The Latin America, Middle East and Africa Oxygen Flow Meters Market would witness market growth of 8% CAGR during the forecast period (2021-2027).
Industrial uses of oxygen flow meter are many, due to which they are highly required in these industries. Moreover, various technological developments in the field of medical devices are expected to create lucrative growth opportunities for the players operating in the global oxygen flow meters market during the forecast period. Additionally, the accessibility of latest products and a large number of unfulfilled requirements in emerging and under-developed countries would fuel the growth of the market during the forecast period.
Various medical facilities have been deploying traditional procedures of consuming gases like cylinders (through which the supply of gas occurs), which resulted in a huge operational cost and minimized tracking of utilization and consumption of gases. Therefore, these medical facilities are expected to create the demand for oxygen flow meters in the forecasting period.
These meters have various benefits, such as reducing the possibilities of clogging and the 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.
Oxygen acts as essential fuel for the proper functioning of different organs of human beings. However, oxygen supply can become unstable at times, thereby causing failure to organs and resulting in a deadly ending. An oxygen flow meter is considered as extremely useful equipment that has the capability to control the flow of oxygen inside the human body. Hence, the COVID-19 pandemic has accelerated the demand & growth of the oxygen flow meters market and a similar trend is likely to prevail even during the forecast period. Additionally, in regions like Africa and Middle East, the increasing demand for medical oxygen for the treatment of COVID-19 patients expands the already present gaps in medical oxygen supplied, resulting in the higher demand for concentrators, ventilators, and flow meters.
The Plug-in Type market dominated the South Africa Oxygen Flow Meters Market by Type 2020, thereby, achieving a market value of $7.3 million by 2027. The Double Flange Type market is estimated to grow at a CAGR of 9.2% during (2021 - 2027). Additionally, The Others market is expected to witness a CAGR of 9.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Oxygen Flow Meters Market is Predict to reach $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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