Compound Management Market Size, Share & Trends Analysis Report By Type (Products, Service), By Sample Type (Chemical Compounds, Bio Samples), By Application, By End Use, By Region- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2023-2032

The global compound management market size was exhibited at USD 474.08 million in 2022 and is projected to hit around USD 2020.35 million by 2032, growing at a CAGR of 15.6% during the forecast period 2023 to 2032.

Compound Management Market Size

Key Pointers:

  • The products segment dominated the market with a revenue share of over 61.7% in 2022. 
  • The service segment is expected to expand at the fastest rate of 17.9% across the forecast period. 
  • Drug discovery held the largest revenue share of over 36.0% in 2022 
  • The biobanking segment is anticipated to register a lucrative CAGR of 17.9% across the forecast period 
  • The pharmaceutical companies segment held the largest revenue share of over 31.2% in 2022 
  • The biopharmaceutical companies segment is anticipated to exhibit the highest CAGR of 16.9% over the forecast period. 
  • The chemical compounds segment held the largest revenue share of over 51.2% in 2021.
  • The biosamples segment is anticipated to exhibit the fastest CAGR of 16.9% over the forecast period. 
  • North America dominated the market for compound management with a revenue share of over 41.4% in 2022.
  • Asia Pacific is expected to register the fastest growth rate of 18.9% over the forecast period.

Compound Management Market Report Scope

Report Coverage Details
Market Size in 2023  USD 548.03 million
Market Size by 2032  USD 2020.35 million
Growth Rate from 2023 to 2032 CAGR of 15.6%
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered Type, sample type, application, end-use, region
Key companies profiled Azenta US, Inc.; Tecan Trading AG; Hamilton Company; BioAscent; Titian Service Limited; Evotec; Beckman Coulter, Inc.; LiCONiC AG; AXXAM S.p.A.; SPT Labtech LTD.

Increasing drug discovery activities; growth in the pharmaceutical and biotechnology industries; and increasing demand for outsourcing these services are some of the key factors driving the market. The drug pipeline has seen a visible surge in recent years. According to Pharma R&D annual review 2022, the R&D pipeline consisted of 17,737 drugs in 2020, while in 2022, the number of drugs in the pipeline rose to 20,109. The growing drug pipeline is expected to create opportunities for the market. During the COVID-19 pandemic, the majority of COVID-19 vaccines and drugs were in the pipeline. However, in 2022, biotechnology and anticancer drugs were the major drugs in the pipeline, as per Pharma R & D annual review 2022. The pipeline for these drugs is expected to improve in the coming years due to the high demand for biotechnology and anticancer drugs globally. This is expected to increase the demand for compound management of biotechnology and anticancer drugs in the post-pandemic period.

Efficient compound management is tremendously 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 to avoid photodegradation, can help ensure consistency and longevity of samples.

Compounds of high integrity lead to reliable results while locating drug candidates. Moreover, the collection, storage, and distribution of human biological samples support the development of the R&D industry. In addition, it aids to understand the mechanisms of diseases as well as supports 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, which enables the 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 2021 owing to a 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.

Some of the prominent players in the Compound Management Market include:

  • Azenta US, Inc.
  • Tecan Trading AG
  • Hamilton Company
  • BioAscent
  • Titian Service Limited
  • Evotec
  • Beckman Coulter Inc.
  • LiCONiC AG
  • AXXAM S.p.A.
  • SPT Labtech LTD.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global compound management market.

By Type 

  • Products
    • Automated Compound/Sample Storage Systems
    • Automated Liquid Handling Systems
    • Other Compound/Sample Storage Systems
  • Service

By Sample Type 

  • Chemical Compounds
  • Bio Samples
  • By Application 
  • Drug Discovery
  • Gene Synthesis
  • Bio Banking
  • Others

By End-use 

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

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Frequently Asked Questions

The global compound management market size was exhibited at USD 474.08 million in 2022 and is projected to hit around USD 2020.35 million by 2032

The global compound management market is growing at a compound annual growth rate (CAGR) of 15.6% from 2023 to 2032.

North America dominated the market for compound management with a revenue share of over 41.4% in 2022.

Azenta US, Inc.; Tecan Trading AG; Hamilton Company; BioAscent; Titian Service Limited; Evotec; Beckman Coulter, Inc.; LiCONiC AG; AXXAM S.p.A.; SPT Labtech LTD.

