Peak Flow Meter Market
Peak Flow Meter Market Analysis by Digital Meters and Mechanical Meters for Hospitals, Homecare Settings, Diagnostic Centers, and Clinics from 2024 to 2034
Analysis of Peak Flow Meter Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Peak Flow Meter Market Outlook (2024 to 2034)
Fact.MR, in its latest study, reveals that the global peak flow meter market size is valued at US$ 29.5 billion for 2024. Worldwide sales of peak flow meters are projected to rise at a CAGR of 4.3% and reach US$ 45 billion by 2034-end. Growing prevalence of COPD (chronic obstructive pulmonary diseases), asthma, and other lung disorders is predicted to boost demand for peak flow meters.
Constant monitoring of lung function is required in respiratory conditions, and peak flow meters are adopted as essential tools by healthcare providers for the assessment and management of these diseases. Patients are becoming aware of the contribution of asthma management tools for constant monitoring of their lung function.
Key Market Growth Drivers
- With a growing aging population, the chances of the prevalence of different respiratory diseases also increase. This demographic shift is predicted to contribute to the rising demand for lung function testing tools.
- Rising adoption of self-monitoring and home healthcare facilities is predicted to stimulate the demand for portable and user-friendly medical devices, including digital respiratory devices. Many patients prefer to monitor their lung function in home settings and share the data with healthcare providers to get further treatment.
Several environmental factors such as allergens and pollutants can exacerbate respiratory conditions. As a result, the increasing significance of these factors is projected to lead to a growing preference among individuals to monitor their lung function, ultimately contributing to the increased adoption of peak flow meters.
In recent years, people have been spending significantly on healthcare facilities, and therefore, more resources are allocated for the effective management of chronic conditions. This trend is predicted to result in the rising adoption of healthcare tools, including peak flow meters for the reduction of hospitalization costs and effective management of health in home settings.
Worldwide demand for peak flow meters is driven by the rising prevalence of respiratory diseases, increasing healthcare awareness, technological advancements, and the rising importance of self-monitoring and home healthcare facilities. Therefore, these healthcare tools are becoming essential for healthcare professionals and patients.
| Report Attributes | Details |
|---|---|
| Peak Flow Meter Market Size (2023A) | US$ 28.28 Billion |
| Estimated Market Value (2024E) | US$ 29.5 Billion |
| Forecasted Market Value (2034F) | US$ 45 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.3% CAGR |
| Key Asia Pacific Markets | India and China |
| North America Market Share (2023) | 41% |
| Key Companies Profiled | DeVilbiss Healthcare LLC; Vitalograph Ltd.; Koninklijke Philips N.V.; ResMed Inc.; Medline Industries Inc.; Haag-Streit Group; Hoffer Flow Controls, Inc.; JSB Health & Fitness Pvt. Ltd.; Dickinson & Company; Esko Industriesa; Becton |
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Why is Demand for Peak Flow Meters Increasing across Regions?
“Growing Respiratory Disorder Prevalence and Need for Regular Monitoring of Lung Function”
Rising prevalence of different types of respiratory diseases is predicted to serve as a compelling factor to drive sales of peak flow meters. Environmental pollutants, lifestyle changes, and allergens are creating an environment that is contributing to rising issues of respiratory disorders.
- In 2019, the World Health Organization (WHO) reported the presence of approximately 262 million individuals with asthma. Additionally, this respiratory disorder led to 461,000 deaths worldwide.
Increasing industrialization and urbanization contribute to the exposure of different pollutants resulting in increased respiratory diseases. Further, unhealthy dietary habits, increasing stress levels, and sedentary lifestyles are having a detrimental impact on the overall health of individuals.
Genetic factors are estimated to contribute to the development of different respiratory diseases. Families with a history of asthma or similar lung disorders are predicted to be affected by respiratory disorders more compared to others.
Given the rising prevalence of different respiratory diseases, there is a crucial requirement for regular monitoring of lung function as an essential practice for healthcare providers and patients. Peak flow meters are adopted as prominent tools in this respect. Their ability to track changes and assess lung function is contributing to increased demand.
