Report on Compound Management Market Trends to 2023 - Principally Driven by Brooks Life Sciences (US),Tecan (Switzerland), Hamilton Company (US), TTP Group (UK), Labcyte (US), and Biosero (US), Companies

The compound management market report study highlighted by increasing drug discovery activities, growing biopharmaceutical industry, and rising trend in outsourcing compound/sample management are the factors supporting the growth of this market.

The global compound management market is projected to reach USD 424.5 million in 2023 from USD 215.3 million in 2018, at CAGR of 14.5%.

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Compound Management provides infrastructure & logistics for management of research compounds & supports lead finding process in drug discovery. A wide range of fully automated, state-of-the-art laboratory robotic systems & liquid handling devices allows fulfilling requests made by scientists that range from a single compound in a vial to libraries of millions of individual samples on ready-to-use custom formatted microtiter plates.

Key players included in compound management systems are Brooks Life Sciences (US), Hamilton Company (US), TTP Group (US), Labcyte (US), Biosero (US), and Tecan (Switzerland). Companies that provide compound management services include Evotec (Germany), Wuxi AppTec (China), Icagen (US), TCG Lifescience (India), and Frontier Scientific (US).

Objectives of the Study
• To define, describe, and forecast the compound management market on the basis of product & service, sample type, end user, and region
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
• To profile the key players in the market and comprehensively analyze their market positions and core competencies
• To track and analyze competitive developments such as partnerships, agreements, and joint ventures; mergers and acquisitions; product development; and research and development activities in the compound management market

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The dominant share of North American compound management market is primarily attributed to its established pharmaceutical industry, presence of leading pharmaceutical and biotechnology companies, and high R&D investment. Moreover, to maintain productivity of innovative drugs and biologics, most of the leading pharma and biopharma companies have started building compound management facilities.

Compound/Sample Management Market, By End User
1 Introduction
2 Compound/Sample Management Products Market, By End User
3 Pharmaceutical Companies
4 Biopharmaceutical Companies
5 Contract Research Organizations
6 Biobanks
7 Other End Users
8 Compound/Sample Management Outsourcing Services Market, By End User
9 Pharmaceutical Companies
10 Biopharmaceutical Companies

The global compound management market is divided into chemical compounds and biosamples. In 2018, the chemical compounds segment is expected to account for the largest share of the global compound management market. The large share can be attributed to the high cost of large automated storage systems.

More Information on “Compound Management Market by Product & Outsourcing Services (Instruments (Automated Storage, Decapper), Software), Sample (Chemical Compounds, Biological Samples), End User (Biopharma Companies, Biobank, Pharma Companies, CRO) - Global Forecast to 2023” report @ https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1608535 .

the global compound management products market is divided into pharmaceutical companies, biopharmaceutical companies, contract research organizations (CROs), biobanks, and other end users. In 2018, the pharmaceutical companies segment is expected to account for the largest share of the global compound management products market.

Key Target Audience:
• Government and academic institutes
• Compound/sample management system providers
• Compound/sample management service providers
• R&D departments and contract research organizations
• Pharmaceutical & biopharmaceutical companies
• Consulting firms

The global compound management market is divided into chemical compounds and bio samples. In 2018, the chemical compounds segment is expected to account for the largest share of the global compound management market. The rising drug discovery activity is leading to an increased demand for compounds which is positively affecting the market growth.

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