Peak flow meter is a thermometer-like device for asthma patients. The device is used to measure the lungs function in the body. Peak flow meter is a portable device that measures the air flow or peak expiratory flow rate (PEFR) to determine the severity of asthma, monitor the treatment of chronic asthma, and provide information for any changes. The device also helps in detecting allergies in order to prevent severe asthma attack. However, peak flow meter needs extra care and cleaning procedure for asthma treatment and to prevent respiratory infection rate.

High prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and neurological diseases, high geriatric population with respiratory illness, growing research and development initiatives for asthma, are rising demand for diagnostic imaging devices are the major factors driving the global peak flow meter market. According to the World Health Organization, 235 million people currently suffer from asthma. It is most common among children. Growth in medication alternatives and funding from the associations (such as: the Global Alliance against Chronic Respiratory Diseases (GARD) association contributes to World Health Organization to work on prevention of diseases in order to prevent and control chronic respiratory diseases) is likely to fuel the overall peak flow meter market. High cost of treatment and innovation in drugs and devices such as inhalers are expected to hamper the growth of the peak flow meter market. 

The global peak flow meter market has been segmented based on product type, application, end-user, and region. In terms of product type, the market has been classified into low range meter and high range meter. The low range meter segment has been sub-segmented into Mini-Wright meters and assess meter. The high range meter segment has been categorized into Pulmo-graph meter and Wright Pocket meter. Based on application, the global peak flow meter market has been segmented into asthma, chronic obstructive pulmonary disease, and others. Asthma is a rapidly growing application segment because of increasing prevalence and incidence of respiratory diseases globally. According to the WHO, asthma accounted for an estimated 383,000 deaths in 2015. In terms of end-user, the peak flow meter market has been categorized into diagnostic laboratories, life sciences, and research & development. Geographically, the market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

North America dominates the global peak flow meter market due to high incidence of asthma, patient awareness, and high per capita health care expenditure. Early-phase diagnosis and treatment of disease are driving the medical biotechnology market which in turn is expected to augment the peak flow meter market in North America. According to the Asthma and Allergy Foundation of America, around 24 million people in the U.S. are affected with asthma, making it as one of the most common and costly disease in the region. Europe is the second largest market for peak flow meter due to favorable government policies regarding health care infrastructure and awareness programs. Rise in climatic changes which affect the geriatric population and children’s health causing asthma, common flu, etc. is also likely to propel the peak flow meter market in Europe region. The market in Asia Pacific is expected to grow at higher rate due to rising population, increase in mortality rate for asthma, changing lifestyle, rising awareness among patients, and increasing per capita expenditure. These factors contribute to the growth of the peak flow meter market in Asia Pacific.

Major players operating in the global peak flow meter market include Medline Industries, Inc., Becton, Dickinson and Company, Siemens Process Instrumentation, Hoffer Flow Controls, Inc., Esko Industries Limited, John C. Ernst Co., Inc., JSB Healthcare, and Koninklijke Philips N.V. among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

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10. What will be the barrier to entry for new players in the market?

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