“Increasing Focus on Preventive Care by Governing Bodies and Organizations”
Healthcare organizations and governments from numerous countries, around the world, are concentrating on preventive care strategies to minimize the burden of various respiratory disorders. Regular monitoring of a patient's lung function with the adoption of peak flow meters is predicted to help in the early detection of any sort of changes in airway function.
Peak flow meters help facilitate timely interventions along with the prevention of the spread of diseases. Therefore, they are recognized as crucial preventive care tools in the healthcare systems across regions.
What is Adversely Affecting the Demand Growth for Peak Flow Meters?
“Limited Stock of Peak Flow Meters and Lack of Product Awareness”
The limited stock as well as reduced awareness about peak flow meters in emerging economies is predicted to adversely impact their demand. In addition, result manipulation is also one of the prominent issues associated with these meters that can impede the economic expansion of the global market.
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What Initiatives Can Start-ups Take to Enhance Their Market Presence?
“Emphasis on Development of Smart Pocket Respiratory Monitoring Meters”
To enhance product efficiency, startups have the opportunity to invest in the development and improvement of peak flow meters. The development of smart pocket respiratory monitoring meters is crucial because of their accurate results. In addition, the easy operation and portability of peak flow meters are projected to open up lucrative opportunities for start-ups. Moreover, the feature of these newly developed meters to get easily connected to phones is also driving product demand.
Country-wise Insights
North America accounted for 41% of global peak flow meter market share in 2023.
- The Asthma and Allergy Foundation of America mentioned that growing cases of asthma make it one of the most expensive and common diseases across the United States.
Why is the United States Becoming a Regional Powerhouse in This Market?
“Rising Cases of Asthma and Robust Healthcare Reimbursement Systems”
Demand for peak flow meters is projected to increase in the United States on the back of the rising cases of asthma there. Therefore, peak flow meters are adopted as a significant part of regular healthcare practices in the country. Robust reimbursement systems, well-established healthcare systems, and the presence of some prominent players are some other key factors boosting demand for peak flow meters.
What’s Shaping the Demand for Peak Flow Meters in Asian Countries?
“Rising Government Initiatives Providing Easy Access to Peak Flow Meters in India and China”
India and China are estimated to contribute a considerable share of the regional market revenue collectively in 2034. Governments from these countries are taking initiatives to assist in gaining access to lung function testing meters. This can help patients to keep a track record of their lung function and in case of any alarming situation, medical assistance can be taken immediately. Moreover, growing awareness about respiratory health and rising healthcare expenditures are predicted to fuel peak flow meter market growth.
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Category-wise Insights
Digital peak flow meters are forecasted to occupy a leading market share in 2034, according to the study published by Fact.MR, a market research and competitive intelligence provider. The extensive adoption of digital meters in the healthcare sector is predicted to contribute to revenue streams. In addition, these digital healthcare devices allow self-monitoring facilities for patients with high efficiency compared to their mechanical counterparts.
Why are Mechanical Peak Flow Meters Ruling the Market?
“Affordability and Portability of Mechanical Peak Flow Meters Driving Product Sales”
The global market is classified into digital and mechanical meters, based on product. Demand for mechanical meters is predicted to contribute significantly to the global market growth due to their simple mechanism. In addition, the easy availability and affordability of mechanical meters compared to their digital counterparts are leading to their extensive application range among patients.
Popularity of mechanical peak flow meters is attributed to their long-term reliability and durability. Fewer electronic components of mechanical meters make them a preferred choice among patients who need devices for regular use as there are minimal chances of their malfunctioning.
Increasing inclination to mechanical meters is also owing to their lightweight and compact design, ensuring portability. This portability feature is pivotal for patients who need regular monitoring of their lung function.
Market Competition
Companies are implementing a range of strategies to fulfill diverse objectives, including the management of supply chain systems, ensuring product quality control, and fostering new developments. New launches, collaborations, etc., are some organic and inorganic strategies adopted by market players to expand their reach across geographies.
