Next-Gen Oxygen Flow Meters : Market Forecast, Transformation, and Long-Term Trajectories
Discover trends, market shifts, and competitive outlooks for the oxygen flow meters industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
#What Is the Current and Projected Market Size of the Oxygen Flow Meters Market Through 2034?
The market size for oxygen flow meters has experienced significant expansion in the past few years. The market, which is valued at $1.78 billion in 2024, is expected to increase to $1.92 billion in 2025, representing a compound annual growth rate (CAGR) of 8.3%. The growth observed in the historical period can be linked to key factors such as the expansion of the healthcare industry, obligatory regulatory adherence, an aging demographic, chronic respiratory diseases, and an increase in respiratory care.
The market size of oxygen flow meters is predicted to undergo a swift expansion in the coming years, reaching a worth of $2.99 billion in 2029 with a compound annual growth rate (CAGR) of 11.6%. The surge during the forecast period is primarily due to factors such as telemedicine, home healthcare, point-of-care testing, pneumonia, and non-invasive ventilation. The key trends during the estimated period involve technological progress, portable oxygen solutions, Internet of Things (IoT) and connectivity, portable oxygen solutions, along with smart healthcare.
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Which Major Market Drivers Are Expected to Boost the Growth Potential of the Oxygen Flow Meters Market?
The surge in COVID-19 cases worldwide is projected to fuel the expansion of the oxygen flowmeter market. COVID-19, an infectious disease triggered by the SARS-CoV-2 virus, often results in mild to moderate respiratory distress in most infected individuals, necessitating supplementary oxygen for breathing. For example, Worldometer, an American reference website that offers live global statistics, reported that the total fresh COVID-19 cases rose from 510 million on April 25th, 2022 to 511 million on April 27th, 2022. Consequently, the escalating number of COVID-19 infections propels the oxygen flowmeter market’s growth.
Which Key Market Segments Comprise the Oxygen Flow Meters Market and Drive Its Revenue Growth?
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
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 Areas Are Leading Regions in the Oxygen Flow Meters Market Expansion Across the Globe?
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.
What Are the Key Market Trends in theOxygen Flow Meters Market Over the Coming Years?
The trend of launching innovative products has become prevalent in the oxygen flowmeters industry, with most leading entities focusing on introducing new products in order to cater to customer needs and solidify their market standing. For instance, Endress+Hauser, a firm based in Switzerland that is known for its expertise in process instrumentation and solutions, unveiled the Memobase Pro software in February 2024. The software was designed to pair seamlessly with the Liquiline Mobile CML18 handheld meter, providing a digital platform that excels in measurement, calibration, and documentation, thanks to the ingenious combination of high-end measurement technology and mobile app features. The device has garnered substantial praise for its proven efficacy in quantifying pH, conductivity, oxygen, and ORP.
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How Is the Oxygen Flow Meters Market Conceptually Defined?
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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