Analysis and Forecasts by Product & Services (Compound/Sample Management Products and Services); Sample Type (Chemical Compounds and Biosamples); Application (Drug Discovery, Gene Synthesis, Biobanking); End User (Pharmaceutical Companies, Biopharmaceutical Companies, Contract Research Organizations (CROs), and Others) and Country
No. of Pages:141
Report Code:
TIPRE00006672
Category:
Technology, Media and Telecommunications
The North America compound management market is expected to reach US$ 275.04 Mn in 2027 from US$ 89.75 Mn in 2018. The market is estimated to grow with a CAGR of 13.9% from 2019-2027.
The growth of the market is driven by factors such as, increasing R&D expenditures and outsourcing activities and rise in the number of clinical trials. However, market growth is likely to slow down due to the shortage of skilled professionals in the region.
Research and development (R&D) is a significant part of the company’s business. Pharmaceutical and biotech companies focus on research and development (R&D) to come up with new molecules for various therapeutic applications with the most significant medical as well as commercial potential. Companies invest majorly on the R&Ds to deliver comparatively innovative products in the market. R&D investment made by biopharmaceutical companies has increased over the years. As per a report of Pharmaceutical Research and Manufacturers of America (PhRMA), the R&D expenditure of the biopharmaceutical companies has increased from US$49.6 billion in 2012 to US$ 58.8 billion in 2015.
The US is expected to lead the market in the North America region to the rapidly increasing expenditure of research and development by pharmaceutical companies. Moreover, various pharmaceutical companies are focusing on the development of new leads and storing the enormous amount of how samples to third-party companies who are expertise in compound management. This helps to reduce the in-house R&D activities by outsourcing these studies through third party companies’ expertise in compound management. Therefore, considering the factors mentioned above, growth of the market in the US is likely to contribute the most significant share in the North America region during the forecast period.
Exhibit: Mexico Compound Management Market Revenue and Forecasts to 2027 (US$ Mn)
NORTH AMERICA COMPOUND MANAGEMENT – MARKET SEGMENTATION
By Product & Services
Compound/Sample Management Products
Instruments
Automated Compound/Sample Storage Systems
Manual Compound/Sample Storage Systems
Automated Liquid Handling Systems
Software
Services
By Sample Type
Chemical Compounds
Biosamples
By Application
Drug Discovery
Gene Synthesis
Biobanking
By End User
Pharmaceutical Companies
Biopharmaceutical Companies
Contract Research Organizations (CROs)
Others
Company Profiles
Biosero Inc.
Meridian Bioscience
Evotec
Icagen, Inc.
TCG Lifesciences Pvt. Ltd.
TTP Labtech
Frontier Scientific Services
Hamilton Company
Tecan Trading AG
Brooks Life Sciences
North America Compound Management Market Strategic Insights
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North America Compound Management Market Segmentation Analysis
North America Compound Management Market Report Highlights
North America Compound Management Report Scope
Report Attribute
Details
Market size in 2018
US$ 89.75 Million
Market Size by 2027
US$ 275.04 Million
CAGR (2019 - 2027)
13.9%
Historical Data
2016-2017
Forecast period
2019-2027
Segments Covered
By Product & Services
Compound/Sample Management Products and Services
By Sample Type
Chemical Compounds and Biosamples
By Application
Drug Discovery
Gene Synthesis
Biobanking
By End User
Pharmaceutical Companies
Biopharmaceutical Companies
Contract Research Organizations
Regions and Countries Covered
North America
US
Canada
Mexico
Market leaders and key company profiles
Biosero Inc.
Meridian Bioscience
Evotec
Icagen, Inc.
TCG Lifesciences Pvt. Ltd.
TTP Labtech
Frontier Scientific Services
Hamilton Company
Tecan Trading AG
Brooks Life Sciences
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North America Compound Management Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
How big is the North America Compound Management Market?
The North America Compound Management Market is valued at US$ 89.75 Million in 2018, it is projected to reach US$ 275.04 Million by 2027.
What is the CAGR for North America Compound Management Market by (2019 - 2027)?
As per our report North America Compound Management Market, the market size is valued at US$ 89.75 Million in 2018, projecting it to reach US$ 275.04 Million by 2027. This translates to a CAGR of approximately 13.9% during the forecast period.
What segments are covered in this report?
The North America Compound Management Market report typically cover these key segments-
Product & Services (Compound/Sample Management Products and Services)
End User (Pharmaceutical Companies, Biopharmaceutical Companies, Contract Research Organizations)
What is the historic period, base year, and forecast period taken for North America Compound Management Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Compound Management Market report:
Historic Period : 2016-2017
Base Year : 2018
Forecast Period : 2019-2027
Who are the major players in North America Compound Management Market?
The North America Compound Management Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Biosero Inc.
Meridian Bioscience
Evotec
Icagen, Inc.
TCG Lifesciences Pvt. Ltd.
TTP Labtech
Frontier Scientific Services
Hamilton Company
Tecan Trading AG
Brooks Life Sciences
Who should buy this report?
The North America Compound Management Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the North America Compound Management Market value chain can benefit from the information contained in a comprehensive market report.
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