The global compound management market size is expected to reach USD 826.2 Million in 2028 at a steady CAGR, according to latest analysis by Emergen Research.
The global compound management market size is expected to reach USD 826.2 Million in 2028 at a steady CAGR, according to latest analysis by Emergen Research. Rising demand for biologics and cell therapy development is a key factor driving the compound management market growth. Increasing focus on target validation will provide new opportunities in the compound management market over the forecast period. In addition, surge in research and development activities associated with drug discovery process will supplement the industry expansion.
Compound management is the process of storing, tracking, and maintaining chemical compounds used in drug discovery and development processes. It involves the use of software and hardware tools to manage large databases of compounds. Compound management includes several processes that are necessary for successful drug development. These processes include library construction & screening, target validation, hit-to-lead optimization, and lead optimization.
Global compound management market revenue growth is driven by higher demand for outsourced drug discovery research and development services, higher biopharmaceutical research and development spending, and increased adoption of integrated drug discovery platforms. However, the high cost of compound management solutions and services is expected to restraint market growth during the forecast period.
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The North America compound management market is anticipated to grow at a rapid pace over the forecast period, owing to surge in number of biopharmaceutical and pharmaceutical companies in the region. In addition, government initiatives to support research and development activities associated with drug discovery will propel the market growth in North America. For instance, in February 2018, the U.S. National Institutes of Health (NIH) announced that it would provide USD 190 million to fund cancer Moonshot Immunotherapy Biobank Program. The program will enable researchers to perform genomic and epigenomic profiling of donated tumor samples to develop personalized cancer treatments.
Some Key Findings From the Report
- Key players operating in the market are Brooks Automation, Hamilton Company, TTP Group, Labcyte, Biosero, Tecan, Evotec, Wuxi AppTec, Icagen, and TCG Lifescience.
- The key players operating in the compound management market are focused on offering integrated solutions to their clients to maintain their leading position in the industry. For instance, in February 2019, Brooks Automation, Inc. acquired ChemPartner Holdings Co., Ltd. to expand its drug discovery business. The acquisition will enable the company to provide integrated solutions in drug discovery, including compound management services.
- In February 2021, SPT Labtech acquired BioMicroLab. SPT Labtech is a UK-based company that manufactures microplates and automated liquid handling equipment. The acquisition will help the company to strengthen its product portfolio in the area of compound management.
- Outsourcing services are projected to be the fastest-growing segment of the compound management market during the forecast period. Outsourcing services help organizations in reducing costs, improving operational efficiency, and focus on their core competencies. The rising demand for CROs for drug discovery & development services and the need for compound management solutions and services among pharmaceutical & biotechnology companies are some of the major factors projected to drive the growth of this segment.
- Chemical Compounds are projected to be the fastest-growing segment of the compound management market during the forecast period due to their wide range of applications in the pharmaceutical industry. Chemical compounds are widely used as a therapeutic agent or a lead compound in drug discovery and development processes. The rising demand for small-molecule therapeutics and the growing focus on chemical biology are some of the major factors projected to drive the growth of this segment during the forecast period.
- The Asia Pacific compound management market is expected to grow at the highest CAGR during the forecast period. The Asia Pacific region is a key market for compound management due to the rapidly growing pharmaceutical and biotechnology industries in this region. The rising demand for outsourcing services, the presence of a large number of CROs, and the increasing focus on drug discovery & development are some of the major factors projected to drive the growth of this market in the Asia Pacific region during the forecast period.
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For the purpose of this report, Emergen Research has segmented the global compound management market based on solution, sample type, application, end-use, and region:
Solution Outlook (Revenue, USD Million; 2018–2028)
- Products
- Software
- Instruments
- Outsourcing Services
Sample Type Outlook (Revenue, USD Million; 2018–2028)
- Chemical Compounds
- Biosamples
Application Outlook (Revenue, USD Million; 2018-2028)
- Drug Discovery
- Gene Synthesis
- Biobanking
- Others
End-Use Outlook (Revenue, USD Million; 2018–2028)
- Biopharma Companies
- Pharma Companies
- Biobank
- CRO
Regional Outlook (Revenue: USD Million; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Spain
- Switzerland
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
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