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Europe Pharmaceutical Filtration Market is predicted to USD 5.90 Bn by 2021

The Europe Pharmaceutical Filtration Market was worth USD 3.89 billion in 2016 and estimated to be growing at a CAGR of 8.7%, to reach USD 5.90 billion by 2021. The market is expected to expand at a fast rate during the forecast period.  Filtration is a process that helps separate suspended particles from a medium by passing them through a membrane. It is a physical separation technique used in various industries. A multi-layer lattice is generally used and used for various processes like air and water filtration.

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Factors such as technological advancements, presence of large number of prominent players, and rise in manufacture of generic drugs and biopharmaceutical products are augmenting the pharmaceutical filtration market Europe. Increasing demand for therapeutic biopharmaceuticals such as antibodies, hormones, and vaccines is a major factor that drives growth of the pharmaceutical filtration market during forecast period. However, large capital requirement, and strict validation and rules are expected to hamper the growth of the market.

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Some of the major companies dominating the market are Merck KGaA, Pall Corporation, GE Healthcare, 3M Company, Parker Hannifin Corporation, Sartorius Stedim Biotech S.A., Eaton Corporation PLC, Graver Technologies, LLC, Amazon Filters Ltd. and Meissner Filtration Products, Inc.

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Europe Pharmaceutical Filtration Market is predicted to USD 5.90 Bn by 2021


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