GLOBAL COMPOUND MANAGEMENT MARKET 2019-2028

Lifesciences | Medical Devices & Consumables

GLOBAL COMPOUND MANAGEMENT MARKET 2019-2028

Market By Offering, Sample Type, Application, End-user, And Geography | Forecast 2019-2028

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After a detailed analysis, Triton’s report has concluded that the global compound management market is expected to showcase an upward trend in terms of revenue. The market was accounted for $273.04 million in 2019, and is estimated to exhibit a CAGR of 14.50% during the forecast years 2019-2028. Further, it is likely to attain $923.57 million by 2028.



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Chemical libraries are vital for drug discovery as the chemicals are kept in environmentally controlled conditions. The instruments, software, and services responsible for managing these libraries encompass the compound management market. Moreover, the compound management activities consist of maintaining the chemical database, renewal of outdated chemicals, the use of robots for the movement of chemicals, and quality control of the storage environment. The instruments mentioned in the report comprise manual compound/sample storage systems, automated compound/sample storage systems, and automated liquid handling systems.

Triton’s research report on the compound management market provides a comprehensive insight into the market. The detailed analysis includes the market definition, key insights, Porter’s five forces analysis, market attractiveness index, and vendor scorecard.

A crucial aspect of the pharmaceutical and biotech industry is the involvement in research and development (R&D) operations. For instance, to create new molecules for different therapeutic applications, holding significant medical and commercial potential, the companies in this industry concentrate on R&D operations. Additionally, companies invest extensively in research and development intending to bring high quality products to the consumer. Here, compound management increases the R&D process’s efficiency by placing chemical libraries at one location with the number of contents available. Hence, companies invest in compound management solutions to streamline their research activities.

The emerging economies are generating a considerable amount of opportunities for the compound management market. A large number of population in developing countries suffer from chronic diseases, influencing most players to focus on emerging markets such as India and China. In the healthcare industry, biotechnology developments have surged the demand for diagnostics, promoting the adoption of a higher number of compound management systems.

However, the incompatibility with global systems and the dearth of skilled labor are major restraints weighing down the market. The rising demand for drug development, paired with compliance with stringent regulations for product approval, has also posed certain challenges in front of the pharmaceutical and biotech companies. Also, handling the compound management system requires labor with technical skills and knowledge of the system. Therefore, the reliability on skilled labor is a significant challenge for the market’s progress.



Geographies covered for the global compound management market:

       North America: United States and Canada

       Europe: United Kingdom, Germany, France, Italy, Spain, Russia, and Rest of Europe

       Asia-Pacific: China, Japan, India, South Korea, ASEAN countries, Australia & New Zealand, and Rest of Asia Pacific

       Latin America: Brazil, Mexico, and Rest of Latin America

      The Middle East and Africa: United Arab Emirates, Turkey, Saudi Arabia, South Africa, and Rest of the Middle East and Africa

The compound management market, in this report, is segmented based on:

           Market by Offering:

          o           Product

                                Instruments

                                o          Automated Compound/Sample Storage Systems

                                o          Manual Compound/Sample Storage Systems

                                o          Automated Liquid Handling Systems

                                Software

          o           Services

           Market by Sample Type:

          o           Chemical Compounds

          o           BioSamples

           Market by Application:

          o           Drug discovery

          o           Gene Synthesis

          o           Biobanking

           Market by End-user:

          o           Pharmaceutical Companies

          o           Biopharmaceutical Companies

          o           Contract Research Organization

          o           Others

Major players engaged in the compound management market are Liconic Systems, Tecan Trading AG, Beckman Coulter Inc, Titian Software, Axxam SpA, Highres Biosolutions, Brooks Life Sciences, Icagen Inc, TCG Lifesciences Pvt Ltd, WuXi AppTec, Hamilton Company, SPT Labtech, Biosero Inc, Evotec, and Bioascent.     

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Table of Content

1. GLOBAL COMPOUND MANAGEMENT MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1.   GROWTH IN NEW DISEASES INCREASES NEED FOR R&D AND COMPOUND MANAGEMENT

