Global oxygen flow meters market to hit $2.07b by 2032

Thanks to the demand for home oxygen therapy for chronic respiratory diseases.

The global oxygen flow meters market, valued $1.21b in 2023, is expected to reach $2.07b by 2032 at a compound annual growth rate of 6.18%, according to an SNS Insider report.

The sector’s expansion is attributed to the growing demand for home oxygen therapy for chronic respiratory diseases.

By application, the healthcare segment led the market in 2023 due to high demand in hospitals, clinics, and emergency care centres.

“Increasing cases of respiratory diseases, surgeries, and ICU admissions lead to demand for precise oxygen delivery,” the report said.

“Concurrently, global ICU and emergency care capacities are being developed, with accurate oxygen monitoring requirements,” it added.