Report ID: UCMIG35A2243
Report ID:
UCMIG35A2243 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The compound management market had a value of USD 410.1 million in 2021 and is projected to grow at a CAGR of 15.6% from 2022 to 2030. The market is being driven by factors such as the increasing demand for outsourcing services, the growth of the biotechnology and pharmaceutical industries, and rising drug discovery activities. A surge in the drug pipeline has been observed in recent years, with the number of drugs increasing from 17,737 in 2020 to 20,109 in 2022 according to the Pharma R&D annual review 2022. This growth in the drug pipeline is expected to create opportunities for the compound management market.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2243