Global Compound Management Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Compound Management Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Type (Product (Automated Compounds/Sample Storage Systems, Automated Liquid Handling Systems, and Other Compounds/Sample Storage Systems), and Service), Sample Type (Chemical Compounds, and Bio Samples), Application (Drug Discovery, Gene Synthesis, Bio Banking, and Other Applications), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Compound Management Market was valued at USD 552.3 million in 2023 and is expected to reach USD 1,785.7 million by 2031 while growing at a CAGR of 15.8% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global compound management market growth. Compound management involves the systematic storage, retrieval, and tracking of chemical compounds, biological samples, and associated data in research or drug discovery. It is vital in pharmaceutical, biotechnology, chemistry, and materials science research. The primary objective is efficient handling and organization of diverse entities for experiments, screening, and other research activities, encompassing various key components.
Rise in research and development across various sectors and a growing emphasis on biopharmaceuticals, such as biologics and biosimilars, are expected to drive compound management market growth. Despite this, challenges like high initial investment costs and data security concerns may hinder market expansion.
Furthermore, the global compound management industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Type Analysis
The Global Compound Management Market is segmented among Product, and Service, based on type. In 2023, Product accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Sample Type Analysis
The Global Compound Management Market is segmented among Chemical Compounds, and Bio Samples, based on Sample Type. In 2023, Chemical Compounds accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Compound Management Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are AXXAM SpA, Beckman Coulter Inc., BioAscent, Brooks Life Sciences, Evotec, Hamilton Company, LiCONiC AG, SPT Labtech, Tecan Trading AG, and Titian Software Limited
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Compound Management Market Dynamics
Drivers
Restraints
Opportunity
4. Global Compound Management Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Compound Management Market Segmentation, By Type
Global Compound Management Market Share Analysis, By Type
Global Compound Management Market Growth Analysis, By Type
Global Compound Management Market Trends, By Type
o Product
Ø Automated Compounds/Sample Storage Systems
Ø Automated Liquid Handling Systems
Ø Other Compounds/Sample Storage Systems
o Service
6. Global Compound Management Market Segmentation, By Sample Type
Global Compound Management Market Share Analysis, By Sample Type
Global Compound Management Market Growth Analysis, By Sample Type
Global Compound Management Market Trends, By Sample Type
o Chemical Compounds
o Bio Samples
7. Global Compound Management Market Segmentation, By Application
Global Compound Management Market Share Analysis, By Application
Global Compound Management Market Growth Analysis, By Application
Global Compound Management Market Trends, By Application
o Drug Discovery
o Gene Synthesis
o Bio Banking
o Other Applications
8. Global Compound Management Market Segmentation, By Region
Global Compound Management Market Share Analysis, By Region
Global Compound Management Market Growth Analysis, By Region
Global Compound Management Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
AXXAM SpA*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Beckman Coulter Inc.
BioAscent
Brooks Life Sciences
Evotec
Hamilton Company
LiCONiC AG
SPT Labtech
Tecan Trading AG
Titian Software Limited
*Similar analysis will be provided for each company listed above.
