North America Compound Management Market – Industry Trends and forecast period of 2021 to 2028.
· North America Compound Management Market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 14.9% in the forecast period of 2021 to 2028 and is expected to reach USD 1,237.41 million by 2028 from USD 409.98 million in 2020. Upgradation of the software driven compound management and trending bio banking scenario are expected to be the key drivers for the compound management market.
North America Compound Management Market Definition
· The compound management market also provides you with detailed market analysis for every country growth in compound management product sales, impact of advancement in the compound management and changes in regulatory scenarios with their support for the compound management market. The data is available for historic period 2010 to 2019.
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· North America Compound Management Market Segmentation
· On the basis of process, the compound management market is segmented into high-throughput screening, fragment based screening and lead optimization. In 2021, high throughput screening segment is dominating the market as it has been the leading model of small molecule drug discovery for the biopharmaceutical industry. Companies have invested more than one million compounds in hardware (liquid storage, robotics and read-out technologies), process automation, and large compound collections in over two to three decades.
· On the basis of application, the compound management market is segmented into drug discovery, preclinical discovery, gene synthesis, bio banking and others. In 2021, drug discovery segment is dominating the market as most companies are focused on investing the highest amount of capital in drug discovery as compared to other applications as it involves the identification of hits and lead candidates, chemical synthesis, characterization of the leads compound, screening, and assays for therapeutic efficacy of the final developed compound.
North America Compound Management Market - Regional Analysis & Insights
The compound management market report provides details of market share, new developments, and impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Compound Management Market Industry Country Level Analysis
· The countries covered in the compound management market report are the U.S., Canada and Mexico.
· North America region holds the highest share in the compound management market and is expected to witness the CAGR during the forecast period due to increasing involvement of AI in drug development workflow, increase in outsourcing compound management, trending bio banking scenario among other factors. The U.S. has the highest household spending in the world and offers trade agreements with several countries making it the largest market for consumer products including compound management products.
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North America Compound Management Market Share Analysis and Some major players
· The major companies providing compound management are High Res Biosolutions, Brooks Life Sciences, Tecan Trading AG, Evotec SE, Hamilton Company, Pharmaron, LABCYTE INC., AXXAM S.p.A HighRes Biosolutions, LiCONiC AG, Specs Compound Handling B.V., SPT Labtech, WuXi AppTech among others among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
· Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the compound management market.
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Major TOC of the North America Compound Management Market
· Chapter One: Introduction
· Chapter Two: Market Segmentation
· Chapter Three: Market Overview
· Chapter Four: Executive Summary
· Chapter Five: Premium Insights
· Chapter Six: North America Compound Management Market
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