Heliox Market Size, Share, Growth, and Industry Growth by Type (79/21(Helium/Oxygen), 70/30(Helium/Oxygen), and Others), By Application (Medical Uses and Diving Uses), and Regional Forecast By 2031

Updated On: 29 April 2024

Heliox Market Report Overview

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The global heliox market size was USD 32 million in 2022, as per our research, the market is expected to generate USD 49.77 million by 2031, a robust CAGR of 5.0% during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with the heliox market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Heliox is a breathing gas mixture that is used in certain medical and diving applications. It is composed of a mixture of helium and oxygen gases, with a higher percentage of helium than normal air. The composition of heliox can vary depending on the specific application and intended use. In medical applications, heliox is used to treat respiratory distress in patients with obstructive airway diseases such as asthma, chronic obstructive pulmonary disease (COPD), and respiratory distress syndrome.

The lower density of heliox compared to normal air reduces the effort required for breathing, which can help to improve oxygenation and decrease respiratory distress. In diving applications, heliox is used as a breathing gas for deep diving operations, as it has a lower density and viscosity than normal air. This can reduce the risk of decompression sickness and allow for longer dive times at greater depths.

COVID-19 Impact: Need for Respiratory Support Boosted Market Demand.

COVID-19 had a life changing impact globally. The global heliox market share was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for heliox experienced an increased demand.

Additionally, the pandemic disrupted global supply chains, including the production and distribution of medical gases such as heliox. This further impacted the availability and distribution of heliox, particularly in regions with high demand for respiratory support. However, efforts were made by manufacturers and suppliers to increase production and distribution of heliox to meet the increased demand.

During the pandemic, there was an increased demand for respiratory support for COVID-19 patients, including the use of mechanical ventilators. Heliox was identified as a potential treatment option for COVID-19 patients with respiratory distress, as it can reduce the work of breathing and improve oxygenation. As a result, there was a surge in demand for heliox in some regions, leading to shortages and price increases. However, as the pandemic subsided the global heliox market share is anticipated to grow.

LATEST TRENDS

"Neonatal Respiratory Support to Benefit Market Prospects"

Heliox is also used in neonatal respiratory support, particularly in premature infants with respiratory distress syndrome. Recent studies have explored the use of heliox in non-invasive ventilation methods such as nasal continuous positive airway pressure (CPAP), which can improve outcomes in preterm infants.

Heliox is still widely used in deep diving applications, particularly in technical diving and commercial diving operations. Recent developments have focused on the use of different gas mixtures to improve decompression profiles and reduce the risk of decompression sickness. These latest developments are anticipated to boost the global heliox market share.

Heliox Market Segmentation

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• By Type

Based on type, the market is divided into 79/21(Helium/Oxygen), 70/30(Helium/Oxygen), and others.

• By Application

Based on application, the market is bifurcated into medical uses and diving uses.

DRIVING FACTORS

"Consistent R&D to Boost Market Share "

There is ongoing research and development in the use and application of heliox, particularly in medical and respiratory therapy. This includes exploring the use of heliox in different respiratory support methods and the development of more efficient production methods. The availability of alternatives to heliox, such as other medical gases or different diving gas mixtures, can also impact the demand for heliox in certain applications.

"Critical Applications to Boost Market Size"

In diving applications, heliox is often used as a component of different gas mixtures, such as trimix and heliair, to improve decompression profiles and reduce the risk of decompression sickness. Heliox is widely used in deep diving applications, as it has a lower density and viscosity than normal air. This can reduce the risk of decompression sickness and allow for longer dive times at greater depths. Heliox is also commonly used in neonatal respiratory support, particularly in premature infants with respiratory distress syndrome. These factors are anticipated to boost the global heliox market share.

RESTRAINING FACTORS

"High Costs to Hamper Market Share"

Heliox is more expensive than normal air or other medical gases, which can be a significant factor in its use and availability, particularly in regions with limited resources. Heliox may not be readily available in all regions or healthcare settings, which can limit its use and availability for medical applications. The use of heliox in diving applications, particularly in deep diving operations, carries inherent risks such as oxygen toxicity and nitrogen narcosis. These factors are anticipated to hamper the global heliox market share.

Heliox Market Regional Insights

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"North America Dominates the Heliox Market"

North America is the major shareholder for the global heliox market share. In North America, there is a high prevalence of respiratory diseases such as COPD, asthma, and cystic fibrosis, which are commonly treated with heliox. In addition, the use of heliox in neonatal respiratory support is also widespread in North America. This demand is likely to drive the production and distribution of heliox in the region. Europe is the second major shareholder for the global heliox market share.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Air Liquide [France]
• Linde Plc [Ireland]
• Global Gases Group [U.A.E.]
• Nippon Gases Euro-Holding [Spain]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.