Increasing sample collection and storage, and drug discovery and development activities, and surging need for compound management outsourcing are expected to boost market growth

The global compound management market size is expected to reach USD 1,212.9 million by 2028 and register a CAGR of 17% over the forecast period, according to a latest report by Reports and Data. Steady global market revenue growth is primarily attributed to increasing drug discovery and development programs worldwide, rise in sample storage and transportation activities, growing need for compound management outsourcing services, and expanding pharmaceutical and biotechnology sectors. Some other significant market growth-influencing factors are growing emphasis on outsourcing chemical and biological samples, increasing pharmaceutical RD activities, rising focus on biobanking, and surge in research collaborations among universities and research institutes and pharmaceutical companies. However, inaccurate management and lack of expertise in compound management are some of the key factors expected to restrain global market revenue growth to some extent going ahead.

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The report provides extensive coverage of the supply chain, key players of the industry, consumer base, company profiles, production and consumption rate, primary applications, and other relevant data. It provides an in-depth assessment of the key companies operating in the market along with their company profiles, business overview, production and manufacturing capacity, product portfolio, financial standing, global position, and business expansion plans. It also studies recent mergers and acquisitions, joint ventures, product launches, partnerships, collaborations, and agreements among other. The report also provides insights into new entrants and their strategic alliances to gain a robust footing in the market.

Key Manufacturers in the Global Compound Management Market:

BioAscent, Beckman Coulter Inc., Evotec, Hamilton Company, Brooks Life Sciences, Titian Service Limited, LiCONiC Systems, TTP Labtech, AXXAM S.p.A., and Tecan 

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The report also provides an extensive regional segmentation to offer the readers key insights into the spread of the market over key geographical regions. It covers production and consumption patterns, import/export, supply and demand, consumer demand and behavior, key trends, and presence of key players in each region. The report also offer a country-wise analysis to impart a better understanding of the revenue growth of the market in each region.

• North America (U.S., Canada, Mexico)
• Europe (U.K., Italy, Germany, France, Rest of Europe)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

By Type (Revenue, USD Million; 2018-2028)

• Products
• Automated Compound/Sample Storage Systems
• Automated Liquid Handling Systems
• Others
• Services
• Outsourcing Services
• Others

By Sample Type (Revenue, USD Million; 2018-2028)

• Chemical Compounds
• Biological Samples
• Others

By Application (Revenue, USD Million; 2018-2028)

• Drug Discovery
• BioBanking
• Gene Synthesis
• Others

By End-user (Revenue, USD Million; 2018-2028)

• Pharmaceutical Companies
• Biopharmaceutical Companies
• Research and Academic Institutes
• Contract Research Organizations (CROs)
• Others

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Key Questions Addressed in the Report:

• What is the market size the global Compound Management market is expected to reach over the forecast period? What is the expected CAGR?
• What are the key segments of the market?
• What are the key products and applications of the Compound Management market?
• What factors are expected to drive and restrain market growth over the forecast period?
• What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis?

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