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Global Compound Management Market 2019-2028

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    Report

  • 201 Pages
  • October 2020
  • Region: Global
  • Triton Market Research
  • ID: 5174431

MARKET OUTLOOK

According to this report, the global market for compound management is anticipated to exhibit a CAGR of 14.50% during the projected period of 2019-2028.
Factors such as an increase in R&D activities in pharmaceutical and biotech sectors, along with a rise in clinical trials, are driving the growth of the market. Moreover, the biobanking sector is also propelling the progress of the compound management market. The surge in demand for specialized testing services is another factor generating multiple opportunities for the market’s development.

Furthermore, developing countries are also offering favorable opportunities for the market’s development. However, the incompatibility with global systems, coupled with the shortage of skilled laborers, obstructs the growth of the compound management market worldwide.

REGIONAL OUTLOOK

The global compound management market covers North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa regions.
Globally, North America holds the largest share in the compound management market, and is expected to continue its hold till 2028. The growth of the United States compound management market can be attributed to the increase in R&D activities by the pharmaceutical companies. They are concentrating on developing new leads to store a massive amount of samples with the third-party companies that are experts in compound management. This further helps them in reducing in-house R&D activities by outsourcing these studies through expert companies.

Further, the competition between biotechnology and pharmaceutical companies to reduce drug development costs is likely to boost the country's compound management market. In Canada, cancer is known as one of the primary causes of death. This has influenced several government institutes and societies to undertake research activities in the field of cancer treatments. For instance, the Ontario Institute for Cancer Research (OICR) conducts cross-disciplinary cancer research in multiple fields, including drug discovery and molecular pathology, with cohorts in the government sector. Hence, the government's investments in cancer research and drug discovery are expected to fuel the progress of the compound management market in Canada.

COMPETITIVE OUTLOOK

The key companies involved in the market include TCG Lifesciences Pvt Ltd, Beckman Coulter Inc, Axxam SpA, Brooks Life Sciences, SPT Labtech, Bioascent, Tecan Trading AG, Highres Biosolutions, Icagen Inc, Hamilton Company, Titian Software, Evotec, Liconic Systems, Biosero Inc, and WuXi AppTec.
Beckman Coulter Inc is a multinational company that develops, manufactures, and promotes diagnostic systems. It offers drug monitoring and detection, early sepsis indicator, and life science products. The Power Link Workcell, one of the company’s products, helps minimize manual tasks, and reduces biohazard risks. The company has more than 275,000 systems that operate in diagnostics and life science laboratories worldwide.

