Oxygen Flow Meters Market is expected to expand at a CAGR of 5.9% from 2021 to 2028.
Oxygen Flow Meters Industry Overview The global oxygen flow meters market size was valued at USD 1.0 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2021 to 2028. The escalating demand for oxygen flow rate measurement in healthcare applications across the globe is expected to propel the market growth in the forthcoming years. An O2 flow meter measures the flow of oxygen from an oxygen-dispensing unit to the oxygen user. It can be a standalone device or attached to a part of an oxygen tank that measures the flow from a gas concentrator or a gas tank. Besides, these meters indicate if the oxygen is unfit for use or a line has blockage. One of the most significant expenditures in most hospitals is the cost of producing or purchasing various medical gases, such as oxygen, medical air, nitrous oxide, and nitrogen. For a long time, several medical facilities have been using conventional methods for consuming gases such ...