Market Overview:
Solid Phase Extraction (SPE) Market Size Was Valued at USD 499.22 Million in 2022, and is Projected to Reach USD 723.64 Million by 2030, Growing at a CAGR of 4.75% From 2023-2030.
Compounds are prepared through the process of solid phase extraction by dissolving or suspending them in a liquid mixture and then separating them from other compounds in the mixture based on their properties. The solid phase extraction market has seen a substantial expansion as a result of the expansion of genetics as a result of the rising demand for drug use. In recent years, government investments in the research and life science industries, which are primarily responsible for propelling the solid phase extraction market, have increased. The Solid Phase Extraction market will be dominated by North America as the United States is expected to hold the largest share. The solid phase extraction market is also expanding in Asia-Pacific due to rising economic conditions, expanding instrumentation, and growing biotechnology
Top Key Players Covered In The Solid Phase Extraction (SPE) Market:
- Thermo Fisher Scientific (U.S.)
- Agilent Technologies (U.S.)
- Waters (U.S.)
- GE Whatman (U.K.)
- Avantor Performance Materials (U.S.)
- PerkinElmer (U.S.)
- 3M (U.S.)
- W. R. Grace & Co (U.S.)
- UCT (U.S.)
- Merck (Germany)
- Biotage (Sweden)
- GL Sciences (Japan)
- Restek Corporation (U.S.)
- Orochem Technologies (U.S.), and Other Major Players.
Market Dynamics and Factors:
Rising Generics Industry driving the solid phase extraction (SPE) market. In the context of dosage, strength, route of administration, quality, and intended use, generic drugs are referred to as being equivalent to brand-name medicines. The number of pharmaceutical companies involved in the production and development of generic drugs has increased as a result of the worldwide demand for generic drugs. As a result, more people are looking for effective and dependable methods for preparing samples, like Solid Phase Extraction At various stages of drug development, including preclinical studies, clinical trials, and quality control, Solid Phase Extraction is used to develop and analyze generic drugs.
Augmenting the use of the solid phase extraction technique is expected to drive the Solid phase extraction (SPE) market in the future. Demand for sample preparation is rising: In a wide range of industries, including pharmaceuticals, food and beverage, environmental testing, and more, the Solid Phase Extraction method is frequently utilized for the preparation of samples. The SPE market has a huge opportunity to expand given the rising demand for high-quality sample preparation methods. New sorbent materials are being developed: The SPE market is anticipated to expand as new sorbent materials with enhanced selectivity and efficiency are developed. Molecularly imprinted polymers (MIPs) and graphene-based sorbents, for example, are two examples of novel sorbent materials that have the potential to provide superior performance to conventional sorbents.
Solid Phase Extraction (SPE) Market Report Highlight:
- By type, the SPE Cartridge segment is anticipated to lead the growth of the Solid Phase Extraction (SPE) market in the forecasted timeframe. Due to their ease of use, flexibility, and compatibility with automated sample preparation systems. SPE cartridges come in various sizes, configurations, and sorbent chemistries, allowing them to be used in a wide range of applications for the purification and isolation of target analytes from complex sample matrices.
- By Application, the Pharmaceutical Industries segment is expected to have the highest share of the Solid Phase Extraction (SPE) market over the projected period. Due to the requirement for high-quality sample preparation in drug development and analysis, the pharmaceutical industry has been one of the primary application areas for Solid Phase Extraction. At various stages of drug development, such as quality control, preclinical studies, and clinical trials, solid-phase extraction is utilized.
- The Asia Pacific region is expected to have the highest share of the Solid Phase Extraction (SPE) market over the projected period. The significant driving component for this locale is the public authority and the existence of scientific interest in innovative work for ecological development.
Key Industry Development:
- In October 2023, Thermo Fisher Scientific Launched the Clean-Fast Prep 96 SPE Plates featuring a new sorbent design for rapid protein purification from complex samples
- In November 2023, Merck KGaA Announced the Emporia Silica-S SPE Cartridges designed for efficient clean-up and enrichment of polar analytes from environmental samples.
Solid Phase Extraction (SPE) Market Segmentation:
By Type
- SPE Disk
- SPE Cartridge
By Application
- Pharmaceutical Industries
- Food and Beverage
- Hospitals & Clinics
- Environmental
- Academic & Research Institutes
For this report, Introspective Market Research has segmented the Solid Phase Extraction (SPE) Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
