Heliox Market - Industry Size, Share, Growth & Forecast 2028

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.

The Heliox Market is expected to grow at a steady rate of around 3% during the forecast period (2022-2028) owing to the increasing utilization of heliox in the healthcare industries along with increasing demand in the sea and sub-sea applications. Major companies in the market are focusing to provide heliox with technologically advanced features along with new product launches, collaboration, and mergers & acquisitions. For instance, in October 2022, Jinhong Gas imported several liquid helium storage tanks to facilitate the transport of the helium for ultra-high-pure helium, compressed helium, and medical helium in the region.

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According to UnivDatos Market Insights (UMI)’ research report “Global Heliox Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the growing adoption in the healthcare industry for the treatment of the respiratory conditions, such as severe asthma.

Based on 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. A 60/40 Helium/Oxygen mixture refers to a blend of 60% helium and 40% oxygen, which is commonly used for diving. This mixture reduces the effects of nitrogen narcosis, which can impair a diver's judgment and cognitive abilities at depth, compared to air.

Based on the 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 witness extensive growth

For a better understanding of the market adoption of the Heliox industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America led the market in 2021 with highest market share. This is mainly due to the increasing prevalence of off-road recreational activities backed by growing disposable income and surging per capita spending of individuals in the emerging economies of the region is driving the growth of the market. Moreover, wide expansion of applications along with growth in the military & defense industry and agriculture sector is further expected to support the market growth. In addition, the constant development of remote & hilly areas along with growth in recreational activities further accelerates the ATV market growth in the region. Also, major players in the market continue to invest in organizing various championships for Powersports enthusiasts. For instance, The Yamaha Australian Off-Road Championship is Australia’s premier off-road racing competition. It is also primarily held over fourteen rounds throughout the year and runs in conjunction with other state off-road championships across Australia.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the heliox market are Air Liquide, Air Products and Chemicals, Inc., Messer Group, SOL-SpA, TAIYO NIPPON SANSO, AXCEL, JINHONG GAS, APTOH, FTG Atmosfera LLC, and BOC Healthcare.

“Global Heliox Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.

Market Segmentation:

1. By Type (70/30 (Helium/Oxygen Mixture), 60/40 (Helium/Oxygen Mixture), 79/21 (Helium/Oxygen Mixture), and 90/10 (Helium/Oxygen Mixture))

2. By Application (Medical Uses and Diving Uses)

3. By Region (North America, Europe, Asia-Pacific, Rest of the World)

4. By Company (Air Liquide, Air Products and Chemicals, Inc., Messer Group, SOL-SpA, TAIYO NIPPON SANSO, AXCEL, JINHONG GAS, APTOH, FTG Atmosfera LLC, and BOC Healtcare)

Key questions answered in the study:

1. What are the current and future trends of the global heliox industry?

2. How the industry has been evolving in terms of type and application?

3. How the competition has been shaping across the countries followed by their comparative factorial indexing?

4. What are the key growth drivers and challenges for the global heliox industry?

5. What is the customer orientation, purchase behavior, and expectations from the global heliox suppliers across various region and countries?