The U.S. current-account deficit increased and reached US$ 234.8 billion in Q4 2021. However, the Canadian Dollar exchange (CAD) increased by 29.9% in Q1 22 to reach US$ 294.4 billion, widening the imbalance by US$ 68.6 billion. In the first quarter of 2022, exports of goods and services rose by US$ 27.7 billion, totaling US$ 1.07 trillion. However, the nation’s goods and services deficit decreased to US$ 79.9 billion in June from US$ 87.9 billion in May, which was corrected, a US$ 5.7 billion decrease that indicated some relief. On the other hand, the annual inflation rate in the country hit 8.7%.

Global Laboratory Filtration Market to reach USD 5.24 billion by 2027.Global Laboratory Filtration Market is valued approximately USD 3.34 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.80 % over the forecast period 2021-2027.

Laboratory filtration is a mechanical or physical operational process, in which one substance is separated from other. It is usually used to separate liquids from solids. The Laboratory Filtration Market is driven by factors like rising research and development investments in pharmaceuticals and biotechnology industries.

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According to India Brand Equity Foundation (IBEF), the government of India concentrate on increasing the healthcare expenditure to 3% of Gross Domestic Product by 2022. In addition, growing demand for membrane filtration technology and rising usage of filtration in clinical laboratories will also aid in propelling the market growth. For instance, Sartorius Stedim Biotech and Novasep, joint their forces together in March 2019, in order to develop novel systems for membrane chromatography. However, high costs of system impede the growth of the market over the forecast period of 2021-2027. Also, with the advancements in nanofiber technology, the demand for Laboratory Filtration is likely to increase the market growth during the forecast period.

The regional analysis of global Laboratory Filtration market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is a significant region across the world in terms of market share owing to the presence of established healthcare industry. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as growing pharmaceutical industry would create lucrative growth prospects for the Laboratory Filtration market across Asia-Pacific region.

Major market player included in this report are: Merck Millipore Danaher Corporation Sartorius AG 3M Company GEA GROUP AKTIENGESELLSCHAFT STERIS Thermo Fisher Scientific Veolia Water Technologies Avantor, Inc GVS S.p.A

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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The detailed segments and sub-segment of the market are explained below: By Product: Filtration Media Filtration Assemblies Filtration Accessories By Technique: Microfiltration Ultrafiltration Reverse Osmosis Vacuum Filtration Nanofiltration By End-Users: Pharmaceutical & Biotechnology Companies Food & Beverage Industry Hospitals & Diagnostic Laboratories Academic & Research Institutions

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