market Overview
The global solid phase extraction market is expected to reach USD 452.88 million by the end of 2027, growing at a CAGR of 5.85% during the review period. The solid phase extraction (SPE) industry market has undergone different mechanical developments to address biotech and biopharmaceutical tissue, food and beverage, chemical compounds, semiconductor business, and ecological testing. These advances have led to improvements in miniaturization, robotization, and mechanization of equipment. These mechanical advances have expanded the adaptability and usability of SPE gadgets. In the future, it will rely on the further improvement of mechanical progression and mechanization degree to help the development of the market.
The global solid phase extraction market is expanding owing to mechanical advancements in product specifications. There is an increasing interest in innovative projects owing to the growing number of protocol research associations and growing acceptance of traditional medicines. The growth of the global market is attributed to increasing government investments in emerging technologies in academic and life sciences and instrumentation. Furthermore, market development is counted on to expand interest in the field of life sciences in the near future. Nevertheless, the lack of standardized guidelines hinders the growth of the market.
market segmentation
The global solid phase extraction market has been segmented into type, application, and region.
The Type segment is further divided into SPE Disk, SPE Cartridge, and Other.
On the basis of application, the global market is segmented into pharmaceutical industry, hospitals and clinics, environmental, academic and research, institutes and others
Regional Analysis
Americas accounted for the largest segment of the overall industry in 2020 and is projected to register a CAGR of 5.25% over the projected time frame. This strength can be attributed to increasing biotech and pharmaceutical organizations, expanding R&D capabilities, grouping of important market players, and accessibility to latest strategies and tools for drug discovery research. Europe offers considerable growth potential for market players, which will help expand the solid phase extraction market in the near future. Public authorities push to help such events boost the regional market.
The Asia Pacific region, which includes major countries such as China, India, Japan, Republic of Korea, and Australia, is expected to grow at the most impressive CAGR and will maintain this pattern for some time to come. Central points attributable to this development recall the recent instrumentation movement, emerging financial situation, expanding interest in biotechnology, and pharmaceutical research associations in the emerging countries of Asia-Pacific. The solid phase extraction industry market size in Middle East & Africa is small due to insufficient innovation and lack of focus of the target audience.
The main participants
Key market players operating in the global solid phase extraction market are Thermo Fisher Scientific (US), PerkinElmer Inc. (US), 3M (US), Gilson Incorporated (US), Gerstel GmbH & Co. KG (Germany), Merck KGaA (Germany), Agilent Technologies (US), GL Sciences Inc. (Japan), Biotage AB (Sweden), Waters Corporation (US), Tecan Trading AG (Switzerland), Cytiva (US), Pall Corporation (US), Phenomenex Inc. (USA) and Sigma-Aldrich (USA).
COVID 19 Impact
We have been tracking the impact of the COVID-19 pandemic on various industries and verticals across all sectors. Due to the impact of COVID-19 on the industry, our research report contains the same to help you understand the decline and rise. Additionally, we help you identify the gap between supply and demand in your market of interest. Additionally, the report helps you in your analysis, revisions to government regulations, and many other useful insights.
