020-2028) ($MN)
Table 5 Global Compound Management Market Outlook, By Automated Compound Systems (2020-2028) ($MN)
Table 6 Global Compound Management Market Outlook, By Services (2020-2028) ($MN)
Table 7 Global Compound Management Market Outlook, By Sample Type (2020-2028) ($MN)
Table 8 Global Compound Management Market Outlook, By Bio Samples (2020-2028) ($MN)
Table 9 Global Compound Management Market Outlook, By Chemical Compounds (2020-2028) ($MN)
Table 10 Global Compound Management Market Outlook, By Application (2020-2028) ($MN)
Table 11 Global Compound Management Market Outlook, By Gene Synthesis (2020-2028) ($MN)
Table 12 Global Compound Management Market Outlook, By Bio Banking (2020-2028) ($MN)
Table 13 Global Compound Management Market Outlook, By Drug Discovery (2020-2028) ($MN)
Table 14 Global Compound Management Market Outlook, By End User (2020-2028) ($MN)
Table 15 Global Compound Management Market Outlook, By Biopharmaceutical (2020-2028) ($MN)
Table 16 Global Compound Management Market Outlook, By Pharmaceutical (2020-2028) ($MN)
Table 17 Global Compound Management Market Outlook, By Contract Research Organizations (CROs) (2020-2028) ($MN)
Table 18 North America Compound Management Market Outlook, By Country (2020-2028) ($MN)
Table 19 North America Compound Management Market Outlook, By Type (2020-2028) ($MN)
Table 20 North America Compound Management Market Outlook, By Products (2020-2028) ($MN)
Table 21 North America Compound Management Market Outlook, By Automated Liquid Handling Systems (2020-2028) ($MN)
Table 22 North America Compound Management Market Outlook, By Automated Compound Systems (2020-2028) ($MN)
Table 23 North America Compound Management Market Outlook, By Services (2020-2028) ($MN)
Table 24 North America Compound Management Market Outlook, By Sample Type (2020-2028) ($MN)
Table 25 North America Compound Management Market Outlook, By Bio Samples (2020-2028) ($MN)
Table 26 North America Compound Management Market Outlook, By Chemical Compounds (2020-2028) ($MN)
Table 27 North America Compound Management Market Outlook, By Application (2020-2028) ($MN)
Table 28 North America Compound Management Market Outlook, By Gene Synthesis (2020-2028) ($MN)
Table 29 North America Compound Management Market Outlook, By Bio Banking (2020-2028) ($MN)
Table 30 North America Compound Management Market Outlook, By Drug Discovery (2020-2028) ($MN)
Table 31 North America Compound Management Market Outlook, By End User (2020-2028) ($MN)
Table 32 North America Compound Management Market Outlook, By Biopharmaceutical (2020-2028) ($MN)
Table 33 North America Compound Management Market Outlook, By Pharmaceutical (2020-2028) ($MN)
Table 34 North America Compound Management Market Outlook, By Contract Research Organizations (CROs) (2020-2028) ($MN)
Table 35 Europe Compound Management Market Outlook, By Country (2020-2028) ($MN)
Table 36 Europe Compound Management Market Outlook, By Type (2020-2028) ($MN)
Table 37 Europe Compound Management Market Outlook, By Products (2020-2028) ($MN)
Table 38 Europe Compound Management Market Outlook, By Automated Liquid Handling Systems (2020-2028) ($MN)
Table 39 Europe Compound Management Market Outlook, By Automated Compound Systems (2020-2028) ($MN)
Table 40 Europe Compound Management Market Outlook, By Services (2020-2028) ($MN)
Table 41 Europe Compound Management Market Outlook, By Sample Type (2020-2028) ($MN)
Table 42 Europe Compound Management Market Outlook, By Bio Samples (2020-2028) ($MN)
Table 43 Europe Compound Management Market Outlook, By Chemical Compounds (2020-2028) ($MN)
Table 44 Europe Compound Management Market Outlook, By Application (2020-2028) ($MN)
Table 45 Europe Compound Management Market Outlook, By Gene Synthesis (2020-2028) ($MN)
Table 46 Europe Compound Management Market Outlook, By Bio Banking (2020-2028) ($MN)
Table 47 Europe Compound Management Market Outlook, By Drug Discovery (2020-2028) ($MN)
Table 48 Europe Compound Management Market Outlook, By End User (2020-2028) ($MN)
Table 49 Europe Compound Management Market Outlook, By Biopharmaceutical (2020-2028) ($MN)
Table 50 Europe Compound Management Market Outlook, By Pharmaceutical (2020-2028) ($MN)
Table 51 Europe Compound Management Market Outlook, By Contract Research Organizations (CROs) (2020-2028) ($MN)
Table 52 Asia-Pacific Compound Management Market Outlook, By Country (2020-2028) ($MN)
Table 53 Asia-Pacific Compound Management Market Outlook, By Type (2020-2028) ($MN)
Table 54 Asia-Pacific Compound Management Market Outlook, By Products (2020-2028) ($MN)
Table 55 Asia-Pacific Compound Management Market Outlook, By Automated Liquid Handling Systems (2020-2028) ($MN)
