A Spotlight on Compound Management Market 2021-2027 | Profiling Top Key Players - Tecan, Wuxi Apptec, TTP Group, Hamilton, Frontier Scientific, Evotec
Overview of the Global Compound Management Market:
The report spread across 150 pages is an overview of the Global Compound Management Market. This report study based on the Compound Management Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies. Compound Management Market Research Report is a meticulous investigation of current scenario of the market, which covers several market dynamics.
The Global Compound Management Market is accounted for $215.33 Million in 2018 and is expected to reach $851.22 Million by 2027 growing at a CAGR of 16.5% during the forecast period.
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According to the market report analysis, Compound Management also referred to as Compound Control, is defined as the management of chemical libraries, including the renewal of outdated chemicals, databases containing the information, robotics often involved in fetching chemicals, and quality control of the storage environment. By sample type, the segment of the biological sample is likely to have a huge demand due to the increasing demand for personalized medicines. Different bio-specimens stored at bio-banks are observing significant demand because of the improvements in cell-based research activities.
The most important key factors driving the growth of the Global Compound Management Market are Development of the bio-banking sector, rising outsourcing of sample management and high improvement in the biopharmaceutical industry. However, the large capital investments required to establish market facilities are restraining market growth.
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Major Key Players:
1 Wuxi Apptec
2 TTP Group
4 TCG Lifesciences
7 Hamilton Company
8 Frontier Scientific
Market Segment by Sample Types:
1 Biological Samples
2 Chemical Compounds
Market Segment by Services:
1 Outsourcing Services
2 Compound/Sample Management Products
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Global Business News:
Tecan (June 23, 2021) - Tecan expands its commercial reach, its capabilities and its US and Asia presence with the acquisition of Paramit Corporation - The Tecan Group (SIX Swiss Exchange: TECN) announced today that it has entered into a definitive agreement to acquire US-based Paramit Corporation and its affiliates (“Paramit”) for a total purchase consideration of USD 1.0 billion (CHF 920 million). Paramit, headquartered in Morgan Hill (CA), US, is a leading OEM developer and manufacturer of medical devices and life sciences instruments.
With the addition of approximately USD 300 million in revenues (CHF 276 million) expected in 2022, the acquisition will further extend Tecan’s position in solutions for life sciences and in-vitro diagnostics (IVD). It will also add a new business vertical in the attractive and fast-growing market for medical devices. The acquisition will bring significant engineering as well as cost-competitive manufacturing capabilities, both in North America and in the APAC region. Equipped with proprietary computer-directed assembly technology, these facilities deliver ultra-flexible production planning, while reducing the potential for errors (“zero-defect manufacturing”).
Tecan CEO, Dr. Achim von Leoprechting, commented: “We are delighted to bring the Paramit Team into the Tecan Group. The company’s extensive OEM offering and its state-of-the-art development and manufacturing facilities will strengthen our market reach and enable us to more effectively meet customer needs, scaling innovation from research all the way to the clinic. In addition to extending our core markets of life science research and diagnostics, the acquisition will also open a whole new growth market in the field of medical devices. At Tecan, we share Paramit’s strong customer-centric culture, expertise and track record in quality and regulatory affairs, which are key differentiators in the industry and essential for OEM success in regulated markets. Paramit’s geographic presence is complementary to that of Tecan, benefitting both parties. Tecan will gain new highly efficient manufacturing capacity in Asia and a strong presence for its OEM business in North America. At the same time, Paramit will gain access to Tecan’s existing sales channels in other parts of the world. These opportunities will help us to broaden our customer base and offering, while further strengthening our ability to serve the healthcare market.”
Table of Contents:
1 Executive Summary
3 Compound Management Market Trend Analysis
4 Porters Five Force Analysis
5 Global Compound Management Market, By Product Type
6 Global Compound Management Market, By Application
7 Global Compound Management Market, By End User
8 Global Compound Management Market, By Geography
9 Company Profiling
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