Peak flow meters referred as the medical devices used for asthma patients. These are classified into two types such as electronic meter and mechanical meter. These devices are used to measure the lungs function in the patient’s body.The Growing Prevalence of Respiratory Diseases Like COPD (Chronic Obstructive Pulmonary Diseases), Asthma, and Neurological Diseases is expected to boost the market growth.
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The increase in prevalence of respiratory diseases like COPD (Chronic Obstructive Pulmonary Diseases), asthma, and neurological diseases is expected to boost the global peak flow meter market growth over the forecast period. For instance, in 2014, as per the information provided by Canadian Lung Association (CLA), approximately 2.5 million people in Canada suffered from asthma, including 1 million males and 1.4 million females. Also, in 2017, according to the WHO (World Health Organization), around 235 million people suffered from the asthma which is a major non-communicable disease.
Key players covered as a part of this study include Vyaire Medical, Omron, Microlife, Vitalograph, Trudell Medical International, DeVilbiss Healthcare, GaleMed Corporation, Rossmax International, SHL Telemedicine, Fyne Dynamics, etc.
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The Global Peak Flow Meters Market is segmented into product type such as Electronic Meter and Mechanical Meter. Electronic meter is expected to hold largest market share during this forecast period. These are easily adaptable and easy to operate. Further, market is segmented into application such as Asthma, Chronic Obstructive Pulmonary Disease, and Others. Asthma is a fastest growing segment, owing to the increase in prevalence as well as incidence of respiratory diseases across the globe.
Regional segmentation of the global peak flow meters market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
North America is expected to witness significant growth over the forecast period in the global peak flow meters market. Due to the increase in aging population, high incidence of asthma, patient awareness, and high per capita health care expenditure. For instance, according to the Asthma and Allergy Foundation of America, approximately 24 million people in the United States are affected with asthma, making it as one of the most common & costly disease in the region. Europe is also expected to witness growth in the global peak flow meters market owing to the favorable government policies regarding health care infrastructure & awareness programs. The market in APAC is expected to grow at higher rate due to increase in population, rise in mortality rate for asthma, changing lifestyle, growing awareness among patients, and increasing per capita expenditure.
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