Oxygen Flow Meters Global Market Report 2024

The oxygen flow meter plays a crucial role in measuring and regulating the quantity of oxygen administered to patients undergoing oxygen therapy. Beyond accurately detecting real-time oxygen flow, it provides healthcare providers with vital information regarding a patient's oxygen absorption status. These flow meters have become standard equipment in hospitals across all levels of care.

There are various types of oxygen flow meters, including double flange type, plug-in type, and others. Plug-in type oxygen flow meters are predominantly employed in the healthcare sector, specifically in hospitals, surgical facilities, and clinics, for monitoring or controlling high-pressure oxygen supplied from an oxygen cylinder. These meters come in different calibration types, such as automatic and manual, and find applications in healthcare, industrial, aerospace, chemical, and various other sectors.

The oxygen flow meters market research report is one of a series of new reports that provides oxygen flow meters market statistics, including oxygen flow meters industry global market size, regional shares, competitors with a oxygen flow meters market share, detailed oxygen flow meters market segments, market trends and opportunities, and any further data you may need to thrive in the oxygen flow meters industry. This oxygen flow meters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 expansion observed in the historical period can be attributed to the growth of the healthcare industry, adherence to regulatory compliance, an aging population, and the prevalence of chronic respiratory conditions, highlighting the significance of 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 anticipated growth in the forecast period can be linked to the rise of telemedicine, the expansion of home healthcare services, the increased adoption of point-of-care testing, the focus on addressing pneumonia, and the growing popularity of non-invasive ventilation. Notable trends in the forecast period encompass technological advancements, the development of portable oxygen solutions, the integration of Internet of Things (IoT) and connectivity in healthcare, the emphasis on smart healthcare solutions, and the overall trend toward more portable and accessible healthcare options.

The anticipated rise in the number of COVID-19 cases globally is set to drive the growth of the oxygen flowmeter market in the coming days. COVID-19, caused by the SARS-CoV-2 virus, is an infectious disease leading to mild to moderate respiratory symptoms for most infected individuals, necessitating external oxygen for breathing. For example, Worldometer, a US-based statistical reference website, reported a surge in new COVID-19 cases from 510 million on April 25, 2022, to 511 million on April 27, 2022. Consequently, the increasing prevalence of COVID-19 cases is a catalyst for the expansion of the oxygen flowmeter market.

The escalating incidence of respiratory illnesses is also poised to fuel the growth of the oxygen flowmeter market. Respiratory illnesses encompass various medical conditions affecting the respiratory system, causing breathing difficulties. Patients with respiratory ailments often require oxygen therapy to alleviate symptoms and enhance their quality of life. This heightened demand for oxygen therapy underscores the importance of oxygen flowmeters in accurately regulating and monitoring oxygen delivery. For instance, a March 2021 report from the Ministry of Health of Chile highlighted that respiratory diseases, accounting for 47% of influenza and pneumonia cases, 3% of lower respiratory tract chronic disorders, and 3% of interstitial respiratory diseases, constitute the primary cause of death in Chile. Consequently, the increasing prevalence of respiratory illnesses is a driving force behind the growth of the oxygen flowmeter market.

A notable trend gaining traction in the oxygen flowmeters market is the emergence of new product developments. Key players in the sector are actively engaged in innovating new products to meet consumer demands and bolster their market standing. For example, in August 2021, Guangzhou Aosong Electronics Company Ltd., a China-based manufacturer of temperature and humidity sensors, introduced an intelligent digital gas mass flow meter utilizing advanced semiconductor technology. This product boasts high sensitivity, versatile output modes, and stability across a wide range. The AMS2106 employs thermal mass flow measurement, eliminating the need for additional temperature and pressure correction from the client, ensuring precise flowmeter calculations, heightened sensitivity, and rapid detection of the minimum starting flow rate.

Major companies in the oxygen flowmeter market are focusing on developing high-flow oxygen therapy oxygen flowmeters like the OXYLL 70 L/min to expand their customer base, boost sales, and increase revenue. OXYLL 70 L/min is designed to provide controlled and precise oxygen flow for patients requiring high-flow oxygen therapy. In February 2021, HERSILL, a Spain-based medical technology manufacturer, launched the OXYLL 70 L/min Oxygen Flowmeter. Notably, this product is tailored for high-flow oxygen therapy, making it particularly valuable for treating COVID-19 patients when used alongside active humidification equipment, enhancing its efficacy in providing respiratory support to individuals with the virus.

In January 2022, ICU Medical Inc., a US-based medical company, acquired Smiths Medical for an undisclosed amount, intending to continue delivering innovation, quality, and value to clinical customers worldwide. Smiths Medical, based in the US, is a company that specializes in providing oxygen flow meters.

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

North America was the largest region in the oxygen flow meters market in 2023. The regions covered in the oxygen flow meters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the oxygen flow meters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The oxygen flow meter market consists of sales of thorpe tube oxygen flow meter, bourdon gauge oxygen flow meter, and dial/click oxygen flow meter. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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