Oxygen Flow Meters Market- Overview
The oxygen flow meters market is anticipated to rise at a moderate growth rate in the forthcoming years. The long presence of oxygen flow meters in medical applications that have reasonable longevity and do not require frequent replacement makes for their moderate demand in the years ahead.
For clinical use, oxygen flow meters measures the flow of oxygen from an oxygen dispenser to the oxygen user. The structure of oxygen flow meters can either be standalone or can be attached to an oxygen tank that measures the oxygen flow from a gas tank or a gas concentrator. In addition, oxygen flow meters indicate if the oxygen is suitable to be used or a line has a blockage.
Nonetheless, the cost associated with the purchase of various medical gases such as oxygen, nitrogen, and air is significant for healthcare institutions. This accounts for continued demand for oxygen flow meters for clinical purposes.
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Oxygen Flow Meters Market – Trends and Opportunities
The expanding use of specialty medical devices including oxygen flow meters during the course of medical treatment fuels the oxygen flow meters market. Hospitals, clinics, and other types of medical facilities in developing countries are increasingly adopting oxygen flow meters to measure the flow of gases during patient treatment. This is a shift from conventional methods used for measuring the flow of gases such as cylinders that has been associated with high operational costs, lack of monitoring of use of gases.
Furthermore, measure of gas flow using conventional methods often involved inaccurate estimation that was mostly carried out manually on paper. This extent of inaccuracies using conventional methods are high as the amount of gas in cylinder, undetected leaks, and total gas consumption are difficult to be measured precisely. Due to these factors, hospitals are unable to provide accurate invoicing of gas consumed to individual sections and departments.
The use of oxygen flow meters has addressed the downsides of conventional gas flow monitoring methods to some extent. The use of oxygen flow meters enables to reduce operational cost along with functional advantages. Low risk of clogging and minimal obstruction for gas flow are some functional advantages of oxygen flow meters leading to their expanded use. Ability of leak detection within the gas conduit, safety vent, and medical gas resourcing are some other benefits of oxygen flow meters. This amplifies growth in the oxygen flow meters market.
Prospects of adoption of oxygen flow meters in aerospace and chemical sectors will bolster the oxygen flow meters market in the future.
Oxygen Flow Meters Market – Competitive Landscape
Product development is one of the key focus areas of players in the oxygen flow meters market. For example, in Feb 2021, HERSIL launched its OXYLL 70 L/min Oxygen Flow meter that is characteristic of use in high flow oxygen therapy and is combined with active humidification equipment. The launch of the device at the time of ongoing COVID-19 has helped to treat patients infected with coronavirus.
Additionally, R&D for differentiator products is also the focus of key players in the oxygen flow meters market.
Some key players operating in the oxygen flow meters market are;
- Burak Metering
- Shanghai AMCAREMED TECHNOLOGY CO. LIMITED
- Dwyer Instruments Ltd.
- Ohio Medical
- Precision Medical Inc.
- DZ Medicate
- Megasan Medical
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Oxygen Flow Meters Market – Regional Landscape
Asia Pacific stood as the leading region in the oxygen flow meters market in the recent past. The substantial use of oxygen flow meters in the healthcare sector in China and emerging economies accounts for growth in the oxygen flow meters market of the region.
The increasing demand for clamp-type and plug-in oxygen flow meters for biotechnology and pharmaceutical sectors is expected to create new frontiers in the oxygen flow meters market of the region.
North America holds substantial market share in the oxygen flow meters market due to long-established use of specialty supporting medical equipment for treatment purpose.
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