Chapter 1. Introduction

                    1.1. Market Segmentation & Scope

                         1.1.1. Type

                         1.1.2. Sample Type

                         1.1.3. Application

                         1.1.4. End-use

                         1.1.5. Regional scope

                         1.1.6. Estimates and forecast timeline

                    1.2. Research Methodology

                    1.3. Information Procurement

                         1.3.1. Purchased database

                         1.3.2. Nova one advisor’s internal database

                         1.3.3. Secondary sources

                         1.3.4. Primary research

                         1.3.5. Details of primary research

                    1.4. Information or Data Analysis

                         1.4.1. Data analysis models

                    1.5. Market Formulation & Validation

                    1.6. Model Details

                         1.6.1. Commodity flow analysis (Model 1)

                              1.6.1.1. Approach 1: Commodity flow approach

                         1.6.2. Volume price analysis (Model 2)

                              1.6.2.1. Approach 2: Volume price analysis

                    1.7. List of Secondary Sources

                    1.8. List of Primary Sources

                    1.9. Objectives

                         1.9.1. Objective 1

                         1.9.2. Objective 2

Chapter 2. Executive Summary

                    2.1. Market Outlook

                    2.2. Competitive Insights

Chapter 3. Compound Management Market Variables, Trends & Scope

                    3.1. Market Lineage Outlook

                         3.1.1. Parent market outlook

                         3.1.2. Related/ancillary market outlook

                    3.2. Penetration & Growth Prospect Mapping

                    3.3. Industry Value Chain Analysis

                         3.3.1. Reimbursement framework

                    3.4. Market Dynamics

                         3.4.1. Market driver analysis

                              3.4.1.1. Growing Drug Research Activities

                              3.4.1.2. Rising demand for outsourcing compound management services

                              3.4.1.3. High disease prevalence

                              3.4.1.4. Expansion of Pharma & Biopharma Research in Emerging Markets

                         3.4.2. Market restraint analysis

                              3.4.2.1. Large Capital Investments Required to Establish Compound Management Facilities

                              3.4.2.2. Quality issues related to compound management by the outsourcing provider

                    3.5. Compound Management Market Analysis Tools

                         3.5.1. Industry Analysis - Porter’s

                         3.5.2. PESTEL Analysis

                         3.5.3. Major Deals & Strategic Alliances Analysis

                         3.5.4. COVID-19 Impact Analysis

Chapter 4. Compound Management Market: Type Estimates & Trend Analysis

                    4.1. Definitions and Scope

                    4.2. Compound Management Market Share, 2023 & 2032

                    4.3. Segment Dashboard

                    4.4. Global Compound Management Market by type Outlook

                    4.5. Market Size & Forecasts and Trend Analyses, 2018 to 2032 for the following

                         4.5.1. Product

                              4.5.1.1. Product market estimates and forecast 2018 to 2032 

                              4.5.1.2. Automated Compound/Sample Storage Systems

                                   4.5.1.2.1. Automated Compound/Sample Storage Systems market estimates and forecast 2018 to 2032 

                              4.5.1.3. Automated Liquid Handling Systems

                                   4.5.1.3.1. Automated Liquid Handling Systems market estimates and forecast 2018 to 2032 

                              4.5.1.4. Other Compound/Sample Storage Systems

                         4.5.2. Other Compound/Sample Storage Systems market estimates and forecast 2018 to 2032 

                         4.5.3. Service

                              4.5.3.1. Service Market estimates and forecast 2018 to 2032 

Chapter 5. Compound Management Market: Sample Type Estimates & Trend Analysis

                    5.1. Definitions and Scope

                    5.2. Compound Management Market Share, 2023 & 2032

                    5.3. Segment Dashboard

                    5.4. Global Compound Management Market by Sample type Outlook

                    5.5. Market Size & Forecasts and Trend Analyses, 2018 to 2032 for the following

                         5.5.1. Chemical Compounds

                              5.5.1.1. Chemical Compounds Market estimates and forecast 2018 to 2032 

                         5.5.2. Bio Samples

                              5.5.2.1. Chemical Compounds Market estimates and forecast 2018 to 2032 

Chapter 6. Compound Management Market: Application Estimates & Trend Analysis

                    6.1. Definitions and Scope

                    6.2. Compound Management Market Share, 2023 & 2032

                    6.3. Segment Dashboard

                    6.4. Global Compound Management Market by Application Outlook

                    6.5. Market Size & Forecasts and Trend Analyses, 2018 to 2032 for the following

                         6.5.1. Drug Discovery

                              6.5.1.1. Drug Discovery Market estimates and forecast 2018 to 2032 

                         6.5.2. Gene Synthesis

                              6.5.2.1. Gene Synthesis Market estimates and forecast 2018 to 2032 

                         6.5.3. Bio Banking

                              6.5.3.1. Bio Banking Market estimates and forecast 2018 to 2032 

                         6.5.4. Others

                         6.5.5. Others Market estimates and forecast 2018 to 2032 

Chapter 7. Compound Management Market: End-Use Estimates & Trend Analysis

                    7.1. Definitions and Scope

                    7.2. Compound Management Market Share, 2023 & 2032

                    7.3. Segment Dashboard

                    7.4. Global Compound Management Market by End-Use Outlook

                    7.5. Market Size & Forecasts and Trend Analyses, 2018 to 2032 for the following

