Global Compound Management Market is expected to grow with the CAGR of 14.9% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global compound management market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global compound management market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement into the market. This helped companies to maximize the sales with enhanced product portfolio. For instance, in December 2017, Evotec SE announced the plans on how they extend their sample management activities through the expansion of the service agreement with Sanofi. The agreement was for making a global sample management centralised hub in Toulouse. This expansion has helped in increasing the outsourcing services portfolio of the company and help to expand the market share.

Brooks Life Sciences (A division of Brooks Automation, Inc.) is the dominating player in global compound management market. The other key players existing in the market includes HighRes Biosolutions, BioAscent, Titian Software Limited, LiCONiC AG, AXXAM S.p.A., SPT Labtech, TCG Lifesciences Private Limited, Specs Compound Handling B.V., Tecan Trading AG, Hamilton Company, Evotec SE, Pharmaron, WuXi AppTec, and LABCYTE INC among others.

Brooks Life Sciences (A division of Brooks Automation, Inc.)

Brooks Life Sciences (A division of Brooks Automation, Inc.) was incorporated in 2011 and is headquartered in Chelmsford, Massachusetts. The company is focused on successfully accelerating the breakthroughs by developing sample management solutions that align with the work process to treat devastating diseases. The company provides products such as automated storage systems, informatics system, sample consumables & instruments, sterilization services, microplate coding services, promotions among which automated storage systems, informatics system is the market focused category.

For instance-

• In August 2020, Brooks Life Sciences (A division of Brooks Automation, Inc.) announced that they have launched a new product BioStore IIIv, an automated next-generation alternative to manual -80°C mechanical freezers. BioStore IIIv provides the documentation rigor when managing high-value inventories which require repeatable processes. By these announcements, Brooks Life Sciences have increased their product portfolio after adding up of this new product.

The company has presence across North America, Europe, and Asia-Pacific and also has subsidiaries such as Genewiz (New Jersey), 4titude Ltd (U.K), BioSpeciMan Corporation (Canada), RURO, Inc. (U.S) and Brooks Life Sciences GmbH (Germany) among others.

Tecan Trading AG

Tecan Trading AG is headquartered in Männedorf, Switzerland and was founded in 1980. The company is focused on empowering every laboratory every day around the world with the technology product and support. The company has business segments such as life sciences business, partnering business and life sciences business is the marker focused segment and company provide products such as life sciences, diagnostic among which life sciences is the market focused product.

• In May 2019, Tecan Trading AG announced that they have successfully acquired a major key part supplier company. The company have got benefit from the long-term supply of high quality precision-machined parts and realize cost savings by internalizing their supply.

The company has wide presence across North America, South America, Europe, and Asia-Pacific and also have the subsidiaries such as IBL International GmbH (Hamburge), Tecan Schweiz AG (Männedorf, Zurich), Tecan Software Competence Center GmbH (Mainz-Kastel), Tecan Iberica Instrumentacion S.L. (Barcelona), and Tecan Benelux B.V.B.A. (Mechelen) among others.

Evotec SE

Evotec SE was founded in 1993 and is headquartered in Hamburg, Germany. The company is focused on addressing the drug discovery solutions in different disease area and serving the pharmaceutical and biotechnology companies worldwide. For compound management the company provide services under EVT Execute, EVT Innovate segment for sample management among which EVT Execute is the marker focused category.

For instance-

• In December 2017, Evotec SE announced the plans on how they extend their sample management activities through the expansion of the service agreement with Sanofi. The agreement was for making a global sample management centralised hub in Toulouse. This expansion has helped in increasing the outsourcing services portfolio of the company and help to expand the market share.

The company has wide presence across U.S., Asia-Pacific, and Europe and has sucsidaries such as Aptuit Global LLC (U.S.), Cyprotex Discovery Ltd. (U.K.), Evotec (U.S), Inc. (U.S.), Just-Evotec Biologics Inc. (U.S.) and Cyprotex PLC (U.K.) among other.