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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;

  • HERSILL
  • Penlon
  • 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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Oxygen Flow Meters Market

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