Asia Pacific Compound Management Market

The Asia Pacific compound management market is expected to reach US$ 167.94 Mn in 2027 from US$ 50.78 Mn in 2018. The market is estimated to grow with a CAGR of 14.9 % from 2019-2027.

The growth of the compound management market is driven by factors such as, rising drug discovery activity in the Asian countries and initiatives undertaken by the government bodies. However, market growth is likely to slow down due to shortage of skilled professionals in the region.

Asian countries, such as Korea, Japan, China, and Malaysia, among others, have been actively functioning in the biobanking sector. Biobanks in Korea operate in collaboration and are coordinated collectively by six government ministries. Human biobanks in Korea are administered by the Ministry of Food and Drug Safety; the Ministry of Science, ICT and Future Planning, and The Ministry of Health and Welfare. As per stats by Thermo Fisher, during 2016 Korea had more than 60 biobanks. In Japan, biobanks are managed by small laboratories that are present in academic or governmental institutes. However, recently, the Japanese government reorganized funding and management of biobanks to ensure quality management of biological resources. Moreover, the government is also strengthening its life science research by establishing a dedicated funding agency which provides strategic support for biobanks handling useful resources for industrialization.

Among the countries in the region, China is expected to lead the market during the forecast period. The growth of the market is primarily attributed to the established pharmaceutical market, increasing R&D expenditures by the pharmaceutical and biopharmaceutical companies, an increasing number of clinical trials due to lower cost, and favorable regulatory policies. China has the world’s second-largest pharmaceutical market. The excessive population in China, coupled with the rise of various communicable and non-communicable diseases, are majorly driving the growth of the pharmaceutical companies in China and making it a prime market in the Asia Pacific region.

China Compound Management Market Revenue and Forecasts to 2027 (US$ Mn)

Asia Pacific Compound Management Strategic Insights

Strategic insights for the Asia Pacific Compound Management provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Compound Management Report Scope

Asia Pacific Compound Management Regional Insights

The geographic scope of the Asia Pacific Compound Management refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

ASIA PACIFIC COMPOUND MANAGEMENT – MARKET SEGMENTATION

By Product & Services

• Compound/Sample Management Products
  • Instruments
    • Automated Compound/Sample Storage Systems
    • Manual Compound/Sample Storage Systems
    • Automated Liquid Handling Systems
  • Software
• Services

By Sample Type

• Chemical Compounds
• Biosamples

By Application

• Drug Discovery
• Gene Synthesis
• Biobanking

By End User

• Pharmaceutical Companies
• Biopharmaceutical Companies
• Contract Research Organizations (CROs)
• Others

Company Profiles

• Biosero Inc.
• Meridian Bioscience
• Evotec
• Icagen, Inc.
• TCG Lifesciences Pvt. Ltd.
• TTP Labtech
• Frontier Scientific Services
• Hamilton Company
• Tecan Trading AG
• Brooks Life Sciences