2.2.2.   RISE IN COMPOUND MANAGEMENT MARKET CONSOLIDATION

2.2.3.   INCREASE IN PERSONALIZED MEDICINE CREATES OPPORTUNITIES FOR MARKET

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1.   THREAT OF NEW ENTRANTS

2.3.2.   THREAT OF SUBSTITUTE

2.3.3.   BARGAINING POWER OF SUPPLIERS

2.3.4.   BARGAINING POWER OF BUYERS

2.3.5.   THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. MARKET DRIVERS

2.6.1.   INCREASE IN R&D ACTIVITIES IN PHARMACEUTICAL AND BIOTECH SECTORS

2.6.2.   GROWTH IN CLINICAL TRIALS

2.6.3.   BIOBANKING SECTOR PUSHING GROWTH OF MARKET

2.7. MARKET RESTRAINTS

2.7.1.   INCOMPATIBILITY WITH GLOBAL SYSTEMS

2.8. MARKET OPPORTUNITIES

2.8.1.   GROWING DEMAND FOR SPECIALIZED TESTING SERVICES

2.8.2.   GROWTH OPPORTUNITIES IN DEVELOPING COUNTRIES

2.9. MARKET CHALLENGES

2.9.1.   DEARTH OF SKILLED PROFESSIONALS

2.10. IMPACT OF COVID-19 ON COMPOUND MANAGEMENT MARKET

3. GLOBAL COMPOUND MANAGEMENT MARKET OUTLOOK - BY OFFERING

3.1. PRODUCT

3.1.1.   INSTRUMENT

3.1.1.1. AUTOMATED COMPOUND/SAMPLE STORAGE SYSTEMS

3.1.1.2. MANUAL COMPOUND/SAMPLE STORAGE SYSTEMS

3.1.1.3. AUTOMATED LIQUID HANDLING SYSTEMS

3.1.2.   SOFTWARE

3.2. SERVICES

4. GLOBAL COMPOUND MANAGEMENT MARKET OUTLOOK - BY SAMPLE TYPE

4.1. CHEMICAL COMPOUNDS

4.2. BIOSAMPLES

5. GLOBAL COMPOUND MANAGEMENT MARKET OUTLOOK - BY APPLICATION

5.1. DRUG DISCOVERY

5.2. GENE SYNTHESIS

5.3. BIOBANKING

6. GLOBAL COMPOUND MANAGEMENT MARKET OUTLOOK - BY END-USER

6.1. PHARMACEUTICAL COMPANIES

6.2. BIOPHARMACEUTICAL COMPANIES

6.3. CONTRACT RESEARCH ORGANISATION

6.4. OTHERS

7. GLOBAL COMPOUND MANAGEMENT MARKET - REGIONAL OUTLOOK

7.1. NORTH AMERICA

7.1.1.   MARKET BY OFFERING

7.1.1.1. MARKET BY PRODUCT

7.1.1.1.1. MARKET BY INSTRUMENT

7.1.2.   MARKET BY SAMPLE TYPE

7.1.3.   MARKET BY APPLICATION

7.1.4.   MARKET BY END-USER

7.1.5.   COUNTRY ANALYSIS

7.1.5.1. UNITED STATES

7.1.5.2. CANADA

7.2. EUROPE

7.2.1.   MARKET BY OFFERING

7.2.1.1. MARKET BY PRODUCT

7.2.1.1.1. MARKET BY INSTRUMENT

7.2.2.   MARKET BY SAMPLE TYPE

7.2.3.   MARKET BY APPLICATION

7.2.4.   MARKET BY END-USER

7.2.5.   COUNTRY ANALYSIS

7.2.5.1. UNITED KINGDOM

7.2.5.2. GERMANY

7.2.5.3. FRANCE

7.2.5.4. SPAIN

7.2.5.5. ITALY

7.2.5.6. RUSSIA

7.2.5.7. REST OF EUROPE

7.3. ASIA-PACIFIC

7.3.1.   MARKET BY OFFERING

7.3.1.1. MARKET BY PRODUCT

7.3.1.1.1. MARKET BY INSTRUMENT

7.3.2.   MARKET BY SAMPLE TYPE

7.3.3.   MARKET BY APPLICATION

7.3.4.   MARKET BY END-USER

7.3.5.   COUNTRY ANALYSIS

7.3.5.1. CHINA

7.3.5.2. JAPAN

7.3.5.3. INDIA

7.3.5.4. SOUTH KOREA

7.3.5.5. ASEAN COUNTRIES

7.3.5.6. AUSTRALIA & NEW ZEALAND

7.3.5.7. REST OF ASIA-PACIFIC

7.4. LATIN AMERICA

7.4.1.   MARKET BY OFFERING

7.4.1.1. MARKET BY PRODUCT

7.4.1.1.1. MARKET BY INSTRUMENT

7.4.2.   MARKET BY SAMPLE TYPE

7.4.3.   MARKET BY APPLICATION

7.4.4.   MARKET BY END-USER

7.4.5.   COUNTRY ANALYSIS

7.4.5.1. BRAZIL

7.4.5.2. MEXICO

7.4.5.3. REST OF LATIN AMERICA

7.5. MIDDLE EAST AND AFRICA

7.5.1.   MARKET BY OFFERING

7.5.1.1. MARKET BY PRODUCT

7.5.1.1.1. MARKET BY INSTRUMENT

7.5.2.   MARKET BY SAMPLE TYPE

7.5.3.   MARKET BY APPLICATION

7.5.4.   MARKET BY END-USER

7.5.5.   COUNTRY ANALYSIS

7.5.5.1. UNITED ARAB EMIRATES

7.5.5.2. TURKEY

7.5.5.3. SAUDI ARABIA

7.5.5.4. SOUTH AFRICA

7.5.5.5. REST OF MIDDLE EAST & AFRICA

