Market By Offering, Sample Type, Application, End-user, And Country | Forecast 2019-2028
Triton’s research report calculated the compound management market in the Middle East and Africa to expect growth as per revenue at a compound annual growth rate of 15.47% through the years 2019-2028.
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The countries considered for analysis in this market are:
•       The United Arab Emirates
•       Turkey
•       South Africa
•       Saudi Arabia
•       Rest of Middle East & Africa
In the United Arab Emirates, the pharmaceutical industry has observed tremendous growth due to increasing demand and scientific advancement in product innovation, leading to potentially useful medicines. This growth has attracted several multinational companies to invest in the Emirates, owing to its stability and well-developed infrastructure. Moreover, the government is willing to introduce cutting-edge treatments and therapies, which will further enhance pharma companies’ operations in the country. Such initiatives will also influence companies to invest in research and development activities for drug development, surging the need for compound management. This is advancing the compound management market’s future in the UAE.
On the other hand, Saudi Arabia’s pharma companies began as importing agents and distributors of foreign products, and these products continue to account for most of the market share. Nevertheless, the government’s efforts to limit pharmaceutical expenditure and promote local production have led generics to become the fastest-growing product. For instance, numerous domestic companies have entered into partnerships with global and regional pharma companies persuaded by government incentive schemes to promote local production of medicines. Moreover, pharmaceutical companies are required to perform multiple testing services during the product’s development to comply with regulatory standards. This rise in local production increases the need for compound management for efficient drug development, further displaying the growth potential for the compound management market in the country.
Brooks Life Sciences is a global multinational corporation in automated sample management for drug discovery and storage applications. It is continually putting in efforts in research and development activities to develop new products and enhance existing products’ performance. Its majority of product sales are through direct Brooks Life Sciences sales force, primarily store systems and services. The company markets and sells products in various regions, including the Middle East and Africa. Â
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VIEW REPORT1. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET - SUMMARY
2. INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. KEY INSIGHTS
2.2.1.  GROWTH IN NEW DISEASES INCREASES NEED FOR R&D AND COMPOUND MANAGEMENT
2.2.2.  RISE IN COMPOUND MANAGEMENT MARKET CONSOLIDATION
2.2.3.  INCREASE IN PERSONALIZED MEDICINE CREATES OPPORTUNITIES FOR MARKET
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1.  THREAT OF NEW ENTRANTS
2.3.2.  THREAT OF SUBSTITUTE
2.3.3.  BARGAINING POWER OF SUPPLIERS
2.3.4.  BARGAINING POWER OF BUYERS
2.3.5.  THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. MARKET DRIVERS
2.6.1.  INCREASE IN R&D ACTIVITIES IN PHARMACEUTICAL AND BIOTECH SECTORS
2.6.2.  GROWTH IN CLINICAL TRIALS
2.6.3.  BIOBANKING SECTOR PUSHING GROWTH OF MARKET
2.7. MARKET RESTRAINTS
2.7.1.  INCOMPATIBILITY WITH GLOBAL SYSTEMS
2.8. MARKET OPPORTUNITIES
2.8.1.  GROWING DEMAND FOR SPECIALIZED TESTING SERVICES
2.8.2.  GROWTH OPPORTUNITIES IN DEVELOPING COUNTRIES
2.9. MARKET CHALLENGES
2.9.1.  DEARTH OF SKILLED PROFESSIONALS
2.10. IMPACT OF COVID-19 ON COMPOUND MANAGEMENT MARKET
3. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET OUTLOOK - BY OFFERING
3.1. PRODUCT
3.1.1.  INSTRUMENT
3.1.1.1. AUTOMATED COMPOUND/SAMPLE STORAGE SYSTEMS
3.1.1.2. MANUAL COMPOUND/SAMPLE STORAGE SYSTEMS
3.1.1.3. AUTOMATED LIQUID HANDLING SYSTEMS
3.1.2.  SOFTWARE
3.2. SERVICES
4. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET OUTLOOK - BY SAMPLE TYPE
4.1. CHEMICAL COMPOUNDS
4.2. BIOSAMPLES
5. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET OUTLOOK - BY APPLICATION
5.1. DRUG DISCOVERY
5.2. GENE SYNTHESIS
5.3. BIOBANKING
6. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET OUTLOOK - BY END-USER
6.1. PHARMACEUTICAL COMPANIES
6.2. BIOPHARMACEUTICAL COMPANIES
6.3. CONTRACT RESEARCH ORGANISATION
6.4. OTHERS
7. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET - REGIONAL OUTLOOK
7.1. UNITED ARAB EMIRATES
7.2. TURKEY
7.3. SAUDI ARABIA
7.4. SOUTH AFRICA
7.5. REST OF MIDDLE EAST & AFRICA
8. COMPETITIVE LANDSCAPE
8.1. AXXAM SPA
8.2. BECKMAN COULTER INC
8.3. BIOASCENT
8.4. BIOSERO INC
8.5. BROOKS LIFE SCIENCES
8.6. EVOTEC
8.7. HAMILTON COMPANY
8.8. ICAGEN INC
8.9. LICONIC SYSTEMS
8.10. TCG LIFESCIENCES PVT LTD
8.11. TECAN TRADING AG
8.12. TITIAN SOFTWARE
8.13. SPT LABTECH (NAME CHANGED FROM TTP LABTECH)
8.14. WUXI APPTEC
8.15. HIGHRES BIOSOLUTIONS
9. METHODOLOGY & SCOPE
9.1. RESEARCH SCOPE & DELIVERABLES
9.2. SOURCES OF DATA
9.3. RESEARCH METHODOLOGY
TABLE 1. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 2. MARKET ATTRACTIVENESS INDEX
TABLE 3. VENDOR SCORECARD
TABLE 4. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY OFFERING, 2019-2028 (IN $ MILLION)
TABLE 5. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY PRODUCT, 2019-2028 (IN $ MILLION)
TABLE 6. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY INSTRUMENT, 2019-2028 (IN $ MILLION)
TABLE 7. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY SAMPLE TYPE, 2019-2028 (IN $ MILLION)
TABLE 8. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 9. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 10. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
FIGURE 1. PORTER’S FIVE FORCES ANALYSIS
FIGURE 2. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY PRODUCT, 2019-2028 (IN $ MILLION)
FIGURE 3. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY INSTRUMENT, 2019-2028 (IN $ MILLION)
FIGURE 4. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY AUTOMATED COMPOUND/SAMPLE STORAGE SYSTEMS, 2019-2028 (IN $ MILLION)
FIGURE 5. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY MANUAL COMPOUND/SAMPLE STORAGE SYSTEMS, 2019-2028 (IN $ MILLION)
FIGURE 6. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY AUTOMATED LIQUID HANDLING SYSTEMS, 2019-2028 (IN $ MILLION)
FIGURE 7. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)
FIGURE 8. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY SERVICES, 2019-2028 (IN $ MILLION)
FIGURE 9. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY CHEMICAL COMPOUNDS, 2019-2028 (IN $ MILLION)
FIGURE 10. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY BIOSAMPLES, 2019-2028 (IN $ MILLION)
FIGURE 11. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY DRUG DISCOVERY, 2019-2028 (IN $ MILLION)
FIGURE 12. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY GENE SYNTHESIS, 2019-2028 (IN $ MILLION)
FIGURE 13. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY BIOBANKING, 2019-2028 (IN $ MILLION)
FIGURE 14. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY PHARMACEUTICAL COMPANIES, 2019-2028 (IN $ MILLION)
FIGURE 15. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY BIOPHARMACEUTICAL COMPANIES, 2019-2028 (IN $ MILLION)
FIGURE 16. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY CONTRACT RESEARCH ORGANISATION, 2019-2028 (IN $ MILLION)
FIGURE 17. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, BY OTHERS, 2019-2028 (IN $ MILLION)
FIGURE 18. MIDDLE EAST AND AFRICA COMPOUND MANAGEMENT MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)
FIGURE 19. UNITED ARAB EMIRATES COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)
FIGURE 20. TURKEY COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)
FIGURE 21. SAUDI ARABIA COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)
FIGURE 22. SOUTH AFRICA COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)
FIGURE 23. REST OF MIDDLE EAST & AFRICA COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)