The global compound management market size is expected to reach USD 1.5 billion by 2030, expanding at a CAGR of 15.8% from 2023 to 2030. The growing biopharmaceutical industry and biobanking sector are fuelling 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 to avoid photodegradation, can help ensure the consistency and longevity of samples.
Compounds of high integrity led to reliable results while locating drug candidates. Moreover, the collection, storage, and distribution of human biological samples support the development of the R&D industry. In addition, it aids to understand the mechanisms of diseases as well as supports 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, which enables the 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. The development of new technologies for compound screening, such as high-throughput screening (HTS), has led to an increase in the number of compounds that need to be managed. This has driven the growth of the compound management industry.
North America dominated the market in 2022 owing to a strong base of biotechnology and pharmaceutical companies in the region. These companies are involved in drug discovery activities, which, in turn, led to the growth of the market in the region. The Asia Pacific market is anticipated to grow fast over the forecast period. This is attributed to ongoing studies undertaken via private-public collaborations, drug discovery, and government initiatives in the region.
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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 to avoid photodegradation, can help ensure the consistency and longevity of samples.
Compounds of high integrity led to reliable results while locating drug candidates. Moreover, the collection, storage, and distribution of human biological samples support the development of the R&D industry. In addition, it aids to understand the mechanisms of diseases as well as supports 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, which enables the 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. The development of new technologies for compound screening, such as high-throughput screening (HTS), has led to an increase in the number of compounds that need to be managed. This has driven the growth of the compound management industry.
North America dominated the market in 2022 owing to a strong base of biotechnology and pharmaceutical companies in the region. These companies are involved in drug discovery activities, which, in turn, led to the growth of the market in the region. The Asia Pacific market is anticipated to grow fast over the forecast period. This is attributed to ongoing studies undertaken via private-public collaborations, drug discovery, and government initiatives in the region.
Compound Management Market Report Highlights
- The automated compound/sample storage systems segment was the largest in 2022, accounting for 43.5% of the market share. This is attributed to its ability to eliminate or reduce errors and save time
- Based on sample type, chemical compounds dominated the market in 2022 with the largest share of 52.6% due to the increasing drug discovery activities. It has resulted in an increased demand for compounds and positively affects the market growth
- The biobanking segment is anticipated to exhibit the fastest CAGR of 17.3% over the forecast period. The number of organizations involved in the collection and storage of human biomaterials keep growing, in line with the increasing use of human biomaterials in research as a replacement for animal models. This is anticipated to support the market growth
- North America led the market owing to the presence of large biopharmaceutical companies engaged in drug discovery and their requirement of huge maintenance for chemical libraries. Thus, to maintain the productivity of such biologics and drugs, most of the leading biopharma and pharma companies have started building storage facilities
