Compound Management Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Jan 2021 | No. of Pages : 250 Pages | Category : Healthcare

global Compound Management market size is expected to be worth around US$ 885.11 million by 2028, according to a new report by Vision Research Reports.

The global Compound Management market size was valued at US$ 258.5 million in 2020 and is anticipated to grow at a CAGR of 16.9% during forecast period 2021 to 2028.

Growth Factors

Growing biopharmaceutical industry and bio banking sector is fueling the market growth.The growth of translational research and personalized medicine is driving the market.

Efficient compound management is tremendously important for the success of drug discovery, where traceability, reliability, speed, and throughput are fundamental. Maintaining samples at the precise temperature, under nitrogen or dry air to prevent fluctuations of stock concentrations, and in a dark environment in order to avoid photo degradation, can help ensure consistency and longevity of samples.

Compounds of a high integrity lead to reliable results while locating drug candidates. Moreover, the collection, storage, and distribution of human biological samples supports the development of the R&D industry. In addition, it aids to understand the mechanisms of diseases as well as support the trend to provide personalized medicines.

Automated storage systems eliminate or reduce the risks and provide reliable and correct environmental conditions to protect samples from precipitation or degradation. A management system like Verso tracks sample data, including location and type, enables quick and easy finding of the sample. The fully automated systems improve the process of drug discovery by eliminating error-prone and time-consuming tasks.

Report Highlights

Based on type, the market is segmented into products and services. The product segment is segmented into automated compound/sample storage systems, automated liquid handling systems, and other compounds/sample storage systems which includes capper/decapper systems.

The product segment dominated the market for compound management with a share of 65.1% in 2020. It is anticipated to lead the market owing to the increasing demand for automation to manage the compound and libraries. Plates, tubes, and vials can be managed by an automated liquid handler and automated compound store equipment to permit plate stamping compound tracking and reformatting.

Automated storage systems enhance overall efficiency as well as reliability thus allowing users to focus attention on high-value activities. Many updated processes comprise of complete integration of storage systems with workstations of sample processing that contains pipetting robots. Novel systems are also providing the flexibility required for smaller companies to benefit from the integration of the system. For instance, the Verso automated storage system offers a range of adaptable configurations, comprising an entry-level Verso SE series to suit the changing needs of compound storage.

Based on the sample, the market is divided into chemical compounds and biosamples. The chemical compound segment was identified as the largest segment accounting for 53.0% of the entire market share. This is largely due to a large number of small molecule compounds being screened and assayed during the process of drug discovery.

The biosample segment is anticipated to exhibit the fastest CAGR of 17.5% over the forecast period. The increasing demand for personalized medicines is fueling the market growth. Biological samples are the vital assets of medical research. Different biospecimens stored at biobanks are observing significant demand due to the developments in cell-based research activities. As per the FDA recommendations, the discovery and development of biomarkers are essential for biotechnology and pharmaceutical companies in the process of R&D.

Based on application, the global market for compound management is segmented into drug discovery, gene synthesis, biobanking, and others, which includes forensic science. Drug discovery is projected to grow significantly over the forecast period. Developing a drug is a costly, lengthy, and complicated process and requires various advanced techniques to check its process.

High Throughput Screening is used to screen a large number of compounds with a biological target. The data on activity against the target is collected from a broad library. Drug Discovery is used to identify more active compounds. Hence, an increase in the activity of drug discovery is anticipated to create a huge demand.

The biobanking segment is also anticipated to grow rapidly owing to the increasing number of organizations involved in the collection and storage of the biomaterials. Also, increasing emphasis on personalized medicines is driving the need for biobanking. Besides, the need for quality biospecimens that are used to support research is expected to increase. Thus, the abovementioned factors are anticipated to support the growth of the segment.

Based on end-use, the global market for compound management is segmented into pharmaceutical companies, biopharmaceutical companies, contract research organizations (CROs), and others which includes government, research, and academic institutes. The pharmaceutical companies segment is anticipated to lead the market with a share of 34.2% owing to the increasing drug discovery activity that is leading to an increased demand for the compounds, thereby positively affecting the market growth.

The biopharmaceutical segment is anticipated to exhibit the highest CAGR over the forecast period. Increased biologic production and emergence of biosimilars are anticipated to propel the segment’s growth over the forecast period. Also, rising R&D investments in biopharmaceutical companies, and the growing prevalence of chronic diseases will drive the segment.

Based on geography, North America dominated the market for compound management in 2020 with a market share of 42.0%. This is due to the strong base of pharmaceutical and biotechnology companies that are involved in drug discovery activity. Thus, there is an increasing demand for services in this region. Moreover, the increase in disease-related morbidity and mortality has led to the discovery of more drug candidates, thereby driving the growth in this region.

Key Players

  • Brooks Life Sciences

  • Tecan

  • Hamilton Company

  • BioAscent

  • Titian Service Limited

  • Evotec

  • Beckman Coulter Inc

  • LiCONiC systems

  • AXXAM S.p.A.

  • TTP Labtech

Market Segmentation

  • Type Outlook 

    • Products

      • Automated Compound/Sample Storage Systems

      • Automated Liquid Handling Systems

      • Other Compound/Sample Storage Systems

    • Service

  • Sample Type Outlook 

    • Chemical Compounds

    • Bio Samples

  • Application Outlook 

    • Drug Discovery

    • Gene Synthesis

    • BioBanking

    • Others

  • End-Use Outlook 

    • Pharmaceutical Companies

    • Biopharmaceutical Companies

    • Contract Research Organizations 

    • Others (Research and Academic Institutes)

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

    • MEA

      • South Africa

      • Saudi Arabia

      • UAE

The Compound Management market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Compound Management market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Compound Management market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Compound Management market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Compound Management market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Compound Management capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Compound Management by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Compound Management market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Compound Management market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Compound Management market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Compound Management industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Compound Management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Compound Management market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Compound Management market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Compound Management market. These factors have benefited the growth of the global market for Compound Management. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Compound Management. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Compound Management are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.

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