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Whisper Valve Market Segmentation by Gauge Type (0 to 25 PSIG, 26-200 PSIG, 200 to 300 PSIG, 300 to 500 PSIG, and Others); and by Application (Medical, Food & Beverage, Hot-Air Balloon, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • April 14, 2022: Airgas Inc. is purchasing wind power for its Air Separation Unit (ASU) in Texas. Airgas will evaluate new local renewable energy sources for other ASUs and primary production units.

  • March 28, 2022: Philips to expands its network of clinical partners in Belgium, France, UK, and Israel. The partner sites include Royal Brompton Hospital, Hôpital Erasme, Ziekenhuis Oost-Limburg (ZOL), Genk Medical Center, and Carmel Medical Center.

Global Whisper Valve Market Highlights over 2022 – 2031

The global whisper valve market is estimated to grow at a CAGR of ~11% over the forecast period, i.e., 2022 – 2031. Whisper valve is a safety device used with cryogenic containers, to reduce the problem of loud noise, especially noise over 100 dB. The growth of the market can be attributed to the growing use of cryogenic pumps across various industries, accompanied by the increasing awareness regarding noise pollution. The rising demand for whisper valves in the healthcare sector is estimated to drive the market growth, backed by the growing use of cryogenic valves for preserving organs for donation. Additionally, the escalating requirement for organ donation, owing to the high rate of organ transplants is predicted to be another major growth driver for the market. For instance, in 2019, there were a total of around 153800 organ transplants worldwide. Further, the advancement in technology and availability of enhanced mechanical systems worldwide are anticipated to propel the market growth. 

Whisper Valve Market Graph

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The market is segmented by application into medical, food & beverage, hot-air balloon, and others, out of which, the medical segment is anticipated to hold a substantial share in the global whisper valve market over the forecast period on account of increasing use of whisper valves in cryogenic systems available at hospitals, surgical centers, and others. The growing use of cryogenic pumps in healthcare sector is estimated to boost the segment growth.

Major Macro-Economic Indicators Impacting the Market Growth

Global Research and Development Expenditure Graph

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Whisper Valve Market Regional Synopsis

On the basis of geographical analysis, the global whisper valve market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of increasing adoption of advanced technology in the medical industry, along with the presence of major manufacturers in the region. 

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the increasing demand for whisper valves in the healthcare sector, backed by the surge in organ transplant surgeries. As per the data by the U.S. Health Resources & Services Administration, more than 40,000 organ transplants were performed in 2021, while over 106,076 people including, men, women, and children were on the national transplant waiting list.

Whisper Valve Market Share Graph

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The global whisper valve market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global whisper valve market includes the following segments:

By Gauge Type

  • 0 to 25 PSIG
  • 26-200 PSIG
  • 200 to 300 PSIG
  • 300 to 500 PSIG
  • Others

By Application

  • Medical
  • Food & Beverage
  • Hot-Air Balloon
  • Others

Growth Drivers

  • Increasing Application in the Healthcare Sector
  • Growing Awareness regarding Noise Pollution

Challenges

  • Lack of Adoption in the Recreation Industry
  • Requirement of High Investment in the Market

Top Featured Companies Dominating the Market

  • Starmed Health Care Private Limited
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Koninklijke Philips N.V.
  • Airgas, Inc.
  • CapitalAir Corporation
  • Schreiner GmbH
  • Burkert Corporation
  • Manpro Equipments Private Limited
  • Chunji Corporation
  • Vitality Medical
  • Middlesex Gases & Technologies, Inc.

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