Europe Compound Management Market Research Report And Predictive Business Strategy By 2027

News

The Europe compound management market is expected to reach US$ 192.77 Mn in 2027 from US$ 60.32 Mn in 2018. The market is estimated to grow with a CAGR of 14.5 % from 2019-2027.

The pharmaceutical industry is known as a significant contributor to the European economy. As per the European Federation of Pharmaceutical Industries and Association, in 2018, around US$ 41,000 Mn (i.e., €36,500 million) was invested in R&D in the European countries. As per the EUROSTAT, the pharmaceutical industry has the highest added-value per person employed, which is significantly higher than the average value for other high-tech and manufacturing industries.

The Europe Compound Management Market is growing along with the healthcare industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

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Germany is considered to lead the market in Europe among the countries during the forecast period. Germany has a strong base of pharmaceutical companies, which are mainly driving the demand for compound management in the region. According to Germany Trade and Invest in 2015, there were more than 1,100 pharmaceutical companies present in Germany. These pharmaceutical companies are majorly focusing on R&D to develop new drugs for various therapeutic applications.

These factors are expected to offer broad growth opportunities in the healthcare industry and this is expected to cause the demand for immunochemistry assays in the market.

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EUROPE 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

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