Compound Management Market Overview

Compound Management Market is expected to reach a CAGR of YY% By 2031

Compound Management, also known as compound control, refers to the systematic management of chemical libraries. This includes the renewal of outdated chemicals, maintaining databases that store related information, utilizing robotics for retrieving chemicals, and ensuring quality control of the storage environment.

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Compound Management Market Trends
The demand for drug discovery activities has seen a notable rise, leading to a significant expansion of the drug pipeline in recent years. This growth is driven by advancements in the pharmaceutical and biotechnology industries, along with increasing demand for outsourcing services. According to the Pharma R&D Annual Review 2022, the R&D pipeline expanded from 17,737 drugs in 2020 to 20,109 drugs in 2022. This expanding pipeline is expected to create new opportunities in the market. During the COVID-19 pandemic, many vaccines and drugs were under development. However, the review highlighted that biotechnology and anticancer drugs dominated the pipeline in 2022.

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The Compound Management Market is segmented
By Product & Service: Automated Compound/Sample Storage Systems, Automated Liquid Handling Systems, Others
By Sample Type: Chemical Compounds, Bio Samples
By End-User: Biopharmaceutical Companies, Contract Research Organizations, Pharmaceutical Companies, Biobanks, Others
By Region: North America, Europe, South America, Asia Pacific, Middle East, and Africa

Competitive Landscape
• Biosero
• Evotec
• Hamilton Company
• HighRes Biosolutions
• TCG Lifesciences
• Tecan
• SPT Labtech
• Wuxi Apptec
• Bioascent
• Liconic AG

Related Reports
Drug Discovery Services Market
Drug Discovery Informatics Market
Hormone Replacement Therapy (HRT) Market

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