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Rising Pharmaceutical Drug Manufacturing Fuels Growth In The Compound Management Market: The Driving Engine Behind Compound Management Market Evolution in 2025
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Compound Management Market Size Growth Forecast: What to Expect by 2025?
The sector concerned with managing chemical compounds has experienced swift expansion lately, projected to increase its market valuation from 0.52 billion US dollars in 2024 to 0.61 billion US dollars in 2025, reflecting a remarkable compound annual growth rate (CAGR) of 16.3%. This historical period of expansion is fundamentally driven by several key factors, including progress in high-throughput screening technologies, a heightened need for chemical outsourcing solutions, escalating pharmaceutical investments in the research and development sphere, the adoption of automation and robotics, a rising requirement for external compound management services, and the necessity of adhering to regulatory mandates.
How Will the Compound Management Market Size Evolve and Grow by 2029?
Projected for swift expansion in the coming years, the market for compound management is anticipated to reach a valuation of $1.07 billion by 2029, achieving a compound annual growth rate (CAGR) of 15.2%. This substantial expansion during the projection timeframe stems from escalating efforts in drug discovery and development, a surge in illness-related sickness and death rates, the growing incidence of long-term health conditions, a rise in drug delivery initiatives, and the widening scope of biobanks. Key developments shaping this market over the forecast period encompass greater automation adoption, the advancement of artificial intelligence and machine learning applications, the spreading establishment of biobanks and biorepositories, the introduction of novel solutions, and the increasing utilization of cloud-based platforms.
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What Drivers Are Propelling the Growth of Compound Management Market Forward?
Anticipated expansion in the production volume of medicinal compounds is projected to fuel the progression of the compound management sector in the future. Pharmaceutical agents, commonly known as drugs, are substances utilized for averting, remedying, or pinpointing ailments in both human and animal subjects. This upturn in the creation of pharmaceutical drugs stems from several factors, notably the escalating need for novel and efficacious treatments, the growing incidence rates of long-term health conditions, favorable governmental regulations and financial backing, and the increasing emphasis placed on tailored medical approaches. Within the realm of pharmaceutical manufacturing, compound management serves the crucial function of guaranteeing the smooth processes of managing, warehousing, and monitoring the chemical entities vital for investigation, advancement, and final output. Illustratively, data released by the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Brussels-headquartered commercial body for the drug sector, indicated that in 2022, Europe's aggregate pharmaceutical output reached $368,832 million (equivalent to €340,000 million), marking an approximately 4.95% rise compared to the $351,420 million (€323,950 million) recorded in 2021. Consequently, the heightened output of these pharmaceutical drugs is acting as a catalyst for the expansion observed in the compound management market.
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Which Emerging Trends Are Transforming the Compound Management Market in 2025?
Dominant participants within the compound management sector are prioritizing the creation of novel offerings, like compound management solutions delivered via the web, with the aim of optimizing and boosting performance in tracking, warehousing, and handling compound data. Utilizing web-based technology for compound management signifies a framework that leverages internet standards to oversee the safekeeping, monitoring, and deployment of chemical compounds via an accessible web portal. Such platforms can be reached using typical web browsers, presenting easy-to-use and adaptable remedies for both research institutions and laboratory environments. To illustrate this, in the final month of 2022, BioAscent, a pharmaceutical entity situated in Scotland, introduced Compound Connect, a web interface providing clientele protected entry to their dedicated online portal for managing and requesting items from their compound collections. This particular system guarantees that the records pertaining to stored compounds remain current, fully traceable, and simple to utilize for placement of orders and subsequent shipment. Compound Connect empowers users to achieve comprehensive oversight of their specimens, encompassing warehousing, handling procedures, and the ability to place requisitions from afar. Catering to a diverse clientele, ranging from nascent biotechnology ventures to established organizations engaged in drug discovery, it furnishes immediate accessibility coupled with significantly simplified administrative control.
What Are the Key Segments in the Compound Management Market?
The compound managementmarket covered in this report is segmented -
1) By Type: Product; Service
2) By Sample: Chemical Compound; Bio Samples
3) By Application: Drug Discovery; Gene Synthesis; Bio Banking; Other Applications
4) By End-Use: Pharmaceutical; Biopharmaceutical; Contract Research Organizations; Other End-Uses
Subsegments:
1) By Product: Compound Management Systems; Compound Libraries; High-Throughput Screening Products
2) By Service: Compound Sourcing and Procurement; Compound Storage And Handling; Compound Screening Services; Compound Distribution And Logistics
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Who Are the Key Players Shaping the Compound Management Market's Competitive Landscape?
Major companies operating in the compound management market are Thermo Fisher Scientific Inc., WuXi AppTec Co. Ltd., PerkinElmer, Tecan Group Ltd., Beckman Coulter Life Sciences, Evotec AG, Azenta Inc., Hamilton Company, Frontage Laboratories Inc., LabWare Inc., SPT Labtech, BioStorage Technologies Inc., Genedata, ChemAxon, Highres Biosolutions Ltd., Sapio Sciences, Axxam S.p.A, Labcyte Inc., LiCONiC AG, Titian Software Ltd., Biosero Inc., Zinsser Analytic GmbH, TCG Lifesciences Pvt., BioAscent Discovery Ltd., Frontier Scientific Inc.
What Geographic Markets Are Powering Growth in the Compound Management Market?
North America was the largest region in the compound management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compound management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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