The Latin America, Middle East and Africa Compound Management Market would witness market growth of 22.2% CAGR during the forecast period (2022-2028).
Compound management, specifically in high-throughput screening, necessitates inventory control of the small compounds and biologics required for tests and investigations. It makes use of skills in database management, robotics, chemistry, and biology. Additionally, the manager must have a thorough understanding of the safety requirements for handling and storing radioactive, volatile, flammable, and unstable substances. Compound management and compound control are crucial for research and drug discovery since large pharmaceutical organizations frequently have compound libraries with millions of chemical and biological molecules.
Many businesses opt to outsource this role to a business that specializes in this industry due to the high costs and infrastructure needed for accurate compound management (space needs, robotics, IT assistance, analytical support, etc.). Due to the difficulty of managing not just inventory data but also compound location, storage temperature, and compound integrity, it is crucial to engage with a business that has substantial experience in compound management. The ability to handle the diverse range of materials handled, including solids, flammable materials, liquids, oils, sticky solids, and gums along with dangerous, hygroscopic, combustible, and poisonous substances require vast experience.
The public's health to be protected against the use of medical products that do not adhere to standards of quality, safety, and efficacy, sound regulatory systems are essential. Various initiatives that have been put in place to enhance the effectiveness of National Medicines Regulatory Authorities (NMRAs) throughout Africa are summarized in this overview. All of the African nations (apart from the Sahrawi Republic) have NMRAs, but their administrative structure and operational capabilities vary. Others are somewhat autonomous, while some are housed inside Ministries of Health.
The Brazil market dominated the LAMEA Compound Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $23.8 million by 2028. The Argentina market is experiencing a CAGR of 22.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 21.9% during (2022 - 2028).
Based on Type, the market is segmented into Products (Automated Compound/Sample Storage Systems, Automated Liquid Handling Systems, and Others) and Services. Based on Application, the market is segmented into Drug Discovery, Gene Synthesis, Bio Banking, and Others. Based on Sample Type, the market is segmented into Chemical Compounds and Bio Samples. Based on End User, the market is segmented into Pharmaceutical Companies, Biopharmaceutical Companies, Contract Research Organizations, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Compound Management Market is Predict to reach $1.1 Billion by 2028, at a CAGR of 15.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Danaher Corporation (Beckman Coulter), Azenta US, Inc., Hamilton Company, BioAscent, Evotec SE, SPT Labtech Ltd., Tecan Group Ltd., Titian Software, LiCONiC AG, and AXXAM S.p.A.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Products
- Automated Compound/Sample Storage Systems
- Automated Liquid Handling Systems
- Others
- Services
By Application
- Drug Discovery
- Gene Synthesis
- Bio Banking
- Others
By Sample Type
- Chemical Compounds
- Bio Samples
By End User
- Pharmaceutical Companies
- Biopharmaceutical Companies
- Contract Research Organizations
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Danaher Corporation (Beckman Coulter)
- Azenta US, Inc.
- Hamilton Company
- BioAscent
- Evotec SE
- SPT Labtech Ltd.
- Tecan Group Ltd.
- Titian Software
- LiCONiC AG
- AXXAM S.p.A.
