U.S. Compound Management Market Size & Outlook, 2022-2030
U.S. compound management market, 2018-2030 (US$M)
Related Markets
U.S. compound management market highlights
- The U.S. compound management market generated a revenue of USD 170.3 million in 2022 and is expected to reach USD 526.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 15.2% 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 170.3 million |
| Market revenue in 2030 | USD 526.6 million |
| Growth rate | 15.2% (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, U.S. accounted for 36.5% 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 |
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U.S. 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 61.95% in 2022. Horizon Databook has segmented the U.S. compound management market based on product, service covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of large biopharmaceutical companies engaged in drug discovery in the U.S. is the primarily key factor driving the growth of the market in the country. To maintain the productivity of sudrugs & biologics, several leading pharmaceutical and biopharmaceutical started building storage facilities in the country.
In the U.S., more than 5,000 chemical substances undergo laboratory testing before being applied to people. Less than 10 start clinical trials out of these, while roughly 250 go into preclinical testing. The country's demand for compound management products would increase as a result of these rising drug research activities.
Evotec, for example, has five compound management expert teams in the United States and Europe. The company's global compound management facilities can together store over 13 million compounds at various temperatures and processing rates and supply over 45.0 million compounds yearly.
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Target buyers of U.S. 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 U.S. compound management market , including forecasts for subscribers. This country databook contains high-level insights into U.S. compound management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. compound management market size, by type, 2018-2030 (US$M)
U.S. Compound Management Market Outlook Share, 2022 & 2030 (US$M)
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