The Europe compound management market is expected to reach US$ 192.77 Mn in 2027 from US$ 60.32 Mn in 2018. The market is estimated to grow with a CAGR of 14.5 % from 2019-2027.
The growth of the market is driven by factors such as, growth in the bio-banking sector and development of the European pharmaceutical industry. However, market growth is likely to slow down due need to capital investment for the establishment of compound management facilities in the region.
The pharmaceutical industry is known as a significant contributor to the European economy. As per the European Federation of Pharmaceutical Industries and Association, in 2018, around US$ 41,000 Mn (i.e., €36,500 million) was invested in R&D in the European countries. As per the EUROSTAT, the pharmaceutical industry has the highest added-value per person employed, which is significantly higher than the average value for other high-tech and manufacturing industries. The pharmaceutical industry has the highest ratio of R&D investment to net sales. As per the 2018 EU Industrial R&D Investment Scoreboard, the pharmaceutical and biotechnology sector accounts for almost 18.9% of total business R&D expenditure across the globe.
Germany is considered to lead the market in Europe among the countries during the forecast period. Germany has a strong base of pharmaceutical companies, which are mainly driving the demand for compound management in the region. According to Germany Trade and Invest in 2015, there were more than 1,100 pharmaceutical companies present in Germany. These pharmaceutical companies are majorly focusing on R&D to develop new drugs for various therapeutic applications. The expenditures for R&D has increased by pharmaceutical companies in Germany. For instance, according to a report published by European Federation of Pharmaceutical Industries and Associations (EFPIA) in 2018, the pharmaceutical R&D expenditure in Germany has increased from US$ 7,100.6 million (6216 € million) in 2015 to US$ 7,113.2 million in 2015 (6,227€ million).
Exhibit: Germany Compound Management Market Revenue and Forecasts to 2027 (US$ Mn)
EUROPE COMPOUND MANAGEMENT – MARKET SEGMENTATION
By Product & Services
By Sample Type
By Application
By End User
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 60.32 Million |
| Market Size by 2027 | US$ 192.77 Million |
| CAGR (2019 - 2027) | 14.5 % |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Product & Services
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Compound Management Market is valued at US$ 60.32 Million in 2018, it is projected to reach US$ 192.77 Million by 2027.
As per our report Europe Compound Management Market, the market size is valued at US$ 60.32 Million in 2018, projecting it to reach US$ 192.77 Million by 2027. This translates to a CAGR of approximately 14.5 % during the forecast period.
The Europe Compound Management Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Compound Management Market report:
The Europe Compound Management Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Compound Management Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Compound Management Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Compound Management Market
