Market Size (2015)
2015
$340.00M
Healthcare
Solid Phase Extraction Market
By Segment, By Region, And Segment Forecasts, 2015 – 2023
Vertical: HealthcareBase Year: 201712 Sections
Executive Summary
Solid Phase Extraction Market — Snapshot
Projected (2023)
2023
$474.73M
CAGR (2015–2023)
4.3%
4.3%Key Players
111+
This report covers Solid Phase Extraction Market with forecasts from 2015 to 2023. 111 key companies are profiled.
Key Insight
The Solid Phase Extraction Market market is projected to grow at a CAGR of 4.3% from 2015 to 2023.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansMarket Scope & Coverage
What this report covers
- Geographic Coverage: This analysis covers 5 regions: Middle East and Africa, North America, Asia Pacific, Europe, South America.
- Market Segmentation: The market is analyzed across 3 segments: SPE Disk, SPE Cartridge, Others. Forecasts are provided for each segment from 2015 to 2023.
- Competitive Landscape: 111 leading companies are profiled, covering market positioning, strategies, and recent developments.
Market Size (USD Mn)
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View Subscription PlansMarket Overview
Solid Phase Extraction Market — Growth Trajectory
The scope of the global solid phase extraction industry market study includes the market size analysis and a detailed analysis of the manufacturers’ products and strategies. The market is further segmented based on type, application, and region.
Solid Phase Extraction Market — Growth Trajectory
SPE Disk
SPE Cartridge
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View Subscription PlansMarket Size Trend (USD Mn)
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View Subscription PlansMarket Dimensions
How this market is segmented
- Type Type is broken down into: SPE Disk, SPE Cartridge, Others.
- Application Application is broken down into: Pharmaceutical Industries, Hospitals & Clinics, Environmental, Academic & Research Institutes, Application_Others.
Geographic Analysis
Regional market breakdown
- Middle East and Africa Middle East and Africa market size reached $19.72M in 2015 and is projected to reach $27.67M by 2023, growing at a CAGR of 4.3%.
- North America North America market size reached $113.56M in 2015 and is projected to reach $156.96M by 2023, growing at a CAGR of 4.1%.
- Asia Pacific Asia Pacific market size reached $69.70M in 2015 and is projected to reach $103.81M by 2023, growing at a CAGR of 5.1%.
- Europe Europe market size reached $113.56M in 2015 and is projected to reach $159.83M by 2023, growing at a CAGR of 4.4%.
- South America South America market size reached $23.46M in 2015 and is projected to reach $26.47M by 2023, growing at a CAGR of 1.5%.
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View Subscription PlansResearch Methodology
Solid Phase Extraction Market — How We Researched This Market
This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2017
Historical Period
2015 – 2017
Forecast Period
2017 – 2023
Primary Interviews
150+
Research Process
Historical data (2015–2017) and forecast period (2017–2023)
1
Problem Definition
- Market scoping
- Objective setting
- Framework design
2
Secondary Research
- Literature review
- Data mining
- Trend analysis
3
Primary Research
- Expert interviews
- Field visits
- Surveys
4
Data Analysis
- Quantitative modeling
- Statistical testing
- Validation
5
Insights & Reporting
- Synthesis
- Recommendations
- Visualization
Research Depth
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Historical vs. Forecast Data
Historical (observed)
Forecast (modelled)
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View Subscription PlansCompetitive Landscape & Porter's Five Forces
Solid Phase Extraction Market — Competitive Analysis
Bargaining Power of Suppliers
The bargaining power of suppliers in this market is medium to high, though there are a huge number of suppliers in the market the suppliers providing quality and cost-effective products are limited. Switching cost of the product varies from suppliers to suppliers. In developing regions such as Asia-Pacific, the suppliers are trying to provide their products at an affordable price. High bargaining power of suppliers force the manufactures to reduce the prices and ultimately reduces the profit potential.
Bargaining Power of Buyers
The bargaining power of buyers is low to medium in the global solid phase extraction industry market. The market has a limited number of buyers and many manufacturing companies to cater to the need of the buyers. However, the solid phase extraction industry products are highly specialized and play an important role in research activities the buyers of the solid phase extraction industry market are moderately inclined towards quality products manufactured by trusted companies. There are very few substitutes available in the market. Also, most of the buyers are research institutes, and due to the budget constraints, they are highly price sensitive. Moreover, they can exert high pressure on the manufacturers due to the low switching cost and intense rivalry in the market, which is responsible for the increased bargaining power of buyers.
