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Asia-Pacific Respiratory Diagnostics Market – Industry Trends and Forecast to 2030

  • Medical Devices
  • Upcoming Report
  • Feb 2023
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Asia-Pacific Respiratory Diagnostics Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 9.8% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 1441.70 Million
Diagram Market Size (Forecast Year) USD 3045.75 Million
Diagram CAGR 9.8%

Asia-Pacific Respiratory Diagnostics Market, By Product and Services (Instruments and Devices, Assays and Reagents and Services and Software), Test Type (Traditional Diagnostic Tests, Mechanical Tests, Imaging Tests and Molecular Diagnostic Tests), Diseases (Chronic Obstructive Pulmonary Disease (COPD), Lung Cancer, Asthma, Tuberculosis, Bronchitis, Pulmonary Fibrosis and Other Diseases), End User (Hospital/Clinical Laboratories, Physician Offices, Reference Laboratories and Other End Users), Distribution Channel (Direct Tender, Retail Sales and Other) – Industry Trends and Forecast to 2030.

Asia-Pacific Respiratory Diagnostics Market Analysis and Size

The Asia-Pacific region is largely affected because of the burden of chronic diseases especially after the pandemic which increases the adoption of respiratory diagnostics. Chronic diseases are one of the world's major healthcare concerns, resulting in around 40 million lives every year, 8.5 million of whom are from Asia. The technological advances, growing portability, and ease of operation of devices are expected to increase the growth. The increasing incidence of respiratory diseases has set a huge concern for accurate disease diagnosis and hence increased the way for the respiratory diagnostics market growth.

Data Bridge Market Research analyses a growth rate in the respiratory diagnostics market in the forecast period 2023-2030. The expected CAGR of respiratory diagnostics market is tend to be around 9.8% in the mentioned forecast period. The market was valued at USD 1441.7 million in 2022, and it would grow upto USD 3045.75 million by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Asia-Pacific Respiratory Diagnostics Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Product and Services (Instruments and Devices, Assays and Reagents and Services and Software), Test Type (Traditional Diagnostic Tests, Mechanical Tests, Imaging Tests and Molecular Diagnostic Tests), Diseases (Chronic Obstructive Pulmonary Disease (COPD), Lung Cancer, Asthma, Tuberculosis, Bronchitis, Pulmonary Fibrosis and Other Diseases), End User (Hospital/Clinical Laboratories, Physician Offices, Reference Laboratories and Other End Users), Distribution Channel (Direct Tender, Retail Sales and Other)

Countries Covered

China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)

Market Players Covered

BD (U.S.), COSMED srl (Italy), Abbott (U.S.), NIHON KOHDEN CORPORATION (Japan), Drägerwerk AG & Co. KGaA (Germany), Bio-Rad Laboratories, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), General Electric (U.S.), Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland), F. Hoffmann-La Roche Ltd (Switzerland), MGC Diagnostics Corporation (U.S.), Masimo (U.S.), BIOMÉRIEUX (France), Carestream Health  (U.S.), VYAIRE (U.S.), Seegene Inc. (South Korea) and ResMed (U.S.)

Market Opportunities

  • Increased Rate of Tuberculosis
  • Growing Product Launches and Collaborations

Market Definition

Respiratory diagnostics are the type of medical products and technologies that are widely used to diagnose the respiratory diseases and disorders in the patients. Respiratory diagnostics are effective since they can diagnose the diseases early. It involve procedures such as computed tomography, spirometry, oximetry, chest X- ray, transcutaneous carbon dioxide monitoring, sniff nasal inspiratory pressure (SNIP) among several other types.

Asia-Pacific Respiratory Diagnostics Market Dynamics

Drivers

  • Increasing Rate of COPD

The increasing prevalence of COPD is driving the market growth at a fast pace. For instance, as per the study named "COPD Guidelines in the Asia-Pacific Regions: Similarities and Differences" published in the MDPI Diagnostics in July 2021, the incidence of COPD in the Asia-Pacific countries is expected at 4.4% to 16.7% in China, 14.5% in Australia, and 5.6% in Indonesia; and COPD was 13.4% in Korea, 4.7% in Malaysia, 8.6% in Japan, 3.7% to 6.8% in Thailand, 3.5% to 20.8% in the Philippines, 5.4% to 6.1% in Taiwan, and 6.7% in Vietnam. Thus, this increasing prevalence demands increased diagnostics which boost the market growth.

  • Increased Technological Advancements

The technological advances, and ease of operation of devices are expected to boost the segment growth. For Instance, Vyaire Medical launched the AioCare mobile spirometry system in more than 15 countries which includes Australia and other countries in 2021. This clinically proven technology increases upon Vyaire’s deep respiratory diagnostics expertise and enables physicians to diagnose pulmonary diseases as accurately as hospital-grade spirometers. It also performs high-quality patient monitoring through advanced digital connectivity at home. Thus, this factor boosts the market growth.

