The North America Compound Management Market would witness market growth of 14.2% CAGR during the forecast period (2022-2028).
The market is anticipated to grow as a result of businesses working together and utilizing expertise more frequently. Organizations are establishing new strategic collaborations with multiple academic institutions, VCs, and other publicly or privately enterprises to boost drug research. The demand for compound management services is anticipated to increase as public and commercial organizations collaborate more on drug discovery. For instance, the pharmaceutical giant AstraZeneca and Benevolent increased their collaboration to find treatments for conditions like systemic lupus erythematosus and heart failure in January 2022.
Some of the important drivers propelling the market are rising drug discovery efforts, expansion in the pharmaceutical and biotechnology sectors, and rising demand for outsourcing these services. In recent years, there has been an obvious increase in the medication pipeline. In 2020, there were 17,737 pharmaceuticals in the R&D pipeline, and in 2022, there were 20,109 drugs in the pipeline, according to Pharma R&D annual review 2022.
Pharmaceutical companies can submit patent applications to get 20 years of exclusivity for a discovery that is revealed in the patent. Several legal standards, including novelty, utility, and no obviousness to a "skilled in the art" person, are taken into consideration by inspectors at the Canadian Intellectual Property Office, a branch of Industry Canada, when determining which innovations are deserving of patent protection. Many patents covering the active ingredient, coatings, therapeutic purposes, dosing, manufacturing processes, and other components of commercially successful medications are typical.
The US market dominated the North America Compound Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $286.1 million by 2028. The Canada market is poised to grow at a CAGR of 16.8% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 15.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Compound Management Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Compound Management Market, 2018 - 2021, USD Million
TABLE 2 North America Compound Management Market, 2022 - 2028, USD Million
TABLE 3 North America Compound Management Market by Type, 2018 - 2021, USD Million
TABLE 4 North America Compound Management Market by Type, 2022 - 2028, USD Million
TABLE 5 North America Products Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Products Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Compound Management Market by Products Type, 2018 - 2021, USD Million
TABLE 8 North America Compound Management Market by Products Type, 2022 - 2028, USD Million
TABLE 9 North America Automated Compound/Sample Storage Systems Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Automated Compound/Sample Storage Systems Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Automated Liquid Handling Systems Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Automated Liquid Handling Systems Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Compound Management Market by Application, 2018 - 2021, USD Million
TABLE 18 North America Compound Management Market by Application, 2022 - 2028, USD Million
TABLE 19 North America Drug Discovery Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Drug Discovery Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Gene Synthesis Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Gene Synthesis Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Bio Banking Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Bio Banking Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Compound Management Market by Sample Type, 2018 - 2021, USD Million
TABLE 28 North America Compound Management Market by Sample Type, 2022 - 2028, USD Million
TABLE 29 North America Chemical Compounds Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Chemical Compounds Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Bio Samples Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Bio Samples Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Compound Management Market by End User, 2018 - 2021, USD Million
TABLE 34 North America Compound Management Market by End User, 2022 - 2028, USD Million
TABLE 35 North America Pharmaceutical Companies Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Pharmaceutical Companies Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Biopharmaceutical Companies Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Biopharmaceutical Companies Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Contract Research Organizations Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Contract Research Organizations Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 43 North America Compound Management Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Compound Management Market by Country, 2022 - 2028, USD Million
