India Compound Management Market Size & Outlook, 2022-2030
India compound management market, 2018-2030 (US$M)
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India compound management market highlights
- The India compound management market generated a revenue of USD 15.2 million in 2022 and is expected to reach USD 52.0 million by 2030.
- The India market is expected to grow at a CAGR of 16.6% 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 15.2 million |
| Market revenue in 2030 | USD 52.0 million |
| Growth rate | 16.6% (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, India accounted for 3.3% 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 Asia Pacific, China compound management market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 51.5 million by 2030.
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Compound Management Market Scope
Compound Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 62.5% in 2022. Horizon Databook has segmented the India compound management market based on product, service covering the revenue growth of each sub-segment from 2018 to 2030.
The compound management market in India is highly competitive, with several players in operating players in the market. Some of the key players in the market include Brooks Life Science, Hamilton Company, and Tecan Group.
These organizations provide a variety of services and products to their customers, including software that facilitate compound library administration and enable effective compound monitoring and tracking. The demand for effective and affordable compound management services is anticipated to fuel the market expansion in the next years.
In India, the regulatory framework for compound management is primarily governed by the Central Drugs Standard Control Organization (CDSCO), which is responsible for regulating the manufacture, sale, and distribution of pharmaceuticals in the country.
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Target buyers of India 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 India compound management market , including forecasts for subscribers. This country databook contains high-level insights into India compound management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India compound management market size, by type, 2018-2030 (US$M)
India Compound Management Market Outlook Share, 2022 & 2030 (US$M)
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