                         7.5.1. Pharmaceutical Companies

                              7.5.1.1. Pharmaceutical Companies Market estimates and forecast 2018 to 2032 

                         7.5.2. Biopharmaceutical Companies

                              7.5.2.1. Biopharmaceutical Companies Market estimates and forecast 2018 to 2032 

                         7.5.3. Contract Research Organization

                              7.5.3.1. Contract Research Organization Market estimates and forecast 2018 to 2032 

Chapter 8. Compound Management Market: Regional Estimates & Trend Analysis

                    8.1. Compound Management Regional market share analysis, 2023 & 2032

                    8.2. Compound Management Regional Market Dashboard

                    8.3. North America

                         8.3.1. North America Market estimates and forecast, 2018 - 2032 

                         8.3.2. U.S.

                              8.3.2.1. U.S. Market estimates and forecast, 2018 - 2032 

                         8.3.3. Canada

                              8.3.3.1. Canada Market estimates and forecast, 2018 - 2032 

                    8.4. Europe

                         8.4.1. Europe Market estimates and forecast, 2018 - 2032 

                         8.4.2. U.K.

                              8.4.2.1. U.K. Market estimates and forecast, 2018 - 2032 

                         8.4.3. Germany

                              8.4.3.1. Germany Market estimates and forecast, 2018 - 2032 

                         8.4.4. France

                              8.4.4.1. France Market estimates and forecast, 2018 - 2032 

                         8.4.5. Italy

                              8.4.5.1. Italy Market estimates and forecast, 2018 - 2032 

                         8.4.6. Spain

                              8.4.6.1. Spain Market estimates and forecast, 2018 - 2032 

                    8.5. Asia Pacific

                         8.5.1. Asia Pacific estimates and forecast, 2018 - 2032 

                         8.5.2. Japan

                              8.5.2.1. Japan Market estimates and forecast, 2018 - 2032 

                         8.5.3. China

                              8.5.3.1. China Market estimates and forecast, 2018 - 2032 

                         8.5.4. India

                              8.5.4.1. India Market estimates and forecast, 2018 - 2032 

                         8.5.5. Australia

                              8.5.5.1. Australia Market estimates and forecast, 2018 - 2032 

                         8.5.6. South Korea

                              8.5.6.1. South Korea Market estimates and forecast, 2018 - 2032 

                    8.6. Latin America

                         8.6.1. Latin America estimates and forecast, 2018 - 2032 

                         8.6.2. Brazil

                              8.6.2.1. Brazil Market estimates and forecast, 2018 - 2032 

                         8.6.3. Mexico

                              8.6.3.1. Mexico Market estimates and forecast, 2018 - 2032 

                         8.6.4. Argentina

                              8.6.4.1. Argentina Market estimates and forecast, 2018 - 2032 

                         8.6.5. Colombia

                              8.6.5.1. Colombia Market estimates and forecast, 2018 - 2032 

                    8.7. MEA

                         8.7.1. MEA Market estimates and forecast, 2018 - 2032 

                         8.7.2. South Africa

                              8.7.2.1. South Africa Market estimates and forecast, 2018 - 2032 

                         8.7.3. Saudi Arabia

                              8.7.3.1. Saudi Arabia Market estimates and forecast, 2018 - 2032 

                         8.7.4. UAE

                              8.7.4.1. UAE Market estimates and forecast, 2018 - 2032 

Chapter 9. Competitive Profiles

                    9.1. Azenta US, Inc.

                         9.1.1. Company overview

                         9.1.2. Service benchmarking

                         9.1.3. Strategic initiatives

                    9.2. Hamilton Company

                         9.2.1. Company overview

                         9.2.2. Financial performance

                         9.2.3. Service benchmarking

                         9.2.4. Strategic initiatives

                    9.3. BioAscent

                         9.3.1. Company overview

                         9.3.2. Financial performance

                         9.3.3. Service benchmarking

                         9.3.4. Strategic initiatives

                    9.4. Evotec

                         9.4.1. Company overview

                         9.4.2. Financial performance

                         9.4.3. Service benchmarking

                         9.4.4. Strategic initiatives

                    9.5. Beckman Coulter, Inc.

                         9.5.1. Company overview

                         9.5.2. Financial performance

                         9.5.3. Service benchmarking

                         9.5.4. Strategic initiatives

                    9.6. SPT Labtech LTD.

                         9.6.1. Company overview

                         9.6.2. Financial performance

                         9.6.3. Service benchmarking

                         9.6.4. Strategic initiatives

                    9.7. Tecan Trading AG

                         9.7.1. Company overview

                         9.7.2. Financial performance

                         9.7.3. Service benchmarking

                         9.7.4. Strategic initiatives

                    9.8. Titian Service Limited

                         9.8.1. Company overview

                         9.8.2. Financial performance

                         9.8.3. Service benchmarking

                         9.8.4. Strategic initiatives

                    9.9. LiCONiC AG

                         9.9.1. Company overview

                         9.9.2. Financial performance

                         9.9.3. Service benchmarking

                         9.9.4. Strategic initiatives

                    9.10. AXXAM S.p.A.

                         9.10.1. Company overview

                         9.10.2. Financial performance

                         9.10.3. Service benchmarking

                         9.10.4. Strategic initiatives

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