Compound Management Market Size, Trends and Growth Analysis by 2027

The global compound management market is projected to grow significantly, reaching an estimated US$ 691.41 million by 2027, up from US$ 220.19 million in 2018. This growth trajectory indicates a compound annual growth rate (CAGR) of 14.2% from 2019 to 2027.

Several factors are propelling the expansion of the compound management market. Notably, the increasing activities in drug discovery and the integration of artificial intelligence (AI) into the drug development process are key drivers. However, the market may face challenges due to a shortage of skilled professionals, which could impede its growth to some degree.

Compound management products play a crucial role in various laboratory processes, including sample acquisition and storage, as well as high-throughput compound screening. A modular automated sample storage system has been specifically designed to address the demands of complex sample and compound management tasks, operating efficiently at temperatures as low as -20?C. This system is versatile, capable of accommodating a wide variety of labware types, such as vials, tubes, and plates, thus supporting both current and future laboratory workflows.

The benefits of such systems include rapid access to stored samples, scalability, and seamless integration with complementary automation solutions, which enhance the efficiency of managing expanding compound libraries. Despite these advantages, the high cost of acquiring compound management instruments poses a significant barrier. Additionally, the operation of these sophisticated devices necessitates trained personnel. Companies that manufacture and supply these instruments typically offer basic training to ensure proper usage. Consequently, the combination of high acquisition costs and the scarcity of qualified professionals to operate these systems is expected to limit the growth potential of the compound management market.

The global compound management market is categorized based on various criteria, including product and services, sample type, application, and end user. The product and services segment encompasses a range of compound and sample management products, which include:

• Instruments


• Automated compound/sample storage systems


• Manual compound/sample storage systems


• Automated liquid handling systems


• Software and services

In terms of sample type, the market is divided into chemical compounds and biosamples. The applications of compound management are categorized into drug discovery, gene synthesis, and biobanking. The end users of these products include pharmaceutical companies, biopharmaceutical firms, contract research organizations (CROs), and other entities involved in research and development.

To compile the report, a variety of primary and secondary sources were utilized. Notable sources include:

• Department of Biotechnology


• Canadian Institutes of Health Research


• Indian Council of Medical Research


• Federation of Pharmaceutical Industries and Associations


• Association of the Italian Pharmaceutical Industry


• Bio Industry Association

These organizations provide valuable insights and data that contribute to a comprehensive understanding of the compound management market and its dynamics.

In conclusion, while the compound management market is on a robust growth path driven by advancements in drug discovery and technology, challenges such as high costs and a lack of skilled professionals must be addressed to fully realize its potential. The ongoing evolution of this market will likely depend on innovations in automation and training programs that can help bridge the skills gap in the workforce.