Medical Gas Flow Meter Market Size, Share, Growth, Forecast and Outlook (2024-2031)

Global Medical Gas Flow Meter Market is Segmented By Product Type (Oxygen Flow Meter, Air Flow Meter, Nitrous Oxide Flow Meter), By Flow Range (0–3 lpm, 0–5 lpm, 0-10 lpm, 0–15 lpm, 0–30 lpm, Others), By Application (Oxygen therapy, Fluid suction, Anesthesia, NIV ventilation, Others), By End User (Hospitals and Clinics, Diagnostic and Research Labs, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Medical Gas Flow Meter Market Overview

Global Medical Gas Flow Meter Market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2030 growing at a CAGR of YY% during the forecast period 2024-2031. 

Medical gas flow meters measure the quantity of medical gases flowing from one end to the other used in healthcare facilities. It is a medical device for oxygen, air, and nitrous oxide for patients suffering from different conditions. 

Generally, patients with body abnormalities require medical gas to balance the vitals in the body. The flow meters are most commonly found on oxygen tanks and concentrators. These devices endure that adequate supply of medical gases during any medical procedure or oxygen therapy.

Medical Gas Flow Meter Market Scope

Medical Gas Flow Meter Market Dynamics: Drivers & Restraints

Increasing incidence of respiratory diseases among people

Oxygen is one of the vital gases required for survival and hence oxygen saturation is always measured during the checkup so that, clinicians can evaluate the necessity of oxygen for the patient. The right amount of gas should be flown into the patient's body and hence, medical flow meters are used. An increase in the prevalence of respiratory infections drives the medical gas flow meter market due to the increasing usage of medical gas flow meters in healthcare facilities like hospitals, ambulatory surgical centers, etc.

According to Health Metrics and Evaluation, 2023, chronic respiratory diseases are one of the leading causes of death worldwide. approximately 1 in 20 individuals suffer from a chronic respiratory disease that results from smoking, air pollution, etc. 

Furthermore, according to the World Health Organization, 2023, COPD is the third leading cause of death which led to 3.23 million deaths in 2019. More than 90% of COPD deaths under 70 years of age occurred in low- and middle-income countries (LMIC).

Accuracy and precision

A medical gas flow meter should supply a sufficient amount of medical gas to the patient based on the necessity. Accuracy and precision are two important things that have to be observed in a medical gas flow meter because based on the flow setting in the meter the amount of medical gas is released to the patient be it 0–3 lpm or even 0–30 lpm. A slight change in the flow rate changes the oxygen or any medical gas concentration in the patient's body which leads to complications.

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Medical Gas Flow Meter Market Segmentation

The global medical gas flow meter market is segmented based on product type, flow range, application, end user and region.

The Oxygen Flow Meters segment accounted for approximately 38.9% of the market share

Oxygen flow meters are expected to hold the largest segment of the market due to increased usage by hospitals and diagnostic laboratories. Launch of the product and key market developments drive the medical gas flow meter market.  For instance, in February 2023, HERSILL launched its OXYLL 70 L/min Oxygen Flow meter used for high-flow oxygen therapy, along with active humidification equipment that is used for patients suffering from COVID-19.

In Sep 2022, Responsive Respiratory, a manufacturer of high-pressure oxygen products announced its partnership agreement with Boost Oxygen, a provider of products related to respiratory support. With this agreement, RRI will distribute Boost Oxygen products.

Medical Gas Flow Meter Market Geographical Analysis

North America is Expected to Dominate the Global Market

North America is expected to hold the largest share of the market due to the rising cases of chronic respiratory infection after COVID-19 in the US. For instance, according to the American Red Cross, 2024, respiratory illnesses are on the rise across the U.S. and the Centers for Disease Control and Prevention (CDC) reported in December 2023, that there were more than 29,000 patients admitted to hospitals with COVID-19, about 15,000 admitted with the flu and thousands more with RSV. 

COVID-19 Impact Analysis

COVID-19 created a surge in the market due to the increased oxygen demand during the pandemic. The need for medical gas flow meters increased as more and more people required oxygen who contracted the infection. To meet the demands of the people requiring oxygen, ventilators are arranged in every hospital, and flow meters are essential for the proper working of ventilators. This surged the demand for medical gas flow meters in hospitals during the peak of the covid 19.

Competitive Landscape

The major global players in the medical gas flow meter market include MEC Medical Ltd, HERSILL, Oxyone Medical Devices, Resuscitations Private Limited, AMCAREMED TECHNOLOGY CO., LIMITED, Behringer s.r.l, Randall Medical Technologies Private Limited, Skyfavour medical, Penlon, Genstar Technologies Co., Inc. among others.

Why Purchase the Report?

• To visualize the global medical gas flow meter market segmentation based on product type, flow range, application, end-user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of medical gas flow meter market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global medical gas flow meter market report would provide approximately 65 tables, 72 figures, and 195 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies