Global Oxygen Flow Meters Market Size, Share, and COVID-19 Impact Analysis, By Type (Plug-in Type, Double Flange Type), By Application (Healthcare, Industrial, Aerospace, Chemical), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030Industry: Semiconductors & Electronics
Global Oxygen Flow Meters Market Insights Forecasts to 2030
- The Global Oxygen Flow Meters Market Size was valued at USD 1.20 Billion in 2021.
- The Market Is Growing At a CAGR of 6% From 2022 to 2030
- The Global Oxygen Flow Meters Market Is Expected To Reach USD 1.90 Billion By 2030
- North America Is Expected To Grow the Fastest During The Forecast Period
Get more details on this report -
The Global Oxygen Flow Meters Market is expected to reach USD 1.90 billion by 2030, at a CAGR of 6% during the forecast period 2022 to 2030. In the next years, the market expansion is anticipated to be driven by the rising global demand for oxygen flow rate measurement in healthcare applications.
The amount of oxygen that is delivered from an oxygen dispenser to the oxygen user is measured by an O2 flow metre. It measures the flow from a gas concentrator or a gas tank and can be a freestanding instrument or attached to a portion of an oxygen tank. Additionally, these metres show whether a line is blocked or the oxygen is unfit for usage. The cost of manufacturing or purchasing various medical gases, including oxygen, medical air, nitrous oxide, and nitrogen, is one of the most significant expenses in the majority of hospitals. Numerous medical facilities have been consuming gases traditionally for a long time, such as in cylinders (in which the gas is provided), which has resulted in high operating expenses and a lack of monitoring of gas usage and consumption.
This research report categorizes the market for Oxygen Flow Meters market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Oxygen Flow Meters market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Oxygen Flow Meters market.
The usage and consumption of these gases were not previously tracked or monitored, and when they were, the results were frequently rough estimates that were written manually on paper. In order to determine the quantity and rate of petrol used, several hospitals rely on the rate at which the cylinders are empty. This caused a number of problems, including the inability to precisely calculate overall gas consumption and the peak points of consumption and the fact that the amount of gas in a given sized cylinder can vary considerably. As a result, hospitals find it challenging to control overall spending and allocate money to specific divisions and departments.
Global Oxygen Flow Meters Market Report Coverage
|Market Size in 2021:||USD 1.20 Billion|
|Forecast Period 2021-2030 CAGR:||6%|
|2030 Value Projection:||USD 1.90 Billion|
|Historical Data for:||2017-2020|
|No. of Pages:||207|
|Tables, Charts & Figures:||121|
|Segments covered:||By Type, By Application, By Region, COVID-19 Impact Analysis|
|Companies Covered:||Dwyer Instruments LTD., HERSILL, Ohio Medical, Precision Medical, Inc., Penlon, DZ Medicale, Burak Metering, Megasan Medical, Heyer Medical, Precision Medical, Smiths Medical, Sumukha Meditek, Ashish Engineering, Deluxe Industrial Gases, SHANGHAI AMCAREMED TECHNOLOGY Co., LIMITED|
|Pitfalls & Challenges:||Due to the increasing number of COVID-19 cases|
Get more details on this report -
The Covid-19 pandemic has had a favourable effect on the O2 flow metre business. Oxygen consumption has dramatically increased as a result of the outbreak, particularly during the surges in Covid-19 patients at hospitals. Additionally, a high prevalence of Covid-19 patients in several nations, including as India and the U.S., has put pressure on oxygen supplies at hospitals.
- In 2021, the Plug-in type segment is dominating the market with the largest market share.
Based on type, the global Oxygen Flow Meter Market is segmented into Plug-in Type, Double Flange Type. Among these, the plug in type segment is dominating the market with 51% market share. Hospitals, operating rooms, and clinics all frequently employ plug-in type oxygen flow metres. These oxygen flow metres are used to monitor or regulate the delivery of highly pressurised oxygen from the oxygen cylinder. The requirement for plug-in-type oxygen flow metres has increased due to the rise in oxygen demand from the healthcare sector in 2020 as a result of the current COVID-19 outbreak.
- In 2021, the Healthcare segment holds the largest market share over the forecast period.
On the basis of application, the global Oxygen Flow Meter Market is segmented into Healthcare, Industrial, Aerospace, Chemical. Among these, the healthcare segment holds the largest market share over the forecast period due to the market growth. In O2 therapy, where several equipment are utilised to control O2, flow metres are required. The high-pressurized O2 delivered from the cylinder is first controlled by a pressure regulator. It is given under light pressure. A flow metre regulates or tracks this reduced pressure.
Regional Segment Analysis of the Oxygen Flow Meters Market
Get more details on this report -
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Asia Pacific dominates the market with the largest market share over the forecast period.
Asia Pacific dominates the market with the largest market share over the forecast period. Oxygen flow metres are widely used in the healthcare industry in Asia Pacific, which supports the expansion of the local market. Due to this, it is anticipated that the need for plug-in and clamp-type oxygen flow metres for pharmaceutical and biotechnology management would rise in the area. In addition, the market in China and India is anticipated to increase significantly over the projected period as a result of ongoing advancements in the steel industry and other manufacturing sectors.
- In February 2021, Along with active humidification equipment, HERSILL unveiled the OXYLL 70 L/min Oxygen Flow metre, which is perfect for use in high flow oxygen therapy. This item aids in the treatment of COVID-19.
The report offers the appropriate analysis of the key organizations/companies involved within the global Oxygen Flow Meters market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Dwyer Instruments LTD.
- Ohio Medical
- Precision Medical, Inc.
- DZ Medicale
- Burak Metering
- Megasan Medical
- Heyer Medical
- Precision Medical
- Smiths Medical
- Sumukha Meditek
- Ashish Engineering
- Deluxe Industrial Gases
- SHANGHAI AMCAREMED TECHNOLOGY Co., LIMITED
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Oxygen Flow Meters market based on the below-mentioned segments:
Oxygen Flow Meters Market, By Type
- Double Flange
Oxygen Flow Meters Market, By Application
Oxygen Flow Meters Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Need help to buy this report?