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Table of Contents
Chapter 1 Research Methodology & Scope1.1 Market Segmentation And Scope
1.2 Market Definitions
1.2.1 Type
1.2.2 Sample
1.2.3 Application
1.2.4 End-Use
1.3 Research Methodology
1.4 Information Procurement
1.4.1 Information Analysis
1.4.2 Market Formulation & Data Visualization
1.4.3 Data Validation & Publishing
1.5 Research Scope And Assumptions
1.5.1 Commodity Flow Analysis
1.5.2 Top-Down Market Estimation
1.5.3 Country Based Segment Share Calculation
1.5.4 Multivariate Analysis
1.5.5 Compound Management Market: CARG Calculation
1.6 List Of Secondary Sources
1.7 List Of Abbreviations
1.8 Objectives
1.8.1 Objective - 1
1.8.2 Objective - 2
1.8.3 Objective - 3
1.8.4 Objective - 4
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.2.1 Segment Snapshot (Type & Sample Type)
2.2.2 Segment Snapshot (Application & End-Use)
2.3 Competitive Landscape Snapshot
Chapter 3 Compound Management Market: Variables, Trends, & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market
3.1.2 Ancillary Market Outlook
3.2 Market Driver Analysis
3.2.1 Market Driver Impact Analysis
3.2.1.1. High Disease Prevalence
3.2.1.2 Growing Drug Research Activities
3.2.1.3 Expansion Of Pharma & Biopharma Research In Emerging Market
3.2.1.4 Rising Demand For Outsourcing Compound Management Services
3.2.2 Market Restraint Impact Analysis
3.2.2.1 Quality Issues Related To Compound Management By The Outsourcing Providers
3.2.2.2 Large Capital Investments Required To Establish Compound Management Facilities
3.3 Industry Analysis
3.3.1 Porter’s Five Forces Analysis
3.3.2 Pestel Analysis
3.4 COVID-19 Impact on Compound Management Market
Chapter 4 Compound Management Market: Type Segment Analysis
4.1 Compound Management Market: Market Share Analysis, 2022 & 2030
4.2 Compound Management Market, by Phase Type, 2018 - 2030 (USD Million)
4.3 Product
4.3.1 Automated Compound/Sample Storage Systems
4.3.2 Automated Liquid Handling Systems
4.3.3 Others
4.4 Services
Chapter 5 Compound Management Market: Sample Segment Analysis
5.1 Compound Management Market: Market Share Analysis, 2022 & 2030
5.2 Compound Management Market, by Services, 2018 - 2030 (USD Million)
5.3 Chemical Compounds
5.4 Bio Samples
Chapter 6 Compound Management Market: Application Segment Analysis
6.1 Compound Management Market: Market Share Analysis, 2022 & 2030
6.2 Compound Management Market, by Application, 2018 - 2030 (USD Million)
6.3 Drug Discovery
6.4 Gene Synthesis
6.5 Biobanking
6.6 Others
Chapter 7 Compound Management Market: End-use Segment Analysis
7.1 Compound Management Market: Market Share Analysis, 2022 & 2030
7.2 Compound Management Market, by End-use, 2018 - 2030 (USD Million)
7.3 Pharmaceutical Companies
7.4 Biopharmaceutical Companies
7.5 Contract Research Organizations
7.6 Others
Chapter 8 Compound Management Market: Regional Analysis
8.1 Compound Management Market Regional Outlook
8.2 North America
8.2.1 North America Compound Management Market Estimates & Forecasts, 2018 - 2030 (USD Million)
8.2.2 U.S.
8.2.2.1 Key Country Dynamics
8.2.2.2 Competitive Scenario
8.2.2.3 Regulatory Framework
8.2.2.4 U.S. Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.2.3 Canada
8.2.3.1 Key Country Dynamics
8.2.3.2 Competitive Scenario
8.2.3.3 Regulatory Framework
8.2.3.4 Canada Compound Management Market Estimates And Forecasts, 2018-2030 (USD Million)
8.3 Europe
8.3.1 Europe Compound Management Market Estimates & Forecasts, 2018 - 2030 (USD Million)
8.3.2 U.K.
8.3.2.1 Key Country Dynamics
8.3.2.2 Competitive Scenario
8.3.2.3 Regulatory Framework
8.3.2.4 U.K. Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.3.3 Germany
8.3.3.1 Key Country Dynamics
