What is the Historic and Current Scenario of the Oxygen Flow Meters Market?
The oxygen flow meters market has seen considerable growth due to a variety of factors.
• In previous years, there has been a noticeable expansion in the market size of oxygen flow meters. The market is projected to increase from $1.78 billion in 2024 to $1.92 billion in 2025, with a compound annual growth rate (CAGR) of 8.3%.
The expansion in the market over the historic period is due to development in the healthcare industry, adherence to regulatory requirements, rising elderly population, prevalence of chronic respiratory diseases, and emphasis on respiratory care.
What are the Forecasted Growth and Key Factors of the Oxygen Flow Meters Market?
The oxygen flow meters market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the oxygen flow meters market to experience accelerated growth in the coming years, with projections putting its value at $2.99 billion in 2029, growing at a compound annual growth rate (CAGR) of 11.6%.
Elements contributing to this growth in the projected timeline include telemedicine, home healthcare, point-of-care testing, pneumonia treatments, and non-invasive ventilation techniques. Significant trends throughout this period encompass technological progress, the use of portable oxygen solutions, the advent of internet of things (IoT) and increased connectivity, as well as the rise of intelligent healthcare solutions.
What Are The Leading Drivers Of Growth In The Oxygen Flow Meters Market?
The escalating rates of COVID-19 globally are predicted to drive the expansion of the oxygen flowmeter market. COVID-19, a contagious disease initiated by the SARS-CoV-2 virus, prompts most infected individuals to suffer from mild to severe respiratory conditions and necessitate external oxygen for respiration. Worldometer, a reference site based in the United States that offers real-time global data, reported that the total number of new COVID-19 cases on April 25, 2022, is 510 million, which spiked to 511 million by April 27, 2022. Consequently, the rise in COVID-19 cases spurs growth in the oxygen flowmeter market.
How Are The Segments Defined Within The Global Oxygen Flow Meters Market?
The oxygen flow meters market covered in this report is segmented –
1) By Type: Double Flange Type, Plug-in Type, Other Types
2) By Calibration Type: Automatic, Manual
3) By Application: Healthcare, Industrial, Aerospace, Chemical, Other Applications
Subsegments:
1) By Double Flange Type: Standard Double Flange Flow Meters, Custom Double Flange Flow Meters
2) By Plug-in Type: Insertion Flow Meters, Portable Plug-in Flow Meters
3) By Other Types: Mass Flow Meters, Differential Pressure Flow Meters, Rotameters, Ultrasonic Flow Meters
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How Are New Trends Expected To Influence The Growth Of The Oxygen Flow Meters Market?
The emergence of new product developments is a prominent trend in the oxygen flowmeters market. The primary firms in this sector are concentrating on pioneering product innovations to cater to customer needs and fortify their standing. In particular, Endress+Hauser, a Swiss company specializing in process instrumentation and solutions, rolled out the Memobase Pro software in February 2024. The software seamlessly connects with the Liquiline Mobile CML18 handheld meter. This unique amalgamation of state-of-the-art measurement technology and mobile app features establishes a digital platform unparalleled in its intriguing blend of measurement, calibration, and documentation capabilities. The device has garnered considerable recognition for its adeptness in pH, conductivity, oxygen, and ORP measurements.
Who Are the Key Players in the Oxygen Flow Meters Market?
Major companies operating in the oxygen flow meters market include:
• D.Z. Medicale S.r.l.
• Heyer Medical AG
• Ohio Medical Corporation
• Megasan Medical
• Precision Medical Inc.
• HERSILL SL.
• Penlon Ltd.
• BURAK Metering Pvt Ltd
• Amcaremed Technology Co. Limited
• Dwyer Instruments Ltd.
• Deluxe Industrial Gases
• Sumukha Meditek
• Ashish Engineering
• Smiths Medical Inc.
• Maxtec LLC.
• Allied Healthcare Products Inc.
• Becton Dickinson and Company
• Bio-Med Devices Inc.
• Bunnell Incorporated
• CareFusion Corporation
• Drive DeVilbiss Healthcare Inc.
• Fisher & Paykel Healthcare
• Flexicare Medical Limited
• GCE Group
• Hamilton Medical AG
• Inogen Inc.
• Invacare Corporation
• Medline Industries Inc.
• O2 Concepts
• OxyGo LLC.
• ResMed Inc.
• Teijin Limited
What Is The Most Dominant Region In The Oxygen Flow Meters Market?
North America was the largest region in the oxygen flow meters market in 2024. The regions covered in the oxygen flow meters market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