Opportunities

  • Increased Rate of Tuberculosis

The increasing rate of tuberculosis in the Asia-Pacific region is boosting the growth of the market. The rate of TB disease among Asian persons is 14.4 cases per 100,000 persons. In 2021, eight countries of Asia resulted for more than two-thirds of global TB cases which are India (28%), Indonesia (9.2%), China (7.4%), the Philippines (7.0%), Pakistan (5.8%), Nigeria (4.4%), Bangladesh (3.6%) and Democratic Republic of the Congo (2.9%). Thus, all these factors boost the market growth.

  • Growing Product Launches and Collaborations

Numerous product launches, partnership and agreement are initiated by many companies globally, which are also increasing the respiratory diagnostics market. For instance, Cipla Limited launched Spirofy which is India's first pneumotach-based portable, wireless Spirometer, on World COPD Day in November 2021. Thus, these kinds of launches associated with the respiratory diagnostics boost the market growth.

Restraints/Challenges

  • High Cost of Diagnostic Instruments

The increased expenditure required for the installation of these instruments hamper the market growth. Many of the diagnostic equipment are very high in cost, becoming unaffordable for many underdeveloped countries. Numerous market players make huge investments in installing new and advanced machines to increase the process and in return the cost is increased. Thus, this factor hamper the market growth.

This respiratory diagnostics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the respiratory diagnostics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In 2022, Max Ventilator launched multifunctional non-invasive (NIV) ventilators in India. This ventilator comes with inbuilt oxygen therapy and humidifier. This device is launched keeping in mind the feasibility of the end-users. It is lightweight (around 5 kgs), the device is extremely portable and handy as it comes with a trolley.

Asia-Pacific Respiratory Diagnostics Market Scope

The respiratory diagnostics market is segmented on the basis of product and services, test type, diseases, end-user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product and Services

  • Instruments and Devices
  • Assays and Reagents
  • Services and Software

Test Type

  • Traditional Diagnostic Tests
  • Mechanical Tests
  • Imaging Tests
  • Molecular Diagnostic Tests

Diseases

  • Chronic Obstructive Pulmonary Disease (COPD)
  • Lung Cancer
  • Asthma
  • Tuberculosis
  • Bronchitis
  • Pulmonary Fibrosis
  • Other Diseases

End User

  • Hospital/Clinical Laboratories
  • Physician Offices
  • Reference Laboratories
  • Others

Distribution Channel

  • Direct Tender
  • Retail Sales
  • Other

 Asia-Pacific Respiratory Diagnostics Market Regional Analysis/Insights

The respiratory diagnostics market is analyzed and market size insights and trends are provided by product and services, test type, diseases, end-user and distribution channel as referenced above.

The major countries covered in the respiratory diagnostics market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).

China is leading the market growth because of the growing focus on the high incidence of the disorders among old elderly population. The increasing social media concerns are also acting as major growth factors for the market. Moreover, several companies are advancing their diagnosis products by using new techniques to obtain target-specific and accurate results which is boosting the growth in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The respiratory diagnostics also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for respiratory diagnostics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the respiratory diagnostics market. The data is available for historic period 2011-2021.

Competitive Landscape and Asia-Pacific Respiratory Diagnostics Market Share Analysis

The respiratory diagnostics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to respiratory diagnostics market.

Key players operating in the respiratory diagnostics market include:

  • BD (U.S.)
  • COSMED srl (Italy)
  • Abbott (U.S.)
  • NIHON KOHDEN CORPORATION (Japan)
  • Drägerwerk AG & Co. KGaA (Germany)
  • Bio-Rad Laboratories, Inc. (U.S.)
  • Thermo Fisher Scientific Inc. (U.S.)
  • General Electric (U.S.)
  • Koninklijke Philips N.V. (Netherlands)
  • Medtronic (Ireland)
  • F. Hoffmann-La Roche Ltd (Switzerland)
  • MGC Diagnostics Corporation (U.S.)
  • Masimo (U.S.)
  • BIOMÉRIEUX (France)
  • Carestream Health  (U.S.)
  • VYAIRE (U.S.)
  • Seegene Inc. (South Korea)
  • ResMed (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Asia-Pacific Respiratory Diagnostics Market is projected to grow at a CAGR of 9.8% during the forecast period by 2030.
The future market value of the Asia-Pacific Respiratory Diagnostics Market is expected to reach USD 3045.75 million by 2030.
The major players in the Asia-Pacific Respiratory Diagnostics Market are BD (U.S.), COSMED srl (Italy), Abbott (U.S.), NIHON KOHDEN CORPORATION (Japan), Drägerwerk AG & Co. KGaA (Germany), Bio-Rad Laboratories, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), etc.
The countries covered in the Asia-Pacific Respiratory Diagnostics Market are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
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