Compound Management Market Trends

Statistics for the 2023 & 2024 Compound Management market trends, created by Mordor Intelligence™ Industry Reports. Compound Management trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Team License

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Corporate License

$8750

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Market Trends of Compound Management Industry

This section covers the major market trends shaping the Compound Management Market according to our research experts:

The Automated Storage Systems Segment is Expected to Dominate the Market Over the Forecast Period.

The automated storage systems segment is expected to exhibit lucrative growth over the forecast period owing to increasing demand for automation to manage compounds and libraries. Benefits offered by this product, such as enhanced overall reliability and efficiency, allow users to focus on high-value activities. Novel systems also provide the flexibility required for smaller companies to benefit from the integration of the system, eventually increasing the market for automated storage systems. Technological advancements in automated storage systems are also projected to bolster market growth. For instance, the Verso automated storage system offers a range of adaptable configurations, comprising an entry-level Verso SE series to suit the changing needs of compound storage.

Plate stamping, compound tracking, and reformatting can all be accomplished using an automated liquid handler and compound store equipment. As per the National Library of Medicine, in September 2021, automated storage systems improved overall efficiency and reliability, allowing users to focus on high-value activities. Many updated processes include the complete integration of storage systems with sample processing workstations that have pipetting robots. Smaller businesses can also benefit from system integration with novel systems. The Verso automated storage system, for example, offers a variety of adjustable configurations to meet the changing needs of compound storage.

Compound Management Market: Total Spending on Pharmaceutical Research and Development (In USD Billion), Global,2016-2020

The North American Region Dominates the Market and is Expected to Continue the Same During the Forecast Period.

North America dominates the global compound management market in terms of revenue share due to the strong base of biotechnology and pharmaceutical companies that are involved in drug discovery activity. Thus, there is an increasing demand for products and services in this region. Moreover, the increase in disease-related mortality and morbidity has led to the discovery of more drug candidates, thereby augmenting the growth in this region. Approximately 5,000-10,000 chemical compounds in the US undergo laboratory screening before being used on humans. Out of these compounds, about 250 enter preclinical testing, and five begin with the clinical trial. Such rising drug discovery activities are expected to create a demand for compound management products worldwide. For instance, Evotec has five compound management teams in Europe and the United States. 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.

NExT Diversity Libraries contain chemical scaffolds across ten commercial suppliers and compounds selected to fall within the boundaries of drug-like chemical space (e.g., Lipinski's rule of five, high QED scores). They mainly were identified as novel modulators for the drug target application. Commercially available chemical libraries help validate HTS-amenable assays and identify potential small molecule controls. They are used in assay validation and control compound identification.

Compound Management Market - Growth Rate by Region

Compound Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)