TABLE 1 LAMEA Compound Management Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Compound Management Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Compound Management Market by Type, 2018 - 2021, USD Million
TABLE 4 LAMEA Compound Management Market by Type, 2022 - 2028, USD Million
TABLE 5 LAMEA Products Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Products Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Compound Management Market by Products Type, 2018 - 2021, USD Million
TABLE 8 LAMEA Compound Management Market by Products Type, 2022 - 2028, USD Million
TABLE 9 LAMEA Automated Compound/Sample Storage Systems Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Automated Compound/Sample Storage Systems Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Automated Liquid Handling Systems Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Automated Liquid Handling Systems Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Compound Management Market by Application, 2018 - 2021, USD Million
TABLE 18 LAMEA Compound Management Market by Application, 2022 - 2028, USD Million
TABLE 19 LAMEA Drug Discovery Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Drug Discovery Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Gene Synthesis Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Gene Synthesis Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Bio Banking Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Bio Banking Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Compound Management Market by Sample Type, 2018 - 2021, USD Million
TABLE 28 LAMEA Compound Management Market by Sample Type, 2022 - 2028, USD Million
TABLE 29 LAMEA Chemical Compounds Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Chemical Compounds Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Bio Samples Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Bio Samples Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Compound Management Market by End User, 2018 - 2021, USD Million
TABLE 34 LAMEA Compound Management Market by End User, 2022 - 2028, USD Million
TABLE 35 LAMEA Pharmaceutical Companies Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Pharmaceutical Companies Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Biopharmaceutical Companies Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Biopharmaceutical Companies Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Contract Research Organizations Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Contract Research Organizations Market by Country, 2022 - 2028, USD Million
TABLE 41 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 43 LAMEA Compound Management Market by Country, 2018 - 2021, USD Million
TABLE 44 LAMEA Compound Management Market by Country, 2022 - 2028, USD Million
TABLE 45 Brazil Compound Management Market, 2018 - 2021, USD Million
TABLE 46 Brazil Compound Management Market, 2022 - 2028, USD Million
TABLE 47 Brazil Compound Management Market by Type, 2018 - 2021, USD Million
TABLE 48 Brazil Compound Management Market by Type, 2022 - 2028, USD Million
TABLE 49 Brazil Compound Management Market by Products Type, 2018 - 2021, USD Million
TABLE 50 Brazil Compound Management Market by Products Type, 2022 - 2028, USD Million
TABLE 51 Brazil Compound Management Market by Application, 2018 - 2021, USD Million
TABLE 52 Brazil Compound Management Market by Application, 2022 - 2028, USD Million
TABLE 53 Brazil Compound Management Market by Sample Type, 2018 - 2021, USD Million
TABLE 54 Brazil Compound Management Market by Sample Type, 2022 - 2028, USD Million
TABLE 55 Brazil Compound Management Market by End User, 2018 - 2021, USD Million
TABLE 56 Brazil Compound Management Market by End User, 2022 - 2028, USD Million
TABLE 57 Argentina Compound Management Market, 2018 - 2021, USD Million
TABLE 58 Argentina Compound Management Market, 2022 - 2028, USD Million
TABLE 59 Argentina Compound Management Market by Type, 2018 - 2021, USD Million
TABLE 60 Argentina Compound Management Market by Type, 2022 - 2028, USD Million
TABLE 61 Argentina Compound Management Market by Products Type, 2018 - 2021, USD Million
TABLE 62 Argentina Compound Management Market by Products Type, 2022 - 2028, USD Million
TABLE 63 Argentina Compound Management Market by Application, 2018 - 2021, USD Million
TABLE 64 Argentina Compound Management Market by Application, 2022 - 2028, USD Million
TABLE 65 Argentina Compound Management Market by Sample Type, 2018 - 2021, USD Million
TABLE 66 Argentina Compound Management Market by Sample Type, 2022 - 2028, USD Million
TABLE 67 Argentina Compound Management Market by End User, 2018 - 2021, USD Million
TABLE 68 Argentina Compound Management Market by End User, 2022 - 2028, USD Million
TABLE 69 UAE Compound Management Market, 2018 - 2021, USD Million
TABLE 70 UAE Compound Management Market, 2022 - 2028, USD Million
TABLE 71 UAE Compound Management Market by Type, 2018 - 2021, USD Million
TABLE 72 UAE Compound Management Market by Type, 2022 - 2028, USD Million
TABLE 73 UAE Compound Management Market by Products Type, 2018 - 2021, USD Million
