Compound management, also referred to as compound control, is a service that provides secure compound storage and aggregation, rapid delivery of hits, and leads to the pharmaceutical, biopharmaceutical, and other contract research organization with quality control and inventory management. It includes the restoration of chemicals that are outdated, databases, robotic technology frequently engaged with fetching chemicals, and control of quality related to storage environment. Compounds that are used for research purposes start their journey from the collection, then they are stored, processed, and finally reaches the research labs for drug development. Compound management is majorly a necessary expense, and career for various individuals who are managing the chemical library.
The compound management market growth is attributed to the rising trend in outsourcing compound/sample management, rising drug discovery activities, and the ability to overcome the bottlenecks associated with the drug development process. However, large capital investments required to establish compound management facilities may hinder the growth of the market.
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Leading Compound Management Market Players:
- Tecan
Trading AG
- Hamilton
Company
- TTP Labtech
- Frontier
Scientific Services
- Biosero Inc.
- Evotec
- Icagen, Inc.
- Wuxi Apptec
- TCG
Lifesciences Pvt. Ltd
- BioAscent
Compound Management Market: Segmental Overview
Product &
Services-Based Insights
The global compound
management market, based on product & services, is bifurcated into
compound/sample management products and services. The compound/sample
management products segment accounted for a larger share of the compound
management market in 2018. However, the services segment is expected to witness
the highest growth from 2019 to 2027.
Sample Type-Based
Insights
The global market,
based on sample type, is divided into chemical compounds and biosamples. The
chemical compounds accounted for a larger share in 2018. However, the
biosamples segment is expected to witness the fastest growth over the forecast
period.
Application-Based
Insights
The global compound
management market, based on application, is segmented into drug discovery, gene
synthesis, and biobanking. In 2018, the drug discovery systems segment held the
largest share.
End User-Based
Insights
The global compound
management market, based on end user, is segmented into pharmaceutical
companies, biopharmaceutical companies, contract research organizations (CROs),
and others. In 2018, the pharmaceutical companies segment held the largest
share. On the other hand, the biopharmaceutical companies segment is expected
to witness the fastest growth over the forecast period.
The growth of the global Compound Management market
is driven by the increasing incidence of infertility, rising number of
fertility clinics and infertility services with government support, and growing
number of products launches and developments. However, the high procedural cost
of reproductive techniques and risks associated with infertility treatment
hinder the market growth.
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Compound Management Market Segmented by Region/Country: North
America, Europe, Asia Pacific, Middle East & Africa, and Central &
South America
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