Healthcare expenditures include all costs for private and public health services, supplies, and investment in research, structures, and support. Most major industrialized nations spend 8–10 percent of GDP on healthcare, according to the Organization for Economic Co-operation and Development (OECD). The recent global financial crisis touched all economic sectors, including the relatively recession- resistant worldwide healthcare business.
However, the main drivers for healthcare market growth—demographic shifts, improved diagnostic and therapy options, and better patient access to care—remain solid, and CryoGas’s assessment for improvement in the healthcare segment for 2010 and early 2011 is brighter than in 2008 and 2009.
In last year’s “The Worldwide Industrial Gas Healthcare Market Report,” (CGI, December 2010), we examined trends driving growth in the industrial gas (IG) industry’s piece of the healthcare pie. In this report, we update readers on those trends.
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