The global compound management market size is expected to reach USD 826.2 Million in 2028 at a steady CAGR, according to latest analysis by Emergen Research. Global compound management market revenue growth is driven by increasing focus on biological research, rapid rise and development of the biopharmaceutical and biobanking sectors, and growing number of clinical trials. Compound management is a process of managing chemical libraries.
Systematic compound management is pivotal during the drug delivery process, where speed, throughput, traceability, and reliability are fundamental. Application of automated technology in compound management helps in faster processing, provides a much higher sample consistency in terms of accuracy of compound concentration, and maintains an even consistency of physical properties across multiple experimental runs.
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Some Key Findings From the Report:
- Outsourcing services segment is expected to register a 14.4% revenue CAGR throughout the forecast period. This can be attributed to increasing demand for outsourcing compound management services from pharmaceutical, biopharmaceutical companies, and CROs.
- Asia Pacific is expected to register the fastest revenue CAGR throughout the forecast period, which can be attributed to rising number of biotech and pharmaceutical companies and constant funding from private investors for R&D activities in countries in the region.
- Key players operating in the market are Brooks Automation, Hamilton Company, TTP Group, Labcyte, Biosero, Tecan, Evotec, Wuxi AppTec, Icagen, and TCG Lifescience.
Compound Management Market Segmentation:
For the purpose of this report, Emergen Research has segmented the global compound management market based on solution, sample type, application, end-use, and region:
- Solution Outlook (Revenue, USD Million; 2018–2028)
- Products
- Software
- Instruments
- Outsourcing Services
- Products
- Sample Type Outlook (Revenue, USD Million; 2018–2028)
- Chemical Compounds
- Biosamples
- Application Outlook (Revenue, USD Million; 2018-2028)
- Drug Discovery
- Gene Synthesis
- Biobanking
- Others
- End-Use Outlook (Revenue, USD Million; 2018–2028)
- Biopharma Companies
- Pharma Companies
- Biobank
- CRO
Regions Covered in This Report:
- North America(U.S., Mexico, and Canada)
- Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
- Europe(U.K., Germany, France, and Rest of Europe)
- Latin America(Brazil and Rest of Latin America)
- Middle East & Africa(GCC Countries and Rest of Middle East & Africa)
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Target Audience of the Global Compound Management Market report:
- Global Compound Management providers, distributors, traders, and suppliers
- End-use industries
- Research organizations, consulting companies, and various alliances interested in this particular business sphere.
- Government bodies, independent regulatory authorities, and policymakers.
Table Of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2028
Chapter 3. Key Insights
Chapter 4. Global Compound Management Market Segmentation & Impact Analysis
4.1. Global Compound Management Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand for customized medicine
4.2.2.2. Rising focus on drug discovery
4.2.3. Market restraints analysis
4.2.3.1. Lack of skilled professionals.
4.2.3.2. Requirement of high capital investment.
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
READ MORE…!
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