The global rare gas market is anticipated to grow at a CAGR of 5.2% during the forecast period. The demand for noble/rare gas has increased in the healthcare sector due to increased hospitalizations. Rare gases such as helium, neon, argon, and xenon are gaining immense popularity in healthcare applications. The rapid adoption of technologically advanced digital devices and instruments such as NMR and MRI machines are spurring demand for rare gases such as helium gas. Noble gases are used as a vector for drugs administered by inhalation. These gases are non-reactive with other elements and non-toxic to humans which makes them ideal for use in health care applications.
Browse the full report description of “Rare Gas Market Size, Share, and Trends Analysis Report, By Gas Type (Argon, Krypton, Neon, Xenon, and Helium), By Supply Mode (Cylinders, Bulk & Micro Bulk, Drum Tanks, and On-Site), By Application (Healthcare, Manufacturing, Electronics, Laser, Lighting, and Others), Forecast Period 2022-2028” at https://www.omrglobal.com/industry-reports/rare-gas-market
The growth of the healthcare sector is mounting on account of increasing life expectancy, rising population, and expanding urban wealth. The rising prevalence of cardiovascular diseases (CVDs) globally is another prominent aspect that may surge the consumption of rare gases in healthcare applications. For instance, noble gas atoms such as helium (He), neon (Ne), argon (Ar), krypton (Kr), and xenon (Xe) display strong cytoprotective effects and therefore, act as the exogenous pharmacologic preventive and therapeutic agents for CCVDs.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Gas Type
o By Supply Mode
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- Praxair Inc., Airgas Inc., The Linde Group, Air Liquide S.A, Air Products and Chemicals Inc., Messer Group, Iceblick Ltd., Iwatani Corp., and others.
• Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected regions and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Rare Gas Market Report by Segment
Global Rare Gas Market by Gas Type
Global Rare Gas Market by Supply Mode
Global Rare Gas Market by Application
Global Rare Gas Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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