The Asia Pacific Oxygen Flow Meters Market would witness market growth of 5.5% CAGR during the forecast period (2021-2027).
The Oxygen flow meters have witnessed a surge in their demand in the last couple of years, as they can decrease the operational costs. These meters have various benefits, such as reducing the possibilities of clogging and lowest level of obstruction to gas flow. It can also detect leakage inside the gas line, medical gas resource, and safety vent. Therefore, the booming global healthcare industry is witnessing massive demand for oxygen flow meters. Moreover, the deployment of O2 flow meters is expected to gain high popularity in other sectors as well, including aerospace and chemical.
Oxygen flow meters play a major role in various critical conditions, thereby propelling the product demand significantly. Due to this, many pharmaceutical organizations faced a high pressure to provide oxygen supplies, like oxygen flow meters for these diseases. An increasing number of patients with chronic respiratory diseases combined with the surge in the awareness in terms of their treatment procedures are expected to create new growth avenues for the oxygen flow meters market in the forthcoming years. In APAC region, the demand for oxygen is constantly increasing in different sectors such as pharmaceutical and biotechnology, offering a competitive advantage to makers that are aiming to acquire new consumer.
The surge in the number of healthcare establishments across various countries of this region is likely to bolster the growth of the market during the forecasting period. The increasing need for oxygen due to various respiratory diseases has boosted the demand & growth of the oxygen flow meters in the last couple of years.
Region players are more willing to launch innovative products in order to cater to the rising demand for oxygen across different countries. The growth of the regional oxygen flow meters market is expected to be boosted by the surge in demand for oxygen flow rate measurement in healthcare applications around the world.
The China market dominated the Asia Pacific Oxygen Flow Meters Double Flange Type Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $46.3 million by 2027. The Japan market is exhibiting a CAGR of 5.3% during (2021 - 2027). Additionally, The India market is anticipated to witness a CAGR of 6.5% during (2021 - 2027).
Based on Type, the market is segmented into Plug-in Type, Double Flange Type and Others. Based on Application, the market is segmented into Healthcare, Industrial, Aerospace, Chemical, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Oxygen Flow Meters Market is Projected to reach USD 1.5 billion by 2027, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dwyer Instruments LTD. (Arcline Investment Management), HERSILL Ohio Medical (Tenex Capital Management), Precision Medical, Inc., Penlon (BPL Medical Technologies), DZ Medicale, Burak Metering, Megasan Medical, SHANGHAI AMCAREMED TECHNOLOGY Co., LIMITED, and Heyer Medical (AEONMED Group).
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