The global solid phase extraction market is expected to register a CAGR of 5.85% during the forecast period and is expected to hit USD 452.88 million by 2027.

Solid Phase Extraction (SPE) is a sample preparation process by which compounds that are dissolved or suspended in a liquid mixture are separated from other compounds in the mixture according to their physical and chemical properties. There are various instruments used in the technique including column, sensors, and others.

The growth of the global solid phase extraction market is attributed to the technological advancements in instrumentation, and government investments in academics and life sciences. Other factors like growth in generics and CROs are also driving market growth. Furthermore, expansion in developing countries and increasing use of the solid phase extraction techniques are likely to help the market grow in the future.

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MRFR recognizes the following companies as the key players in the global solid phase extraction market— Thermo Fisher Scientific (US), PerkinElmer Inc. (US), 3M (US), Gilson Incorporated (US), Gerstel GmbH Co. KG (Germany), Merck KGaA (Germany), Agilent Technologies Inc. (US), GL Sciences Inc. (Japan), Biotage AB (US), Waters Corporation (US), Tecan Trading AG (Switzerland), Cytiva (US), Pall Corporation (US), Phenomenex Inc. (US), and Sigma-Aldrich (US).

The global solid phase extraction market has been divided based on

• Type
• SPE disk
• SPE cartridge
• Others
• Application
• Pharmaceutical industries
• Hospitals clinics
• Environmental
• Academic research institutes
• Others

Regional Analysis

The global solid phase extraction market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East Africa. The Americas accounted for the largest market share in 2020 and is anticipated to dominate the global solid phase extraction market during the study period. However, Asia-Pacific is projected to register the highest CAGR during the forecast period.

The Americas is expected to dominate the global solid phase extraction market throughout the study period. This is majorly due to its increased use in various industries such as pharmaceutical, biotechnology, agriculture, and others. The Americas comprises North America and Latin America. The market in North America has been divided into the US and Canada. The US accounts for the largest market share in the North American solid phase extraction market. In the US, the availability of technologically advanced devices instruments and the high concentration of the major market players are the key drivers for growth of solid phase extraction market in the region.

The Asia-Pacific region represents lucrative opportunities for players operating in the solid phase extraction market, attributing to the latest progression in instrumentation, emerging economic conditions, increasing investment in biotechnology and pharmaceutical research organizations in the developing countries.

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TABLE OF CONTENTS

1     EXECUTIVE SUMMARY

2     Market Introduction

2.1        SCOPE OF THE STUDY

2.2        Research Objective

2.3        MARKET STRUCTURE

2.4        Assumptions Limitations

3     Research Methodology

3.1        DATA MINING

3.2        SECONDARY RESEARCH

3.3        PRIMARY RESEARCH

3.4        BREAKDOWN OF PRIMARY RESPONDENTS

3.5        FORECASTING TECHNIQUES

3.6        RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION

3.6.1      BOTTOM-UP APPROACH

3.6.2      TOP-DOWN APPROACH

3.7        DATA TRIANGULATION

3.8        VALIDATION

4     Market Dynamics

4.1        Overview

4.2        Drivers

4.2.1      Technological Advancements In Instrumentation

4.2.2      Government Investments In Academics And Life Sciences

4.2.3      Growth In Generics And CROs

4.3        Restraints

4.3.1      High Cost Of Instruments

4.3.1      Government Policies And Regulations

4.4        Opportunities

4.4.1      Expansion In Developing Countries

4.4.2      Increasing Use Of The Solid Phase Extraction Technique

TOC Continued…

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