TABLE 74 UAE Compound Management Market by Products Type, 2022 - 2028, USD Million
TABLE 75 UAE Compound Management Market by Application, 2018 - 2021, USD Million
TABLE 76 UAE Compound Management Market by Application, 2022 - 2028, USD Million
TABLE 77 UAE Compound Management Market by Sample Type, 2018 - 2021, USD Million
TABLE 78 UAE Compound Management Market by Sample Type, 2022 - 2028, USD Million
TABLE 79 UAE Compound Management Market by End User, 2018 - 2021, USD Million
TABLE 80 UAE Compound Management Market by End User, 2022 - 2028, USD Million
TABLE 81 Saudi Arabia Compound Management Market, 2018 - 2021, USD Million
TABLE 82 Saudi Arabia Compound Management Market, 2022 - 2028, USD Million
TABLE 83 Saudi Arabia Compound Management Market by Type, 2018 - 2021, USD Million
TABLE 84 Saudi Arabia Compound Management Market by Type, 2022 - 2028, USD Million
TABLE 85 Saudi Arabia Compound Management Market by Products Type, 2018 - 2021, USD Million
TABLE 86 Saudi Arabia Compound Management Market by Products Type, 2022 - 2028, USD Million
TABLE 87 Saudi Arabia Compound Management Market by Application, 2018 - 2021, USD Million
TABLE 88 Saudi Arabia Compound Management Market by Application, 2022 - 2028, USD Million
TABLE 89 Saudi Arabia Compound Management Market by Sample Type, 2018 - 2021, USD Million
TABLE 90 Saudi Arabia Compound Management Market by Sample Type, 2022 - 2028, USD Million
TABLE 91 Saudi Arabia Compound Management Market by End User, 2018 - 2021, USD Million
TABLE 92 Saudi Arabia Compound Management Market by End User, 2022 - 2028, USD Million
TABLE 93 South Africa Compound Management Market, 2018 - 2021, USD Million
TABLE 94 South Africa Compound Management Market, 2022 - 2028, USD Million
TABLE 95 South Africa Compound Management Market by Type, 2018 - 2021, USD Million
TABLE 96 South Africa Compound Management Market by Type, 2022 - 2028, USD Million
TABLE 97 South Africa Compound Management Market by Products Type, 2018 - 2021, USD Million
TABLE 98 South Africa Compound Management Market by Products Type, 2022 - 2028, USD Million
TABLE 99 South Africa Compound Management Market by Application, 2018 - 2021, USD Million
TABLE 100 South Africa Compound Management Market by Application, 2022 - 2028, USD Million
TABLE 101 South Africa Compound Management Market by Sample Type, 2018 - 2021, USD Million
TABLE 102 South Africa Compound Management Market by Sample Type, 2022 - 2028, USD Million
TABLE 103 South Africa Compound Management Market by End User, 2018 - 2021, USD Million
TABLE 104 South Africa Compound Management Market by End User, 2022 - 2028, USD Million
TABLE 105 Nigeria Compound Management Market, 2018 - 2021, USD Million
TABLE 106 Nigeria Compound Management Market, 2022 - 2028, USD Million
TABLE 107 Nigeria Compound Management Market by Type, 2018 - 2021, USD Million
TABLE 108 Nigeria Compound Management Market by Type, 2022 - 2028, USD Million
TABLE 109 Nigeria Compound Management Market by Products Type, 2018 - 2021, USD Million
TABLE 110 Nigeria Compound Management Market by Products Type, 2022 - 2028, USD Million
TABLE 111 Nigeria Compound Management Market by Application, 2018 - 2021, USD Million
TABLE 112 Nigeria Compound Management Market by Application, 2022 - 2028, USD Million
TABLE 113 Nigeria Compound Management Market by Sample Type, 2018 - 2021, USD Million
TABLE 114 Nigeria Compound Management Market by Sample Type, 2022 - 2028, USD Million
TABLE 115 Nigeria Compound Management Market by End User, 2018 - 2021, USD Million
TABLE 116 Nigeria Compound Management Market by End User, 2022 - 2028, USD Million
TABLE 117 Rest of LAMEA Compound Management Market, 2018 - 2021, USD Million
TABLE 118 Rest of LAMEA Compound Management Market, 2022 - 2028, USD Million
TABLE 119 Rest of LAMEA Compound Management Market by Type, 2018 - 2021, USD Million
TABLE 120 Rest of LAMEA Compound Management Market by Type, 2022 - 2028, USD Million
TABLE 121 Rest of LAMEA Compound Management Market by Products Type, 2018 - 2021, USD Million
TABLE 122 Rest of LAMEA Compound Management Market by Products Type, 2022 - 2028, USD Million
TABLE 123 Rest of LAMEA Compound Management Market by Application, 2018 - 2021, USD Million
TABLE 124 Rest of LAMEA Compound Management Market by Application, 2022 - 2028, USD Million
TABLE 125 Rest of LAMEA Compound Management Market by Sample Type, 2018 - 2021, USD Million
TABLE 126 Rest of LAMEA Compound Management Market by Sample Type, 2022 - 2028, USD Million
TABLE 127 Rest of LAMEA Compound Management Market by End User, 2018 - 2021, USD Million
TABLE 128 Rest of LAMEA Compound Management Market by End User, 2022 - 2028, USD Million
TABLE 129 Key Information – Danaher Corporation
TABLE 130 Key Information – Azenta US, Inc.
TABLE 131 key information – Hamilton Company
TABLE 132 key Information – BioAscent
TABLE 133 Key Information – Evotec SE
TABLE 134 Key Information – SPT Labtech LTD.
TABLE 135 Key Information – Tecan Group Ltd.
TABLE 136 Key Information – Titian Software
TABLE 137 Key Information – LiCONiC AG
TABLE 138 Key Information – AXXAM S.p.A.
List of Figures
FIG 1 Methodology for the research