Compound Management Market Size & Growth | Report 2027

Compound Management Market Forecast to 2027 – Global Analysis – by Product & Services (Compound/Sample Management Products and Services), Sample Type (Chemical Compounds and Biosamples), Application (Drug Discovery, Gene Synthesis, and Biobanking), and End User [Pharmaceutical Companies, Biopharmaceutical Companies, Contract Research Organizations (CROs), and Others]

Publication Month : Aug 2019

  • Report Code : TIPRE00004479
  • Category : Biotechnology
  • Status : Published
  • No. of Pages : 187
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[Research Report] The compound management market size is estimated to reach US$ 691.41 million by 2027 from US$ 220.19 million in 2018; it is estimated to grow at a CAGR of 14.2% during 2019–2027.

Compound management, also referred to as compound control, 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. It includes the restoration of chemicals that are outdated, databases, robotic technology frequently engaged with fetching chemicals, and control of quality related to storage environment. Compounds that are used for research purposes start their journey from the collection, then they are stored, processed, and finally reaches the research labs for drug development. Compound management is majorly a necessary expense, and career for various individuals who are managing the chemical library.

The compound management market growth is attributed to the rising trend in outsourcing compound/sample management, rising drug discovery activities, and the ability to overcome the bottlenecks associated with the drug development process. However, large capital investments required to establish compound management facilities may hinder the growth of the market.


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Compound Management Market: Strategic Insights

compound-management-market
Market Size Value inUS$ 220.19 million in 2018
Market Size Value byUS$ 691.41 million by 2027
Growth rateCAGR of 14.2% from 2019 to 2027.
Forecast Period2019-2027
Base Year2019
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Market Insights



Rising Drug Development Activity

Development of the drug is a complicated, long, and costly process, embedded with a high degree of improbability that a drug will succeed. Various advanced techniques are used to check the drug discovery processes. High Throughput Screening (HTS) is used in drug discovery for the screening of a large number of compounds with a biological target. The data on activity against the target is collected for a representative sample of compounds selected from an extensive library. Drug discovery aims to relate the operation of a compound to its chemical structure and therefore is used to identify more active compounds.

At present, approximately 5,000–10,000 chemical compounds should undergo laboratory screening and then should be used on humans. Out of the 5,000–10,000 compounds that are screened, about 250 enters preclinical testing, and five begins with the clinical trial. The overall process from discovery to the marketing of a drug takes around 10–15 years. The process of drug development in areas such as chemical development, high-throughput screening, formulation development, drug delivery, and assay development involves not only complications but also rules and regulations. Such rising drug discovery activities are expected to create a demand for compound management products round the world. For instance, Evotec has five compound management teams located in Europe and the US. Together, Evotec’s global compound management sites can store over 13 million compounds at different temperatures, and process and deliver more than 45 million compounds annually. The two main sites located in Branford, Connecticut, USA, and Toulouse, France handle majority of the compounds. 

The NExT Diversity Libraries contain chemical scaffolds across 10 commercial suppliers and compounds that were selected to fall within the boundaries of drug-like chemical space (e.g., Lipinski's rule of five, high QED scores). They were mostly identified as novel modulators for drug target application. Commercially available chemical libraries are available to help validate HTS-amenable assays and identify potential small molecule controls. These libraries contain a number of privileged scaffolds and are often biased toward known bioactivity and polypharmacology. They are used in assay validation and control compounds identification.

Product & Services-Based Insights

The global compound management market, based on product & services, is bifurcated into compound/sample management products and services. The compound/sample management products segment accounted for a larger share in the compound management market in 2018. However, the services segment is expected to witness a higher growth from 2019 to 2027. The product manufacturing companies provide various services to pharmaceutical companies, biopharmaceuticals, and contract research organizations with regard to their compound management storage needs, and are reasonably priced.

Sample Type-Based Insights

The global compound management market, based on sample type, is divided into chemical compounds and biosamples. The chemical compounds accounted for a larger share in 2018. However, the biosamples segment is expected to witness a faster growth over the forecast period. Compound management and biological sample management both have significant influence in the drug discovery process. Additionally, the collection, storage and distribution of human biological materials supports the advancement of the R&D industry, aids understanding of the mechanisms of diseases, and fuels the trend to provide personalized medicines.

Application-Based Insights

The global compound management market, based on application, is segmented into drug discovery, gene synthesis, and biobanking. In 2018, the drug discovery systems segment held the largest share and is expected to witness the highest growth over the forecast period. Rising need for fully automated procedures helps in compound weighing and dissolution, library maintenance, and assay plate preparation that radically improve drug discovery application workflows by eradicating time-consuming and error-prone tasks.

End User-Based Insights

The global compound management market, based on end user, is segmented into pharmaceutical companies, biopharmaceutical companies, contract research organizations (CROs), and others. In 2018, the pharmaceutical companies segment held the largest share. On the other hand, the biopharmaceutical companies segment is expected to witness the fastest growth over the forecast period. Companies are investing to build up compound management facilities that are especially critical for innovative biotechs working with a network of contract research organizations.

Product launches and approvals are commonly adopted strategies by companies to expand their global footprints and product portfolios. Moreover, the compound management market players focus on the partnership strategy to enlarge their clientele, which, in turn, permits them to maintain their brand name across the world. The compound management market share is anticipated to flourish with the development of new innovative products by market players. Some of the companies that have been included in our research scope are Biosero Inc.; WuXi AppTec; Evotec; Icagen, Inc.; TCG Lifesciences Pvt. Ltd.; TTP Labtech; Frontier Scientific Inc.; Hamilton Company; Tecan Trading AG; and Brooks Life Sciences.   

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product & Services, Sample Type, Application, and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

Frequently Asked Questions


What is compound control/management?

Compound management is also called as compound control, is the management of chemical libraries, such as restoration of outdated chemicals, records of the information, robotics is sometimes engaged in quality control of the storing environment.

Which end-user held the largest share in the compound management market?

Based on end user insights, the global compound management market is segmented into pharmaceutical companies, biopharmaceutical companies, contract research organizations (CROs), and others. Among above mentioned, the pharmaceutical companies segment held the largest share of the market in initial forecast period, and the same segment is projected to grow at the fastest rate during the forecast period i.e. 2019-2027.

What will be the CAGR of compound management market?

Compound management market is growing at CAGR of 14.2%.

Who are the key players in the compound management market?

The compound management market majorly consists of the players such as Evotec, Icagen, Inc., TCG Lifesciences Pvt. Ltd, TTP Labtech, Biosero Inc., Wuxi Apptec, Hamilton Company, Tecan Trading AG, Frontier Scientific Services and Brooks Life Sciences.

The List of Companies

  1. Tecan Trading AG
  2. Hamilton Company
  3. TTP Labtech
  4. Frontier Scientific Services
  5. Biosero Inc.
  6. Evotec
  7. Icagen, Inc.
  8. Wuxi Apptec
  9. TCG Lifesciences Pvt. Ltd
  10. BioAscent

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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