TABLE 45 US Compound Management Market, 2018 - 2021, USD Million
TABLE 46 US Compound Management Market, 2022 - 2028, USD Million
TABLE 47 US Compound Management Market by Type, 2018 - 2021, USD Million
TABLE 48 US Compound Management Market by Type, 2022 - 2028, USD Million
TABLE 49 US Compound Management Market by Products Type, 2018 - 2021, USD Million
TABLE 50 US Compound Management Market by Products Type, 2022 - 2028, USD Million
TABLE 51 US Compound Management Market by Application, 2018 - 2021, USD Million
TABLE 52 US Compound Management Market by Application, 2022 - 2028, USD Million
TABLE 53 US Compound Management Market by Sample Type, 2018 - 2021, USD Million
TABLE 54 US Compound Management Market by Sample Type, 2022 - 2028, USD Million
TABLE 55 US Compound Management Market by End User, 2018 - 2021, USD Million
TABLE 56 US Compound Management Market by End User, 2022 - 2028, USD Million
TABLE 57 Canada Compound Management Market, 2018 - 2021, USD Million
TABLE 58 Canada Compound Management Market, 2022 - 2028, USD Million
TABLE 59 Canada Compound Management Market by Type, 2018 - 2021, USD Million
TABLE 60 Canada Compound Management Market by Type, 2022 - 2028, USD Million
TABLE 61 Canada Compound Management Market by Products Type, 2018 - 2021, USD Million
TABLE 62 Canada Compound Management Market by Products Type, 2022 - 2028, USD Million
TABLE 63 Canada Compound Management Market by Application, 2018 - 2021, USD Million
TABLE 64 Canada Compound Management Market by Application, 2022 - 2028, USD Million
TABLE 65 Canada Compound Management Market by Sample Type, 2018 - 2021, USD Million
TABLE 66 Canada Compound Management Market by Sample Type, 2022 - 2028, USD Million
TABLE 67 Canada Compound Management Market by End User, 2018 - 2021, USD Million
TABLE 68 Canada Compound Management Market by End User, 2022 - 2028, USD Million
TABLE 69 Mexico Compound Management Market, 2018 - 2021, USD Million
TABLE 70 Mexico Compound Management Market, 2022 - 2028, USD Million
TABLE 71 Mexico Compound Management Market by Type, 2018 - 2021, USD Million
TABLE 72 Mexico Compound Management Market by Type, 2022 - 2028, USD Million
TABLE 73 Mexico Compound Management Market by Products Type, 2018 - 2021, USD Million
TABLE 74 Mexico Compound Management Market by Products Type, 2022 - 2028, USD Million
TABLE 75 Mexico Compound Management Market by Application, 2018 - 2021, USD Million
TABLE 76 Mexico Compound Management Market by Application, 2022 - 2028, USD Million
TABLE 77 Mexico Compound Management Market by Sample Type, 2018 - 2021, USD Million
TABLE 78 Mexico Compound Management Market by Sample Type, 2022 - 2028, USD Million
TABLE 79 Mexico Compound Management Market by End User, 2018 - 2021, USD Million
TABLE 80 Mexico Compound Management Market by End User, 2022 - 2028, USD Million
TABLE 81 Rest of North America Compound Management Market, 2018 - 2021, USD Million
TABLE 82 Rest of North America Compound Management Market, 2022 - 2028, USD Million
TABLE 83 Rest of North America Compound Management Market by Type, 2018 - 2021, USD Million
TABLE 84 Rest of North America Compound Management Market by Type, 2022 - 2028, USD Million
TABLE 85 Rest of North America Compound Management Market by Products Type, 2018 - 2021, USD Million
TABLE 86 Rest of North America Compound Management Market by Products Type, 2022 - 2028, USD Million
TABLE 87 Rest of North America Compound Management Market by Application, 2018 - 2021, USD Million
TABLE 88 Rest of North America Compound Management Market by Application, 2022 - 2028, USD Million
TABLE 89 Rest of North America Compound Management Market by Sample Type, 2018 - 2021, USD Million
TABLE 90 Rest of North America Compound Management Market by Sample Type, 2022 - 2028, USD Million
TABLE 91 Rest of North America Compound Management Market by End User, 2018 - 2021, USD Million
TABLE 92 Rest of North America Compound Management Market by End User, 2022 - 2028, USD Million
TABLE 93 Key Information – Danaher Corporation
TABLE 94 Key Information – Azenta US, Inc.
TABLE 95 key information – Hamilton Company
TABLE 96 key Information – BioAscent
TABLE 97 Key Information – Evotec SE
TABLE 98 Key Information – SPT Labtech LTD.
TABLE 99 Key Information – Tecan Group Ltd.
TABLE 100 Key Information – Titian Software
TABLE 101 Key Information – LiCONiC AG
TABLE 102 Key Information – AXXAM S.p.A.
List of Figures
FIG 1 Methodology for the research