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Compound Management Market: Current Scenario, Trends, Efficiencies Forecast 2019-2026 | Grand View Research, Inc.

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Compound Management Market: Current Scenario, Trends, Efficiencies Forecast 2019-2026 | Grand View Research, Inc.

October 15
05:05 2021
Compound Management Market: Current Scenario, Trends, Efficiencies Forecast 2019-2026 | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the increasing drug discovery activities, growth in the pharmaceutical and biotechnology industry as well as increasing demand for outsourcing these services are some of the factors driving the market.

The global compound management market size is expected to reach USD 885.9 million by the end of 2026, expanding at a CAGR of 16.7%, according to a new report by. Growing biopharmaceutical industry and bio banking sector is fueling the market growth.The growth of translational research and personalized medicine is driving the market.

Efficient compound management is tremendously Grand View Research, Inc important for the success of drug discovery, where traceability, reliability, speed, and throughput are fundamental. Maintaining samples at the precise temperature, under nitrogen or dry air to prevent fluctuations of stock concentrations, and in a dark environment in order to avoid photo degradation, can help ensure consistency and longevity of samples.

Compounds of a high integrity lead to reliable results while locating drug candidates. Moreover, the collection, storage, and distribution of human biological samples supports the development of the R&D industry. In addition, it aids to understand the mechanisms of diseases as well as support the trend to provide personalized medicines.

Automated storage systems eliminate or reduce the risks and provide reliable and correct environmental conditions to protect samples from precipitation or degradation. A management system like Verso tracks sample data, including location and type, enables quick and easy finding of the sample. The fully automated systems improve the process of drug discovery by eliminating error-prone and time-consuming tasks.

North America dominated the market in 2018 owing to strong base of biotechnology and pharmaceutical companies in the region. These companies are involved in drug discovery activities, which, in turn, led to the growth of the market in the region. The Asia Pacific market is anticipated to grow fast over the forecast period. This is attributed to ongoing studies in private-public collaborations, drug discovery, and government initiatives in the region.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/compound-management-market

Compound Management Market Report Highlights

• The automated compound/sample storage systems segment was the largest in 2018 accounting for 45.2% of the market share. This is attributed to the fact that it eliminates or reduces error and saves time

• On the basis of sample type, chemical compounds dominated the market in 2018 with a largest share of 53.0% due to the increasing drug discovery activities, resulting in an increased demand for compounds and positively affecting thecompound management market growth

• The bio banking segment is anticipated to exhibit the fastest CAGR of 17.1% over the forecast period. There has been increase in the number of organizations involved in the collection and storage of human biomaterials in line with the increasing use of human biomaterials in research as a replacement to animal models. It is anticipated to support the market growth

• North America led the market owing to the presence of large biopharmaceutical companies engaged in drug discovery and require huge maintenance of chemical libraries. Thus, to maintain the productivity of such biologics and drugs, most of the leading biopharma and pharma companies have started building storage facilities

• Some of the players operating in the market are Tecan, Roche, Brooks Life Sciences, Evotec, Hamiltons, BioAscent, Titian Software Limited, AXXAM S.p.A., TTP Labtech, TCG Lifesciences Private Limited, WuXi AppTec, and HDC GmbH.

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/compound-management-market/request/rs1

Compound Management Market Segmentation

Grand View Research has segmented the global compound management market based on type, sample type, application, end use, and region:

Compound Management Type Outlook (Revenue, USD Million, 2015 – 2026)

    • Products                                                             

         • Automated Compound/Sample Storage Systems

         • Automated Liquid Handling Systems

         • Other Compound/Sample Storage Systems     

    • Service                                      

Compound Management Sample Type Outlook (Revenue, USD Million, 2015 – 2026)       

    • Chemical Compounds

    • Bio Samples

Compound Management Application Outlook (Revenue, USD Million, 2015 – 2026)  

    • Drug Discovery

    • Gene Synthesis

    • Bio Banking

    • Others     

Compound Management End Use Outlook (Revenue, USD Million, 2015 – 2026)        

    • Pharmaceutical Companies

    • Biopharmaceutical Companies

    • Contract Research Organizations

    • Others (Research and Academic Institutes)           

Compound Management Regional Outlook (Revenue, USD Million, 2015 – 2026)         

     • North America       

        • U.S.

        • Canada

     • Europe

        • Germany

        • U.K.

        • Spain

        • Italy

        • France

     • Asia Pacific

        • China

        • India

        • Japan

        • Australia

        • South Korea

     • Latin America

        • Brazil

        • Mexico

        • Columbia

        • Argentina

     • Middle East & Africa

        • UAE

        • Saudi Arabia

        • South Africa

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/6821/ibb

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About Grand View Research

Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.

Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients. 

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Website: https://www.grandviewresearch.com/industry-analysis/compound-management-market