Europe Compound Management Market Size & Outlook
Related Markets
Europe compound management market highlights
- The Europe compound management market generated a revenue of USD 133.1 million in 2022.
- The market is expected to grow at a CAGR of 14.8% 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.
- Country-wise, Spain is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 133.1 million |
| Market revenue in 2030 | USD 396.6 million |
| Growth rate | 14.8% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Service, Product |
| 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, Europe region accounted for 28.5% of the global compound management market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 339.4 million by 2030.
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Compound Management Market Scope
Compound Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Axxam | View profile | 51-100 | Milan, Lombardia, Italy, Europe | http://www.axxam.com/ |
| Beckman Coulter | View profile | 10001+ | Brea, California, United States, North America | http://www.beckmancoulter.com |
| BioAscent | View profile | 51-100 | Newhouse, North Lanarkshire, United Kingdom, Europe | http://www.bioascent.com/ |
| SPT Labtech | View profile | 101-250 | Melbourn, Cambridgeshire, United Kingdom, Europe | https://www.sptlabtech.com/ |
| LiCONiC | View profile | 101-250 | Mauren, Mauren, Liechtenstein, Europe | https://liconic.com |
| Evotec SE | View profile | 5055 | Essener Bogen 7, Manfred Eigen Campus, Hamburg, Germany, 22419 | https://www.evotec.com |
| Tecan Group AG | View profile | 3591 | Seestrasse 103, Mannedorf, Switzerland, 8708 | https://www.tecan.com |
| Azenta Inc | View profile | 3400 | 200 Summit Drive, 6th Floor, Burlington, MA, United States, 01803 | https://www.azenta.com |
| Hamilton Lane Inc Class A | View profile | 600 | 110 Washington Street, Suite 1300, Conshohocken, PA, United States, 19428 | https://www.hamiltonlane.com |
Europe 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 69.95% in 2022. Horizon Databook has segmented the Europe compound management market based on service, product covering the revenue growth of each sub-segment from 2018 to 2030.
The compound management market in Europe is experiencing steady growth driven by the factors such as the increasing number of drug discovery programs and the growing demand for AI technology-related software for sample & compound management.
Europe has several established players in the compound management market, such as titan software, Brooks Life Sciences, Tecan, and several smaller companies, such as AXXAM S.p.A. & SPT Labtech LTD, which specialize in specific areas of compound management like sample management or chemical analysis.
The COVID-19 pandemic had a major impact on the Europe compound management market, with several players accelerating their drug discovery programs due to the healthcare crisis. Thus, this created the demand for the compound management services market, particularly for the research & development of vaccines.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe compound management market , including forecasts for subscribers. This continent databook contains high-level insights into Europe compound management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe compound management market size, by country, 2018-2030 (US$M)
Europe Compound Management Market Outlook Share, 2022 & 2030 (US$M)
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