Compound Management Market Size Is Projected To Reach USD 1.49 Billion By 2030
San Francisco, 29 Aug 2022: The Report Compound Management Market Size, Share & Trends Analysis Report By Type (Products, Service), By Sample Type (Chemical Compounds, Bio Samples), By Application, By End Use, By Region, And Segment Forecasts, 2022 - 2030 The global compound management market size is expected to reach USD 1.49 billion by the end of 2030, expanding at a CAGR of 15.6%, according to a new report by Grand View Research, Inc. Growing biopharmaceutical industry and biobanking sector is fueling the market growth. The growth of translational research and personalized medicine is driving the market. Efficient compound management is tremendously important for the success of drug discovery, where traceability, reliability, speed, and throughput are fundamental. Maintaining samples at the precise temperature, under nitrogen or dry air to prevent fluctuations of stock concentrations, and in a dark environment to avoid photodegradation, can help ensure consistency and longe