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Global Specialty Gases Market for Healthcare Industry to Grow at a CAGR of 7% by 2021, Research and Markets Forecasts.

M2 PHARMA-May 18, 2017-Global Specialty Gases Market for Healthcare Industry to Grow at a CAGR of 7% by 2021, Research and Markets Forecasts

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- The global specialty gases market for healthcare industry to grow at a CAGR of 7.46% during the period 2017-2021, according to a report from Dublin-based Research and Markets.

According to the report, one driver in market is booming pharmaceutical and healthcare sectors.

The global healthcare sector is primarily driven by the changing lifestyles, aging population, unhealthy eating habits, and an increase in the occurrence of chronic diseases across the globe.

Specialty gases are crucial in the pharmaceutical industry. Pharmaceutical-grade specialty gases are expected to be highly compliant with the pharmacopeia standards.

High-purity specialty gases are prominent in this sector as the pharmaceutical and healthcare industries are focused on patient safety.

In addition, the current pharmaceutical sector is undergoing a shift in its manufacturing processes.

Continuous processing and freeze drying techniques are expected to take over pharmaceutical manufacturing over the decade.

Lyophilization, inerting, purging, blanketing, reactor cooling, solvent recovery, and reduction of VOCs are some of the applications of specialty gases in the pharmaceutical industry.

Key players in this market include Air Liquide, Air Products and Chemicals, The Linde Group, Messer Group and Praxair Technology.

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Date:May 18, 2017
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