Oxygen Flow Meters Market to Record 8.9% CAGR Through 2030

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The global Oxygen Flow Meters Market size is expected to be worth around US$ 3.50 billion by 2030, according to a new report by Vision Research Reports.

The global Oxygen Flow Meters market size was valued at US$ 2.0 billion in 2020 and is anticipated to grow at a CAGR of 8.9% during forecast period 2021 to 2030.

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Oxygen Flow Meters Market (By Type: Double Flange Type, Plug-in Type, Others; By Application: Healthcare, Industrial, Aerospace, Chemical, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Growth Factors

The number of infectious and fatal diseases, including cancer and recent coronavirus, has witnessed a significant increase across the globe. This has forced pharmaceutical companies to deliver oxygen supplies, including oxygen flow meters, for such diseases continuously. This is leading to an increased demand for oxygen flow meters across the healthcare sector.

The ongoing COVID-19 pandemic has taken a severe toll on enterprises across every industry, drying up financial reserves and cash flows and curbing profits. However, the pandemic has positively impacted the healthcare sector and associated markets. The outbreak has increased the demand for a wide range of medical supplies, including oxygen cylinders and oxygen concentrators. Therefore, these medical supplies are expected to increase the adoption of oxygen flow meters across the globe as it measures the flow of oxygen from an oxygen-dispensing unit to the oxygen user. 

Report Highlights

 The plug-in type segment held the largest revenue share of over 60.0% in 2020 and is anticipated to witness growth over the forecast period. Plug-in type O2 flow meters are majorly used in the healthcare sector, including hospitals, surgical facilities, and clinics. These O2 flow meters are used to monitor or control high-pressurized oxygen delivered from the O2 cylinder. The surge in oxygen demand from the healthcare sector in 2020 due to the recent COVID-19 outbreak has heightened the need for plug-in-type oxygen flow meters.

The healthcare segment accounted for the largest share of over 70.0% in 2020 and is anticipated to witness considerable growth over the forecast period owing to the industry’s rapid growth. Flow meters are needed in O2 therapy, wherein numerous machines are used to manage O2. Firstly, the O2 passes through a pressure regulator, which controls the high-pressurized O2 supplied from the cylinder. It is administered at low pressure. This lowered pressure is controlled or monitored by a flow meter.

Asia Pacific dominated the market and accounted for over 43.0% share in 2020, followed by North America. In Asia Pacific, the adoption of oxygen flow meters is high in the healthcare segment, contributing to the regional market growth. As a result, the demand for plug-in and clamp-type oxygen flow meters for pharmaceutical and biotechnology management is expected to increase in the region. Besides, the market in India and China is expected to witness significant growth over the forecast period due to continuous developments in steelmaking and other manufacturing sectors.

Key Players

  • Dwyer Instruments LTD.
  • HERSILL
  • Ohio Medical
  • Precision Medical, Inc.
  • Penlon
  • DZ Medicale
  • Burak Metering
  • Megasan Medical
  • SHANGHAI AMCAREMED TECHNOLOGY Co., LIMITED
Report Coverage Details
Market Size US$ 3.50 billion by 2030
Growth Rate CAGR of 8.9% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Type, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned DZ Medicale; Dwyer Instruments LTD.; Ohio Medical; Precision Medical, Inc.; HERSILL; Penlon

Market Segmentation

  • Type
    • Double Flange Type
    • Plug-in Type
    • Others
  • Application
    • Healthcare
    • Industrial
    • Aerospace
    • Chemical
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
    • Asia Pacific
      • China
      • Japan
      • India
    • South America
      • Brazil
    • Middle East & Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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