COMPOUND MANAGEMENT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Compound Management Market, By compound Type (Small Molecules, Biologics, Nucleic Acids, Cell Lines, and Others), By Type (Product (Automated Compound/ Sample Storage System, Automated Liquid Handling Systems, and Others) and Services (Compound Sourcing and Acquisition, Compound Reformatting and Normalization, Compound Quantification and Qualification)), By Application (Drug Discovery, Drug Development, Chemical Biology Research, Biobanking, Forensics and Toxicology, and Others), By End-User (Pharmaceutical and Biotechnology Companies, Contract Research Organizations (CROs), Academic and Research Institutes, Forensic Laboratories, and Other End-Users), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

In November 2023, Sygnature Discovery invested £3.75 million in a new Azenta compound management storage system. This state-of-the-art technology enhances hit-finding capabilities and offers pharma and biotech clients the option to store their compound libraries.
In May 2023, eMolecules, Inc. acquired Specs Compound Handling B.V., a company specializing in chemical compound management for the life sciences sector. Specs enhances time and cost efficiency in large-scale drug screening programs, particularly in Europe’s pharmaceutical, biotechnology, and academic fields.
In June 2022, TTP, a leading technology and product development company in Europe, and Ionomr Innovations Inc., a specialist in next-generation ion-exchange membranes and polymers for clean energy, announced a collaboration to showcase a new green hydrogen electrolyzer intended for mass production
In December 2021, BICO acquired Biosero, a top software company for automated processes and lab connections, for up to US$ 20 million over three years. The deal, with 63% paid in cash, 21% in shares, and 16% as an earnout, aims to boost Biosero’s commercial growth and expand into new markets.
In February 2021, SPT Labtech acquired BioMicroLab, enhancing its sample management capabilities in the life sciences sector