Global Solid Phase Extraction (SPE) Consumables Market Size By Product (SPE Cartridge, SPE Disk), By Application (Environmental Analysis, Pharmacy, Drug Testing, Hospital & Clinical, Academia), By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Solid Phase Extraction (SPE) Consumables Market Size By Product (SPE Cartridge, SPE Disk), By Application (Environmental Analysis, Pharmacy, Drug Testing, Hospital & Clinical, Academia), By Geographic Scope And Forecast
Solid Phase Extraction (SPE) Consumables Market Size And Forecast
Solid Phase Extraction (SPE) Consumables Market size was valued at USD 586.92 Million in 2022 and is projected to grow to USD 851.69 Million by 2030 with a CAGR of 4.80% between 2023-2030.
The increasing use of SPE consumables, demand for high-throughput sample analysis requirements along with LC-MS-MS techniques, and liquid chromatography-mass spectrometry (LC-MS) are some of the major factors that contribute to the growth of the market. The Global Solid Phase Extraction (SPE) Consumables Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Solid Phase Extraction (SPE) Consumables Executive Summary
In any chromatographic analysis, the sample preparation holds immense importance, as the dilute or dirty sample may result in skewed results and loss of time and money. As per a sigma Aldrich, the Sample Preparation is responsible for over 30% of the chromatographic analysis errors. Filtration, Protein Precipitation, Equilibrium dialysis/ ultrafiltration, Liquid Extraction are some of the common Tools/Technology utilized for Sample Prep. Among these techniques, the use of Solid Phase Extraction (SPE) is gaining traction in the chromatographic analysis.
Solid phase extraction (SPE) is a kind of sample preparation technique utilized to isolate species in sample or clean clean-up sample before analysis. The chromatographers use this technique with a goal to remove interfering compounds present in the solution matrix from the analyte, making solution more concentrated and /or also extract analyte in solvent prior to HPLC, GC, IC, or MS analysis. SPE serves as optimum technique for clean-up in several industries. The use of right consumables assures a greater and effective results for the techniques, which has been driving their demand as the SPE usage is expanding to newer fronts with compatibility with automation testing, ranging from single cartridge manual operation to multiple tips to automated workstation as introduced by Tecan SP.
Solid Phase Extraction (SPE) serves as a sample preparation technique utilized by chromatographers for eliminating interfering compounds, concentrating the analyte, and/or extracting the analyte in a preferred solvent before conducting HPLC, GC, IC, or MS analysis. Widely applied across diverse fields, including pharmaceuticals, environmental studies, forensics, and food safety applications, this technique employs a solid phase material, such as a sorbent or resin, which binds either the analyte or impurity through robust yet selective interactions.
Increasing R&D expense by pharmaceutical companies for sample preparation by SPE methods are among the key factors driving the growth of the global solid phase extraction (SPE) consumables market during the forecast period. Solid phase extraction is a type of digital (on/off) chromatography for the extraction, partitioning and/or adsorption into a stationary phase of one or more components from a liquid phase (sample) (sorbent or resin). SPE has been the most excellent method available for efficient and selective sample preparation before analytical chromatography over the last twenty-five years. Costly setup for sample preparation along with shortage of skilled human resource to analyses the solid-phase extraction process may restrict the growth of the global solid phase extraction consumables market. When studying drugs in biological matrices, sample preparation can be complicated, which needs highly trained professionals to work.
Important developments in separation science have been seen in recent years, contributing to the creation of innovative technologies that can solve the difficulties that SPE workflows have historically faced. These ground-breaking products are increasingly encouraging the production of robust, reliable and easy-to-use SPE methods to improve sensitivity, reproducibility and accuracy in bioanalysis.
Global Solid Phase Extraction (SPE) Consumables Market Attractiveness Analysis
The pharmaceutical industry development in North America has a greater degree of flexibility in terms of expansion and innovation in comparison those in Europe and some parts of Asia. However, some of North America’s industries have reached a saturation point, leading to a requirement for acquiring new strategies in order to overcome the shortcomings in the market. However, the demand for solid phase extraction consumables has witnessed an exponential growth in the pharmaceuticals and food beverage industry. This will lead to significant market growth over the forecasted period.
