Peak Flow Meters Market Size, Share, Growth, Forecast and Outlook (2024-2031)

Global Peak Flow Meters Market is segmented By Type (Digital Peak Flow Meter, Mechanical Peak Flow Meter) By Range (450-550 L /min, 320-470 L/min) By Indication (Chronic Obstructive Pulmonary Disease (COPD), Asthma, Others) By End-User (Hospitals, Specialty Clinics, Homecare Settings) and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Market Overview

Global Peak Flow Meters market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing at a CAGR of YY% during the forecast period 2024-2031.

Peak flow meters are small, affordable, handheld devices that evaluate how well an individual can expel air from the lungs. Peak flow meters measure the amount of air that is forced out of the lungs and come in two ranges. Peak flow meters can be used to monitor the lungs' condition over time. The effectiveness of the lungs determines how much air can be exhaled.

Market Scope

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Market Dynamics: Drivers & Restraints

Increasing prevalence of respiratory diseases 

The increase in the prevalence of respiratory diseases such as COPD, and asthma among others increases the demand for peak flow meters. For instance, according to the American Lung Association in 2022, in US about 11.7 million people, or 4.6% of adults, reported a diagnosis of COPD (chronic obstructive pulmonary disease, chronic bronchitis, or emphysema).

Additionally, according to the article by the American College of Allergy, Asthma & Immunology in 2023, about 7.7% of Americans have asthma. Of these roughly 24.9 million, 20.2 million are adults and 4.6 million are children. Asthma prevalence is higher in adults (8.0 percent) than in children (6.5 percent), and higher in females (9.7 percent) than males (6.2 percent). Thus, the increase in the prevalence of respiratory diseases is expected to drive the market growth.

High cost of the devices

Digital peak flow meters continue to cost more than their mechanical counterparts, even with recent developments. This may reduce their accessibility, especially for customers on a tight budget or without adequate insurance. Thus, the above factors are expected to hinder the market growth 

Segment Analysis

The global peak flow meters market is segmented based on type, range, indication, end-user and region.

The Digital Peak Flow Meter segment is expected to dominate the market growth

Increase in technological advancements is expected to hold the segment in the dominant position and the increase in the advanced device launches and approvals also acts as factors that drive the segment growth.

Additionally, in September 2023, Alveofit received approval from the US Food and Drug Administration (FDA) for its portable digital spirometer, alveoair. Thus, the above factors are expected to hold the segment in the dominant position in the forecast period.

Geographical Analysis

North America is expected to hold a significant position in the peak flow meters market share

The increase in the prevalence of respiratory diseases in the region and the presence of a large number of medical device manufacturing companies are expected to hold the region in the dominant position in the market share.  The growing awareness of respiratory diseases and the management of health conditions and the increase in the launches of advanced devices are also expected to drive the market in the region. 

For instance, in April 2023, Remote patient monitoring (RPM) solutions leader Tenovi launched its remote Peak Expiratory Flow Meter (PFM). When combined with Tenovi’s Cellular Gateway, the device allows patients with asthma to transmit peak expiratory flow rate (PEF) and 1-second forced expiratory volume (FEV1) readings instantly to clinicians. Thus, the above factors are expected to hold the region in the dominant position.

COVID-19 Impact Analysis

COVID-19 has a positive impact on the peak flow meters market growth. The increase in the patients with COVID-19 has increased the awareness among individuals regarding respiratory problems which has increased the demand for peak flow meters. As the pandemic has led to the shutdown of hospitals, patients with COPD, asthma and other diseases used the peak flow meters as an important device for diagnosing lung activity.

Competitive Landscape

The major global players in the market include Thermo Fisher Scientific Inc., Koninklijke Philips N.V., Rossmax International, B-Arm Medical, Sanrai IND, DS Medical., Henrotech NV, Flexicare Limited, Ecomed and Tri-Anim Health Services, Inc. among others.

Why Purchase the Report?

• To visualize the global peak flow meters market segmentation based on type, range, indication, distribution channel and region as well as understand key commercial assets and players.
• identify commercial opportunities by analyzing trends and co-development. 
• excel data sheet with numerous data points of peak flow meters market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global peak flow meters market report would provide approximately 53 tables, 49 figures and 182 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies