Global Specialty Gases Market for Healthcare Industry 2017-2021

Overview of the global specialty gases market for the healthcare industry

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-

• Identify latent opportunities and explorative solutions in the specialty gases market for healthcare industry
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

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Competitive analysis and key vendors

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:

• Air Liquide
• Air Products and Chemicals
• The Linde Group
• Messer Group
• Praxair Technology

Other prominent vendors include Advanced Gas Technologies, Advanced Specialty Gases, Maine Oxy, Norco, Showa Denko, TAIYO NIPPON SANSO, and Welsco.

Segmentation by type and analysis of the specialty gases market for the healthcare industry

• Atmospheric gases
• Noble gases
• Carbon-based gases
• Halogen-based gases

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.

Segmentation by application and analysis of the specialty gases market for the healthcare industry

• Analytical and laboratory
• Sterilization

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global specialty gases market for the healthcare industry?
• What are the key market trends impacting the growth of the global specialty gases market for the healthcare industry?
• What are the challenges to market growth?
• Who are the key vendors in the global specialty gases market for the healthcare industry?
• What are the market opportunities and threats faced by the vendors in the global specialty gases market for the healthcare industry?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global specialty gases market for the healthcare industry?

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.