Table 56 Asia-Pacific Compound Management Market Outlook, By Automated Compound Systems (2020-2028) ($MN)
Table 57 Asia-Pacific Compound Management Market Outlook, By Services (2020-2028) ($MN)
Table 58 Asia-Pacific Compound Management Market Outlook, By Sample Type (2020-2028) ($MN)
Table 59 Asia-Pacific Compound Management Market Outlook, By Bio Samples (2020-2028) ($MN)
Table 60 Asia-Pacific Compound Management Market Outlook, By Chemical Compounds (2020-2028) ($MN)
Table 61 Asia-Pacific Compound Management Market Outlook, By Application (2020-2028) ($MN)
Table 62 Asia-Pacific Compound Management Market Outlook, By Gene Synthesis (2020-2028) ($MN)
Table 63 Asia-Pacific Compound Management Market Outlook, By Bio Banking (2020-2028) ($MN)
Table 64 Asia-Pacific Compound Management Market Outlook, By Drug Discovery (2020-2028) ($MN)
Table 65 Asia-Pacific Compound Management Market Outlook, By End User (2020-2028) ($MN)
Table 66 Asia-Pacific Compound Management Market Outlook, By Biopharmaceutical (2020-2028) ($MN)
Table 67 Asia-Pacific Compound Management Market Outlook, By Pharmaceutical (2020-2028) ($MN)
Table 68 Asia-Pacific Compound Management Market Outlook, By Contract Research Organizations (CROs) (2020-2028) ($MN)
Table 69 South America Compound Management Market Outlook, By Country (2020-2028) ($MN)
Table 70 South America Compound Management Market Outlook, By Type (2020-2028) ($MN)
Table 71 South America Compound Management Market Outlook, By Products (2020-2028) ($MN)
Table 72 South America Compound Management Market Outlook, By Automated Liquid Handling Systems (2020-2028) ($MN)
Table 73 South America Compound Management Market Outlook, By Automated Compound Systems (2020-2028) ($MN)
Table 74 South America Compound Management Market Outlook, By Services (2020-2028) ($MN)
Table 75 South America Compound Management Market Outlook, By Sample Type (2020-2028) ($MN)
Table 76 South America Compound Management Market Outlook, By Bio Samples (2020-2028) ($MN)
Table 77 South America Compound Management Market Outlook, By Chemical Compounds (2020-2028) ($MN)
Table 78 South America Compound Management Market Outlook, By Application (2020-2028) ($MN)
Table 79 South America Compound Management Market Outlook, By Gene Synthesis (2020-2028) ($MN)
Table 80 South America Compound Management Market Outlook, By Bio Banking (2020-2028) ($MN)
Table 81 South America Compound Management Market Outlook, By Drug Discovery (2020-2028) ($MN)
Table 82 South America Compound Management Market Outlook, By End User (2020-2028) ($MN)
Table 83 South America Compound Management Market Outlook, By Biopharmaceutical (2020-2028) ($MN)
Table 84 South America Compound Management Market Outlook, By Pharmaceutical (2020-2028) ($MN)
Table 85 South America Compound Management Market Outlook, By Contract Research Organizations (CROs) (2020-2028) ($MN)
Table 86 Middle East and Africa Compound Management Market Outlook, By Country (2020-2028) ($MN)
Table 87 Middle East and Africa Compound Management Market Outlook, By Type (2020-2028) ($MN)
Table 88 Middle East and Africa Compound Management Market Outlook, By Products (2020-2028) ($MN)
Table 89 Middle East and Africa Compound Management Market Outlook, By Automated Liquid Handling Systems (2020-2028) ($MN)
Table 90 Middle East and Africa Management Market Outlook, By Automated Compound Systems (2020-2028) ($MN)
Table 91 Middle East and Africa Compound Management Market Outlook, By Services (2020-2028) ($MN)
Table 92 Middle East and Africa Compound Management Market Outlook, By Sample Type (2020-2028) ($MN)
Table 93 Middle East and Africa Compound Management Market Outlook, By Bio Samples (2020-2028) ($MN)
Table 94 Middle East and Africa Compound Management Market Outlook, By Chemical Compounds (2020-2028) ($MN)
Table 95 Middle East and Africa Compound Management Market Outlook, By Application (2020-2028) ($MN)
Table 96 Middle East and Africa Compound Management Market Outlook, By Gene Synthesis (2020-2028) ($MN)
Table 97 Middle East and Africa Compound Management Market Outlook, By Bio Banking (2020-2028) ($MN)
Table 98 Middle East and Africa Compound Management Market Outlook, By Drug Discovery (2020-2028) ($MN)
Table 99 Middle East and Africa Compound Management Market Outlook, By End User (2020-2028) ($MN)
Table 100 Middle East and Africa Compound Management Market Outlook, By Biopharmaceutical (2020-2028) ($MN)
Table 101 Middle East and Africa Compound Management Market Outlook, By Pharmaceutical (2020-2028) ($MN)
Table 102 Middle East and Africa Compound Management Market Outlook, By Contract Research Organizations (CROs) (2020-2028) ($MN)

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