Table of Contents

1. Global Compound Management Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Growth in New Diseases Increases Need for R&D and Compound Management
2.2.2. Rise in Compound Management Market Consolidation
2.2.3. Increase in Personalized Medicine Creates Opportunities for Market
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Suppliers
2.3.4. Bargaining Power of Buyers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Market Drivers
2.6.1. Increase in R&D Activities in Pharmaceutical and Biotech Sectors
2.6.2. Growth in Clinical Trials
2.6.3. Biobanking Sector Pushing Growth of Market
2.7. Market Restraints
2.7.1. Incompatibility with Global Systems
2.8. Market Opportunities
2.8.1. Growing Demand for Specialized Testing Services
2.8.2. Growth Opportunities in Developing Countries
2.9. Market Challenges
2.9.1. Dearth of Skilled Professionals
2.10. Impact of COVID-19 on Compound Management Market
3. Global Compound Management Market Outlook - by Offering
3.1. Product
3.1.1. Instrument
3.1.1.1. Automated Compound/Sample Storage Systems
3.1.1.2. Manual Compound/Sample Storage Systems
3.1.1.3. Automated Liquid Handling Systems
3.1.2. Software
3.2. Services
4. Global Compound Management Market Outlook - by Sample Type
4.1. Chemical Compounds
4.2. Biosamples
5. Global Compound Management Market Outlook - by Application
5.1. Drug Discovery
5.2. Gene Synthesis
5.3. Biobanking
6. Global Compound Management Market Outlook - by End-User
6.1. Pharmaceutical Companies
6.2. Biopharmaceutical Companies
6.3. Contract Research Organisation
6.4. Others
7. Global Compound Management Market - Regional Outlook
7.1. North America
7.1.1. Market by Offering
7.1.1.1. Market by Product
7.1.1.1.1. Market by Instrument
7.1.2. Market by Sample Type
7.1.3. Market by Application
7.1.4. Market by End-User
7.1.5. Country Analysis
7.1.5.1. United States
7.1.5.2. Canada
7.2. Europe
7.2.1. Market by Offering
7.2.1.1. Market by Product
7.2.1.1.1. Market by Instrument
7.2.2. Market by Sample Type
7.2.3. Market by Application
7.2.4. Market by End-User
7.2.5. Country Analysis
7.2.5.1. United Kingdom
7.2.5.2. Germany
7.2.5.3. France
7.2.5.4. Spain
7.2.5.5. Italy
7.2.5.6. Russia
7.2.5.7. Rest of Europe
7.3. Asia-Pacific
7.3.1. Market by Offering
7.3.1.1. Market by Product
7.3.1.1.1. Market by Instrument
7.3.2. Market by Sample Type
7.3.3. Market by Application
7.3.4. Market by End-User
7.3.5. Country Analysis
7.3.5.1. China
7.3.5.2. Japan
7.3.5.3. India
7.3.5.4. South Korea
7.3.5.5. Asean Countries
7.3.5.6. Australia & New Zealand
7.3.5.7. Rest of Asia-Pacific
7.4. Latin America
7.4.1. Market by Offering
7.4.1.1. Market by Product
7.4.1.1.1. Market by Instrument
7.4.2. Market by Sample Type
7.4.3. Market by Application
7.4.4. Market by End-User
7.4.5. Country Analysis
7.4.5.1. Brazil
7.4.5.2. Mexico
7.4.5.3. Rest of Latin America
7.5. Middle East and Africa
7.5.1. Market by Offering
7.5.1.1. Market by Product
7.5.1.1.1. Market by Instrument
7.5.2. Market by Sample Type
7.5.3. Market by Application
7.5.4. Market by End-User
7.5.5. Country Analysis
7.5.5.1. United Arab Emirates
7.5.5.2. Turkey
7.5.5.3. Saudi Arabia
7.5.5.4. South Africa
7.5.5.5. Rest of Middle East & Africa
8. Competitive Landscape
8.1. Axxam Spa
8.2. Beckman Coulter Inc
8.3. Bioascent
8.4. Biosero Inc
8.5. Brooks Life Sciences
8.6. Evotec
8.7. Hamilton Company
8.8. Icagen Inc
8.9. Liconic Systems
8.10. TCG Lifesciences PVT Ltd
8.11. Tecan Trading Ag
8.12. Titian Software
8.13. SPT Labtech (Name Changed from TTP Labtech)
8.14. Wuxi Apptec
8.15. Highres Biosolutions
9. Methodology & Scope
9.1. Research Scope & Deliverables
9.2. Sources of Data
9.3. Research Methodology
List of Tables
Table 1. Global Compound Management Market, by Geography, 2019-2028 (In $ Million)
Table 2. Market Attractiveness Index
