Solid Phase Extraction Market size was USD 354.9 million in 2024 and is estimated to reach USD 621.1 million by the end of 2037, expanding at a CAGR of 4.4% during the forecast period, i.e., 2025-2037. In 2025, the industry size of solid phase extractions is assessed at USD 370.5 million.
The rapidly expanding pharmaceutical and biotechnology sectors are offering lucrative opportunities for solid phase extraction solution producers. The need for purity and consistency in drug production and molecular biology and rising regulatory demands for product testing are set to augment the adoption of solid phase extraction technologies. For instance, the global pharmaceutical market was evaluated at USD 1.6 trillion in 2023. Pharma companies headquartered in New Brunswick and New Jersey totaled revenues of around USD 85.0 billion. Johnson & Johnson is the pharmaceutical leader across the world followed by Pfizer, Merck & Co., and AbbVie. North America and Europe followed by Asia Pacific are leading the future of the pharma and biopharma sectors.
Furthermore, the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) reveals that the biopharmaceutical sector is anticipated to witness a rise in R&D sending from USD 179.0 billion in 2020 to USD 213.0 billion by 2026. The Research Nester’s analysis estimates that in 2024, the revenues from biotech drug sales totaled USD 436.0 billion, particularly in North America and Europe. The global sales of biotech drugs were calculated at USD 458.0 billion in 2024. Thus, continuous investments in drug research and development are directly augmenting the demand for solid phase extraction technologies and consumables.
Growth Drivers
Challenges
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Base Year |
2024 |
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Base Year |
2025-2037 |
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CAGR |
4.4% |
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Base Year Market Size (2024) |
USD 354.9 million |
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Base Year Market Size (2037) |
USD 621.1 million |
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Regional Scope |
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Type (SPE Disk, SPE Cartridge, Others)
The SPE cartridge segment in solid phase extraction market is anticipated to hold a dominant share throughout the forecast period. The advancements in analytical technologies and their widespread applications in food safety, clinical, forensic, and environmental are augmenting the sales of solid phase extraction (SPE) cartridges. The efficiency in isolating and purifying analytes from complex mixtures is driving the adoption of advanced SPE cartridges. Innovation strategies are aiding manufacturers to develop improved SPE cartridges and maximize their revenue shares. For instance, in March 2024, Waters Corporation announced the introduction of Oasis WAX/GCB and GCB/WAX for PFAS Analysis Cartridges. These newly designed cartridges effectively and accurately streamline and accelerate sample preparation and analysis of per- and polyfluoroalkyl substances.
Application (Pharmaceutical Industries, Academic & Research Institutes, Environmental, Hospitals & Clinics, Others)
In solid phase extraction market, environmental segment is set to capture revenue share of over 30.7% by 2037. The automated solid phase extraction systems effectively trace pollutants in environmental water, air, and soil. For instance, in October 2024, the European Environment Agency revealed that the transport emission of ammonia surpassed 121% and nitrous oxide by 35%, in 2022, respectively. As per the U.S. Environmental Protection Agency, six commonly found air pollutants referred to as criteria air pollutants are ozone, particulate matter, carbon monoxide lead, sulfur dioxide, and nitrogen dioxide. The strict environmental regulations on emissions are set to augment the use of solid phase extraction systems.
Our in-depth analysis of the global solid phase extraction market includes the following segments:
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Type |
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Application |
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Asia Pacific Market Forecast
Asia Pacific solid phase extraction market is expected to capture revenue share of over 46.8% by 2037. The swiftly expanding pharma and biotech sectors, increasing investments in healthcare innovations, economic changes, and sustainability goals are augmenting the demand for solid phase extraction systems. Supportive government policies are set to boost the sales of advanced solid phase extraction systems in China and India. Technological innovation strategies are further augmenting the market growth in Japan and South Korea.
In China, the rapid urban and industrial activities are directly augmenting the growth in the pharma, food & beverages, chemical, biotechnology, and healthcare sectors, which is subsequently increasing the adoption of solid phase extraction technologies. The sustainability goals and strict regulations on emissions are further driving the solid phase extraction market growth in China. For instance, the Information Technology and Innovation Foundation (ITIF) revealed that China accounted for 44.0% of global chemical production in 2022.
In India, an extensive network of universities and research institutions engaged in pharmaceutical, chemical, and environmental science are fueling the sales of solid phase extraction (SPE) market. The rise in the chemical, pharma, and biotech industries in the country is also generating lucrative opportunities for solid phase extraction system manufacturers. The India Brand Equity Foundation (IBEF) report reveals that the country under the National Biopharma Mission is supporting over 101 projects. The India pharmaceutical industry is set to reach USD 130.0 billion by 2030 owing to the large number of FDA-approved plants in the country after the U.S.
North America Market Statistics
The North America solid phase extraction market is estimated to increase at the fastest CAGR throughout the projected period. The expanding research activities, strict environmental regulations, high investments in drug development, and integration of automated technologies are contributing to the market growth. The rising application of solid phase extraction technologies in food and safety testing is anticipated to create high-earning opportunities for key players in the U.S. and Canada.
In the U.S., strict environmental regulations are expected to augment the overall solid phase extraction market growth. High investments in water, air, and soil monitoring for containments and environmental justice moves are driving the sales of solid phase extraction systems. The Office of Enforcement and Compliance Assurance (OECA) and Regions conducted around 45% of yearly on-site inspections at facilities in communities with potential environmental justice concerns.
Canada’s pharma and biotech industries are expanding at a healthy pace, which is directly fueling the sales of solid phase extraction technologies. Canada is the 8th largest market for pharmaceuticals and holds around 2.2% of the global solid phase extraction market share. The pharmaceutical sales are expanding at a high 6.4% CAGR since 2017 in the country, reveals the Innovation, Science, and Economic Development Canada. Research and development funding and supportive government policies are directly augmenting the solid phase extraction market growth.
Leading players in the solid phase extraction market are employing several organic and inorganic strategies to increase their market reach and revenue shares. Strategic collaborations and partnership tactics are aiding them in introducing innovative solid phase extraction technologies and uplifting their position in the competitive landscape. Technological innovations, mergers & acquisitions, and global expansion strategies are also driving the net revenue shares of the key players. Agilent Technologies, Inc., one of the major manufacturers of solid phase extraction systems revealed that it totaled USD 6.51 billion in revenues in the fiscal year 2024 and offered employment to around 18,000 individuals. The company also estimates that nearly 2,85,000 labs across the world are using its solutions.
Some of the key players include:
Author Credits: Radhika Pawar
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