The most recent study conducted by Report Ocean, titled “Global Oxygen Flow Meters Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Oxygen Flow Meters. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Oxygen Flow Meters Market to reach USD 1.52 billion by 2027.Global Oxygen Flow Meters Market is valued at approximately USD 1.01 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.00 % over the forecast period 2021-2027. Oxygen flow meters is an instrument mainly used to regulate the flow of oxygen, oxygen humidification. Also, its performance is accurate and reliable and directly affect the patient’s personal safety. Increasing investments in Hospital infrastructure, mergers and acquisitions between the companies have led to the adoption of Oxygen flow meters across the forecast period.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
For Instance: In Aug-2021: Precision Medical Products signed an agreement to acquire two companies Vena Group and Innovamed Health LLC. Also, with the booming global healthcare industry, the adoption & demand for Oxygen flow meters is likely to increase the market growth during the forecast period. However, technical glitches impede the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Oxygen flow meters market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to the increase in health-related problems due to climate change. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as increasing pharmaceutical and biotechnology management would create lucrative growth prospects for the Oxygen flow meters market across Asia-Pacific region.
Major market players included in this report are:
Penlon (BPL Medical Technologies)
DZ Medicale
Dwyer Instruments LTD
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Ohio Medical
Precision Medical
HERSILL
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Healthcare
Industrial
Aerospace
Chemical
Others
By Type:
Plug-in Type
Double Flange Type
Others
By Region:
North America
U.S.
Canada
Europe
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UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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