Compound Management - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Compound Management Market is accounted for $215.33 million in 2018 and is expected to reach $851.22 million by 2027 growing at a CAGR of 16.5% during the forecast period. Development of the bio-banking sector, rising outsourcing of sample management and high improvement in the biopharmaceutical industry are the major factors driving the market growth. However, the large capital investments required to establish market facilities are restraining market growth.
Compound Management also referred to as Compound Control, is defined as the management of chemical libraries, including the renewal of outdated chemicals, databases containing the information, robotics often involved in fetching chemicals, and quality control of the storage environment.
Based on the sample type, the segment of the biological sample is likely to have a huge demand due to the increasing demand for personalized medicines. Different bio-specimens stored at bio-banks are observing significant demand because of the improvements in cell-based research activities. By geography, North America is going to have a lucrative growth during the forecast period due to the strong base of pharmaceutical and biotechnology companies that are involved in drug discovery activity.
Some of the key players profiled in the Compound Management Market include Wuxi Apptec, TTP Group, Tecan, TCG Lifesciences, Labcyte, Icagen, Hamilton Company, Frontier Scientific, Evotec, Brooks Automation, and Biosero.
Sample Types Covered:
• Biological Samples
• Chemical Compounds
• Outsourcing Services
• Compound/Sample Management Products
End Users Covered:
• Biopharmaceutical Companies
• Pharmaceutical Companies
• Contract Research Organizations (CRO)
• Other End Users
• Gene Synthesis
• Drug Discovery
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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