What is Peak Flow Meter?
The Canada peak flow meter market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Increasing adoption of digital flow meters and rising number of asthma & chronic disease patients worldwide are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a boost in growth during FY 2020 but also it is again expected to maintain a healthy pace after the COVID-19 pandemic is over.
The market study is broken down by Type (Mechanical and Digital), by Application (Peak Expiratory Flow Measurement and Forced Expiratory Volume Measurement) and major geographies with country level break-up.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Peak Flow Meter market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ambisea Technology (Hong Kong), Contec Medical Systems (China), DeVilbiss Healthcare LLC (United States), GaleMed Corporation (Taiwan), Haag-Streit Holding (Switzerland), Koninklijke Philips N.V. (Netherlands), Medline Industries Inc. (United States), Microlife Corporation (Taiwan), nSpire Health Inc (United States), Omron Healthcare Co Ltd (Japan), ResMed Inc. (United States), ROSSMAX INTERNATIONAL LTD (United States), SHL Telemedicine (Israel), Teleflex Incorporated (United States), Vitalograph Ltd (United Kingdom) and Vyaire Medical Inc (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Peak Flow Meter market by Type, Application and Region.
On the basis of geography, the market of Peak Flow Meter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales, the sub-segment i.e. Direct Sales will boost the Peak Flow Meter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Hospitals will boost the Peak Flow Meter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Stringent Government Regulations Regarding Lock-Down of Cities & Shutting Down of Operations Across Different Industries Across the World Due to the COVID-19 Pandemic is Impacting the Demand for Peak Flow Meter
Market Trend
- Introduction of Pocket Size Peak Flow Meters
Market Drivers
- Increasing Adoption of Digital Flow Meters
- Rising Number of Patients Worldwide
Opportunities
- The Growing Number of Asthma and Chronic Disease Patients is Expected to Create Opportunities During the Forecast Period
Restraints
- Rising Consumer Shift Towards Spirometer Over Peak Flow Meters
Challenges
Analyst View
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the Canadian safety inspection software market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.