Compound Management Market Revenue to Surpass USD 691.41 Million by 2027 at 14.28% CAGR: Impact of COVID-19 Pandemic and Global Analysis by The Insight Partners
According to a new market research study titled ‘Compound Management Market to 2027 – Global Analysis and Forecasts by Product & Services, Sample Type, Application and End User.’ The global Compound management market is expected to reach US$ 691.41 Mn in 2027 from US$ 220.19 Mn in 2018. The market is estimated to grow with a CAGR of 14.2% from 2019-2027. The report highlights the trends prevalent in the global compound management market and the factors driving the market along with those that act as deterrents to its growth.
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The compound management products are used for sample acquisition, storage with high-throughput compound screening. A modular automated sample storage system are efficiently designed for meeting the needs of the most challenging sample and compound management applications at temperatures to -20°C. The system can handle a broad range of labware types, which include vials, tubes, and plates, for accommodating current and future workflows. The advantages of system include rapid access storage that is scalable and easy to incorporate with complimentary automation for efficient sample management of growing compound libraries.
Global compound management market, based on product and services and further segmented into instruments was segmented as Automated Compound/Sample Storage Systems, Manual Compound/Sample Storage Systems and Automated Liquid Handling Systems and software. In 2018, Automated Compound/Sample Storage Systems led the market by the instrument type. In addition, the segment is also expected to grow at a significant rate, since the system can be run day and night without any supervision.
The major players operating in the compound management market include, Tecan Trading AG, Hamilton Company, TTP Labtech, Frontier Scientific Services, Biosero Inc., Evotec, Icagen, Inc., Wuxi Apptec, TCG Lifesciences Pvt. Ltd and BioAscent. The market has witnessed various organic as well as inorganic developments during recent years in the compound management market. During August 2019, Hamilton Company has launched a new automated liquid handling product Microlab Prep is high-speed multi-probe head, as well as a configuration containing both pipetting technology types.
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The report segments the Global Compound Management Market as follows:
Global Compound Management Market – By Product & Services
Compound/Sample Management Products
· Instruments
· Automated Compound/Sample Storage Systems
· Manual Compound/Sample Storage Systems
· Automated Liquid Handling Systems
· Software
· Services
Global Compound Management Market – By Sample Type
· Chemical Compounds
· Biosamples
Global Compound Management Market – By End User
· Pharmaceutical Companies
· Biopharmaceutical Companies
· Contract Research Organizations (CRO’s)
· Biobanks
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