Compound management market Top Players - Tecan Trading AG, Hamilton Company, TTP Labtech

According to The Insight Partners market research study titled ‘Compound Management Market to 2027 – Global Analysis and Forecasts by Product & Services, Sample Type, Application and End User.’ The global Compound management market is expected to reach US$ 691.41 Mn in 2027 from US$ 220.19 Mn in 2018. The market is estimated to grow with a CAGR of 14.2% from 2019-2027. The report highlights the trends prevalent in the global compound management market and the factors driving the market along with those that act as deterrents to its growth.
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Global compound management market, based on the end user, was segmented as, pharmaceutical companies, biopharmaceutical companies and contract research organizations (CROs). In 2018, pharmaceutical companies held the largest share of the market, by end user. In addition, the segment is also anticipated to grow at a significant rate during the forecast period. The increase in funds in R&D activities for the industries and academia and government financing for research activities, these factors are anticipated to lead to the growth of the segment during the forecast period.

The market for compound management is expected to grow, owing to factors such as extensive usage of the products for the management of compound used in drug discovery, genetic studies are rising at a fast speed In addition, growth of bio banking sector and rapid development in biopharmaceutical industry is likely to have a positive impact on the growth of the market in the coming years.
The report segments the Global Compound Management Market as follows:

Global Compound Management Market – By Product & Services

• Compound/Sample Management Products
o Instruments
 Automated Compound/Sample Storage Systems
 Manual Compound/Sample Storage Systems
 Automated Liquid Handling Systems
o Software
• Services
Global Compound Management Market – By Sample Type

• Chemical Compounds
• Biosamples

Global Compound Management Market – By End User

• Pharmaceutical Companies
• Biopharmaceutical Companies
• Contract Research Organizations (CRO’s)
• Biobanks

Development of the drug is a complicated, long, and costly process, embedded with a high degree of improbability that a drug will succeed. Various advanced techniques are used to check the drug discovery processes. High Throughput Screening (HTS) is used in drug discovery for the screening of a large number of compounds with a biological target. The data on activity against the target is collected for a representative sample of compounds selected from an extensive library. Drug discovery aims to relate the operation of a compound to its chemical structure and therefore is used to identify more active compounds.
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The process of drug development in areas such as chemical development, high-throughput screening, formulation development, drug delivery, and assay development is being sought when it truly adds value. Such rising drug discovery activity is expected to create a demand for compound management around the world.

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