Fact.MR – A Market Research and Competitive Intelligence Provider: The global peak flow meter market size is projected to surpass US$ 26 Mn, exhibiting growth at over 2% CAGR during the forecast period from 2019 to 2029, predicts Fact.MR.
Peak Flow Meter Market Demand to Gain Traction from Rising Prevalence of Asthma and COPD
In its latest report, Fact.MR provides an assessment of numerous dynamics shaping the growth of the peak flow meter market across leading segments including product type, application, end-user, and region. In addition, it offers in-depth information about key players setting short- and long-term strategic plans to gain competitive edge in the market.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global peak flow meter market size is projected to surpass US$ 26 Mn, exhibiting growth at over 2% CAGR during the forecast period from 2019 to 2029, predicts Fact.MR. Increasing demand for digital peak flow meters owing to their ability to provide accurate results is anticipated to propel the market in the near future.
Peak flow meters are easy-to-use, portable devices used to measure how well air flows out of one’s lungs. These are very beneficial for young children who cannot communicate about breathing trouble, as well as for adults suffering from asthma.
As per Fact.MR, increasing cases of asthma and Chronic Obstructive Pulmonary Disease (COPD), especially among geriatric population is expected to fuel the demand for peak flow meters. Additionally, increasing healthcare awareness, rising disposable income, and high rate of smoking are some of the factors anticipated to drive the market over the forthcoming years.
World Health Organization (WHO) stated that in 2019, around 262 million people were affected by asthma and it caused 461000 deaths worldwide. Besides, asthma is considered to be the most common chronic disease among children. Hence, demand for peak flow meters is expected to rise considerably over the coming years.
Want A Detailed Understanding of Market Functioning? Request for a Sample Here
https://www.factmr.com/connectus/sample?flag=S&rep_id=4099
Further, rising number of awareness programs conducted by governments of numerous countries to educate the public about respiratory diseases is also set to aid the growth in the market.
“Increasing usage of social media platforms to advertise innovative peak flow meters is projected to spur the demand. In addition, integration of novel technologies, such as artificial intelligence in these meters is anticipated to drive the market,” says a Fact.MR analyst.
Key Takeaways:
- Based on product type, the digital peak flow meter segment is likely to hold the lion’s share owing to its highly efficient monitoring capability.
- In terms of region, North America is anticipated to account for the largest revenue share because of the rising prevalence of COPD in the U.S.
- Europe is set to generate the second-largest market share because of the increasing availability of cost-effective peak flow meters across the U.K. and Germany.
- India and China peak flow meter market are projected to, collectively, hold considerable market share on the back of surging government initiatives to help gain access to peak flow meters.
Growth Drivers:
- Increasing digitization and easy availability of digital peak flow meters across emerging economies such as South Korea and Japan are expected to propel the growth in this market.
- High demand for pocket peak flow meters owing to their simplicity, compact size, and easy usage is anticipated to drive the growth.
- Rising mortality rate of asthma and COPD is likely to propel the growth in peak flow meter market.
Restraints:
- Replacement of peak flow meters with spirometers may hinder the growth in the global market.
- Manipulation of results associated with these meters and their lack of availability in the emerging countries such as Brazil and Indonesia may limit the growth in this market.
To gain in-depth insights on Peak Flow Meter Market, request methodology at
https://www.factmr.com/connectus/sample?flag=RM&rep_id=4099
Competitive Landscape
The global peak flow meter market is highly consolidated with the presence of top players, such as DeVilbiss Healthcare LLC, Koninklijke Philips N.V., Vitalograph Ltd., ResMed Inc., Haag-Streit group, and Medline Industries Inc. They are collectively expected to hold around 60% of the market share.
These players are focusing on new product launches and creating awareness programs through social media to attract more customers. Meanwhile, some of the other players are engaging in collaborations and acquisitions to strengthen their positions in the market.
For instance,
- March 2021: DKSH Holding, a leading provider of market expansion services headquartered in Switzerland, joined hands with Smart Respiratory Products Ltd. This partnership would enable DKSH to provide Smart Peak Flow to asthmatic patients in Asia for monitoring their respiratory condition and keeping track of their health.
- February 2019: Smart Respiratory Products Ltd., a renowned medical technology company based in the U.K., launched its latest CE-certified asthma detector named Smart Peak Flow (SPF). It can be plugged in the user’s smartphone through a headphone jack. When connected, blowing full force into the mouthpiece enables the paired app and sensors to record the user’s lung function. It can also predict a potential attack seven days in advance.
Key Players in the Peak Flow Meter Market Include:
- DeVilbiss Healthcare LLC
- Koninklijke Philips N.V.
- Vitalograph Ltd.
- ResMed Inc.
- Haag-Streit Group
- Medline Industries Inc.
- Rossmax International
- Fyne Dynamics
- GaleMed Corporation
- GM Instruments
- SHL Telemedicine
- Trudell Medical International
More Valuable Insights on Peak Flow Meter Market
Fact.MR provides an unbiased analysis of the peak flow meter market, presenting historical demand data (2013-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the global peak flow meter market with a detailed segmentation on the basis of:
Product Type
- Mechanical Peak Flow Meter
- Digital Peak Flow Meter
Application
- Peak Expiratory Flow Measurement
- Forced Expiratory Volume Measurement
End-User
- Hospitals
- Clinics
- Diagnostic Centers
- Homecare Settings
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
Key Questions Covered in Peak Flow Meter Market Report
- The report offers insight into the peak flow meter market demand outlook for 2019-2029.
- The market study also highlights projected sales growth for peak flow meter market between 2019 and 2029.
- Peak flow meter market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
- Peak flow meter market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.
Explore Fact.MR’s Coverage on the Healthcare Domain –
Breathalyzer Market Analysis - The need for breathalyzers has been steadily increasing as the number of people abusing alcohol has increased. Various governments have enacted strict legislation to reduce the number of traffic accidents and assure traffic flow, which is likely to increase demand for drug abuse detection breathalyzers, remote breathalyzers, and point-of-care breathalyzers. Alcohol breathalyzers are also used to diagnose asthma, TB, and pylori infection, in addition to detecting alcohol.
Asthma Spacers Market Forecast- Increasing demand for asthma spacers to improve aerosolized medicine administration is likely to propel the market forward throughout the forecast period. Furthermore, several government and healthcare-related programs to raise awareness about respiratory disorders and associated preventive and therapeutic measures are having a beneficial impact on the demand for spacers. As a result of an enlarged asthma patient pool and highly sophisticated healthcare infrastructure, North America is leading the asthma spacers industry.
Indirect Calorimeter Market Insights - This is one of the few markets that has benefited from the COVID-19 outbreak. Indirect calorimeters, particularly standalone calorimeters for critical care units, have seen a considerable increase in demand in hospitals. Portable calorimeters, on the other hand, have experienced an increase in demand from research institutes as a result of key businesses in this market's increased interest in R&D. Because of the cost effectiveness and comfort element of these devices, the market for indirect calorimeters is predicted to rise rapidly, owing to advancements in technology.
About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology to even the most niche categories. 80% of Fortune 1000's trust us in critical decision making.
MarketNgage is powered by Fact.MR – our Unified Intelligence Engine, a revolutionary Market Research Subscription platform with a flexible pricing to suit your needs.
You can access all our healthcare research reports by signing up with MarketNgage’s Market Research Subscription with FREE credits. MarketNgage is powered by Fact.MR – A Fully integrated research solution for seamless single-window access Widest coverage on emerging markets, nascent products, and disruptive technologies.
Contact:
Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com