Solid Phase Extraction Equipment Market Key Findings, Regional Analysis, Top Key Players of forecast 2027
Solid-phase extraction (SPE) is a process for sample
preparation by which dissolved or suspended compounds in a liquid solution are
separated from other compounds according to their physical and chemical
properties. Among its various end-use industries, the SPE process is
extensively used in pharmaceutical industries and environmental care. The
massive uptake of SPE in a number of growing industries is driving the
solid-phase extraction market.
According to Market Research Future (MRFR), the global solid
phase extraction equipment market is poised to touch a valuation of USD
474.73 MN. In its recently published research report, MRFR also asserts that
the market would register a CAGR of 4.62% throughout the forecast period. Technological
advancements in instrumentation is a key driving force behind the growth of the
market.
Additional factors helping in bolstering the growth of the
market include government investments in academics & life sciences and
growth in the pharmaceutical sector and contract research organizations (CRO).
Moreover, increasing demand for drug development has led to an increase in the
size of the solid phase extraction market.
The wide acceptance of SPE in the pharmaceuticals and
nutraceuticals industry, especially in developed economies define the growing
landscape of the market, attributing to the approval of regulatory authorities.
On the other hand, the high cost of instruments alongside, the stringent
government policies & regulations restrain the growth of the market.
Global Solid Phase Extraction Market – Segments
The report is segmented into three key market dynamics to
widen the scope of understanding,
By Type :
SPE Disk and SPE Cartridge.
By Application :
Pharmaceutical Industries, Hospitals & Clinics, and Environmental Care,
among others.
By Regions :
Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Solid Phase Extraction Market – Regional Analysis
The North American region dominates the global solid phase
extraction market, accounting for a share of 39.9%. Increased use of
solid-phase extraction in various such as pharmaceutical, biotechnology, and
agriculture companies, among others drives the regional market growth.
Moreover, factors such as the rising acceptance led by the wide-spread
awareness about solid phase extraction in personal care products companies in
the US is projected to stimulate the growth of the regional market.
The solid phase extraction market in the European region
accounts for the second-largest share, globally. Rapid increase in biomedical
and medical research is considered to be the key force fostering the market
growth in the region. Also, the early adoption of solid phase extraction in the
pharmaceutical sector in European countries such as the UK, Germany, and France
would allow a decent increase in the regional market size over the forecast
period.
The Asia Pacific solid phase extraction market is emerging
as a profitable market, globally. Factors such as the latest progression in
instrumentation and emerging economic conditions in the region boost the
regional market growth. Moreover, increasing investment in biotechnology and
pharmaceutical research organizations in the rapidly developing APAC countries
such as India, Japan, and China are propelling the growth of the solid phase
extraction market in the region.
Global Solid Phase Extraction Market – Competitive Analysis
Highly competitive, the solid phase extraction market
appears to be widely expanded due to the presence of several small and
large-scale companies. Well-established players adopt strategies such as
acquisition, collaboration, expansion, and product launch to gain a competitive
edge in the market. These players also focus on new product development and
geographical expansion.
Major Players:
Players leading the global solid phase extraction market
include PerkinElmer Inc, Thermo Fisher Scientific Inc, 3M, Gerstel GmbH &
Co. KG, Gilson Incorporated, Merck KGaA, GL Sciences Inc, Agilent Technologies
Inc., Biotage AB, Tecan Trading AG., and Waters Corporation, among others.
Industry/ Innovations/ Related News
February 20, 2019 ---- Phenomenex, Inc. (the US), a leading
global player involved in the research, develop, and manufacturing of advanced
technologies for the separation sciences, launched its new device – Presston™
1000. The new device is a positive pressure manifold for 96-well plate sample
preparation processing. To offer wider applicability, this new positive pressure
manifold is equipped for processing samples in both a low-pressure setting for
typical solid-phase extraction steps and a high-pressure setting for very
viscous sample processing and for sample dry down.
In addition to its consistency, wide applicability, and
effective pneumatic processing, Presston 1000 is designed to provide an
additional feature for safety that not only reduces manual work but is also
ergonomically efficient. Presston 1000 is an advanced alternative to
traditional vacuum manifold processing, that can reduce the inconsistent
pressures, greatly, providing a more reproducible solution for mid to
high-throughput laboratories. Inconsistencies in forces are inherent in vacuum
techniques.
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