Market By Offering, Sample Type, Application, End-user, And Country | Forecast 2019-2028
Triton's report has determined that the North America compound management market is projected to progress at a CAGR of 14.17% in the evaluated years 2019-2028.
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The countries scrutinized in this market are:
•       United States
•       Canada
In the United States, the growth in the compound management market is mainly owing to the rapid research and development expenditure by pharmaceutical companies. Numerous pharma companies are concentrating on developing new leads and storing massive amounts of samples with the companies that are experts in compound management. This step helps companies in reducing their in-house R&D activities. Moreover, the competition among pharmaceutical and biotechnology companies to reduce drug development costs is also expected to drive the country's compound management market. Further, prominent pharma companies investing significantly in the R&D process is another factor that is likely to propel the compound management market on a growth path.
Furthermore, cancer is one of the primary causes of death in Canada. This has led various government organizations and societies to commence multiple research activities in the field of cancer treatment. For instance, the Ontario Institute for Cancer Research facilitates high-impact translational cancer research for patients suffering from different types of cancer. It is also involved in cross-disciplinary cancer research in drug discovery and molecular pathology with partners in the healthcare and government sectors. Moreover, the government's formation of biobanks helps in researching new targets to test new drugs. Hence, the government's investments in cancer research and drug discovery will enhance the need for efficient management of chemicals, simultaneously fueling the compound management market during the forecast period.Â
Biosero Inc develops laboratory automation software, instruments, and systems for R&D of life sciences applications. The company provides integrated solutions to automate laboratory workflows for the life sciences. It designed and deployed an automated lab workflow for the Scripps Research Institute that helps accelerate the screening of candidates, for COVID-19 drug therapy. The company has its headquarters in California, the United States.
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VIEW REPORT1. NORTH AMERICA 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. NORTH AMERICA 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. NORTH AMERICA COMPOUND MANAGEMENT MARKET OUTLOOK - BY SAMPLE TYPE
4.1. CHEMICAL COMPOUNDS
4.2. BIOSAMPLES
5. NORTH AMERICA COMPOUND MANAGEMENT MARKET OUTLOOK - BY APPLICATION
5.1. DRUG DISCOVERY
5.2. GENE SYNTHESIS
5.3. BIOBANKING
6. NORTH AMERICA COMPOUND MANAGEMENT MARKET OUTLOOK - BY END-USER
6.1. PHARMACEUTICAL COMPANIES
6.2. BIOPHARMACEUTICAL COMPANIES
6.3. CONTRACT RESEARCH ORGANISATION
6.4. OTHERS
7. NORTH AMERICA COMPOUND MANAGEMENT MARKET - REGIONAL OUTLOOK
7.1. UNITED STATES
7.2. CANADA
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. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 2. MARKET ATTRACTIVENESS INDEX
TABLE 3. VENDOR SCORECARD
TABLE 4. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY OFFERING, 2019-2028 (IN $ MILLION)
TABLE 5. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY PRODUCT, 2019-2028 (IN $ MILLION)
TABLE 6. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY INSTRUMENT, 2019-2028 (IN $ MILLION)
TABLE 7. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY SAMPLE TYPE, 2019-2028 (IN $ MILLION)
TABLE 8. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 9. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 10. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
FIGURE 1. PORTER’S FIVE FORCES ANALYSIS
FIGURE 2. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY PRODUCT, 2019-2028 (IN $ MILLION)
FIGURE 3. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY INSTRUMENT, 2019-2028 (IN $ MILLION)
FIGURE 4. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY AUTOMATED COMPOUND/SAMPLE STORAGE SYSTEMS, 2019-2028 (IN $ MILLION)
FIGURE 5. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY MANUAL COMPOUND/SAMPLE STORAGE SYSTEMS, 2019-2028 (IN $ MILLION)
FIGURE 6. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY AUTOMATED LIQUID HANDLING SYSTEMS, 2019-2028 (IN $ MILLION)
FIGURE 7. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)
FIGURE 8. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY SERVICES, 2019-2028 (IN $ MILLION)
FIGURE 9. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY CHEMICAL COMPOUNDS, 2019-2028 (IN $ MILLION)
FIGURE 10. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY BIOSAMPLES, 2019-2028 (IN $ MILLION)
FIGURE 11. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY DRUG DISCOVERY, 2019-2028 (IN $ MILLION)
FIGURE 12. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY GENE SYNTHESIS, 2019-2028 (IN $ MILLION)
FIGURE 13. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY BIOBANKING, 2019-2028 (IN $ MILLION)
FIGURE 14. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY PHARMACEUTICAL COMPANIES, 2019-2028 (IN $ MILLION)
FIGURE 15. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY BIOPHARMACEUTICAL COMPANIES, 2019-2028 (IN $ MILLION)
FIGURE 16. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY CONTRACT RESEARCH ORGANISATION, 2019-2028 (IN $ MILLION)
FIGURE 17. NORTH AMERICA COMPOUND MANAGEMENT MARKET, BY OTHERS, 2019-2028 (IN $ MILLION)
FIGURE 18. NORTH AMERICA COMPOUND MANAGEMENT MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)
FIGURE 19. UNITED STATES COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)
FIGURE 20. CANADA COMPOUND MANAGEMENT MARKET 2019-2028 (IN $ MILLION)