China Respiratory Devices Market Analysis

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  • Type: Therapeutics Area
  • Published : April 2021
  • Region: Asia
  • Country: China
  • Report ID : 1518

  • Format: PPT, PDF

China Respiratory Devices Market: Segmented by Diagnostics and Monitoring Devices (Spirometers, Sleep Test Devices, Peak Flow Meters, Pulse Oximeters, Capnographs, Other Diagnostic and Monitoring Devices) and by Disposables (Masks, Breathing Circuits and Others) – Growth, Trends, and Forecasts (2019 – 2028)

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Report Overview

The China Respiratory devices market size stood at around USD XX billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of 12.5% during the forecast period.

Chronic obstructive pulmonary disease (COPD) is becoming a leading cause of morbidity and mortality in China, with tobacco smoking, biomass fuel use, and genetic susceptibility being the major risk factors. COPD poses a high economic burden with the total expenditure per patient costing 40% and nearly one-third of an average family income in urban and rural areas of China, respectively. Despite being a common, preventable, and treatable disease, COPD is the fifth leading cause of death in China. The prevalence of COPD varies among geographic regions of China between 5 and 13%, with a reported prevalence of 8.2% among people aged ≥40 years.

Market Drivers

The major factors driving the growth of respiratory device market in China are high prevalence of respiratory diseases in China, the continuation of the economic and demographic trend, technological advancements, and increasing application of in-home care settings. The chronic respiratory diseases are the second most leading cause of death in China. Almost 50% of men in China smoke whereas the rates are significantly low among women. Chronic obstructive pulmonary disease (COPD) is found to be widespread in China with almost 100 million people suffering from chronic lung disease. The biggest preventable risk factors for the disease are cigarette smoking and air pollution and thus there are public-health priorities in China to reduce COPD-related diseases and deaths. Hence all these factors are expected to drive the overall market in China.

1. China Respiratory Devices Market Overview…………………………………………..
A. Market Size
2. Market Growth Drivers………………………………………………………………………………
A. Increasing prevalence of respiratory diseases
B. Increasing application of in-home care settings
C. Technological advancements
3. Major Respiratory therapeutic devices ……………………………………………………
A. CPAP Devices
B. BiPAP Devices
C. Humidifiers
D. Nebulizers
E. Oxygen concentrators
F. Ventilators
G. Inhalers
H. Others
4. Respiratory devices Market Segmentation……………………………………………..
A. By Diagnostics and monitoring devices
I. Spirometers
II. Sleep test devices
III. Peak flow meters
IV. Pulse oximeters
V. Capnographs
VI. Others
B. By Disposables
I. Masks
II. Breathing circuit
III. Others
5. Respiratory devices Major Market Share………………………………………………..
A. Market Analysis, Insights and Forecast by Revenue
6. Competitive Landscape……………………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles……………………………………………………………………………….
A. DeVilbiss healthcare LLC overview, Product & Services, Strategies & Financials
B. Dragerwerk AG overview, Product & Services, Strategies & Financials
C. Fisher & Paykel Healthcare Ltd. Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape……………………………………….
A. Policy changes and Regulatory Framework
9. Factors Driving Future Growth………………………………………………………………..
A. New Trends and Development of Respiratory devices market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Diagnostics and Monitoring Devices:

Spirometers help in diagnosing respiratory diseases, such as asthma, emphysema, bronchitis, and COPD. Furthermore, they can also be used to assess the shortness of breath, lung function before surgery, and the effect of medication.

The spirometers segment has been fueled by the recent technological advancements, in the field of spirometry that includes the development of small portable spirometers and the increasing accuracy, acceptability, and reproducibility of assessments with immediate feedback to the technician.

Sleep test devices are expected to register an exponential growth, due to the increasing availability of portable instruments, such as CleveMed’s Sleep View [home sleep monitor], which integrates several studies (oximetry, position, and cardiovascular and respiratory studies).

By Disposables:

Based on the disposables, the respiratory devices market can be segmented into Masks, Breathing Circuits, & Others. The increasing prevalence of infectious diseases is expected to propel the growth of the China respirator masks market over the forecast period. For instance, according to the World Health Organization, coronavirus disease (COVID-19) affected many people and because of this, the usage of the respiratory mask market is prevalent in the market.

Major Players

Many companies are focusing on respiratory products across China. The companies are implementing certain strategic initiatives, such as a merger, new product launch, acquisition, and partnerships that help them in strengthening their market position. For instance, in 2017, Drägerwerk AG & CO. KGAA introduced Oxylog VE300, a newly developed emergency and transport ventilator that is particularly apt for use outside of the hospital environment.

Major players in this segment are DeVilbiss healthcare LLC, Dragerwerk AG, Fisher & Paykel Healthcare Ltd., GE healthcare, and GlaxoSmithKline Plc. and the market is positioned midway between consolidated and fragmented.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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