About Specialty Gases For Healthcare
Specialty gases are the gases that are highly pure up to 99.99% and very rare. The unique benefits of the specialty gases include optimize performance, help to improve yields, lower costs and others. The key applications of the specialty gases in the healthcare sector are analytical, laboratory application, sterilization, and others. Expanding production facilities for specialty gases by established players, increasing geriatric population across the globe and increasing utilization of atmospheric gases for producing specialty gases are the major key driver for the market. Additionally, rising technological advancement for improving the purity of specialty gases have been supplementing the growth of the market. However, strict government regulation due to hazardous waste associated with the production of specialty gases and high dependency on gas handling systems and gas distribution systems are the factors that have been limiting the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.43% |
In the last couple of decades, the global specialty gases market was highly concentrated to very few players including Air Liquide, Air Products and Chemicals, The Linde Group and few others. Thus the market was showing strategic monopoly in a moderately competitive environment. However, with respect to minimal initial investments in specialty gas producing has favored a number of new entrants to gain market share from the local market. The global leaders business might be affected due to new entrants. Moreover, global leaders will continuously adopt strategic partnerships and technological developments to gain a competitive edge in a moderately competitive environmentThe Players having a strong hold in the market are Air Liquide, Air Products and Chemicals, The Linde Group, Messer Group, Praxair Technology. Analyst at AMA Research estimates that United States, European and Asian Players will contribute the maximum growth to Global Specialty Gases For Healthcare market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Air Liquide (France), Air Products and Chemicals (United States), The Linde Group (Germany), Messer Group (Germany), Praxair Technology (United States), Advanced Gas Technologies Inc. (Canada), Advanced Specialty Gases (United States), Maine Oxy (Canada) and Showa Denko (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Taiyo Nippon Sanso (Japan) and Arthur Welsco (India).
Segmentation Overview
AMA Research has segmented the market of Global Specialty Gases For Healthcare market by , Application (Analytical and Laboratory, Sterilization and Others) and Region.
On the basis of geography, the market of Specialty Gases For Healthcare has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Gas Type, the sub-segment i.e. Atmospheric Gases will boost the Specialty Gases For Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Purity Type , the sub-segment i.e. 99.99% will boost the Specialty Gases For Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type , the sub-segment i.e. Compressed Gas Cylinder will boost the Specialty Gases For Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
An Increasing Utilization of Atmospheric Gases for Producing Specialty Gases
Market Growth Drivers:
Expanding Production Facilities for Specialty Gases by Established Players and Increasing Geriatric Population across the Globe
Challenges:
High Dependency on Gas Handling Systems and Gas Distribution Systems
Restraints:
Strict Government Regulation due to Hazardous Waste associated with Production of Specialty Gases
Opportunities:
Rising Technological Advancement for Improving Purity of Specialty Gases and Thriving Medical Tourism Industry Particularly in Asian Countries
Market Leaders and their expansionary development strategies
In MARCH 2021, Coregas, the largest Australian-owned gases company, has signed a Memorandum of Understanding (MOU) with Xebec Adsorption Inc., a global provider of clean energy solutions, to collaborate on the deployment of hydrogen technologies for the burgeoning hydrogen economy across Australia and New Zealand.
In September 2023, Industrial gases specialist Westfalen Group (Westfalen) has launched a new filling plant in Arzal on the Atlantic coast of Brittany.The new plant expands the companys presence in France already the largest foreign market for Westfalen. The new investment will see the company securing an additional capacity of more than 130,000 cylinders per year.
Key Target Audience
Specialty Gases Providers, Private Research Organizations, Investors, Government Agencies, Distributors and Suppliers, NGOs and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.