Threat of New Entrants
The threat of new entrants is medium to high in the global solid phase extraction industry market. Any manufacturing company trying to enter the market is required to accept or abide by the mandatory regulatory standards. However, the budget required for research and development of a product is high as compare to other industries. Also, the customers are likely to prefer established brands over new market player due to quality concerns and to maintain standardization, which does not comfort the new entrants to enter the market easily.
Threat of Substitutes
The threat of substitutes in the global solid phase extraction industry market is medium. The products related to sample preparation are specialized and limited options are available in the solid phase extraction industry market to serve the need of the customers which eliminates the threat of substitute. However, many solid phase extraction instruments and devices are present in the market and buyer propensity to substitute is moderate due to the high availability of substitutes in this market. In addition, the low degree of switching cost increases the threat of substitutes. The overall threat of substitutes in the global solid phase extraction industry market is medium.
Rivalry
The rivalry in the global solid phase extraction industry market is medium. The reserved degree of product differentiation among existing players increases the intensity of rivalry in the market. Pharmaceutical companies and devices manufacturing companies are trying to develop less expensive products to make these products more affordable in emerging markets. Players are engaged in developing a process to lower their manufacturing and logistics cost to increase profitability and to overcome the competition. Moreover, they are also developing advanced products for differentiating their brand from their competitors.
Quantitative Analysis
Regional Breakdown
Regional market breakdown for Solid Phase Extraction Market.
Regional Market Size (USD Mn)
Market estimates by geography (2023)
USD Mn
InsightEurope leads with $159.83M by 2023, while Asia Pacific is projected to grow fastest at a 5.1% CAGR.
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View Subscription PlansRegional Market Data
| REGION | 2015 | 2017 | 2023 | CAGR | SHARE |
|---|---|---|---|---|---|
| Middle East and Africa | $19.72M | $22.95M | $27.67M | 4.3% | 6% |
| North America | $113.56M | $131.23M | $156.96M | 4.1% | 33% |
| Asia Pacific | $69.70M | $83.56M | $103.81M | 5.1% | 22% |
| Europe | $113.56M | $132.35M | $159.83M | 4.4% | 34% |
| South America | $23.46M | $24.60M | $26.47M | 1.5% | 6% |
| Total | $340.00M | $394.69M | $474.74M | 4.3% | 100% |
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View Subscription PlansSegment Revenue (2023)
SPE Disk
SPE Cartridge
Others
063125188250
Segment Market Share
- SPE Disk48%
- SPE Cartridge34%
- Others19%
Total Market Size
$474.73M
Market by Segment (2023)
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| SPE Disk | $226.44M | 4.3% | 89% |
| SPE Cartridge | $160.08M | 4.3% | 61% |
| Others | $88.20M | 4.3% | 53% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytics
Solid Phase Extraction Market — Key Findings
Analytical insights on Solid Phase Extraction Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
The Solid Phase Extraction Market market is projected to reach $474.73M by 2023, growing at 4.3% CAGR. The SPE Disk segment holds the largest share.
Market Dynamics
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. There are various drivers leading to the growth of the solid phase extraction industry market such as technological advancements, government investments, and others. Simultaneously other factors restricting the market g7rowth include the high cost of instruments, government regulations, limited demand due to technological insufficiencies, and others. The market has so many opportunities and chances to grow in the future with further advancement in technology and developing economic conditions and also due to the increasing use of SPE in developing countries
Market Drivers
Currently, a wide range of industries such as biotechnology and pharmaceuticals industries, academic hospitals, research laboratories, agriculture industries, and others as of now utilize solid phase extraction to isolate analytes of interest from a wide variety of matrices, including urine, blood, water, and others. Government investments have increased in the last few years for academic and life science industries which are the major source of revenue for solid phase extraction instruments manufacturers, also contributing to the growth of the overall market
Market Opportunities
The increasing use of SPE in biotechnological and pharmaceutical industries and also increasing investments in research and development of these techniques are expected to provide large opportunities to the market to grow in the future. The increasing use of various methods including drug developments, steroid separation, and others are also expected to increase market growth. The increasing application of the SPE technique in various other biotechnological processes is the other factor expected to increase the market for the solid phase extraction industry.
Market Restraints
Chromatography instruments are significantly high in price, which is the major factor in restricting market growth. The high cost of instruments has made the technique less available in developing markets, thus, restricting the use of SPE in potential segments. Developing countries which are considered to be the major growth regions, due to the high cost also consider other cheap options than an automated instrument and are shifting towards normal conventional cheap techniques.
Strategic Outlook and Future Directions
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Market Value by Segment (2023)
Value (USD Mn)
SPE Disk
SPE Cartridge
Others
Companies
Key companies profiled in Solid Phase Extraction Market
Profiles of 111 companies operating in the Solid Phase Extraction Market market, including revenue, employee count, and market positioning where available.