8. COMPETITIVE LANDSCAPE

8.1. AXXAM SPA

8.2. BECKMAN COULTER INC

8.3. BIOASCENT

8.4. BIOSERO INC

8.5. BROOKS LIFE SCIENCES

8.6. EVOTEC

8.7. HAMILTON COMPANY

8.8. ICAGEN INC

8.9. LICONIC SYSTEMS

8.10. TCG LIFESCIENCES PVT LTD

8.11. TECAN TRADING AG

8.12. TITIAN SOFTWARE

8.13. SPT LABTECH (NAME CHANGED FROM TTP LABTECH)

8.14. WUXI APPTEC

8.15. HIGHRES BIOSOLUTIONS

9. METHODOLOGY & SCOPE

9.1. RESEARCH SCOPE & DELIVERABLES

9.2. SOURCES OF DATA

9.3. RESEARCH METHODOLOGY

List of table

TABLE 1. GLOBAL COMPOUND MANAGEMENT MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)

TABLE 2. MARKET ATTRACTIVENESS INDEX

TABLE 3. VENDOR SCORECARD

TABLE 4. GLOBAL COMPOUND MANAGEMENT MARKET, BY OFFERING, 2019-2028 (IN $ MILLION)

TABLE 5. GLOBAL COMPOUND MANAGEMENT MARKET, BY PRODUCT, 2019-2028 (IN $ MILLION)

TABLE 6. GLOBAL COMPOUND MANAGEMENT MARKET, BY INSTRUMENT, 2019-2028 (IN $ MILLION)

TABLE 7. GLOBAL COMPOUND MANAGEMENT MARKET, BY SAMPLE TYPE, 2019-2028 (IN $ MILLION)

TABLE 8. GLOBAL COMPOUND MANAGEMENT MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)

TABLE 9. GLOBAL COMPOUND MANAGEMENT MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

TABLE 10. GLOBAL COMPOUND MANAGEMENT MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)

TABLE 11. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 12. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY OFFERING, 2019-2028 (IN $ MILLION)

TABLE 13. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY PRODUCT, 2019-2028 (IN $ MILLION)

TABLE 14. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY INSTRUMENT, 2019-2028 (IN $ MILLION)

TABLE 15. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY SAMPLE TYPE, 2019-2028 (IN $ MILLION)

TABLE 16. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)

TABLE 17. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

TABLE 18. EUROPE COMPOUND MANAGEMENT MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 19. EUROPE COMPOUND MANAGEMENT MARKET, BY OFFERING, 2019-2028 (IN $ MILLION)

TABLE 20. EUROPE COMPOUND MANAGEMENT MARKET, BY PRODUCT, 2019-2028 (IN $ MILLION)

TABLE 21. EUROPE COMPOUND MANAGEMENT MARKET, BY INSTRUMENT, 2019-2028 (IN $ MILLION)

TABLE 22. EUROPE COMPOUND MANAGEMENT MARKET, BY SAMPLE TYPE, 2019-2028 (IN $ MILLION)

TABLE 23. EUROPE COMPOUND MANAGEMENT MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)

TABLE 24. EUROPE COMPOUND MANAGEMENT MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

TABLE 25. ASIA-PACIFIC COMPOUND MANAGEMENT MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 26. ASIA-PACIFIC COMPOUND MANAGEMENT MARKET, BY OFFERING, 2019-2028 (IN $ MILLION)

TABLE 27. ASIA-PACIFIC COMPOUND MANAGEMENT MARKET, BY PRODUCT, 2019-2028 (IN $ MILLION)

TABLE 28. ASIA-PACIFIC COMPOUND MANAGEMENT MARKET, BY INSTRUMENT, 2019-2028 (IN $ MILLION)

TABLE 29. ASIA-PACIFIC COMPOUND MANAGEMENT MARKET, BY SAMPLE TYPE, 2019-2028 (IN $ MILLION)

TABLE 30. ASIA-PACIFIC COMPOUND MANAGEMENT MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)

TABLE 31. ASIA-PACIFIC COMPOUND MANAGEMENT MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

TABLE 32. LATIN AMERICA COMPOUND MANAGEMENT MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 33. LATIN AMERICA COMPOUND MANAGEMENT MARKET, BY OFFERING, 2019-2028 (IN $ MILLION)

