Press release
Oxygen Flow Meters Market Demand, Share, and Competitive Overview 2024-2033
Oxygen Flow Meters Market
The oxygen flow meters market size is expected to see rapid growth in the next few years. It will grow to $2.69 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to telemedicine, home healthcare, point-of-care testing, pneumonia, non-invasive ventilation. Major trends in the forecast period include technological advancements, portable oxygen solutions, internet of things (iot) and connectivity, portable oxygen solutions, smart healthcare.
Market Overview -
The oxygen flow meter measures and regulates the amount of oxygen delivered to patients who are receiving oxygen therapy. It can not only accurately detect the flow of oxygen in real-time, but it can also keep healthcare providers informed about a patient's oxygen absorption status. Oxygen flowmeters are now routinely utilized in hospitals at all levels.
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Covid-19 Pandemic Fuels Growth In The Oxygen Flowmeter Market
The increasing number of COVID-19 cases in the world is expected to propel the growth of the oxygen flowmeter market going forward. COVID-19 disease (COVID-19) is an infectious disease caused by the virus called SARS-CoV-2. The majority of those infected with the virus will experience mild to moderate respiratory symptoms and require external oxygen to breathe. For instance, according to the Worldometer, a US-based reference website that provides live world statistics, the total new COVID-19 cases found on 25th April 2022 is 510 million, has jumped to 511 million on 27th April 2022. Therefore, the increasing number of COVID-19 cases drives the oxygen flowmeter market.
Competitive Landscape -
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, Amcaremed Technology Co.Limited, 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
Innovative Product Launches Drive Advancements In The Oxygen Flowmeters Market
New product developments have emerged as a key trend gaining popularity in the oxygen flowmeters market. Major companies operating in the oxygen flowmeters sector are focused on new product innovations to meet consumer demand and strengthen their position. For instance, in August 2021, Guangzhou Aosong Electronics Company Ltd., a China-based manufacturer of temperature and humidity sensors, launched a new intelligent digital gas mass flow meter based on advanced semiconductor technology. This product features high sensitivity, a versatile output mode, and a wide range of stability. The AMS2106 uses thermal mass flow measurement without the need for additional temperature and pressure correction from the client, ensuring high-precision flowmeter calculations, high sensitivity, and the ability to quickly detect the minimum starting flow rate and begin the calculation.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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