diff --git a/src/OpenTelemetry.Instrumentation.Process/MeterProviderBuilderExtensions.cs b/src/OpenTelemetry.Instrumentation.Process/MeterProviderBuilderExtensions.cs
index 516945ebd1..223808b4a4 100644
--- a/src/OpenTelemetry.Instrumentation.Process/MeterProviderBuilderExtensions.cs
+++ b/src/OpenTelemetry.Instrumentation.Process/MeterProviderBuilderExtensions.cs
@@ -41,7 +41,7 @@ public static MeterProviderBuilder AddProcessInstrumentation(
         configure?.Invoke(options);
 
         var instrumentation = new ProcessMetrics(options);
-        builder.AddMeter(ProcessMetrics.MeterInstance.Name);
+        builder.AddMeter(instrumentation.MeterInstance.Name);
         return builder.AddInstrumentation(() => instrumentation);
     }
 }
diff --git a/src/OpenTelemetry.Instrumentation.Process/ProcessMetrics.cs b/src/OpenTelemetry.Instrumentation.Process/ProcessMetrics.cs
index 563ff11452..f4e1c74283 100644
--- a/src/OpenTelemetry.Instrumentation.Process/ProcessMetrics.cs
+++ b/src/OpenTelemetry.Instrumentation.Process/ProcessMetrics.cs
@@ -20,42 +20,56 @@
 
 namespace OpenTelemetry.Instrumentation.Process;
 
-internal class ProcessMetrics
+internal sealed class ProcessMetrics
 {
     internal static readonly AssemblyName AssemblyName = typeof(ProcessMetrics).Assembly.GetName();
-    internal static readonly Meter MeterInstance = new(AssemblyName.Name, AssemblyName.Version.ToString());
-    private static readonly Diagnostics.Process CurrentProcess = Diagnostics.Process.GetCurrentProcess();
+    internal readonly Meter MeterInstance = new(AssemblyName.Name, AssemblyName.Version.ToString());
 
-    static ProcessMetrics()
+    private readonly Diagnostics.Process currentProcess = Diagnostics.Process.GetCurrentProcess();
+    private double? memoryUsage;
+    private double? virtualMemoryUsage;
+
+    public ProcessMetrics(ProcessInstrumentationOptions options)
     {
         // TODO: change to ObservableUpDownCounter
-        MeterInstance.CreateObservableGauge(
+        this.MeterInstance.CreateObservableGauge(
             "process.memory.usage",
             () =>
             {
-                CurrentProcess.Refresh();
-                return CurrentProcess.WorkingSet64;
+                if (!this.memoryUsage.HasValue)
+                {
+                    this.Snapshot();
+                }
+
+                var value = this.memoryUsage.Value;
+                this.memoryUsage = null;
+                return value;
             },
             unit: "By",
-            description: "The amount of physical memory in use.");
+            description: "The amount of physical memory allocated for this process.");
 
         // TODO: change to ObservableUpDownCounter
-        MeterInstance.CreateObservableGauge(
+        this.MeterInstance.CreateObservableGauge(
             "process.memory.virtual",
             () =>
             {
-                CurrentProcess.Refresh();
-                return CurrentProcess.VirtualMemorySize64;
+                if (!this.virtualMemoryUsage.HasValue)
+                {
+                    this.Snapshot();
+                }
+
+                var value = this.virtualMemoryUsage.Value;
+                this.virtualMemoryUsage = null;
+                return value;
             },
             unit: "By",
-            description: "The amount of committed virtual memory.");
+            description: "The amount of virtual memory allocated for this process that cannot be shared with other processes.");
     }
 
-    /// <summary>
-    /// Initializes a new instance of the <see cref="ProcessMetrics"/> class.
-    /// </summary>
-    /// <param name="options">The options to define the metrics.</param>
-    public ProcessMetrics(ProcessInstrumentationOptions options)
+    private void Snapshot()
     {
+        this.currentProcess.Refresh();
+        this.memoryUsage = this.currentProcess.WorkingSet64;
+        this.virtualMemoryUsage = this.currentProcess.PrivateMemorySize64;
     }
 }
diff --git a/test/OpenTelemetry.Instrumentation.Process.Tests/ProcessMetricsTests.cs b/test/OpenTelemetry.Instrumentation.Process.Tests/ProcessMetricsTests.cs
index e227506a81..7adc9fa789 100644
--- a/test/OpenTelemetry.Instrumentation.Process.Tests/ProcessMetricsTests.cs
+++ b/test/OpenTelemetry.Instrumentation.Process.Tests/ProcessMetricsTests.cs
@@ -15,6 +15,7 @@
 // </copyright>
 
 using System.Collections.Generic;
+using System.Diagnostics.Metrics;
 using System.Linq;
 using OpenTelemetry.Metrics;
 using Xunit;
@@ -42,4 +43,50 @@ public void ProcessMetricsAreCaptured()
         var virtualMemoryMetric = exportedItems.FirstOrDefault(i => i.Name == "process.memory.virtual");
         Assert.NotNull(virtualMemoryMetric);
     }
+
+    [Fact]
+    public void CheckValidGaugeValueWhen2MeterProviderInstancesHaveTheSameMeterName()
+    {
+        var exportedItemsA = new List<Metric>();
+        var exportedItemsB = new List<Metric>();
+
+        using var meterProviderA = Sdk.CreateMeterProviderBuilder()
+            .AddProcessInstrumentation()
+            .AddInMemoryExporter(exportedItemsA)
+            .Build();
+
+        using var meterProviderB = Sdk.CreateMeterProviderBuilder()
+            .AddProcessInstrumentation()
+            .AddInMemoryExporter(exportedItemsB)
+            .Build();
+
+        meterProviderA.ForceFlush(MaxTimeToAllowForFlush);
+        meterProviderB.ForceFlush(MaxTimeToAllowForFlush);
+
+        var metricA = exportedItemsA.FirstOrDefault(i => i.Name == "process.memory.usage");
+        var metricB = exportedItemsB.FirstOrDefault(i => i.Name == "process.memory.usage");
+
+        Assert.True(GetValue(metricA) > 0);
+        Assert.True(GetValue(metricB) > 0);
+    }
+
+    private static double GetValue(Metric metric)
+    {
+        Assert.NotNull(metric);
+        double sum = 0;
+
+        foreach (ref readonly var metricPoint in metric.GetMetricPoints())
+        {
+            if (metric.MetricType.IsGauge())
+            {
+                sum += metricPoint.GetGaugeLastValueDouble();
+            }
+            else if (metric.MetricType.IsDouble())
+            {
+                sum += metricPoint.GetSumDouble();
+            }
+        }
+
+        return sum;
+    }
 }