Compound Management Market Size, Share, Growth Report 2032

Compound Management Market: Size

According to the report, the global compound management market size was valued at approximately USD 427.13 million in 2023, and is expected to generate revenue of around USD 1,502.59 million by end of 2032, growing at a CAGR of around 15.00% between 2024 and 2032.

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The report covers forecast and analysis for the compound management market on a global and regional level. The study provides historic data from 2018 to 2022 along with forecast from 2024 to 2032 based on revenue (USD Million).

Compound Management Market: Overview

Chemical libraries are critical source of information for pharmaceutical companies in the process of drug discovery. Chemical libraries are used in hit to lead process of drug discovery using high-throughput screening. The chemical libraries are maintained in strictly controlled environmental conditions with regular monitoring of purity, quantity, impurities, shelf life and other parameters. The biological compounds such as peptides, nucleic acids, purified proteins, monoclonal antibodies, enzymes etc. need proper management and maintenance. Compound management usually refers to management of these chemicals and biologics with database preparation and maintenance, renewal of outdated chemicals and quality control of overall storage environment and other related activities. Compound management is both laborious work and also includes significant expenses.  Various automated systems are available in the market for compound management which manage compound libraries more efficiently.

The demand for compound management market is driven by increasing investments in R&D, growing drug discovery projects across the globe, surge in number of chemical libraries, technological advancements, growth in biopharmaceutical industry and increasing demand for outsourcing of chemicals and biologics. However, high initial capital investment may act as restraining factors for the market growth. Focus of major manufacturers on business expansion in emerging market may act as major opportunity of compound management market.

The study includes drivers and restraints for the compound management market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the compound management market on a global as well as regional level.

In order to give the users of this report a comprehensive view on the compound management market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate and general attractiveness.

The report provides company market share analysis in order to give a broader overview of the key players in the compound management market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new type launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the compound management market on global and regional basis.Compound Management Market Segmentation

Compound Management Market: Segmentation

The study provides a crucial view on the compound management by segmenting the market based on type, sample type, application, end user and region. All the segments of compound management market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on type, global compound management market is bifurcated into services and products. Products segment is sub segmented into software, automated liquid handling systems, automated compound/sample storage systems and other compound/sample storage systems. The products segment accounted for largest market share in 2018 whereas services segment is expected to witness rapid CAGR over the forecast period due to increasing demand for outsourcing services. Technological advancements and availability of automated systems are factors that attribute to large market share of product segment.

Based on sample type, market is segmented into bio samples and chemical compounds. Chemical compounds sample type segment held largest market share in 2018. High number of chemical compounds and high cost of automated systems are factors that attribute to the largest market share of chemical compounds. Bio sample segment will register highest growth during the forecast period owing to increasing demand for biologics over chemical compounds.

Based on application segment, the market is divided into bio banking, gene synthesis, drug discovery and other applications. Drug discovery application segment held largest market share due to increasing number of drug discovery projects and increasing R&D investments. Gene synthesis application segment will grow at rapid CAGR over the forecast period.

Based on end users, market is segmented into Contract research organizations, biopharmaceutical companies, pharmaceutical companies, and others. Pharmaceutical companies dominated the compound management market in 2018 with almost one third market share owing to availability of R&D infrastructure, and increasing drug discovery activities. Contract research organizations end user segment is expected to witness rapid growth over the forecast period.

Compound Management Market: Report Scope

Compound Management Market Regional Analysis

North America dominated the global compound management market in 2018. Presence of developed R&D infrastructure, growing drug discovery projects, presence of major biopharmaceutical and pharmaceutical companies and technological advancements are factors driving the market in this region. Europe was second largest regional market. Rise in R&D spending, presence of developed infrastructure, and growing demand for outsourcing services are some of factors that boost market growth in this region. Latin America is expected to witness moderate growth over the forecast period. Asia Pacific region will exhibit highest growth for compound management market in the coming years. Growing biopharmaceutical and pharmaceutical industries, increasing chronic disease burden, increasing geriatric population base, increasing R&D spending and focus on infrastructure improvement are factors promoting compound management market growth in Asia Pacific. Lack of awareness, funds and infrastructure may attribute to slower growth in Middle East and Africa.

Compound Management Market Key Players

Major players included in the report are:

• TCG Lifesciences
• Wuxi Apptec
• Icagen
• Evotec
• Biosero
• Labcyte
• TTP Group
• Hamilton Company
• Tecan
• Brooks Automation
• Frontier Scientific

The report segment of global compound management market as follows:

Global Compound Management Market: By Type

• Products
  • Software
  • Automated Compound/Sample Storage Systems
  • Automated Liquid Handling Systems
  • Other Compound/Sample Storage Systems
• Services

Global Compound Management Market: By Sample Type

• Chemical Compounds
• Bio samples

Global Compound Management Market: By Application

• Drug Discovery
• Gene Synthesis
• Bio Banking
• Other applications

Global Compound Management Market: By End User

• Pharmaceutical companies
• Research laboratories
• Contract research organizations
• Other end users

Global Compound Management Market: By Region

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa