According to the research report titled ‘Global Oxygen Flow Meters Market Size study, by Application (Healthcare, Industrial, Aerospace, Chemical, Others), By Type (Plug-in Type, Double Flange Type, Others) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global oxygen flow meters market valuation accounted for USD 1.01 billion in 2020 and is expected to reach USD 1.52 billion in 2027, recording a whopping 6% CAGR over the forecast period.
 

Increasing investments towards improving hospital infrastructure coupled with rising number of mergers and acquisitions are fueling the growth of global oxygen flow meters market. Furthermore, booming global healthcare sector has also boosted the demand for the product is expected to grow as well during the projection period.
 

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Notably, oxygen flow meters are instruments that are primarily used to regulate the flow of oxygen and humidification. Besides this, the product’s performance is known to be accurate and dependable, directly improving the patient's safety.
 

Rising concerns regarding the product’s technical issues, however, could stymie the overall industry growth during the study period.
 

Moving on to the segmental analysis, global oxygen flow meters market is fragmented based on type and application range. By type, the industry is classified into the double flange type, plug-in type, and others. In terms of application scope, the market is divided into chemical, aerospace, industrial, healthcare, and others.
 

The geographical analysis of worldwide oxygen flow meters industry involves Europe, North America, Asia-Pacific, Latin America, and the rest of the world with key emphasis on countries like Germany, France, Italy, Spain, the U.K, the U.S, Canada, India, China, Japan, Australia, South Korea, Brazil, and Mexico.
 

North America is predicted to hold the largest market share by the end of the forecast period, primarily driven by increasing number of climate change-induced health-related problems.
 

On the other hand, Asia-Pacific industry is expected to record significant growth between 2021 and 2027. Factors such as growing popularity of pharmaceutical and biotechnology management would create lucrative growth opportunities for the market participants in Asia-Pacific.
 

The major companies operating global oxygen flow meters industry are HERSILL, Precision Medical Inc., Ohio Medical Corporation, Dwyer Instruments Ltd., DZ Medicale s.r.l., and BPL Medical Technologies Private Ltd.