Heliox Market: Current Analysis and Forecast (2022-2028)
Emphasis on Type (70/30 (Helium/Oxygen Mixture), 60/40 (Helium/Oxygen Mixture), 79/21 (Helium/Oxygen Mixture), and 90/10 (Helium/Oxygen Mixture)); Application (Medical Uses And Diving Uses); and Region/Country
Global Heliox Market is expected to grow at a significant rate of around 3% during the forecast period. Heliox is a mixture of helium and oxygen used in medical treatment for patients with breathing difficulties. It is used in place of air or pure oxygen in a process called heliox therapy, which helps to reduce air resistance in the airways and improve breathing. Additionally, it is widely used in medical treatment for respiratory conditions, such as severe asthma, where the lower density of helium improves breathing. It is also used in diving, as a substitute for nitrogen in deep sea diving to reduce the risk of nitrogen narcosis. The low density of helium allows for a reduction in airway resistance, making it easier to breathe, while the addition of oxygen helps to maintain adequate oxygen levels in the body. Also, helium has a lower density and higher thermal conductivity compared to air, which results in less work of breathing, improved ventilation, and reduced heat loss in the body. Heliox has a lower density than air, making it easier for patients to breathe, and also has a high oxygen content, which is essential for adequate oxygenation.
Air Liquide, Air Products and Chemicals, Inc., Messer Group, SOL-SpA, TAIYO NIPPON SANSO, AXCEL, JINHONG GAS, APTOH, FTG Atmosfera LLC, and BOC Healthcare are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, 60/40 (Helium/Oxygen Mixture) category to witness higher CAGR during the forecast period.”
Based on the type, the market is segmented into 70/30 (Helium/Oxygen Mixture), 60/40 (Helium/Oxygen Mixture), 79/21 (Helium/Oxygen Mixture), and 90/10 (Helium/Oxygen Mixture). The 60/40 (Helium/Oxygen Mixture) segment is expected to witness significant market growth during the forecast period owing to its increasing use in breathing gas mixture for the deep sea diving application. A 60/40 mix of helium and oxygen refers to a breathing gas composition with 60% helium and 40% oxygen. This mixture is often used for diving and other applications where a high oxygen concentration is needed, but nitrogen, which makes up the majority of air, needs to be reduced or eliminated due to its tendency to cause narcosis and other physiological effects at depth.
“Amongst application, the medical uses to hold a significant share in the market in 2020.”
On the basis of application, the market is categorized into medical uses, and diving uses. Among these, medical uses hold a significant share of the market in 2020. Heliox is used in the healthcare industry as a respiratory gas mixture, primarily for treating severe airway obstruction in patients with conditions such as asthma and chronic obstructive pulmonary disease (COPD). Heliox has a lower density than air, and its use can improve the flow of air through the airways and improve oxygen delivery to the lungs. Additionally, heliox can be used in emergency situations to support breathing in patients with severe respiratory distress.
“North America to hold a significant share in the market”
In 2020, North America held a significant share of the global heliox market. This is mainly attributed to the increasing demand from the healthcare industries for the treatment of several respiratory conditions such as asthma, bronchiolitis, and chronic obstructive pulmonary disease (COPD). Also, the technological advancement in the medical industry and increasing research & development activities in the continent are expected to support market growth in the coming time. Additionally, the increasing use of the heliox mixture in diving applications such as deep-sea diving to prevent nitrogen narcosis and increase the driver’s ability for the cognitive process. Also, the increasing healthcare expenditure along with the government support for technological advancement will propel the growth of the heliox market in the coming time.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global heliox market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
1. Market Introduction
- Market Definitions
- Main Objective
- Stakeholders
- Limitation
2. Research Methodology Or Assumption
- Research Process of the Heliox Market
- Research Methodology of the Heliox Market
- Respondent Profile
3. Market Synopsis
- Market Synopsis
4. Executive Summary
- Executive Summary
5. Impact Of Covid-19 On The Heliox Market
- Impact Of Covid-19 On The Heliox Market
6. Heliox Market Revenue (usd Bn), 2020-2028f
- Heliox Market Revenue (usd Bn), 2020-2028f
7. Market Insights By Type
- 70/30 (Helium/Oxygen Mixture)
- 60/40 (Helium/Oxygen Mixture)
- 79/21 (Helium/Oxygen Mixture)
- 90/10 (Helium/Oxygen Mixture)
8. Market Insights By Application
- Diving Uses
- Medical Uses
9. Market Insights By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Rest of World
- North America
10. Heliox Market Dynamics
- Market Drivers
- Market Challenges
- Impact Analysis
11. Heliox Market Opportunities
- Heliox Market Opportunities
12. Heliox Market Trends
- Heliox Market Trends
13. Demand And Supply-side Analysis
- Demand Side Analysis
- Supply Side Analysis
14. Value Chain Analysis
- Value Chain Analysis
15. Pricing Analysis
- Pricing Analysis
16. Strategic Insights
- Strategic Insights
17. Competitive Scenario
- Competitive Landscape
- Porters Fiver Forces Analysis
- Competitive Landscape
18. Company Profiled
- Air Liquide
- Air Products and Chemicals, Inc.
- Messer Group
- SOL-SpA
- TAIYO NIPPON SANSO
- AXCEL
- JINHONG GAS
- BOC Healthcare
19. Disclaimer
- Disclaimer
Research Methodology for the Heliox Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global heliox market were the three major steps undertaken to create and analyze the adoption of heliox in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global heliox market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the heliox market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the heliox market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the heliox market. Further, we conducted factor analysis using dependent and independent variables such as various type and applications of heliox. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the heliox market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global heliox market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the heliox market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global heliox market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global heliox market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and application in the global heliox market.
The main objective of the Global Heliox Market Study
The current & future market trends of the global heliox market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the heliox market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type and application.
- Define and analysis of the regulatory framework for the heliox
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the heliox market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the heliox market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
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