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The Market is segmented by Type (Diagnostic and Monitoring Devices, Therapeutic Devices and Disposables)
The major factor broadly acting as a driving factor includes high prevalence of respiratory diseases in China, continuation of economic and demographic trends, health-care reform and the policies implanted by the government.
In China, chronic respiratory diseases are the second leading cause of death. It is estimated that over 50% of Chinese men smoke, whereas smoking rates among women are lower in this country. Chronic obstructive pulmonary disease (COPD) is found to be widespread in China with almost 100 million people suffering from the chronic lung disease according to a new Tulane University study published in 2018. 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.
The healthcare reforms, such as acceleration of the basic medical insurance system, improvement in medical and health care service system, and universal access to basic public health services are some of the driving factors for the respiratory devices market in China.
As per the scope of the report, respiratory devices supplies the respiratory gas mechanically to the 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 respiratory devices include respiratory diagnostic devices, therapeutic devices, and breathing devices for administering long-term artificial respiration. It may also include a breathing apparatus used for resuscitation, by forcing oxygen into the lungs of a person who has undergone asphyxia.
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Spirometers help in the diagnosing the 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. Thus, the applications of spirometers make it easier for the patient to use this diagnostic device and is also increasingly adopted in hospitals and home care globally.
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Vincent Medical is one of the major companies focusing on respiratory products across China. The other companies present in the market are found focusing on product innovations, expansions, finding new markets or innovating their core competency to expand their individual market share.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Prevalence of Respiratory Disorders, such as COPD, TB, Asthma, and Sleep Apnea
4.2.2 Technological Advancements and Increasing Applications in Homecare Setting
4.3 Market Restraints
4.3.1 High Cost of Devices
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 By Diagnostic and Monitoring Devices
22.214.171.124 Sleep Test Devices
126.96.36.199 Peak Flow Meters
188.8.131.52 Pulse Oximeters
184.108.40.206 Other Diagnostic and Monitoring Devices
5.1.2 By Therapeutic Devices
220.127.116.11 CPAP Devices
18.104.22.168 BiPAP Devices
22.214.171.124 Oxygen Concentrators
126.96.36.199 Other Therapeutic Devices
5.1.3 By Disposables
188.8.131.52 Breathing Circuits
184.108.40.206 Other Disposables
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 DeVilbiss Healthcare LLC
6.1.2 Dragerwerk AG
6.1.3 Fisher & Paykel Healthcare Ltd
6.1.4 GE Healthcare
6.1.5 GlaxoSmithKline PLC
6.1.6 Koninklijke Philips NV
6.1.7 Medtronic PLC
6.1.8 ResMed Inc.
6.1.9 Invacare Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS