Press release
Global Oxygen Flow Meters Market Projected to Grow at 11.2% CAGR, Reaching $2.93 Billion by 2029
Oxygen Flow Meters
What Will the Oxygen Flow Meters Industry Market Size Be by 2025?
The market for oxygen flow meters has experienced robust expansion recently, projected to increase from a valuation of $1.78 billion in 2024 to $1.91 billion by 2025, reflecting a compound annual growth rate of 7.7%; this upward trajectory during the historical timeframe is linked to the expansion of the healthcare sector, adherence to regulations, an increasing elderly demographic, the prevalence of chronic respiratory ailments, and the overall need for respiratory support.
What's the Long-Term Growth Forecast for the Oxygen Flow Meters Market Size Through 2029?
Anticipation surrounds the oxygen flow meters sector, projecting substantial expansion in the coming years, with its valuation set to reach $2.93 billion by 2029, reflecting an impressive compound annual growth rate (CAGR) of 11.2%. This surge throughout the projection timeframe is primarily fueled by escalating demands in telemedicine deployments, home healthcare services, point-of-care diagnostic capabilities, the increasing incidence of pneumonia, and the broader adoption of non-invasive ventilation techniques. Key influential movements shaping the market during this forecast interval encompass ongoing technological enhancements, the rising prevalence of readily transportable oxygen apparatus, the integration of the Internet of Things (IoT) and enhanced connectivity features, a repeated emphasis on portable oxygen technologies, and the general advancement toward smart healthcare ecosystems.
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What Are the Key Growth Drivers Fueling the Oxygen Flow Meters Market Expansion?
With the global surge in COVID-19 instances anticipated, the trajectory for the oxygen flowmeter market indicates an upward push in its expansion.SARS-CoV-2, the virus responsible for COVID-19, infects individuals, leading to an illness characterized primarily by mild to intermediate respiratory distress, which necessitates supplemental oxygen support for many patients.To illustrate this point, statistics from Worldometer, a reference site headquartered in the US tracking global figures, reveal that the cumulative count of new COVID-19 infections climbed from 510 million on April 25th, 2022, to 511 million just two days later on April 27th, 2022.Consequently, this upward trend in confirmed COVID-19 infections serves as a significant impetus fueling the demand within the oxygen flowmeter market.
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What Are the Key Trends Driving Oxygen Flow Meters Market Growth?
A significant wave of interest is currently sweeping through the oxygen flowmeters arena, centered on the creation of novel products. Leading entities within this sphere are dedicating efforts to pioneering product advancements as a means of satisfying buyer requirements and fortifying their standing in the marketplace. To illustrate this, in February of 2024, Endress+Hauser, a firm originating from Switzerland and known for its process instrumentation and comprehensive solutions, brought forth the Memobase Pro software, engineered for smooth coupling with the Liquiline Mobile CML18 portable measuring unit. This novel integration merges sophisticated measurement techniques with mobile application capabilities, thereby establishing a digital environment offering superior functions for taking readings, confirming accuracy, and keeping records; the instrument has garnered considerable praise specifically for its adeptness at quantifying pH, conductivity, oxygen levels, and oxidation-reduction potential.
How Is the Oxygen Flow Meters Market Segmented?
The oxygen flow metersmarket 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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Which Companies Are Leading the Charge in Oxygen Flow Meters Market Innovation?
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 dic*kinson 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
Which Regions Are Leading the Global Oxygen Flow Meters Market in Revenue?
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.
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