8.3.3.2 Competitive Scenario
8.3.3.3 Regulatory Framework
8.3.3.4 Germany Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.3.4 France
8.3.4.1 Key Country Dynamics
8.3.4.2 Competitive Scenario
8.3.4.3 Regulatory Framework
8.3.4.4 France Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.3.5 Italy
8.3.5.1 Key Country Dynamics
8.3.5.2 Competitive Scenario
8.3.5.3 Regulatory Framework
8.3.5.4 Italy Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.3.6 Spain
8.3.6.1 Key Country Dynamics
8.3.6.2 Competitive Scenario
8.3.6.3 Regulatory Framework
8.3.6.4 Spain Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.3.7 Denmark
8.3.7.1 Key Country Dynamics
8.3.7.2 Competitive Scenario
8.3.7.3 Regulatory Framework
8.3.7.4 Spain Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.3.8 Sweden
8.3.8.1 Key Country Dynamics
8.3.8.2 Competitive Scenario
8.3.8.3 Regulatory Framework
8.3.8.4 Spain Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.3.9 Norway
8.3.9.1 Key Country Dynamics
8.3.9.2 Competitive Scenario
8.3.9.3 Regulatory Framework
8.3.9.4 Spain Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.4 Asia Pacific
8.4.1 Asia Pacific Compound Management Market Estimates & Forecasts, 2018 - 2030 (USD Million)
8.4.2 Japan
8.4.2.1 Key Country Dynamics
8.4.2.2 Competitive Scenario
8.4.2.3 Regulatory Framework
8.4.2.4 Japan Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.4.3 China
8.4.3.1 Key Country Dynamics
8.4.3.2 Competitive Scenario
8.4.3.3 Regulatory Framework
8.4.3.4 China Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.4.4 India
8.4.4.1 Key Country Dynamics
8.4.4.2 Competitive Scenario
8.4.4.3 Regulatory Framework
8.4.4.4 India Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.4.5 Australia
8.4.5.1 Key Country Dynamics
8.4.5.2 Competitive Scenario
8.4.5.3 Regulatory Framework
8.4.5.4 Australia Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.4.6 South Korea
8.4.6.1 Key Country Dynamics
8.4.6.2 Competitive Scenario
8.4.6.3 Regulatory Framework
8.4.6.4 South Korea Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.4.7 Thailand
8.4.7.1 Key Country Dynamics
8.4.7.2 Competitive Scenario
8.4.7.3 Regulatory Framework
8.4.7.4 South Korea Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.5 Latin America
8.5.1 Latin America Compound Management Market Estimates & Forecasts, 2018 - 2030 (USD Million)
8.5.2 Brazil
8.5.2.1 Key Country Dynamics
8.5.2.2 Competitive Scenario
8.5.2.3 Regulatory Framework
8.5.2.4 Brazil Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.5.3 Argentina
8.5.3.1 Competitive Scenario
8.5.3.2 Regulatory Framework
8.5.3.3 Argentina Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.5.4 Mexico
8.5.4.1 Key Country Dynamics
8.5.4.2 Competitive Scenario
8.5.4.3 Regulatory Framework
8.5.4.4 Mexico Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.5.6 Colombia
8.5.6.1 Competitive Scenario
8.5.6.2 Regulatory Framework
8.5.6.3 Colombia Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.6 Middle East & Africa (MEA)
8.6.1 MEA Compound Management Market Estimates & Forecasts, 2018 - 2030 (USD Million)
8.6.2 South Africa
8.6.2.1 Key Country Dynamics
8.6.2.2 Competitive Scenario
8.6.2.3 Regulatory Framework
8.6.2.4 South Africa Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.6.3 South Arabia
8.6.3.1 Key Country Dynamics
8.6.3.2 Competitive Scenario
8.6.3.3 Regulatory Framework
8.6.3.4 South Arabia Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.6.4 UAE
8.6.4.1 Key Country Dynamics
8.6.4.2 Competitive Scenario
8.6.4.3 Regulatory Framework
8.6.4.4 UAE Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
8.6.5 Kuwait
8.6.5.1 Key Country Dynamics
8.6.5.2 Competitive Scenario
8.6.5.3 Regulatory Framework
8.6.5.4 South Korea Compound Management Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 9 Compound Management Market: Competitive Landscape
