Global Compound Management Market Size By Product And Service (Compound/Sample Management Products, Outsourcing Services), By Sample Type (Chemical Compounds, Bio Samples), By Application (Drug Discovery, Gene Synthesis, Bio Banking), By Geographic Scope And Forecast

Compound Management Market Size And Forecast

Compound Management Market size was valued at USD 282.3 Million in 2020 and is projected to reach USD 828.17 Million by 2028, growing at a CAGR of 14.4 % from 2021 to 2028.

The growing demand for outsourcing of chemical & biologics, growth in the bio banking sector, and the growing investment in the research & development of compound management are expected to drive compound management in the market over the predicted years. The Global Compound Management Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Compound Management Market Definition

Compound Management is characterized as the management of the libraries of chemicals. It includes the restoration of the chemicals that are outdated, databases having the data, the robotic technology frequently engaged with fetching the chemicals, and the control of quality related to the environment of storage. The chemicals are stored as physical quantities in a chemical library or libraries which are often assembled from both outside vendors and internal chemical synthesis efforts.

Each chemical in the storage bank must be monitored for shelf life, quantity, purity, and other parameters, and its banked location. Compounds that are used for research purposes start their journey from the collection then they are stored, then processed, and finally reaches the research labs for drug development.

Global Compound Management Market Overview

We're seeing a real surge in demand for outsourcing chemical & biologics and a boom in biobanking, which should really get compound management going over the next few years. Plus, all those new drug delivery projects and drug discovery efforts? They're expected to give the market a nice boost too. Look out for more collaborations and acquisitions from the big players, along with increasing investment in research & development; that’s all expected to fuel the market. However, it's not all smooth sailing. High investment costs and a lack of skilled pros could definitely slow things down.

Global Compound Management MarketSegmentation Analysis

The Global Compound Management Market is Segmented on the basis of Product And Service, Sample Type, Application, And Geography.

Compound Management Market, By Product And Service

• Compound/Sample Management Products• Outsourcing Services

Based on the Product And Service, the market is bifurcated into Compound/Sample Management Products and Outsourcing Services. The Outsourcing Services segment is expected to hold the largest market share. The factors can be attributed to the shift in trend towards outsourcing compound management to third-party service providers.

Compound Management Market, By Sample Type

• Chemical Compounds• Bio Samples

Based on the Sample Type, the market is bifurcated into Chemical Compounds and Bio Samples. The Chemical Compounds segment is predicted to hold the largest market share in the forecasted period as a large number of small molecule compounds are being screened and assayed during the process of drug discovery. Bio Samples are likely to grow with the fastest CAGR due to the rising demand for personalized medicines.

Compound Management Market, By Application

• Drug Discovery• Gene Synthesis• Bio Banking• Others

Based on Application, the market is bifurcated into Drug Discovery, Gene Synthesis, Bio Banking, and Others. The Bio Banking segment is anticipated to hold the largest market share. The factors can be credited for the growing number of organizations involved in the collection and storage of biomaterials and the rising emphasis on personalized medicines.

Compound Management Market, By Geography

• North America• Europe• Asia Pacific• Rest of the World

Based on regional analysis, the Global Compound Management Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by North America owing to the presence of the large pharmaceutical and biopharma industry. Leading pharma and biopharma companies have started building compound management facilities to maintain the productivity of such innovative drugs and biologics.

Key Players

The “Global Compound Management Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Brooks Life Sciences, Hamilton Company, Biosero, Tecan, Labcyte, and TTP Group.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

So, get thisback on April 10, 2021, Brooks Automation, Inc. (NasdaqBRKS) – you know, Brooks – announced they were planning a big change. They're splitting the company into two separate, private businesses that are currently sold publicly. One will be a clean gaming company, and will focus on market-leading solutions for sample and genomics services. They're even planning to rename it before the split is final, signaling its new strategic direction. This part of the business raked in $449 million in the year ending March 31, 2021. The other company will be a super advanced state-of-the-art company, specializing in semiconductor production solutions with a white base to expand into multimarket automation. This one? It'll keep the name Brooks Automation, honoring its long history. And it brought in $553 million in the twelve months leading up to March 31, 2021.

• On September 18, 2021 Hamilton Robotics, a Nevada company, announced it is going to join its parent company, Hamilton Company, also a Nevada corporation, under a formal merger that will take effect on November 30, 2018.

Report Scope

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We'll take a good look at the market using both numbers and more in-depth qualitative data, breaking it down by different segments based on things like economics. You'll get market value data in USD Billion for each of those segments and smaller sub-segments. We'll also point out which region and segment we think will grow the fastest and be the biggest. Geographically, we'll analyze product or service consumption, explaining the factors influencing the market in each area. Expect a competitive landscape review with market rankings of the big players, plus details on new launches, partnerships, expansions, and acquisitions from the last five years. We'll give you detailed company profiles including overviews, insights, product comparisons, and SWOT analyses for the major companies. You'll also get our view of the current and future market, considering recent events (growth opportunities, drivers, challenges, and restraints in both emerging and developed regions). We'll even dig into the market using Porter's five forces and give you insight through the Value Chain. Finally, we'll outline the market dynamics and growth opportunities expected in the coming years, all topped off with 6 months of analyst support after the sale.

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