This Compound Management market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Compound Management report simplifies managing marketing of goods and services effectively.

Data Bridge Market Research analyses that the market is growing with a CAGR of 14.9% in the forecast period of 2021 to 2028 and is expected to reach USD 1,237.41 million by 2028 from USD 409.98 million in 2020.

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Market Overview

Compound management is a service that provides secure compound storage and aggregation, rapid delivery of hits, and leads to the pharmaceutical, biopharmaceutical, and other contract research organization with quality control and inventory management. Compounds that are used for research purpose start their journey from the collection then they are stored, then processed and finally reaches to the research labs for drug development.

Unprecise and inaccurate compound management can show great impact in research and development. Compound destruction, increase in downtime, delay onset of research are some of the results of unreliable and defective compound management.

Material acquisition & storage systems, sample dissolution and resuspension systems, automated liquid handling systems, compound dispensation systems, compound quality control systems, weighing systems, software, outsourcing services among others are some of the products that are used for managing biopharmaceutical and gene synthesis compound management system.

Global Compound Management Market Scope and Market Size

Compound management market is categorized into seven notable segments which are based on product & services, sample type, process, application, compound library size, end user and distribution channel.

• On the basis of product & services, the compound management market is segmented into compound/sample management products and outsourcing services. In 2021, compound/sample management products are dominating in the compound management market because they are crucial assets for compound management and needed for various functions. Moreover, most companies prefer in-house equipment for research purposes. Although, laboratory automation and storage devices are the strongest contributing factors, a large number of compound management products are required in research workflow and development processes.
• On the basis of sample type, the compound management market is segmented into chemical compounds and biosamples. In 2021, chemical compounds are dominating the market because they constitute significant share in all kinds of drug discovery including biopharmaceuticals. The chemicals are used as reagents or in reactions for development workflow irrespective of the field of research. The involvement of chemical samples attribute to the high percent of using chemical compounds in the compound management market.
• On the basis of process, the compound management market is segmented into high-throughput screening, fragment based screening and lead optimization. In 2021, high throughput screening is dominating the market as it has been the leading model of small molecule drug discovery for the biopharmaceutical industry. Companies have invested more than one million compounds in hardware (liquid storage, robotics and read-out technologies), process automation, and large compound collections in over two to three decades.
• On the basis of application, the compound management market is segmented into drug discovery, preclinical discovery, gene synthesis, bio banking and others. In 2021, drug discovery dominates the market as most companies are focused on investing the highest amount of capital in drug discovery as compared to other applications as it involves the identification of hits and lead candidates, chemical synthesis, characterization of the leads compound, screening, and assays for therapeutic efficacy of the final developed compound.
• On the basis of compound library size, the compound management market is segmented into small & medium libraries and large libraries. In 2021, large libraries segment dominates the market as they have more resources when it comes to identifying the compounds for screening and capital to invest on compound management equipment and services. Moreover, small libraries have limited need for automation, prefer traditional methods and have the small number of compound present for screening and development which do not need large automation.
• On the basis of end user, the compound management market is segmented into pharmaceuticals companies, biopharmaceutical companies, contract research organizations, research and academic institutes and others. In 2021, pharmaceuticals companies dominates the market as this segment is focused on drug discovery and have to increase the pace work process for bringing the drugs to clinical trials pipelines for which they need laboratory and inventory automation which is provide by the compound management for support workflow in drug development.
• On the basis of distribution channel, the compound management market is segmented into direct sales and third party distribution. In 2021, direct sales segment dominates the market as it is the most preferred mode and cost effective with the large product portfolio available on the company website and marketing pattern of the company.

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Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Compound Management Market Landscape

Part 04: Global Compound Management Market Sizing

Part 05: Global Compound Management Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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