9.1 Company Categorization
9.2 Participants’ Overview
9.3 Financial Performance
9.4 Strategy Mapping
9.4.1 Product Launch
9.4.2 Mergers & Acquisition
9.4.3 Others
9.5 Company Profile
9.5.1 Azenta US, Inc.
9.5.2 Tecan Trading AG
9.5.3 Hamilton Company
9.5.4 BioAscent
9.5.5 Titian Service Limited
9.5.6 Evotec
9.5.7 Beckman Coulter Inc.
9.5.8 LiCONiC AG
9.5.9 AXXAM S.p.A.
9.5.10 SPT Labtech LTD.
List of Tables
Table 1 Type segment definition
Table 2 Sample segment definition
Table 3 Application segment definition
Table 4 End use segment definition
Table 5 List of secondary sources
Table 6 List of abbreviations
Table 7 Compound Management Market, by Type, 2018 - 2030 (USD Million)
Table 8 Compound Management Market, by Product, 2018 - 2030 (USD Million)
Table 9 Compound Management Market, by Type, 2018 - 2030 (USD Million)
Table 10 Compound Management Market, by Application, 2018 - 2030 (USD Million)
Table 11 Compound Management Market, by end-use, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Compound Management Market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Data Analysis Models
Fig. 5 Market Formulation And Validation
Fig. 6 Data Validating & Publishing
Fig. 7 Commodity flow analysis
Fig. 8 Segment snapshot (Type & Sample type)
Fig. 9 Segment snapshot (Application & End-use)
Fig. 10 Healthcare Contract Research Organizations Market Value, 2022 (USD Million)
Fig. 11 Ancillary Market Value, 2022 (USD Billion)
Fig. 12 Porter’s five forces analysis
Fig. 13 PEST Analysis
Fig. 14 Compound management market phase type outlook: Segment dashboard
Fig. 15 Compound management market: type movement analysis
Fig. 16 Product market, 2018 - 2030 (USD Million)
Fig. 17 Automated compound/sample storage systems market, 2018 - 2030 (USD Million)
Fig. 18 Automated liquid handling systems market, 2018 - 2030 (USD Million)
Fig. 19 Others market, 2018 - 2030 (USD Million)
Fig. 20 Services market, 2018 - 2030 (USD Million)
Fig. 21 Compound management market sample outlook: Segment dashboard
Fig. 22 Compound management market: Sample movement analysis
Fig. 23 Chemical compounds market, 2018 - 2030 (USD Million)
Fig. 24 Bio samples market, 2018 - 2030 (USD Million)
Fig. 25 Compound management market application outlook: Segment dashboard
Fig. 26 Compound management market: application movement analysis
Fig. 27 Drug discovery market, 2018 - 2030 (USD Million)
Fig. 28 Gene Synthesis market, 2018 - 2030 (USD Million)
Fig. 29 Biobanking market, 2018 - 2030 (USD Million)
Fig. 30 Others market, 2018 - 2030 (USD Million)
Fig. 31 Compound management market end-use outlook: Segment dashboard
Fig. 32 Compound management market: end-use movement analysis
Fig. 33 Pharmaceutical companies market, 2018 - 2030 (USD Million)
Fig. 34 Biopharmaceutical companies market, 2018 - 2030 (USD Million)
Fig. 35 Contract research organizations market, 2018 - 2030 (USD Million)
Fig. 36 Others market, 2018 - 2030 (USD Million)
Fig. 37 Copper fungicides market revenue, by region, 2022 & 2030 (USD Thousand)
Fig. 38 Regional marketplace: Key takeaways
Fig. 39 Regional marketplace: Key takeaways
Fig. 40 North America Compound management market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 41 Key country dynamics
Fig. 42 U.S. Compound management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 43 Key country dynamics
Fig. 44 Canada Compound Management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 45 Europe Compound management market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 46 Key country dynamics
Fig. 47 U.K. Compound Management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 48 Key country dynamics
Fig. 49 Germany Compound Management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 50 Key country dynamics
Fig. 51 France Compound Management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 52 Key country dynamics
Fig. 53 Italy Compound Management market estimates and forecasts, 2018-2030, (USD Million
Fig. 54 Key country dynamics
Fig. 55 Spain Compound Management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 56 Asia Pacific Compound management market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 57 Key country dynamics
Fig. 58 Japan Compound management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 59 Key country dynamics
Fig. 60 China Compound management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 61 Key country dynamics
Fig. 62 India Compound management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 63 Key country dynamics
Fig. 64 India Compound management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 65 Key country dynamics
Fig. 66 South Korea Compound management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 67 Latin America Compound management market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 68 Key country dynamics
Fig. 69 Brazil Compound management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 70 Argentina Compound management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 71 Key country dynamics
Fig. 72 Mexico Compound management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 73 Colombia Compound management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 74 MEA Compound management market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 75 Key country dynamics
Fig. 76 South Africa Compound Management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 77 Key country dynamics
Fig. 78 South Arabia Compound Management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 79 Key country dynamics
Fig. 80 UAE Compound Management market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 81 Key company categorization
Fig. 82 Strategic framework
Companies Mentioned
- Azenta US, Inc.
- Tecan Trading AG
- Hamilton Company
- BioAscent
- Titian Service Limited
- Evotec
- Beckman Coulter Inc.
- LiCONiC AG
- AXXAM S.p.A.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 187 |
| Published | March 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 466.3 Million |
| Forecasted Market Value ( USD | $ 1500 Million |
| Compound Annual Growth Rate | 15.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
