![]() ![]() The pharmaceutical industry relies on industrial gases in various stages of drug development and manufacturing.In recent years, there has been increasing interest in the use of industrial gases in the healthcare industry for medical applications such as cryotherapy, which involves the use of extreme cold temperatures to treat various medical conditions. ![]() Growing Demand from Healthcare and Pharmaceuticals is Driving the Market Growth All these factors are expected to increase the demand for global industrial gases worldwide in the forecasted period. The major players in the global industrial gases market, like Air Liquide, Linde plc, Air Products and Chemicals, Inc., and Messer Group GmbH, are investing heavily in research and development activities to develop new applications for industrial gases and expanding their product portfolio to meet the growing demand from various end-use industries. The healthcare and pharmaceuticals industry and the industrial gases market are two distinct industries with their own unique characteristics and market dynamics. These gases are used for a wide range of applications, such as welding and cutting, food processing, medical treatment, and refrigeration. The global industrial gases market is a rapidly growing industry that provides a variety of gases, including oxygen, nitrogen, hydrogen, argon, and carbon dioxide, for use in various industries such as healthcare, manufacturing, energy, and chemicals. The WHO has called for increased investment in oxygen supply systems to ensure that hospitals have sufficient oxygen supplies to meet future demands. New York, J(GLOBE NEWSWIRE) - announces the release of the report "Industrial Gases Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" - Īccording to a report by the World Health Organization (WHO), an estimated 80% of COVID-19 patients require oxygen therapy, and some countries have reported shortages of oxygen in their hospitals during the pandemic. Due to increasing demand for industrial gases in emerging economies, growing healthcare and food processing industries, and rising investments in the development of new applications for industrial gases.
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