Global Solid Phase Extraction Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

PE Disk and SPE Cartridge.

By Application;

Pharmaceutical Industries , Hospitals & Clinics , Environmental, and Academic & Research Institutes.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn111513729 Published Date: February, 2025 Updated Date: March, 2025

Introduction

Global Solid Phase Extraction Market (USD Million), 2021 - 2031

In the year 2024, the Global Solid Phase Extraction Market was valued at USD 234.88 million. The size of this market is expected to increase to USD 349.09 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.

The solid phase extraction (SPE) equipment market has seen a significant expansion due to the heightened demand for drug development. With generics anticipated to dominate more than 80% of the pharmaceutical market in the coming years, the need for SPE is expected to rise accordingly. For instance, Invest India reports that generic drugs already constitute 71% of the Indian pharmaceutical industry. Additionally, the European Union's efforts to lower barriers for cheaper biosimilars to enter the market aim to mitigate potential drug shortages, as experienced during the COVID-19 pandemic. Statista notes that over 65% of medications sold in European countries such as Italy are generic.

The pharmaceutical industry's increasing use of SPE consumables is a key driver of market growth. This demand is propelled by the need for high-throughput sample analysis requirements, especially with LC-MS-MS techniques and liquid chromatography-mass spectrometry (LC-MS). Furthermore, the uptick in R&D spending in the medical sector has spurred demand for SPE consumables. Another factor contributing to market growth is the ongoing automation of SPE processes, replacing older manual methods. Automated SPE offers several advantages over manual techniques, including enhanced laboratory productivity, reduced time, and solvent usage, thus stimulating further market expansion.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Solid Phase Extraction Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand from Various Industries
        2. Advancements in Instrumentation Technology
        3. Increasing Stringent Regulations
      2. Restraints
        1. High Cost of Consumables
        2. Environmental Concerns
      3. Opportunities
        1. Development of New Sorbents
        2. Growing Demand in Developing Markets
        3. Integration with Automation Systems
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Solid Phase Extraction Market, By Type, 2021- 2031 (USD Million)
      1. PE Disk
      2. SPE Cartridge
    2. Global Solid Phase Extraction Market, By Application, 2021 - 2031 (USD Million)
      1. Pharmaceutical Industries
      2. Hospitals & Clinics
      3. Environmental
      4. Academic & Research Institutes
    3. Global Solid Phase Extraction Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Thermo Fisher Scientific Inc
      2. PerkinElmer Inc
      3. 3M
      4. Gilson Incorporated
      5. Gerstel GmbH & Co. KG
      6. Merck KGaA
      7. Agilent Technologies Inc
      8. GL Sciences Inc
      9. Biotage AB
      10. Waters Corporation
      11. Tecan Trading AG
  7. Analyst Views
  8. Future Outlook of the Market