For instance :
- In May 2021, Medline acquired Hudson RCI, a well-recognized respiratory brand. This initiative by the company is predicted to contribute to the growth of the respiratory market to fight several respiratory diseases, including asthma.
- In March 2021, DKSH Holding entered into a partnership with Smart Respiratory Products to offer smart peak flow meters to asthmatic patients in Asia Pacific to monitor respiratory conditions while keeping a record of their health.
Prominent players in the peak flow meter market are DeVilbiss Healthcare LLC, Vitalograph Ltd., Koninklijke Philips N.V., ResMed Inc., Medline Industries Inc., Haag-Streit Group, Hoffer Flow Controls, Inc., JSB Health & Fitness Pvt. Ltd., Dickinson & Company, ESCO Industries, and Becton.
Segmentation of Peak Flow Meter Market Research
-
By Type :
- Digital Meters
- Mechanical Meters
-
By End User :
- Hospitals
- Homecare Settings
- Diagnostic Centers
- Clinics
-
By Region :
- North America
- Europe
- East Asia
- Latin America
- Middle East & Africa
- South Asia & Oceania
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Global Market (in Value or Size in US$ Mn) Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 6. Global Market - Pricing Analysis
- 7. Global Market Volume Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 8. Market Background
- 9. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type
- 9.1. Mechanical Peak Flow Meter
- 9.2. Digital Peak Flow Meters
- 10. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Application
- 10.1. Peak Expiratory Flow Measurement
- 10.2. Forced Expiratory Volume Measurement
- 11. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by End User
- 11.1. Hospitals
- 11.2. Clinics
- 11.3. Diagnostic Centers
- 11.4. Homecare Settings
- 12. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Europe
- 12.4. East Asia
- 12.5. South Asia
- 12.6. Oceania
- 12.7. Middle East and Africa (MEA)
- 13. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Latin America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 15. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 16. South Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 17. East Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 18. Oceania Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 19. Middle East and Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 20. Emerging Countries Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 21. Market Structure Analysis
- 22. Competition Analysis
- 22.1. DeVilbiss Healthcare LLC
- 22.2. Koninklijke Philips N.V.
- 22.3. Medline Industries Inc
- 22.4. nSpire Health Inc
- 22.5. Omron Healthcare Co Ltd
- 22.6. ResMed Inc.
- 22.7. Teleflex Inc
- 22.8. Vitalograph Ltd
- 22.9. Vyaire Medical Inc
- 22.10. Ambisea Technology
- 22.11. Contec Medical Systems
- 22.12. Galemed Corporation
- 22.13. Haag-Streit group
- 22.14. Microlife
- 22.15. Rossmax International Ltd
- 22.16. SHL Telemedicine
- 22.17. THOR Laboratories
- 22.18. Trudell Medical International
- 23. Assumptions and Acronyms Used
- 24. Research Methodology
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List Of Table
Table 01: North America Market Volume Analysis 2018 to 2023 and Forecast 2024 to 2034
Table 02: Latin America Market Volume Analysis 2018 to 2023 and Forecast 2024 to 2034
Table 03: Europe Market Volume Analysis 2018 to 2023 and Forecast 2024 to 2034
Table 04: East Asia Market Volume Analysis 2018 to 2023 and Forecast 2024 to 2034
Table 05: South Asia Market Volume Analysis 2018 to 2023 and Forecast 2024 to 2034
Table 06: Oceania Market Volume Analysis 2018 to 2023 and Forecast 2024 to 2034
Table 07: MEA Market Volume Analysis 2018 to 2023 and Forecast 2024 to 2034
Table 08: Global Market Volume Analysis 2018 to 2023 and Forecast 2024 to 2034
Table 09: Global Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type
Table 10: Global Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Application
Table 11: Global Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By End User
Table 12: Global Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Region
Table 13: North America Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 14: North America Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type
Table 15: North America Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Application
Table 16: North America Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By End User
Table 17: Latin America Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 18: Latin America Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type
