Canada Compound Management Market Size & Outlook
Canada compound management market, 2018-2030 (US$M)
Related Markets
Canada compound management market highlights
- The Canada compound management market generated a revenue of USD 20.3 million in 2022 and is expected to reach USD 48.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.5% from 2023 to 2030.
- In terms of segment, product was the largest revenue generating type in 2022.
- Service is the most lucrative type segment registering the fastest growth during the forecast period.
Compound management market data book summary
| Market revenue in 2022 | USD 20.3 million |
| Market revenue in 2030 | USD 48.6 million |
| Growth rate | 11.5% (CAGR from 2022 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Service |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Service |
| Key market players worldwide | Azenta Inc, Tecan Group AG, Hamilton Lane Inc Class A, Evotec SE, LiCONiC, SPT Labtech, BioAscent, Beckman Coulter, Axxam |
Other key industry trends
- In terms of revenue, Canada accounted for 4.4% of the global compound management market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. compound management market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 526.6 million by 2030.
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Compound Management Market Scope
Compound Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada compound management market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to compound management market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 62.56% in 2022. Horizon Databook has segmented the Canada compound management market based on product, service covering the revenue growth of each sub-segment from 2018 to 2030.
The compound management market in Canada is driven by the growing demand for new drugs and therapies, coupled with the increasing investment in research & development activities. Several companies in Canada offer compound management services.
These include international players and local & small players, such as Brooks Life Sciences, Evotec, & Hamilton Storage. These companies provide services like compound library management, sample storage, & distribution, and automated compound handling.
Companies are focused on providing high-quality services, leveraging advanced technologies, and expanding their offerings to stay competitive. The regulations in Canada are governed by the FDA and Health Canada. Health Canada’s drug approval process is slow and based on a complete review of the safety and efficacy data.
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Target buyers of Canada compound management market databook
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Our clientele includes a mix of compound management market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada compound management market , including forecasts for subscribers. This country databook contains high-level insights into Canada compound management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada compound management market size, by type, 2018-2030 (US$M)
Canada Compound Management Market Outlook Share, 2022 & 2030 (US$M)
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