Friday, August 26, 2022 11:51:44 AM
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The global helium gas market is projected to reach a valuation of US$ 2.8 Bn in 2022. With demand growing at a 5.1% CAGR, the market size will reach US$ 4.6 Bn by 2032.
Helium is extensively used in the healthcare sector for various applications in recent days. Helium gas has physical and chemical characteristics such as high thermal conductivity, low solubility, and low density, which makes it an ideal element for many applications in the healthcare sector.
Along with this, helium gas is biologically inert and its neuroprotective capabilities make it effective for adjunct therapy in many respiratory diseases such as asthma exacerbation, ARDS, COPD, bronchiolitis, and croup.
It is used to cool the coil of wire and to drop the resistance of wire close to zero in Magnetic Resonant Imaging (MRI) machines. There are many coils of wire which conduct electricity and generate a strong magnetic field in MRI machines.
Helium Ion Microscopy is a recently discovered application in pulmonary MRI radiology and imaging of organs, which is expected to create opportunities for growth for helium gas manufacturers."
More discussion of industrial applications of Helium at link
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