The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The compound management market has shown significant growth and is expected to continue expanding. Here’s a detailed look at its current status and future trends.

Current Market Dynamics

• Market Size: Increased from $0.45 billion in 2023 to $0.52 billion in 2024.
• Growth Rate: This represents a compound annual growth rate (CAGR) of 16.0%.
• Historical Drivers:
  • Advances in high-throughput screening (HTS).
  • Rising demand for outsourcing chemical management.
  • Increased R&D investments in pharmaceuticals.
  • Automation and robotics in compound management.
  • Growing need for regulatory compliance.

Future Market Projections

• Projected Growth: Expected to reach $0.95 billion by 2028.
• Forecast CAGR: Reflects a CAGR of 16.2%.
• Future Drivers:
  • Increased drug discovery and development activities.
  • Rising disease-related morbidity and mortality.
  • Growing prevalence of chronic diseases.
  • Expanding drug delivery projects.
  • Growth of biobanks.

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Rising Pharmaceutical Drug Manufacturing

• Impact on Market: The surge in pharmaceutical drug manufacturing is driving the compound management market’s growth.
• Factors:
  • Increasing demand for innovative medications.
  • Higher prevalence of chronic diseases.
  • Supportive government policies and funding.
  • Importance of personalized medicine.
• Market Statistics:
  • European pharmaceutical production reached $368.8 billion in 2022, up 4.95% from the previous year (EFPIA, June 2023).

Innovative Techniques in Compound Management

• Web-Based Solutions: Companies are focusing on web-based compound management systems to enhance efficiency.
  • Example: In December 2022, BioAscent launched Compound Connect, a web-based interface for secure and flexible compound library management.
• Benefits: Provides real-time access, streamlined management, and remote ordering capabilities for users ranging from small biotech startups to large drug discovery companies.

Strategic Acquisitions and Expansions

• eMolecules’ Acquisition: In May 2023, eMolecules acquired Specs Compound Handling B.V. to expand its global reach and enhance compound management capabilities.
• Significance: This acquisition aims to strengthen eMolecules’ presence and services in the compound management sector globally.

Market Segmentation

• By Type:
  • Product
  • Service
• By Sample:
  • Chemical Compound
  • Bio Samples
• By Application:
  • Drug Discovery
  • Gene Synthesis
  • Bio Banking
  • Other Applications
• By End-Use:
  • Pharmaceutical
  • Biopharmaceutical
  • Contract Research Organizations
  • Other End-Uses

Regional Insights

• North America: Largest region in the compound management market as of 2023.
• Asia-Pacific: Expected to be the fastest-growing region in the forecast period.

The compound management market is on a strong growth trajectory, driven by advancements in drug manufacturing, innovative solutions, and strategic expansions. With rising drug discovery activities and increasing demand for efficient management of chemical compounds, the market is set for substantial growth in the coming years.

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