The oxygen flow meters global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Oxygen Flow Meters Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The oxygen flow meters market size has grown strongly in recent years. It will grow from $1.67 billion in 2023 to $1.82 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to healthcare industry growth, regulatory compliance, aging population, chronic respiratory conditions, respiratory care.
The oxygen flow meters market size is expected to see rapid growth in the next few years. It will grow to $2.69 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to telemedicine, home healthcare, point-of-care testing, pneumonia, non-invasive ventilation. Major trends in the forecast period include technological advancements, portable oxygen solutions, internet of things (iot) and connectivity, portable oxygen solutions, smart healthcare.
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Scope Of Oxygen Flow Meters Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Oxygen Flow Meters Market Overview
Market Drivers –
The increasing number of COVID-19 cases in the world is expected to propel the growth of the oxygen flowmeter market going forward. COVID-19 disease (COVID-19) is an infectious disease caused by the virus called SARS-CoV-2. The majority of those infected with the virus will experience mild to moderate respiratory symptoms and require external oxygen to breathe. For instance, according to the Worldometer, a US-based reference website that provides live world statistics, the total new COVID-19 cases found on 25th April 2022 is 510 million, has jumped to 511 million on 27th April 2022. Therefore, the increasing number of COVID-19 cases drives the oxygen flowmeter market.
Market Trends –
New product developments have emerged as a key trend gaining popularity in the oxygen flowmeters market. Major companies operating in the oxygen flowmeters sector are focused on new product innovations to meet consumer demand and strengthen their position. For instance, in August 2021, Guangzhou Aosong Electronics Company Ltd., a China-based manufacturer of temperature and humidity sensors, launched a new intelligent digital gas mass flow meter based on advanced semiconductor technology. This product features high sensitivity, a versatile output mode, and a wide range of stability. The AMS2106 uses thermal mass flow measurement without the need for additional temperature and pressure correction from the client, ensuring high-precision flowmeter calculations, high sensitivity, and the ability to quickly detect the minimum starting flow rate and begin the calculation.
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
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Regional Insights –
North America was the largest region in the oxygen flow meters market in 2023. 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.
Key Companies –
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, Amcaremed Technology Co.Limited, 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
Table of Contents
1. Executive Summary
2. Oxygen Flow Meters Market Report Structure
3. Oxygen Flow Meters Market Trends And Strategies
4. Oxygen Flow Meters Market – Macro Economic Scenario
5. Oxygen Flow Meters Market Size And Growth
…..
27. Oxygen Flow Meters Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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