Showing 111 of 111 companies
Merck KGaA
Merck KGaA
Healthcare
Company Headquarters: Darmstadt, Germany Founded: 1668 Workforce: ~60,348 Company Working: Merck KGaA (Merck) is a pharmaceutical company that offers a varied range of products subgrouped into three segments—healthcare, life sciences, and performance materials. The company delivers innovative health solutions and is dedicated to providing breakthrough solutions and technologies. The company research drugs in the areas of oncology and neurodegenerative as well as autoimmune and inflammatory diseases. It also markets cardiovascular, fertility, endocrinology, and over-the-counter products as well as products for industries such as pharmaceuticals, food, cosmetics, packaging, and coatings. It has expanded its global footprint through several mergers and acquisitions, such as the acquisition of Millipore and Sigma-Aldrich. The company is distributing its products in the following countries: China, India, Japan, Australia, Israel, United Arab Emirates, South Korea, Denmark, Italy, Netherlands, Spain, United Kingdom, Switzerland, Sweden, Argentina, Brazil, Canada, US, New Zealand among others.
Revenue$21.5B
Employees60,348
Market CapN/A
Founded1667
Darmstadt, Germany
Tecan Trad
Tecan Trading AG
Healthcare
Company Headquarters: Männedorf, Switzerland Founded: 1980 Workforce: 1,932 Company Working: Tecan Trading AG (Tecan Trading) is a leading provider of automated laboratory instruments and solutions. The company operates through two business segments, namely, the life science segment and the partnering segment. Tecan Trading has hundreds of patents that strengthen its competitive position for a variety of products and applications. The company’s products and services help researchers and healthcare professionals to work on drug discovery, translational research, and clinical diagnostics to develop new technologies and drugs. The company produces automated workflow solutions that empower laboratories. The company has a wholesale distribution of medical instruments apparatus and surgical equipment.
Revenue$0.5B
Employees1,932
Market CapN/A
Founded1979
Männedorf, Switzerland
Waters Cor
Waters Corporation
Healthcare
Company Headquarters: Milford, Massachusetts, US Founded: 1958 Workforce: 7000 Company Working: Waters Corporation is an analytical company that provides analytical workflow solutions involving liquid chromatography, mass spectroscopy, and thermal analysis innovation. It designs, manufactures, and sells high-performance liquid chromatography (HPLC), ultra-performance liquid chromatography (UPLC), and mass spectrometry (MS) technology systems.
Revenue$2.0B
Employees7,000
Market CapN/A
Founded1957
Milford, Massachusetts, US
Biotage AB
Biotage AB
Healthcare
Company Headquarters: Sweden Founded: 1997 Workforce: The company has employed more than 500 employees. Company Working: Biotage is a leading global provider of innovative solutions and technologies for analytical and medicinal chemistry. With a focus on purification, separation, and synthesis, Biotage offers a wide range of products and services to support the research and development efforts of scientists in various industries. Their portfolio includes chromatography systems, purification systems, solid-phase extraction tools, and peptide synthesizers, among others. Biotage's cutting-edge technologies enable scientists to accelerate their discovery processes, improve efficiency, and achieve higher productivity. With a commitment to sustainability, Biotage also strives to minimize the environmental impact of their operations and products. Through continuous innovation and customer-centric approach, Biotage continues to be a trusted partner for scientists worldwide
RevenueN/A
Employees500
Market CapN/A
Founded1996
Sweden
GL Science
GL Sciences Inc.
Healthcare
Company Headquarters: Tokyo, Japan Founded: 1968 Workforce: 880 Company Working: GL Sciences Inc. provides sample preparation, HPLC, GC, and other products in Japan and internationally. GL Sciences Inc. provides sample preparation products such as solid phase extractions, protein precipitations, inorganic acids, and many others. In addition, it also provides other products such as capillary electrophoresis, gas generators, and optical cells.
RevenueN/A
Employees880
Market CapN/A
Founded1967
Tokyo, Japan
Agilent Te
Agilent Technologies Inc
Healthcare
Company Headquarters: California, US Founded: 1996 Workforce: 16,300+ Company Working: Agilent Technologies, Inc. (Agilent) is one of the leaders in life sciences, diagnostics, and applied chemical markets. The company provides services to laboratories all around the world with its instruments, services, consumables, applications, and expertise. The company with its three brands, CrossLab combines, Dako Agilent Pathology Solutions, and Agilent OpenLAB Software Suite is innovating and providing special services to laboratories with high technology.
Revenue$4.2B
Employees16,300
Market CapN/A
Founded1995
California, US
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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Solid Phase Extraction Market
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