Enjoy complimentary customisation on priority with our Enterprise License!
Technavio's market research report predicts that the global specialty gases market for the healthcare industry will grow at a CAGR of above 7% during the forecast period. The growth in the global aging population is one of the primary drivers for market growth. It has been observed that in 2015, the population of individuals aged above 60 years was valued at 901 million and is expected to reach more than 984 million by 2020. The rising concentration of the medical sector in this age group and the population growth in countries of APAC that offers opportunities to create improved healthcare facilities will be major drivers for the market's growth. Moreover, health programs to raise the awareness about the diseases and personal hygiene and the increasing disposable income of the middle- and upper-class consumers, will also propel the market's growth prospects.
The Americas dominated the specialty gases market for the healthcare industry during 2016 and is anticipated to dominate the market during the forecasted period as well. The increased healthcare expenditure and the utilization of improved medical technologies will be the major driving the growth of the market in the region. Additionally, the requirement for high-purity gases in the analytical applications such as gas chromatography and medical, pharmaceutical, and biotechnological applications will also contribute to the market's growth.
What's your takeaway?
Technavio's industry research report titled, Global Specialty Gases Market for Healthcare Industry, will help you-
Next step: Download FREE sample report | Talk to us
The specialty gases market for the healthcare industry consists of numerous market players and is dominated by key vendors. The vendors compete on the basis of price, innovation, quality and performance, and customer-centrism. Several vendors in the market offer customized manufacturing services that enable consumers to choose from a variety of purity concentrations that are application specific. The rising industrialization in the developing regions has boosted the entry and growth of the domestic vendors.
Key vendors in the market are:
Other prominent vendors include Advanced Gas Technologies, Advanced Specialty Gases, Maine Oxy, Norco, Showa Denko, TAIYO NIPPON SANSO, and Welsco.
During 2016, the atmospheric gases segment dominated the specialty gases market for the healthcare industry and is expected to continue its dominance over the next four years. The increased utilization of atmospheric gases in several industries including aerospace, automotive, chemicals, food and beverage, and energy will be a major factor driving the segment's growth in this global market.
As per this market research report, the analytical and laboratory segment accounted for the majority of the market shares of the specialty gases market for the healthcare industry during 2016. The market is foreseen to continue the domination during the forecast period as well and this mainly attributes to the utilization of high precision high-purity gases, process, and calibration gas mixtures in the areas of research and development and in commercial laboratories.
Technavio also offers customization on reports based on specific client requirement.
Specialty gases are a class of high-purity gases that require precise blending of component gases in a gas mixture. Specialized preparation methods and laboratory analysis are used to quantify the component gases in the mixture of gases. This upcoming industry research report by Technavio is an intrinsic part of the chemicals and materials industry and offers insights into niche sectors like industrial gases, paints, coatings, and pigments, and plastics, polymers, and elastomers. To help clients achieve traction over their peers, Technavio also offers expansive knowledge on the all leading vendors and their products and services in the chemicals and materials industry.
Technavio's team of market research analysts conduct a triangulated research approach of primary and secondary techniques and also carry out an extensive analysis of the demand-supply shifts in different geographical markets. To help clients devise new policies for growth, our upcoming industry research report on the global specialty gases market for healthcare industry for the period of 2017 to 2021 reveals deep insights construed from the data gathered from robust sources of market intelligence, such as manufacturers, channel partners, regulatory bodies, and decision makers.
This upcoming report on the global specialty gases market for healthcare industry also considers the growth of similar markets like helium, which is expected to grow at a CAGR of about 9% by the year 2020. According to our industry research analysts, the increase in the number of patients and subsequent healthcare expenditure will augment the growth of the industrial gases industry in the coming few years.
The upcoming industry research report on the global specialty gases market for healthcare industry showcases the market drivers, emerging market trends, and setbacks faced by the specialty chemicals industry and also presents a complete overview of markets like additives, adhesives, and sealants, glass and ceramics, olefins, and textile, fiber, and composites.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Decision Framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Appendix
Tags: argon gas, welding torch, specialty chemicals, safety products, chemicals and materials industry overview, industrial gases market size,
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.