UAE Compound Management Market Size & Outlook, 2022-2030
UAE compound management market, 2018-2030 (US$M)
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UAE compound management market highlights
- The UAE compound management market generated a revenue of USD 4.7 million in 2022 and is expected to reach USD 16.2 million by 2030.
- The UAE market is expected to grow at a CAGR of 16.8% 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 4.7 million |
| Market revenue in 2030 | USD 16.2 million |
| Growth rate | 16.8% (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, UAE accounted for 1.0% 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 Middle East & Africa, South Africa compound management market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 16.2 million by 2030.
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Compound Management Market Scope
Compound Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE 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 59.57% in 2022. Horizon Databook has segmented the UAE compound management market based on product, service covering the revenue growth of each sub-segment from 2018 to 2030.
In UAE, significant growth was observed due to the rising demand & advancements in product innovation and also in leading useful medications. As a result, several leading players are investing in the country to establish infrastructure and stability in the country.
There are several treatments and therapies that the government of UAE is planning to introduce that would enhance pharmaceutical company operations. Such initiatives of the government would also influence several other companies to invest in R&D activities for drug development.
This would increase the need for compound management services & products in the country. Furthermore, the presence of several large companies, such as Beckman Coulter, Wuxi AppTec, Bio ascent, and Hamilton Company, are also adopting several strategies like mergers & acquisitions, expansions, and product launches to contribute to the demand for compound management services in the country.
Reasons to subscribe to UAE compound management market databook:
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Target buyers of UAE 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 UAE compound management market , including forecasts for subscribers. This country databook contains high-level insights into UAE compound management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE compound management market size, by type, 2018-2030 (US$M)
UAE Compound Management Market Outlook Share, 2022 & 2030 (US$M)
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