Specialty Gases For Healthcare Market Scope
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.
According to AMA, the Global Specialty Gases For Healthcare market is expected to see growth rate of 6.43% and may see market size of USD3031.29 Million by 2026.
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. Research Analyst at AMA estimates that United States, European and Asian Players will contribute to the maximum growth of Global Specialty Gases For Healthcare market throughout the predicted period.
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 are Taiyo Nippon Sanso (Japan) and Arthur Welsco (India).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Specialty Gases For Healthcare market , by Application (Analytical and Laboratory, Sterilization and Others) and Region with country level break-up.
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).
In May 2018, Air Liquid had announced new hub in Cambridge as well as new launch of specialty gases online catalog. The key benefits of a new hub for the company are good access to the city from our depot, expert support in laboratory & industrial gas applications, fast daily delivery from stock and many others. The new hub and new launch of the catalog of the company can help to earn more revenue in the operating market.
- An Increasing Utilization of Atmospheric Gases for Producing Specialty Gases
- Expanding Production Facilities for Specialty Gases by Established Players
- Increasing Geriatric Population across the Globe
- Rising Technological Advancement for Improving Purity of Specialty Gases
- Thriving Medical Tourism Industry Particularly in Asian Countries
- Strict Government Regulation due to Hazardous Waste associated with Production of Specialty Gases
- High Dependency on Gas Handling Systems and Gas Distribution Systems
Key Target AudienceSpecialty Gases Providers, Private Research Organizations, Investors, Government Agencies, Distributors and Suppliers, NGOs and Others