Table 3. Vendor Scorecard
Table 4. Global Compound Management Market, by Offering, 2019-2028 (In $ Million)
Table 5. Global Compound Management Market, by Product, 2019-2028 (In $ Million)
Table 6. Global Compound Management Market, by Instrument, 2019-2028 (In $ Million)
Table 7. Global Compound Management Market, by Sample Type, 2019-2028 (In $ Million)
Table 8. Global Compound Management Market, by Application, 2019-2028 (In $ Million)
Table 9. Global Compound Management Market, by End-User, 2019-2028 (In $ Million)
Table 10. Global Compound Management Market, by Geography, 2019-2028 (In $ Million)
Table 11. North America Compound Management Market, by Country, 2019-2028 (In $ Million)
Table 12. North America Compound Management Market, by Offering, 2019-2028 (In $ Million)
Table 13. North America Compound Management Market, by Product, 2019-2028 (In $ Million)
Table 14. North America Compound Management Market, by Instrument, 2019-2028 (In $ Million)
Table 15. North America Compound Management Market, by Sample Type, 2019-2028 (In $ Million)
Table 16. North America Compound Management Market, by Application, 2019-2028 (In $ Million)
Table 17. North America Compound Management Market, by End-User, 2019-2028 (In $ Million)
Table 18. Europe Compound Management Market, by Country, 2019-2028 (In $ Million)
Table 19. Europe Compound Management Market, by Offering, 2019-2028 (In $ Million)
Table 20. Europe Compound Management Market, by Product, 2019-2028 (In $ Million)
Table 21. Europe Compound Management Market, by Instrument, 2019-2028 (In $ Million)
Table 22. Europe Compound Management Market, by Sample Type, 2019-2028 (In $ Million)
Table 23. Europe Compound Management Market, by Application, 2019-2028 (In $ Million)
Table 24. Europe Compound Management Market, by End-User, 2019-2028 (In $ Million)
Table 25. Asia-Pacific Compound Management Market, by Country, 2019-2028 (In $ Million)
Table 26. Asia-Pacific Compound Management Market, by Offering, 2019-2028 (In $ Million)
Table 27. Asia-Pacific Compound Management Market, by Product, 2019-2028 (In $ Million)
Table 28. Asia-Pacific Compound Management Market, by Instrument, 2019-2028 (In $ Million)
Table 29. Asia-Pacific Compound Management Market, by Sample Type, 2019-2028 (In $ Million)
Table 30. Asia-Pacific Compound Management Market, by Application, 2019-2028 (In $ Million)
Table 31. Asia-Pacific Compound Management Market, by End-User, 2019-2028 (In $ Million)
Table 32. Latin America Compound Management Market, by Country, 2019-2028 (In $ Million)
Table 33. Latin America Compound Management Market, by Offering, 2019-2028 (In $ Million)
Table 34. Latin America Compound Management Market, by Product, 2019-2028 (In $ Million)
Table 35. Latin America Compound Management Market, by Instrument, 2019-2028 (In $ Million)
Table 36. Latin America Compound Management Market, by Sample Type, 2019-2028 (In $ Million)
Table 37. Latin America Compound Management Market, by Application, 2019-2028 (In $ Million)
Table 38. Latin America Compound Management Market, by End-User, 2019-2028 (In $ Million)
Table 39. Middle East and Africa Compound Management Market, by Country, 2019-2028 (In $ Million)
Table 40. Middle East and Africa Compound Management Market, by Offering, 2019-2028 (In $ Million)
Table 41. Middle East and Africa Compound Management Market, by Product, 2019-2028 (In $ Million)
Table 42. Middle East and Africa Compound Management Market, by Instrument, 2019-2028 (In $ Million)
Table 43. Middle East and Africa Compound Management Market, by Sample Type, 2019-2028 (In $ Million)
Table 44. Middle East and Africa Compound Management Market, by Application, 2019-2028 (In $ Million)
Table 45. Middle East and Africa Compound Management Market, by End-User, 2019-2028 (In $ Million)
