Global Compound Management Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2023 –2030 |
 Market Size (Base Year) |
USD 541.26 Million |
 Market Size (Forecast Year) |
USD 1,644.23 Million |
 CAGR |
% |
| Major Markets Players |
Global Compound Management Market, By Product & Services (Compound/Sample Management Products, Outsourcing Services), Sample Type (Chemical Compounds, Biosamples), Process (High-Throughput Screening, Fragment Based Screening, Lead Optimization), Application (Drug Discovery, Preclinical Discovery, Gene Synthesis, Bio Banking, Others), Compound Library Size (Small & Medium Libraries, Large Libraries), End User (Pharmaceuticals Companies, Biopharmaceutical Companies, Contract Research Organizations, Research and Academic Institutes, Others), Distribution Channel (Direct Sales, Third Party Distribution) - Industry Trends and Forecast to 2030.
Compound Management Market Analysis and Size
Compound management is a process of managing a large-small compound library including updating the outdated chemical, information databases, robotic automation involved in inventory management and quality control of the storage environment. It includes storing, tracking, logistics, compound dispensing and preparation of compounds to be tested and analysed in drug discovery processes.
Data Bridge Market Research analyses that the global compound management market is expected to reach USD 1,644.23 million by 2030, from USD 541.26 Million in 2022 and is expected to undergo a CAGR of 14.9% during the forecast period of 2023 to 2030. “Compound/Sample Management Products” dominates the components segment of the market due to demand from growing markets. The increasing usage of augmented and virtual reality for racing games the growth of compound management market over the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
|
Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
|
Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015-2020) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
By Product & Services (Compound/Sample Management Products, Outsourcing Services), Sample Type (Chemical Compounds, Biosamples), Process (High-Throughput Screening, Fragment Based Screening, Lead Optimization), Application (Drug Discovery, Preclinical Discovery, Gene Synthesis, Bio Banking, Others), Compound Library Size (Small & Medium Libraries, Large Libraries), End User (Pharmaceuticals Companies, Biopharmaceutical Companies, Contract Research Organizations, Research and Academic Institutes, Others), Distribution Channel (Direct Sales, Third Party Distribution) |
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Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa |
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Market Players Covered |
HighRes Biosolutions (U.S.), BioAscent (U.K.), Titian Software Limited (U.K.), LiCONiC AG (Switzerland), AXXAM S.p.A. (Italy), SPT Labtech (U.K.), TCG Lifesciences Private Limited (India), Specs Compound Handling B.V. (Netherlands), Brooks Life Sciences (U.S.), Tecan Trading AG (Switzerland), Hamilton Company (U.S.), Evotec SE (Germany), Pharmaron (China), WuXi AppTec (China), LABCYTE INC. (U.S.) |
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Market Opportunities |
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Market Definition
Compound management is a service that provides secure compound storage and aggregation, rapid delivery of hits, and leads to the pharmaceutical, biopharmaceutical, and other contract research organization with quality control and inventory management. Compounds that are used for research purpose start their journey from the collection then they are stored, then processed and finally reaches to the research labs for drug development.
Global Compound Management Market Dynamics
Driver
- Demand for compound management services
The demand for the compound management market has been increased in both developed as well as in developing countries and the reason behind this is the increase in research and development across the globe for which compound management is used to increase the pace of workflow and overcome the bottle neck of the drug development process.
Opportunity
- Demand for up-gradation of software driven compound management
The compound management market is growing due to the up-gradation of software driven compound management, increase in outsourcing compound management and rising disposable income. The market will grow in the forecasted period due to the exploration of emerging markets, a strategic initiative to promote a compound management system and increasing automated pharmaceutical workflow.
Restraint/Challenge
- Large capital investments required to establish compound management facilities
High capital investments are required to build a compound/sample management facility, including investment in both hardware and software, such as the installation of new automated liquid compound storage systems linked to a robust inventory database. The average cost of a large automated storage system, for example, ranges between USD 1 million and USD 10 million. The high capital requirements for setting up such facilities may put them out of reach for small or medium-size pharmaceutical companies. Research institutes with limited budgets also find it difficult to afford such instruments. As a result, the use of manual storage systems is still preferred among these end-users.
This compound management market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the variable frequency drive market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In December 2019, LPX-220 a product from the LiCONiC AG was installed at the Hamilton Company in Japan. The installation be integrated with Hamilton liquid handling machine, and was expected to be used for enzyme related research and will help to increase the product portfolio of LiCONiC AG
- In January 2017, SPT Labtech announced that a new product dragonfly get launched, this product will be for the automated liquid handling. This product will increase the Reduce assay development time and improve assay robustness in high throughput screening and to overcome the bottle neck of drug discovery and will increase the product portfolio for SPT Labtech
Global Compound Management Market Scope
The compound management market is segmented on the basis of product & services, sample type, process, application, compound library size, end user and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product & Services
- Compound/Sample Management Products
- Outsourcing Services
Sample Type
- Chemical Compounds
- Biosamples
Process
- High-Throughput Screening
- Fragment Based Screening
- Lead Optimization
Application
- Drug Discovery
- Preclinical Discovery
- Gene Synthesis
- Bio Banking
- Others
Compound Library Size
- Small & Medium Libraries
- Large Libraries
End User
- Pharmaceuticals Companies
- Biopharmaceutical Companies
- Contract Research Organizations
- Research and Academic Institutes
- Others
Distribution Channel
- Direct Sales
- Third Party Distribution
Global Compound Management Market Region Analysis/Insights
The compound management market is analyzed and market size insights and trends are provided by region, product & services, sample type, process, application, compound library size, end user and distribution channel industry as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of the Middle East and Africa.
North America is expected to dominate the market because North America is home to renowned research institutions, universities, and technology companies that conduct cutting-edge research in photonics and integrated circuit technologies. This strong R&D ecosystem fosters innovation and drives advancements in compound management circuits.
Asia-Pacific is expected to be fastest-growing country in the market due to the Asia-Pacific region has a large and rapidly growing population, along with a significant increase in internet usage and data consumption. This drives the demand for high-speed and efficient communication networks, which can benefit from the use of compound management circuits. PICs are capable of integrating multiple optical components on a single chip, making them well-suited for high-speed data transmission and communication applications.
The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and Global Compound Management Market Share Analysis
The compound management market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the compound management market.
Some of the major players operating in the compound management market are:
- HighRes Biosolutions (U.S.)
- BioAscent (U.K.)
- Titian Software Limited (U.K.)
- LiCONiC AG (Switzerland)
- AXXAM S.p.A. (Italy)
- SPT Labtech (U.K.)
- TCG Lifesciences Private Limited (India)
- Specs Compound Handling B.V. (Netherlands)
- Brooks Life Sciences (U.S.)
- Tecan Trading AG (Switzerland)
- Hamilton Company (U.S.)
- Evotec SE (Germany)
- Pharmaron (China)
- WuXi AppTec (China)
- LABCYTE INC. (U.S.)
SKU-
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
