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.
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.
Increase in demand of o2
Oxygen flow meters are increasingly being used to measure gas flow.
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.
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.
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.
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:
Double Flange Type
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|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|
|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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
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
9. Oxygen Flow Meters Market Segmentation, By Application
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profiles
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
11.9 Megasan Medical
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share analysis
12.3 Recent Developments
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