Table 19: Latin America Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Application
Table 20: Latin America Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By End User
Table 21: Europe Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 22: Europe Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type
Table 23: Europe Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Application
Table 24: Europe Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By End User
Table 25: South Asia Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 26: South Asia Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type
Table 27: South Asia Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Application
Table 28: South Asia Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By End User
Table 29: East Asia Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 30: East Asia Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type
Table 31: East Asia Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Application
Table 32: East Asia Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By End User
Table 33: Oceania Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 34: Oceania Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type
Table 35: Oceania Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Application
Table 36: Oceania Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By End User
Table 37: MEA Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 38: MEA Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type
Table 39: MEA Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Application
Table 40: MEA Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By End User
Table 41: China Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type
Table 42: China Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, by Application
Table 43: China Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By End User
Table 44: India Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type
Table 45: India Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, by Application
Table 46: India Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By End User
Table 47: Brazil Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product Type
Table 48: Brazil Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, by Application
Table 49: Brazil Market Value (US$) Analysis 2018 to 2023 and Forecast 2024 to 2034, By End User
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List Of Figures
Figure 01: North America Market Install Base Analysis 2018 to 2023
Figure 02: Latin America Market Install Base Analysis 2018 to 2023
Figure 03: Europe Market Install Base Analysis 2018 to 2023
Figure 04: East Asia Market Install Base Analysis 2018 to 2023
Figure 05: South Asia Market Install Base Analysis 2018 to 2023
Figure 06: MEA Market Install Base Analysis 2018 to 2023
Figure 07: MEA Market Install Base Analysis 2018 to 2023
Figure 08: Global Market Install Base Analysis 2018 to 2023
Figure 09 : Global Market Value Analysis (US$ Mn), 2018 to 2023
Figure 10 : Global Market Value Forecast (US$ Mn), 2024 to 2034
Figure 11 : Global Devices Market Absolute $ Opportunity, 2024 to 2034
Figure 12: Global Mechanical Peak Flow Meter, Price Difference (US$) By Region, 2023
Figure 13: Global Digital Peak Flow Meter, Price Difference (US$) By Region, 2023
Figure 14: Global Market Share Analysis (%) By Product Type, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth (%) By Product Type, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis, By Product Type
Figure 17: Global Market Share Analysis (%) By Application, 2024 & 2034
Figure 18: Global Market Y-o-Y Growth (%) By Application, 2024 to 2034
Figure 19: Global Market Attractiveness Analysis, By Application
Figure 20: Global Market Share Analysis (%) By End User, 2024 & 2034
Figure 21: Global Market Y-o-Y Growth (%) By End User, 2024 to 2034
Figure 22: Global Market Attractiveness Analysis, By End User
Figure 23: Global Market Share Analysis (%) By Region, 2024 & 2034
Figure 24: Global Market Y-o-Y Growth (%) By Region, 2024 to 2034
Figure 25: Global Market Attractiveness Analysis, By Region
Figure 26: North America Market Value Share, by Country (2023)
Figure 27: North America Market Value Share, by Product Type (2023)
Figure 28: North America Market Value Share, by Application (2023)
Figure 29: North America Market Value Share, by End User (2023)
Figure 30: North America Market Attractiveness Analysis, By Country
Figure 31: North America Market Attractiveness Analysis, By Product Type