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Global Solid Phase Extraction (SPE) Consumables Market Outlook
Solid phase extraction is a digital (on/off) chromatography for the extraction, partitioning, and adsorption into a stationary phase of one or more components from a liquid phase (sample) (sorbent or resin). SPE has been the most excellent method for efficient and selective sample preparation before analytical chromatography over the last twenty-five years. More recently, SPE consumables have significantly increased in their use, powered by the pharmaceutical industry’s high-throughput sample analysis requirements with techniques such as LC-MS-MS techniques and liquid chromatography-mass spectrometry (LC-MS). The growing success of the method has sparked the influx of many producers into the technology’s commercial side. For instance, integrating the QuEChERS method in SPE allows for testing different pharmaceutical and veterinary drugs in a simple and streamlined sample preparation system.
Increasing R&D expenses by pharmaceutical companies for sample preparation by SPE methods are among the key factors driving the growth of the global solid phase extraction (SPE) consumables market during the forecast period. Automated liquid handling techniques, such as solid phase extraction (SPE), are widely utilized in drug discovery laboratories. In addition, a higher requirement to dispense liquid samples on various substrates and move them to containers of different sizes has contributed to increased drug production and manufacturing adoption. The factors above significantly contribute to the accelerated growth of the global solid phase extraction (SPE) consumables market.
A costly setup for sample preparation and a need for more skilled human resources to analyze the solid-phase extraction process may restrict the growth of the global solid-phase extraction consumables market. When studying drugs in biological matrices, sample preparation can be complicated and requires highly trained professionals. A high level of skill is needed in some of the main sample preparation steps, such as excising tumor tissue or drawing blood and executing it into a tube or plate (by which it is open to the automated sample preparation system). Extracting an essential amount of sample and then preparing laboratory analysis utilizing sample preparation instruments needs exhaustive knowledge of related SPE consumables handling.
The research and development (R&D) funding surge from various organizations catalyzes significant opportunities within the Global Solid Phase Extraction (SPE) Consumables Market. As multiple entities allocate substantial resources to advance scientific exploration and technological innovation, the SPE consumables market benefits from a robust influx of financial support. This heightened investment is instrumental in fostering advancements in solid-phase extraction technologies and methodologies, driving the evolution of SPE consumables.
Several private and government organizations emphasize rising R&D investment in proteomics, forensic, clinical diagnostic, and genomics research. Appropriate sample preparation by solid phase extraction is essential for accurate and significant results. For instance, in March 2018, the German Research Foundation funded over $17 million for four new sequencing centers in Germany.
Global Solid Phase Extraction (SPE) Consumables MarketSegmentation Analysis
The Global Solid Phase Extraction (SPE) Consumables Market is segmented on the basis of Type, Application, and Geography.
Solid Phase Extraction (SPE) Consumables Market, By Type
- SPE Disk
- SPE Cartridge
- Others
Based on Type, the market is segmented into SPE Disk, SPE Cartridge, Others. SPE Cartridge accounted for the largest market share and is projected to grow at the highest CAGR during the forecast period. SPE Disk was the second-largest market in 2022, and it is projected to grow at a significant CAGR. Solid Phase Extraction (SPE) cartridges are the consumables that help to prevent costly reanalysis of bioanalytical samples by preventing voiding, blocking, and channeling during the SPE sample preparation process.
An extraction cartridge is the most widely used consumable in solid-phase extraction SPE. The solid-phase extraction cartridges are available in a variety of stationary phases, each of which can separate analytes according to different chemical properties. When the sample passes through the SPE cartridge, the analyte is adsorbed on the solid surface, and the other components pass through the column with the sample mother liquor, and finally, the appropriate solvent takes off the analyte.
Global Solid Phase Extraction (SPE) Consumables Market, By Application
- Environment Analysis
- Pharmacy (Pharmaceutical Analysis)
- Drug Testing
- Hospital & Clinical
- Academia (Research Lab)
- Others
By Application, the market is segmented into Environment Analysis, Pharmacy (Pharmaceutical Analysis), Drug Testing, Hospital & Clinical, Academia (Research Lab), Others. Environment Analysis accounted for the largest market share in 2022 and is projected to grow at the highest CAGR during the forecast period. Pharmacy (Pharmaceutical Analysis) was the second-largest market in 2022, and is projected to grow at a significant CAGR.
Environmental analysis accounted for the largest market share in 2022 and the environmental application is growing at a higher rate due to the use of chemical compounds for agricultural purposes which can cause the contamination of the environment. These contaminants can stay in the plant and soil or migrate from soil to water. The membrane disk solid-phase extraction has been used to pre-treat a large-volume water samples because their large cross-section areas allow relatively high flow rates.
Global Solid Phase Extraction (SPE) Consumables Market, By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America