Solid Phase Extraction (SPE) Industry Market Overview
Solid-phase extraction (SPE) is an extractive technique that separates compounds that are dissolved or suspended in a liquid mixture based on their physical and chemical properties from other compounds in the mixture. Solid phase extraction is used in analytical laboratories to concentrate and purify materials for analysis. Solid phase extraction is a technique for isolating analytes of interest from a range of matrices, including urine, blood, water, drinks, soil, and animal tissue. The global Solid Phase Extraction (SPE) Industry market is expected to grow at a considerable rate in the forthcoming year.
The solid phase extraction (SPE) market has seen numerous technological improvements to fulfil the needs of biotechnology and biopharmaceutical companies, food and beverage companies, chemical companies, semiconductor companies, and environmental monitoring. Miniaturized, automated, and computerized gadgets have resulted from these improvements. SPE devices have become more convenient and simpler to use as a result of these technical improvements. Technological improvements and automation are projected to increase the growth of the global Solid Phase Extraction (SPE) Industry market. The global solid phase extraction market is expanding as product characteristics become more technologically advanced. Because of the expanding number of contract research companies and the increasing use of generic pharmaceuticals, there is a growing demand for creative goods. Increased investments in the life science sector are also projected to promote market growth in the near future.
On the negative side, the lack of standardized regulations is hindering the growth of the solid phase extraction (SPE) industry market. Moreover, changing government policies and regulations for medical instruments manufacturing and shipment or exports are some other factors limiting the market growth.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Application, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Thermo Fisher Scientific, PerkinElmer Inc., 3M, Gilson Incorporated, Gerstel GmbH & Co. KG, Merck KGaA, Agilent Technologies, GL Sciences Inc., Biotage AB, Waters Corporation, Tecan Trading AG, Cytiva, Pall Corporation, Phenomenex Inc., Sigma-Aldrich. |
Covid-19 Impact on Solid Phase Extraction (SPE) Industry Market
In addition, the current Solid Phase Extraction (SPE) Industry Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Solid Phase Extraction (SPE) Industry Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long-term as well as short-term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Solid Phase Extraction (SPE) Industry Market Segment Overview
According to Type, SPE Disk is the most prominent segment in the global Solid Phase Extraction (SPE) Industry market. For sample preparation, the SPE disc is used in solid-phase extraction. The constantly expanding pharmaceutical industry increased laboratory spending, and high adoption of superior technologies in emerging regions are driving market expansion for SPE discs. According to Application, Pharmaceutical Industries is another main segment in the global market. This segment's growth is primarily impacted by the constantly increasing pharmaceutical industry and widespread adoption of advanced technology. Furthermore, pharmaceutical companies are investing heavily in R&D to develop new pharmaceuticals and other biological products, which is propelling the segment's growth.
Solid Phase Extraction (SPE) Industry Market, By Type
· SPE Disk
· SPE Cartridge
· Others
Solid Phase Extraction (SPE) Industry Market, By Application
· Pharmaceutical Industries
· Hospitals & Clinics
· Environmental
· Academic & Research Institutes
· Others
Solid Phase Extraction (SPE) Industry Market Regional Overview
Region-wise, North America commanded a major share of the market and is predictable to maintain its supremacy over the forecast period. The expansion in biotechnology and pharmaceutical companies, greater R&D capacities, concentration of the leading market participants, and availability of the latest techniques and tools for drug discovery research are all factors contributing to this supremacy. Moreover, Europe is the second-largest region for the market. For market players, Europe provides significant growth potential, which can help in the advancement of the solid phase extraction market in the future years. The government's measures to assist such projects help the market grow in the region. As well, the Asia Pacific is expected to register the fastest growth during the forecast period. The latest advancements in instrumentation, emerging economic conditions, increasing investment in biotechnology, and pharmaceutical research organizations in Asia-Pacific developing countries are all contributing to the market’s expansion.
Solid Phase Extraction (SPE) Industry Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Solid Phase Extraction (SPE) Industry Market, Key Players
· Thermo Fisher Scientific
· PerkinElmer Inc.
· 3M
· Gilson Incorporated
· Gerstel GmbH & Co. KG
· Merck KGaA
· Agilent Technologies
· GL Sciences Inc.
· Biotage AB
· Waters Corporation
· Tecan Trading AG
· Cytiva
· Pall Corporation
· Phenomenex Inc.
· Sigma-Aldrich
Q1. What are the driving factors for the global Solid Phase Extraction (SPE) Industry market?
Technological improvements and automation are projected to increase the growth of the global Solid Phase Extraction (SPE) Industry market.
Q2. What are the restraining factors for the global Solid Phase Extraction (SPE) Industry market?
The lack of standardized regulations is hindering the growth of the solid phase extraction (SPE) industry market.
Q3. Which segment is projected to hold the largest share in the global Solid Phase Extraction (SPE) Industry Market?
SPE Disk segment is projected to hold the largest share in the global Solid Phase Extraction (SPE) Industry Market.
Q4. Which region holds the largest share in the global Solid Phase Extraction (SPE) Industry market?
North America held the largest share in the global Solid Phase Extraction (SPE) Industry market.
Q5. Which are the prominent players in the global Solid Phase Extraction (SPE) Industry Market?
Thermo Fisher Scientific, PerkinElmer Inc., 3M, Gilson Incorporated, Gerstel GmbH & Co. KG, Merck KGaA, Agilent Technologies, GL Sciences Inc., Biotage AB, Waters Corporation, Tecan Trading AG, Cytiva, Pall Corporation, Phenomenex Inc., Sigma-Aldrich. are some key players in the global Solid Phase Extraction (SPE) Industry Market
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