Figure 32: North America Market Attractiveness Analysis, By Application
Figure 33: North America Market Attractiveness Analysis, By End User
Figure 34: Latin America Market Value Share, by Country (2023)
Figure 35: Latin America Market Value Share, by Product Type (2023)
Figure 36: Latin America Market Value Share, by Application (2023)
Figure 37: Latin America Market Value Share, by End User (2023)
Figure 38: Latin America Market Attractiveness Analysis, By Country
Figure 39: Latin America Market Attractiveness Analysis, By Product Type
Figure 40: Latin America Market Attractiveness Analysis, By Application
Figure 41: Latin America Market Attractiveness Analysis, By End User
Figure 42: Europe Market Value Share, by Country (2023)
Figure 43: Europe Market Value Share, by Product Type (2023)
Figure 44: Europe Market Value Share, by Application (2023)
Figure 45: Europe Market Value Share, by End User (2023)
Figure 46: Europe Market Attractiveness Analysis, By Country
Figure 47: Europe Market Attractiveness Analysis, By Product Type
Figure 48: Europe Market Attractiveness Analysis, By Application
Figure 49: Europe Market Attractiveness Analysis, By End User
Figure 50: South Asia Market Value Share, by Country (2023)
Figure 51: South Asia Market Value Share, by Product Type (2023)
Figure 52: South Asia Market Value Share, by Application (2023)
Figure 53: South Asia Market Value Share, by End User (2023)
Figure 54: South Asia Market Attractiveness Analysis, By Country
Figure 55: South Asia Market Attractiveness Analysis, By Product Type
Figure 56: South Asia Market Attractiveness Analysis, By Application
Figure 57: South Asia Market Attractiveness Analysis, By End User
Figure 58: East Asia Market Value Share, by Country (2023)
Figure 59: East Asia Market Value Share, by Product Type (2023)
Figure 60: East Asia Market Value Share, by Application (2023)
Figure 61: East Asia Market Value Share, by End User (2023)
Figure 62: East Asia Market Attractiveness Analysis, By Country
Figure 63: East Asia Market Attractiveness Analysis, By Product Type
Figure 64: East Asia Market Attractiveness Analysis, By Application
Figure 65: East Asia Market Attractiveness Analysis, By End User
Figure 66: Oceania Market Value Share, by Country (2023)
Figure 67: Oceania Market Value Share, by Product Type (2023)
Figure 68: Oceania Market Value Share, by Application (2023)
Figure 69: Oceania Market Value Share, by End User (2023)
Figure 70: Oceania Market Attractiveness Analysis, By Country
Figure 71: Oceania Market Attractiveness Analysis, By Product Type
Figure 72: Oceania Market Attractiveness Analysis, By Application
Figure 73: Oceania Market Attractiveness Analysis, By End User
Figure 74: MEA Market Value Share, by Country (2023)
Figure 75: MEA Market Value Share, by Product Type (2023)
Figure 76: MEA Market Value Share, by Application (2023)
Figure 77: MEA Market Value Share, by End User (2023)
Figure 78: MEA Market Attractiveness Analysis, By Country
Figure 79: MEA Market Attractiveness Analysis, By Product Type
Figure 80: MEA Market Attractiveness Analysis, By Application
Figure 81: MEA Market Attractiveness Analysis, By End User
Figure 82: Global Market Value Proportion Analysis, By Emerging Countries, 2023
Figure 83: Market, Global Vs. Country Growth Y-o-Y (%) Comparison, 2024 to 2034
Figure 84: China Market Value Analysis (US$ Mn), 2018 to 2023
Figure 85: China Market Value Forecast (US$ Mn), 2024 to 2034
Figure 86: India Market Value Analysis (US$ Mn), 2018 to 2023
Figure 87: India Market Value Forecast (US$ Mn), 2024 to 2034
Figure 88: Brazil Market Value Analysis (US$ Mn), 2018 to 2023
Figure 89: Brazil Market Value Forecast (US$ Mn), 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What was the size of the peak flow meter market in 2023?
The global peak flow meter market was valued at US$ 28.28 billion in 2023.
What was the contribution of North America to the global sales of peak flow meters?
North America occupied 41% share of the global peak flow meter market in 2023.
How big is the peak flow meter market in 2024?
The market for peak flow meters is estimated at US$ 29.5 billion in 2024.
What is the forecasted valuation of the global market by 2034-end?
The global market is set to reach US$ 45 billion by the end of 2034.
At what rate is the demand for peak flow meters predicted to increase?
Worldwide demand for peak flow meters is forecasted to increase at a steady 4.3% CAGR through 2034.
Which are the prominent markets in the Asia Pacific region?
India and China are lucrative markets for peak flow meter manufacturers in Asia Pacific.
Peak Flow Meter Market