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Oxygen Flow Meters Market

Oxygen Flow Meters Market Size, Share & Segment by Type (Plug-in Type, Double Flange Type, Others), By Application (Healthcare, Chemical, Industrial, Aerospace, Others), and by Regions | Global Forecast 2022-2028

Report Id: SNS/HC/1291 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Oxygen Flow Meters Market Size was valued at USD 1.12 billion in 2021 and is expected to reach USD 1.67 billion by 2028, and grow at a CAGR of 5.9% over the forecast period 2022-2028. In the future years, the growing need for oxygen flow rate measurement in medical applications around the world is likely to drive market expansion. The flow of oxygen from an oxygen-dispensing unit to the oxygen user is measured by an O2 flow meter. It measures the flow from a gas concentrator or a gas tank and can be an independent instrument or linked to a component of an oxygen tank. Furthermore, these meters tell whether the oxygen is fit for usage or whether a line is blocked.

Oxygen Flow Meters Market

The cost of creating or purchasing various medical gases, such as oxygen, medical air, nitrous oxide, and nitrogen, is one of the most important expenditures in most hospitals. Many medical facilities have long used traditional techniques for consuming gases, such as cylinders (in which the gas is provided), resulting in high operational expenses and a lack of gas utilisation and consumption monitoring.

Previously, the usage and consumption of these gases were not monitored or measured, and when they were, it was frequently a hazy, erroneous estimate written manually on paper. To determine the volume and rate of gas utilised, several hospitals employ the rate at which the cylinders are empty. This resulted in a number of concerns, including the fact that the volume of gas in a given sized cylinder can vary greatly, leaks can go unnoticed, and total gas consumption and peak consumption points cannot be precisely established. As a result, hospitals face challenges in managing overall costs and invoicing charges to different departments and divisions.

Therefore, the need for O2 flow metres to lower operational expenses has surged in recent years. These metres have various benefits, including a low risk of clogging and minimal gas flow obstruction. It likewise distinguishes spills in the gas line, the security vent, and the clinical gas supply. As a result, the need for O2 flow metres in the healthcare business is increasing. Furthermore, over the projection period, oxygen flow metres will gain traction in additional industries such as aerospace and chemical.

MARKET DYNAMICS

 DRIVERS

  • Increase in demand of o2

RESTRAINTS

  • Technical difficulties

OPPORTUNITIES 

  • Oxygen flow meters are increasingly being used to measure gas flow.

CHALLENGES

  • High cost of treatment

  • Gas usage is not being monitored.

IMPACT OF COVID-19

The Covid-19 epidemic had a favourable impact on the O2 flow meter business. The demand for oxygen has increased dramatically as a result of the outbreak, particularly during the increases of Covid-19 patients at hospitals. A significant number of Covid-19 patients has also put strain on oxygen supplies in hospitals in some nations, like as India and the United States. As a result, demand for O2 flow meters in the healthcare industry has surged and is expected to continue to rise in the near future. Various governments are concentrating their efforts on improving healthcare in rural areas. The demand for medical O2 and O2 flow meters is predicted to skyrocket as a result of planned infrastructure developments.

By Type

 In 2021, the plug-in type segment had the highest revenue share of over 52 percent, and it is expected to expand during the forecast periodModule type O2 stream meters are generally utilized in emergency clinics, careful offices, and centers. The high-constrained oxygen conveyed from the O2 chamber is observed or controlled utilizing these O2 stream meters. The requirement for plug-in-type oxygen flow meters has increased due to an increase in oxygen demand from the healthcare sector in 2021 as a result of the current COVID-19 pandemic.

By Application

Due to the industry's quick growth, the healthcare segment held the greatest share of over 62.0 percent in 2021 and is expected to rise significantly throughout the projected period. In O2 therapy, where multiple units are utilised to manage O2, flow meters are required. The O2 first ventures through a tension controller, which directs the high-constrained O2 conveyed from the chamber. It is given under low tension. A stream meter directs or screens the decreased strain.

COMPETITIVE LANDSCAPE

Some of the major key players are as follows HERSILL, Burak Metering, DZ Medicale, Ohio Medical, Precision Medical, Inc., Dwyer Instruments LTD., Shanghai Amcaremed Technology Co., Limited, Penlon, Megasan Medical, and other players.

KEY MARKET SEGMENTATION:

By Type

  • Plug-in Type

  • Double Flange Type

  • Others

By Application

  • Healthcare

  • Chemical

  • Industrial

  • Aerospace

  • Others

Oxygen Flow Meters Market

REGIONAL ANALYSIS

Due to the industry's quick growth, the healthcare segment held the greatest share of over 60.0 percent in 2020 and is expected to rise significantly throughout the projected period. In O2 therapy, where multiple units are utilised to manage O2, flow meters are required. The O2 first ventures by means of a tension controller, which manages the high-forced O2 conveyed from the chamber. It is given under low tension. A stream meter directs or screens the decreased strain.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Oxygen Flow Meters Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 1.12 Billion
Market Size by 2028 US$ 1.67 Billion
CAGR CAGR of 5.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Plug-in Type, Double Flange Type, Others), By Application (Healthcare, Chemical, Industrial, Aerospace, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles HERSILL, Burak Metering, DZ Medicale, Ohio Medical, Precision Medical, Inc., Dwyer Instruments LTD., Shanghai Amcaremed Technology Co., Limited, Penlon, Megasan Medical, and other players.
DRIVERS • Increase in demand of o2
RESTRAINTS • Technical difficulties


Frequently Asked Questions (FAQ) :

Oxygen Flow Meters Market Size was valued at USD 1.12 billion in 2021 and is expected to reach USD 1.67 billion by 2028, and grow at a CAGR of 5.9% over the forecast period 2022-2028.

Segments of the Oxygen Flow Meters market are By Type and By Application.

Key drivers of the Oxygen Flow Meters Market is Increase in demand of o2

Plug-in Type, Double Flange Type, and Others are the sub segments of by Type.

Top-down, bottom-up, Quantitative, Qualitative Research, Descriptive, Analytical, Applied, Fundamental Research.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

 

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Oxygen Flow Meters Market Segmentation, By Type

8.1 Plug-in Type

8.2 Double Flange Type

8.3 Others

 

9. Oxygen Flow Meters Market Segmentation, By Application

9.1 Healthcare

9.2 Chemical

9.3 Industrial

9.4 Aerospace

9.5 Others

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4        Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

11. Company Profiles

11.1 HERSILL.

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Burak Metering

11.3 DZ Medicale

11.4 Ohio Medical

11.5 Precision Medical, Inc.

11.6 Dwyer Instruments LTD.

11.7 Shanghai Amcaremed Technology Co., Limited

11.8 Penlon

11.9 Megasan Medical

 

12. Competitive Landscape

12.1 Competitive Benchmarking

12.2 Market Share analysis

12.3 Recent Developments

 

13. Conclusion

 

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Secondary Research

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