Global Compound Management Market is Expected to Grow at 14.9% in the Forecast Period of 2021 to 2028

Compound Management Market is growing with factors such as increasing involvement of AI in drug development workflow, increase in outsourcing compound management. The number of companies involved in drug development is investing in the artificial intelligence for promoting drug discovery services. This involvement will raise the interest of the AI driven drug discovery and compound management services and is expected to act as driver in the market. However, high capital requirement for facility may obstruct the growth of the market in the given forecast period.

Global Compound Management Market Scenario                  

According to Data Bridge Market Research, the market for compound management in North America region has the highest market share. Market leader is Brooks Life Sciences and Tecan Trading AG, which accounts an estimated market share of approximately 20.36% and 18.17%. The company has gained outstanding sale through providing automated product and compound management services. For instance, in September 2018, Tecan Trading AG announced that they had acquired Nugen Technologies this was done for the purpose of business expansion and has helped in increasing the Tecan Trading AG overall revenue.

Compound Management MarketTrends Impacting the Market

Now the question is which other regions Brooks Life Sciences (A division of Brooks Automation, Inc.) and Tecan Trading AG are targeting? Data Bridge Market Research has estimated a large growth in North America compound management market and the market leaders targeting U.S., Canada and Mexico to be their next revenue pockets for 2021.

The compound management market is becoming more competitive with companies such as Brooks Life Sciences (A division of Brooks Automation, Inc.) and Tecan Trading AG as they are the top dominating companies in compound management having maximum number of products and services. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global compound management market.

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Global Compound Management Market Development

  • In January 2016, Hamilton Company’s subsidiary Hamilton Storage GmBH made a successful installation of its product Verso automated sample management which was purchased by the major European pharmaceutical company. This development has helped in increasing the automated sample management product portfolio and enhances the revenue of the company.

Scope of the Global Compound Management Market

Global compound management market is segmented on the basis of geography into the North America, Europe, Asia-Pacific, South America and Middle East and Africa. These regions are further segmented into 30 major countries such as the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Switzerland, Netherlands, Belgium, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Israel, Egypt and Rest of Middle East and Africa.

  • All country-based analysis of global compound management market is further analyzed based on further segmentation. On the basis of product & services, the compound management market is segmented into compound/sample management products and outsourcing services. On the basis of sample type, the compound management market is segmented into chemical compounds and biosamples. On the basis of process, the compound management market is segmented into high-throughput screening, fragment based screening and lead optimization. On the basis of application, the compound management market is segmented into drug discovery, preclinical discovery, gene synthesis, bio banking and others. On the basis of compound library size, the compound management market is segmented into small & medium libraries and large libraries. On the basis of end user, the compound management market is segmented into pharmaceuticals companies, biopharmaceutical companies, contract research organizations, research and academic institutes and others. On the basis of distribution channel, the compound management market is segmented into direct sales and third party distribution.

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Key Pointers Covered in Global Compound Management Market Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries

Key Market Competitors Covered in the Report

  • HighRes Biosolutions
  • BioAscent
  • Titian Software Limited
  • LiCONiC AG
  • AXXAM S.p.A., SPT Labtech
  • TCG Lifesciences Private Limited
  • Specs Compound Handling B.V.
  • Brooks Life Sciences (A division of Brooks Automation, Inc.)
  • Tecan Trading AG
  • Hamilton Company
  • Evotec SE
  • Pharmaron
  • WuXi AppTec
  • LABCYTE INC.

Above are the key players covered in the report, to know about more and exhaustive list of compound management market companies’, contact us https://www.databridgemarketresearch.com/reports/global-compound-management-market

Research Methodology: Global Compound Management Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Chief Level Officers, Product and Marketing Manager, Distributors, Buyers.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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