Compound Management Market (By Type: Products, Service; By Sample Type: Chemical Compounds, Bio Samples; By Application, By End Use) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2030

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

The global compound management market size is expected to be worth around US$ 2.1 billion by 2030 from valued at US$ 450 million in 2021 and is anticipated to grow at a CAGR of 17% during forecast period 2022 to 2030.

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.

Type Insights

The products segment dominated the market with a revenue share of over 61% in 2021. The products segment is segmented into automated compound/sample storage systems, automated liquid handling systems, and other compounds/sample storage systems. The growing demand for automation to manage the compound and libraries is expected to propel the segment growth. Plate stamping, compound tracking, and reformatting can all be accomplished with the use of an automated liquid handler and automated compound store equipment. Automated storage systems improve overall efficiency and reliability, allowing users to focus on high-value activities. Many updated processes include the complete integration of storage systems with sample processing workstations that include pipetting robots. Smaller businesses can also benefit from system integration thanks to novel systems. The Verso automated storage system, for example, offers a variety of adjustable configurations to meet the changing needs of compound storage.

The service segment is expected to expand at the fastest rate of 17% across the forecast period. The rise in drug discovery activities, the growing need to manage the compound management services, and the increasing need to save costs associated with drug discovery are some of the key factors fueling the growth of the service segment. Over the years, the demand for outsourcing compound management services has improved as pharma and biotech industries are focusing on core competencies and outsourcing non-core functions. A significant number of small and medium-sized companies lacking infrastructure for compound management is further expected to improve the demand for compound management outsourcing services and thus is likely to have a positive impact on the segment growth.

Application Insights

Drug discovery held the largest revenue share of over 36% in 2021 and 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 large demand. Based on application, the market for compound management is segmented into drug discovery, gene synthesis, biobanking, and others, which include forensic science.

The biobanking segment is anticipated to register a lucrative CAGR of 17% across the forecast period owing to the increasing number of organizations involved in the collection and storage of biomaterials. In addition, an increasing emphasis on personalized medicine 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.

End-use Insights

The pharmaceutical companies segment held the largest revenue share of over 31% in 2021 owing to the increasing drug discovery activity that is leading to an increased demand for the compounds, thereby positively affecting the market growth. Based on end-use, the global market for compound management is segmented into biopharmaceutical companies, contract research organizations (CROs), pharmaceutical companies, and others, which include government, research, and academic institutes.

The biopharmaceutical companies segment is anticipated to exhibit the highest CAGR of 16.5% over the forecast period. Increased biologic production and the emergence of biosimilar are anticipated to propel the segment growth over the forecast period. In addition, rising R&D investments in biopharmaceutical companies and the growing prevalence of chronic diseases will drive the segment.

Sample Type Insights

The chemical compounds segment held the largest revenue share of over 51% in 2021. This is largely due to a large number of small molecule compounds being screened and assayed during the process of drug discovery. Apart from this, there are a high number of chemicals used in drug discovery, which are required to be stored and managed throughout the drug discovery process, further promoting the segment growth. Based on sample type, the market is divided into chemical compounds and bio samples.  

The bio samples segment is anticipated to exhibit the fastest CAGR of 16% over the forecast period. The increasing demand for personalized medicines is fueling the market growth. Biological samples are vital assets of medical research. Different bio specimens 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.

Regional Insights

North America dominated the market for compound management with a revenue share of over 41% in 2021. This is due to the fact that a large number of pharmaceutical and biotechnology firms are involved in drug discovery in the region. As a result, there is an increasing demand for services in this region. Furthermore, the rise in disease-related morbidity and mortality has resulted in the identification of more drug candidates, fueling growth in this region. Favorable initiatives by public organizations for drug discovery and research are further promoting the regional market growth.

Asia Pacific is expected to register the fastest growth rate of 17.6% over the forecast period. Factors that are likely to propel regional market growth include ongoing drug discovery research, private-public collaborations, and government initiatives. Because of favorable government support, Japan contributed significantly to the market growth. The revised Pharmaceutical Affairs Law in Japan supports research activities in tissue diagnostics and cancer, which is expected to drive the market in this country in the near future. Furthermore, the low cost of outsourcing compound management services in Asia Pacific countries and the high prevalence of chronic and infectious diseases in the region are driving the demand for research, thus contributing to the regional market growth.

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

      • 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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