The global compound management market size is expected to reach USD 1,212.9 million by 2028 and register a CAGR of 17% over the forecast period, according to a latest report by Reports and Data. Steady global market revenue growth is primarily attributed to increasing drug discovery and development programs worldwide, rise in sample storage and transportation activities, growing need for compound management outsourcing services, and expanding pharmaceutical and biotechnology sectors. Some other significant market growth-influencing factors are growing emphasis on outsourcing chemical and biological samples, increasing pharmaceutical RD activities, rising focus on biobanking, and surge in research collaborations among universities and research institutes and pharmaceutical companies. However, inaccurate management and lack of expertise in compound management are some of the key factors expected to restrain global market revenue growth to some extent going ahead.

Compound management, also known as compound control, refers to the advanced management of chemical libraries and various biological samples used in drug discovery and development. The key functions of compound management include collection, storage, monitoring, and quality preservation of compounds. Moreover, it renews outdated chemicals, manages robotics used to fetch chemicals, and maintains databases.  Compound management ensures the safety, purity, shelf life, and integrity of compounds, and also helps obtain precise results in assays, experiments, and high-throughput screening. Surging adoption of automated compound management and storage systems and increased government funding for healthcare research development activities are the other key factors driving market growth.

In-depth Study of the Competitive Landscape:

The global Compound Management market consists of various market players, which makes this business sphere highly competitive. In this section of the report, the authors have provided authentic information on product portfolios, new product innovations, technological capabilities, and product pricing strategies of each of these players. Moreover, it discusses the key strategies implemented by these players, such as mergers acquisitions, joint ventures, collaborations, partnerships, and agreements, to build on their market presence.

Top companies profiled in the report include:

BioAscent, Beckman Coulter Inc., Evotec, Hamilton Company, Brooks Life Sciences, Titian Service Limited, LiCONiC Systems, TTP Labtech, AXXAM S.p.A., and Tecan

Key Market Regions Covered in the Report:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

By Type (Revenue, USD Million; 2018-2028)

• Products
  • Automated Compound/Sample Storage Systems
  • Automated Liquid Handling Systems
  • Others
• Services
• Outsourcing Services
• Others

By Sample Type (Revenue, USD Million; 2018-2028)

• Chemical Compounds
• Biological Samples
• Others

By Application (Revenue, USD Million; 2018-2028)

• Drug Discovery
• BioBanking
• Gene Synthesis
• Others

By End-user (Revenue, USD Million; 2018-2028)

• Pharmaceutical Companies
• Biopharmaceutical Companies
• Research and Academic Institutes
• Contract Research Organizations (CROs)
• Others

Frequently asked questions addressed in the report:

• What is the revenue growth rate of the global Compound Management market over the forecast period?
• What are the major factors driving the growth of the Global Compound Management Market?
• What are the key challenges impacting the global Compound Management market growth?
• What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?

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