List of Figures
Figure 1. Porter's Five Forces Analysis
Figure 2. Global Compound Management Market, by Product, 2019-2028 (In $ Million)
Figure 3. Global Compound Management Market, by Instrument, 2019-2028 (In $ Million)
Figure 4. Global Compound Management Market, by Automated Compound/Sample Storage Systems, 2019-2028 (In $ Million)
Figure 5. Global Compound Management Market, by Manual Compound/Sample Storage Systems, 2019-2028 (In $ Million)
Figure 6. Global Compound Management Market, by Automated Liquid Handling Systems, 2019-2028 (In $ Million)
Figure 7. Global Compound Management Market, by Software, 2019-2028 (In $ Million)
Figure 8. Global Compound Management Market, by Services, 2019-2028 (In $ Million)
Figure 9. Global Compound Management Market, by Chemical Compounds, 2019-2028 (In $ Million)
Figure 10. Global Compound Management Market, by Biosamples, 2019-2028 (In $ Million)
Figure 11. Global Compound Management Market, by Drug Discovery, 2019-2028 (In $ Million)
Figure 12. Global Compound Management Market, by Gene Synthesis, 2019-2028 (In $ Million)
Figure 13. Global Compound Management Market, by Biobanking, 2019-2028 (In $ Million)
Figure 14. Global Compound Management Market, by Pharmaceutical Companies, 2019-2028 (In $ Million)
Figure 15. Global Compound Management Market, by Biopharmaceutical Companies, 2019-2028 (In $ Million)
Figure 16. Global Compound Management Market, by Contract Research Organisation, 2019-2028 (In $ Million)
Figure 17. Global Compound Management Market, by Others, 2019-2028 (In $ Million)
Figure 18. Global Compound Management Market, Regional Outlook, 2019 and 2028 (In %)
Figure 19. United States Compound Management Market 2019-2028 (In $ Million)
Figure 20. Canada Compound Management Market 2019-2028 (In $ Million)
Figure 21. United Kingdom Compound Management Market 2019-2028 (In $ Million)
Figure 22. Germany Compound Management Market 2019-2028 (In $ Million)
Figure 23. France Compound Management Market 2019-2028 (In $ Million)
Figure 24. Spain Compound Management Market 2019-2028 (In $ Million)
Figure 25. Italy Compound Management Market 2019-2028 (In $ Million)
Figure 26. Russia Compound Management Market 2019-2028 (In $ Million)
Figure 27. Rest of Europe Compound Management Market 2019-2028 (In $ Million)
Figure 28. China Compound Management Market 2019-2028 (In $ Million)
Figure 29. Japan Compound Management Market 2019-2028 (In $ Million)
Figure 30. India Compound Management Market 2019-2028 (In $ Million)
Figure 31. South Korea Compound Management Market 2019-2028 (In $ Million)
Figure 32. Asean Countries Compound Management Market 2019-2028 (In $ Million)
Figure 33. Australia & New Zealand Compound Management Market 2019-2028 (In $ Million)
Figure 34. Rest of Asia-Pacific Compound Management Market 2019-2028 (In $ Million)
Figure 35. Brazil Compound Management Market 2019-2028 (In $ Million)
Figure 36. Mexico Compound Management Market 2019-2028 (In $ Million)
Figure 37. Rest of Latin America Compound Management Market 2019-2028 (In $ Million)
Figure 38. United Arab Emirates Compound Management Market 2019-2028 (In $ Million)
Figure 39. Turkey Compound Management Market 2019-2028 (In $ Million)
Figure 40. Saudi Arabia Compound Management Market 2019-2028 (In $ Million)
Figure 41. South Africa Compound Management Market 2019-2028 (In $ Million)
Figure 42. Rest of Middle East & Africa Compound Management Market 2019-2028 (In $ Million)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Axxam Spa
  • Beckman Coulter Inc
  • Bioascent
  • Biosero Inc
  • Brooks Life Sciences
  • Evotec
  • Hamilton Company
  • Icagen Inc
  • Liconic Systems
  • TCG Lifesciences PVT Ltd
  • Tecan Trading Ag
  • Titian Software
  • SPT Labtech (Name Changed from TTP Labtech)
  • Wuxi Apptec
  • Highres Biosolutions