Compound Management refers to the systematic process of managing chemical libraries, which involves the organization, storage, and retrieval of chemical compounds. This process includes updating outdated chemicals, maintaining databases that store information about the compounds, using robotics for efficient retrieval, and ensuring the quality control of the storage environment to preserve the integrity of the compounds.
Compound Management Market Overview
Compound Management Market is expected to reach a CAGR of YY% By 2031
Compound Management, also known as compound control, refers to the systematic management of chemical libraries. This includes the renewal of outdated chemicals, maintaining databases that store related information, utilizing robotics for retrieving chemicals, and ensuring quality control of the storage environment.
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Compound Management Market Trends
The demand for drug discovery activities has seen a notable rise, leading to a significant expansion of the drug pipeline in recent years. This growth is driven by advancements in the pharmaceutical and biotechnology industries, along with increasing demand for outsourcing services. According to the Pharma R&D Annual Review 2022, the R&D pipeline expanded from 17,737 drugs in 2020 to 20,109 drugs in 2022. This expanding pipeline is expected to create new opportunities in the market. During the COVID-19 pandemic, many vaccines and drugs were under development. However, the review highlighted that biotechnology and anticancer drugs dominated the pipeline in 2022.
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The Compound Management Market is segmented
By Product & Service: Automated Compound/Sample Storage Systems, Automated Liquid Handling Systems, Others
By Sample Type: Chemical Compounds, Bio Samples
By End-User: Biopharmaceutical Companies, Contract Research Organizations, Pharmaceutical Companies, Biobanks, Others
By Region: North America, Europe, South America, Asia Pacific, Middle East, and Africa
Competitive Landscape
- Biosero
- Evotec
- Hamilton Company
- HighRes Biosolutions
- TCG Lifesciences
- Tecan
- SPT Labtech
- Wuxi Apptec
- Bioascent
- Liconic AG
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Drug Discovery Services Market
Drug Discovery Informatics Market
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