China Respiratory Devices Market Size (2024 - 2029)

The China respiratory devices market is projected to experience significant growth, driven by factors such as the high prevalence of respiratory diseases, ongoing economic and demographic trends, technological advancements, and increased use in home care settings. The demand for these devices surged during the COVID-19 pandemic, although it faced some decline as cases decreased. However, the resurgence of COVID-19 cases is expected to create new opportunities for market expansion. Despite the potential for growth, the high cost of respiratory devices may pose a challenge to market development.

Market Size of China Respiratory Devices Industry

China Respiratory Devices Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 12.50 %
Market Concentration Medium

Major Players

China Respiratory Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

China Respiratory Devices Market Analysis

The China respiratory devices market is expected to register a CAGR of 12.5% over the forecast period.

With collective measures, scientific approaches, and public awareness, China dealt with the first wave of the COVID-19 pandemic in 2020. The second pandemic wave has undoubtedly resulted in a regional shortage of medical oxygen. For instance, in May 2021, China exported over 26,000 ventilators and oxygen concentrators, over 15,000 patient monitors, and nearly 3,800 tons of medicinal materials and medicines to India. Chinese companies received Indian orders for over 70,000 oxygen concentrators. Such a surge in demand drove the growth of the market. However, the market lost some traction as COVID-19 cases declined in the first three quarters of the year 2022 as the COVID-19 pandemic accelerated the use of respiratory devices. However, with the re-elevation of COVID-19 cases in China, the demand for respiratory devices is expected to create lucrative opportunities for the growth of the China respiratory device market in the studied period.

The major driving factors include the high prevalence of respiratory diseases in China, the continuation of economic and demographic trends, technological advancements, and increasing applications in-home care settings. For instance, as per an article published by the National Library of Medicine, in October 2021, COPD remains an important public health problem in China. Effective prevention and control measures are likely to strengthen to raise the standard of living for chronic obstructive pulmonary disease (COPD) patients and lower the number of COPD-related premature deaths among the Chinese population. So, there is a high chance of adopting sophisticated respiratory devices within the population which will lead to market growth in China. Furthermore, the study published by BMC Pulmonary Medicine, in March 2022, supports the fact that there is good agreement and reproducibility between the measurements from the portable and traditional respiratory devices. A trustworthy tool for screening and diagnosing chronic airway diseases in primary care settings is the portable spirometer. Such a study to evaluate the effectiveness of the devices in China is expected to open up enormous opportunities for market participants and accelerate market growth.

Additionally, the increasing initiatives, product launches, and strategies by market players in China are also expected to contribute to the market's growth. For instance, in December 2021, Aerogen Pharma and Nuance Pharma signed an agreement to join forces in Greater China to develop a superior, non-invasive approach to the treatment of Respiratory Distress Syndrome, a life-threatening condition of preterm infants associated with long-term lung health issues in survivors. Also, in July 2022, a group of chronic obstructive pulmonary disease (COPD) patients in China underwent surgery using Broncus Medical's InterVapor system, the device's first use in the country since its approval by Chinese regulators in March 2022. Such development is expected to drive the growth of the market over the forecast period.

Hence, as to the factors such as the high prevalence of respiratory diseases in China, the continuation of economic and demographic trends, technological advancements, and increasing applications in-home care settings, China's respiratory devices market is anticipated to grow over the forecast period. However, the high cost associated with respiratory devices is likely to restrain the market growth.

China Respiratory Devices Industry Segmentation

As per the scope, respiratory devices refer to the supply of respiratory gas mechanically to patients with impaired respiratory function. The respiratory gas is usually enriched with oxygen and conveyed into the lung with a positive pressure generated by the device. The China Respiratory Devices Market is segmented by Type (Diagnostic and Monitoring Devices, Therapeutic Devices, and Disposables). The report offers the value (in USD million) for the above segments.

By Type
Diagnostic and Monitoring Devices
Spirometers
Sleep Test Devices
Peak Flow Meters
Pulse Oximeters
Capnographs
Other Diagnostic and Monitoring Devices
Therapeutic Devices
CPAP Devices
BiPAP Devices
Humidifiers
Nebulizers
Oxygen Concentrators
Ventilators
Inhalers
Other Therapeutic Devices
Disposables
Masks
Breathing Circuits
Other Disposables
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China Respiratory Devices Market Size Summary

The China respiratory devices market is poised for significant growth, driven by a combination of factors including the high prevalence of respiratory diseases, technological advancements, and increasing applications in home care settings. The market experienced a surge in demand during the COVID-19 pandemic, particularly for ventilators and oxygen concentrators, which highlighted the critical need for respiratory devices. Despite a temporary decline in demand as COVID-19 cases decreased, the resurgence of cases has reignited interest and investment in respiratory technologies. The market is further bolstered by initiatives and collaborations among key players and government bodies, aiming to enhance the treatment and management of chronic respiratory conditions such as COPD. These efforts are expected to create lucrative opportunities for market participants, fostering innovation and expanding the adoption of advanced respiratory devices across China.

The market landscape is characterized by a moderate concentration of global and regional companies, with prominent players like Drägerwerk AG & Co. KGaA, Teleflex Incorporated, and General Electric Company (GE Healthcare) actively contributing to market dynamics. The introduction of new products and strategic partnerships, such as those seen with Aerogen Pharma and Nuance Pharma, are set to drive market expansion. Additionally, the development and approval of innovative treatments and devices, such as the portable oxygen concentrators and pulse oximeters, are expected to meet the growing demand driven by respiratory diseases. However, the high cost associated with these devices may pose challenges to market growth. Overall, the China respiratory devices market is anticipated to experience robust growth, supported by ongoing technological advancements and strategic initiatives aimed at improving respiratory health outcomes.

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China Respiratory Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Prevalence of Respiratory Disorders, such as COPD, TB, and Asthma

      2. 1.2.2 Technological Advancements and Increasing Applications in Homecare Setting

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Devices

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD Million)

    1. 2.1 By Type

      1. 2.1.1 Diagnostic and Monitoring Devices

        1. 2.1.1.1 Spirometers

        2. 2.1.1.2 Sleep Test Devices

        3. 2.1.1.3 Peak Flow Meters

        4. 2.1.1.4 Pulse Oximeters

        5. 2.1.1.5 Capnographs

        6. 2.1.1.6 Other Diagnostic and Monitoring Devices

      2. 2.1.2 Therapeutic Devices

        1. 2.1.2.1 CPAP Devices

        2. 2.1.2.2 BiPAP Devices

        3. 2.1.2.3 Humidifiers

        4. 2.1.2.4 Nebulizers

        5. 2.1.2.5 Oxygen Concentrators

        6. 2.1.2.6 Ventilators

        7. 2.1.2.7 Inhalers

        8. 2.1.2.8 Other Therapeutic Devices

      3. 2.1.3 Disposables

        1. 2.1.3.1 Masks

        2. 2.1.3.2 Breathing Circuits

        3. 2.1.3.3 Other Disposables

China Respiratory Devices Market Size FAQs

The China Respiratory Devices Market is projected to register a CAGR of 12.5% during the forecast period (2024-2029)

Drägerwerk AG & Co. KGaA, Teleflex Incorporated, Fisher & Paykel Healthcare Ltd, General Electric Company (GE Healthcare) and Nanjing Superstar Medical Equipment Co., Ltd are the major companies operating in the China Respiratory Devices Market.

China Respiratory Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)