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Covid-19 Pandemic Fuels Growth In The Oxygen Flowmeter Market: Strengthening the Growth Trajectory of the Oxygen Flow Meters Market
Oxygen Flow Meters Market
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What Is the Expected CAGR for the Oxygen Flow Meters Market Through 2025?_x000D_
The market size of oxygen flow meters has seen significant growth in the previous years. It is projected to surge from $1.78 billion in 2024 to $1.92 billion in 2025, with a compound annual growth rate (CAGR) of 8.3%. Factors such as the growth of the healthcare industry, regulatory compliance, an aging population, chronic respiratory conditions, and respiratory care can be credited for the market expansion in the historical period._x000D_
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What's the Projected Size of the Global Oxygen Flow Meters Market by 2029?_x000D_
There is an anticipated swift expansion in the oxygen flow meters market in the approaching years, with its worth projected to climb to $2.99 billion by 2029, an increase characterized by a compound annual growth rate (CAGR) of 11.6%. Such growth during the forecast timeframe can be ascribed to varying factors, including telemedicine, home healthcare provision, point-of-care examination, pneumonia, and non-invasive ventilation. The period is also likely to note key trends such as technological progressions, the incorporation of internet of things (iot) and connectivity, portable oxygen solutions, and the adoption of smart healthcare._x000D_
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Top Growth Drivers in the Oxygen Flow Meters Industry: What's Accelerating the Market?_x000D_
The upsurge in global COVID-19 cases is predicted to spur the expansion of the oxygen flowmeter market. COVID-19, an infectious ailment triggered by the SARS-CoV-2 virus, leaves a large number of those infected needing supplemental oxygen due to mild to moderate respiratory symptoms. For example, the Worldometer, a US-based website that offers real-time global data, revealed that the total number of new COVID-19 cases escalated to 511 million on 27th April 2022, up from 510 million on 25th April 2022. Therefore, the escalating number of COVID-19 cases fuels the growth of the oxygen flowmeter market._x000D_
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What Trends Will Shape the Oxygen Flow Meters Market Through 2029 and Beyond?_x000D_
There has been a notable rise in the trend of new product developments within the oxygen flowmeters market. The leading enterprises in this sector are concentrating on bringing forth novel product innovations to cater to consumer needs and solidify their market standing. For instance, Endress+Hauser, a company based in Switzerland known for its expertise in process instrumentation and solutions, launched a new product, the Memobase Pro software, in February 2024. This software can be smoothly integrated with the Liquiline Mobile CML18 handheld meter. This fusion of cutting-edge measurement technology with mobile app features provides a powerful digital platform for carrying out measurements, calibrations, and documentation with unparalleled efficiency. The tool has been lauded for its ability to measure pH, conductivity, oxygen, and ORP._x000D_
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What Are the Main Segments in the Oxygen Flow Meters Market?_x000D_
The oxygen flow meters market covered in this report is segmented -_x000D_
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1) By Type: Double Flange Type, Plug-in Type, Other Types_x000D_
2) By Calibration Type: Automatic, Manual_x000D_
3) By Application: Healthcare, Industrial, Aerospace, Chemical, Other Applications_x000D_
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Subsegments:_x000D_
1) By Double Flange Type: Standard Double Flange Flow Meters, Custom Double Flange Flow Meters_x000D_
2) By Plug-in Type: Insertion Flow Meters, Portable Plug-in Flow Meters_x000D_
3) By Other Types: Mass Flow Meters, Differential Pressure Flow Meters, Rotameters, Ultrasonic Flow Meters_x000D_
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Which Top Companies are Driving Growth in the Oxygen Flow Meters Market?_x000D_
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_x000D_
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Which Regions Will Dominate the Oxygen Flow Meters Market Through 2029?_x000D_
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._x000D_
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