TABLE 34. LATIN AMERICA COMPOUND MANAGEMENT MARKET, BY PRODUCT, 2019-2028 (IN $ MILLION)

TABLE 35. LATIN AMERICA COMPOUND MANAGEMENT MARKET, BY INSTRUMENT, 2019-2028 (IN $ MILLION)

TABLE 36. LATIN AMERICA COMPOUND MANAGEMENT MARKET, BY SAMPLE TYPE, 2019-2028 (IN $ MILLION)

TABLE 37. LATIN AMERICA COMPOUND MANAGEMENT MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)

TABLE 38. LATIN AMERICA COMPOUND MANAGEMENT MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

TABLE 39. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 40. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY OFFERING, 2019-2028 (IN $ MILLION)

TABLE 41. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY PRODUCT, 2019-2028 (IN $ MILLION)

TABLE 42. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY INSTRUMENT, 2019-2028 (IN $ MILLION)

TABLE 43. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY SAMPLE TYPE, 2019-2028 (IN $ MILLION)

TABLE 44. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)

TABLE 45. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

List of Figures

FIGURE 1. PORTER’S FIVE FORCES ANALYSIS

FIGURE 2. GLOBAL COMPOUND MANAGEMENT MARKET, BY PRODUCT, 2019-2028 (IN $ MILLION)

FIGURE 3. GLOBAL COMPOUND MANAGEMENT MARKET, BY INSTRUMENT, 2019-2028 (IN $ MILLION)

FIGURE 4. GLOBAL COMPOUND MANAGEMENT MARKET, BY AUTOMATED COMPOUND/SAMPLE STORAGE SYSTEMS, 2019-2028 (IN $ MILLION)

FIGURE 5. GLOBAL COMPOUND MANAGEMENT MARKET, BY MANUAL COMPOUND/SAMPLE STORAGE SYSTEMS, 2019-2028 (IN $ MILLION)

FIGURE 6. GLOBAL COMPOUND MANAGEMENT MARKET, BY AUTOMATED LIQUID HANDLING SYSTEMS, 2019-2028 (IN $ MILLION)

FIGURE 7. GLOBAL COMPOUND MANAGEMENT MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)

FIGURE 8. GLOBAL COMPOUND MANAGEMENT MARKET, BY SERVICES, 2019-2028 (IN $ MILLION)

FIGURE 9. GLOBAL COMPOUND MANAGEMENT MARKET, BY CHEMICAL COMPOUNDS, 2019-2028 (IN $ MILLION)

FIGURE 10. GLOBAL COMPOUND MANAGEMENT MARKET, BY BIOSAMPLES, 2019-2028 (IN $ MILLION)

FIGURE 11. GLOBAL COMPOUND MANAGEMENT MARKET, BY DRUG DISCOVERY, 2019-2028 (IN $ MILLION)

FIGURE 12. GLOBAL COMPOUND MANAGEMENT MARKET, BY GENE SYNTHESIS, 2019-2028 (IN $ MILLION)

FIGURE 13. GLOBAL COMPOUND MANAGEMENT MARKET, BY BIOBANKING, 2019-2028 (IN $ MILLION)

FIGURE 14. GLOBAL COMPOUND MANAGEMENT MARKET, BY PHARMACEUTICAL COMPANIES, 2019-2028 (IN $ MILLION)

FIGURE 15. GLOBAL COMPOUND MANAGEMENT MARKET, BY BIOPHARMACEUTICAL COMPANIES, 2019-2028 (IN $ MILLION)

FIGURE 16. GLOBAL COMPOUND MANAGEMENT MARKET, BY CONTRACT RESEARCH ORGANISATION, 2019-2028 (IN $ MILLION)

FIGURE 17. GLOBAL COMPOUND MANAGEMENT MARKET, BY OTHERS, 2019-2028 (IN $ MILLION)

FIGURE 18. GLOBAL COMPOUND MANAGEMENT MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)

FIGURE 19. UNITED STATES COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 20. CANADA COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 21. UNITED KINGDOM COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 22. GERMANY COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 23. FRANCE COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 24. SPAIN COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 25. ITALY COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 26. RUSSIA COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 27. REST OF EUROPE COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 28. CHINA COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 29. JAPAN COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 30. INDIA COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 31. SOUTH KOREA COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 32. ASEAN COUNTRIES COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 33. AUSTRALIA & NEW ZEALAND COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 34. REST OF ASIA-PACIFIC COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 35. BRAZIL COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 36. MEXICO COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 37. REST OF LATIN AMERICA COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 38. UNITED ARAB EMIRATES COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 39. TURKEY COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 40. SAUDI ARABIA COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 41. SOUTH AFRICA COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

FIGURE 42. REST OF MIDDLE EAST & AFRICA COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)

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