Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 23.08 Million | USD 61.46 Million | 13.02% | 2022 |
The China FeNo testing market size was worth around USD 23.08 million in 2022 and is predicted to grow to around USD 61.46 million by 2030 with a compound annual growth rate (CAGR) of roughly 13.02% between 2023 and 2030.
The report analyzes the China FeNo testing market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the China FeNo testing industry.
FeNo stands for Fractional Exhaled Nitric Oxide. It is a medical term that is used to refer to the process of measuring nitric oxide (NO) levels in a person’s exhaled breath. NO is a gas that is produced by cells that exist in the lining of the airways. FeNO measurements can help in gaining more insights into the inflammation of the airway. When spoken in the context of respiratory health, FeNO testing is commonly used during the diagnosis, monitoring, and management of asthma which is a chronic respiratory condition that is characterized by inflammation and narrowing of the airways. During the testing process, the level of exhaled nitric oxide provides information on airway inflammation, particularly eosinophilic inflammation, which typically means that the person has contracted asthma. The industry deals with the economic and infrastructural aspects of FeNO testing across the Chinese province.
Growing prevalence of asthma to propel market growth
The China FeNO testing market is projected to grow owing to the rising prevalence of asthma in China. In recent years, the number of reported incidents of asthma has surged resulting in higher demand for FeNo testing. As per the National Institute of Health (NIH), asthma is a major public health concern in the country. More than 4.2% of the population which constitutes around 45 million people in China suffer from frequent asthmatic attacks. There are several factors why the rate has been growing in recent times. The foremost cause is related to environmental factors. China is witnessing a rapid rate of urbanization along with rampant industrialization leading to the general population getting increasingly exposed to environmental pollutants such as particulate matter, allergens, and indoor pollutants. Furthermore, air pollution in China has crossed record levels. Over the years, China has faced significant challenges related to air pollution, particularly in densely populated urban areas.
Cost and affordability to restrict market expansion
The high cost of FeNo testing could restrict regional market expansion. In addition to this, the expense associated with consumables could lead to a significant rise in overall healthcare expenditure. The affordability of FeNo testing remains a major roadblock for the China FeNo testing market. Although, as per reports, nearly 95% of the population has access to basic healthcare, severe cases of asthma may not be covered by these policies.
Rising awareness rate to provide growth opportunities
The China FeNo testing industry is expected to benefit from the growing awareness rate about asthma and the availability of various testing methods among people. Increased awareness is expected to drive the demand for more cost-effective FeNO testing. Furthermore, the country has been witnessing a high economic growth rate. It is soon expected to become one of the world’s most advanced countries and this trend could work in the favor of the FeNo testing sector as more people get access to basic and advanced healthcare.
Lack of standard testing procedures to challenge the market expansion
The regional market is expected to face growth challenges owing to the lack of standard testing procedures and variations in testing practices. Furthermore, the China FeNo testing market is also plagued with differences in the interpretation of FeNO results among healthcare professionals which could become a cause of concern for the patients. Standardizing testing protocols, establishing clear guidelines, and promoting professional training and certification can help ensure consistency and accuracy in FeNO testing.
The China FeNo testing market is segmented based on indication, type, distribution channel, end-user, and region.
Based on indication, the regional market is divided into chronic respiratory symptoms, eosinophilic airway inflammation, COPD with mixed inflammatory phenotype, atopic asthma, cystic fibrosis, pulmonary arterial hypertension, eosinophilic bronchitis, corticosteroid responsiveness, and others. The China FeNo testing industry witnessed the highest growth in the chronic respiratory symptoms segment, Asthma is typically characterized by frequent episodes of chronic respiratory symptoms. These symptoms tend to vary in intensity between patients. Eosinophilic airway inflammation is a very specific type of inflammation and occurs in the airways of individuals with certain respiratory conditions and one of them is asthma. Chronic obstructive pulmonary disease (COPD) with a mixed inflammatory phenotype is COPD characterized by the presence of both eosinophilic and neutrophilic inflammation in the airways. In recent times, China’s commercial health insurance premium income grew by 30%.
Based on type, the global market divisions are Nitric Oxide standalone monitors, nitric oxide handheld monitors, and others.
Based on distribution channel, the global market segments are retail sales, direct tender, and online sales. The China FeNo testing industry witnessed the highest growth in the direct tender segment in 2022 due to the majority of the hospitals collaborating with suppliers and manufacturers of FeNo testing kits. However, the online sales segment is expected to grow at a higher CAGR during the forecast period as compared to previous years due to the growing popularity of online sales in the healthcare sector. In recent times, China has registered surging growth in e-commerce and online platforms which also includes the sale of medical devices and diagnostics. There are several advantages associated with online purchases. During the projection period, factors such as convenience, accessibility, and growing digital infrastructure are projected to play a crucial role in segmental growth. As per research, China's online healthcare market in 2020 was close to 94 billion yuan.
Report Attributes | Report Details |
---|---|
Report Name | China FeNO Testing Market Research Report |
Market Size in 2022 | USD 23.08 Million |
Market Forecast in 2030 | USD 61.46 Million |
Growth Rate | CAGR of 13.02% |
Number of Pages | 217 |
Key Companies Covered | Guangzhou Kingmed Diagnostics Group Co., Ltd., Hangzhou Clongene Biotech Co., Ltd., Shanghai Fosun Long March Medical Science Co., Ltd., Nanjing Norman Biological Technology Co., Ltd., Beijing Eastwest Harmony Medical Devices Co., Ltd., Guangzhou YERCON Diagnostic Co., Ltd., Aeonmed Co., Ltd., Haina Bio-Medical Technology Co., Ltd., Shanghai Hua An Medical Health Science Co., Ltd., Wuxi Medical Instrument Factory Co., Ltd., Shanghai Hengkang Medical Equipment Co., Ltd., Mindray Medical International Limited, Nihon Kohden Corporation, Edan Instruments, Inc., Shenzhen Comen Medical Instruments Co., Ltd., Yuyue Medical Equipment & Supply Co., Ltd., Biolight Meditech Co., Ltd., Perlong Medical Equipment Co., Ltd., Beijing Choice Electronic Technology Co., Ltd., M&B Electronic Instruments, Inc., Shenzhen Creative Industry Co., Ltd., Chindex Medical Limited, Yantai Dongcheng Biochemicals Co., Ltd., Jiangsu Yuyue Medical Equipment & Supply Co., Ltd., and Shenzhen Anke High-tech Co., Ltd. |
Segments Covered | By Indication, By Type, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
China to witness a high growth rate during the forecast period
The China FeNo testing market is projected to grow rapidly owing to the increasing number of asthmatic patients in the Chinese province. Factors such as increased rates of air pollution and other environmental factors are leading causes of the rise in the asthmatic population. In addition to this, the Chinese chemical industry, which is also one of the world’s most dominant chemical industries, has resulted in addition to the already bad quality of air in this region. The highest growth rate may be observed in the Tier 1 cities of China. This includes regions such as Beijing, Shanghai, Guangzhou, and Shenzhen. The higher growth rate could be a result of the existence of a well-developed healthcare infrastructure and a higher concentration of specialized healthcare facilities. This segment is expected to provide more FeNo testing measures.
The China FeNo testing market is led by players like:
By Indication
By Type
By Distribution Channel
By Region
FrequentlyAsked Questions
FeNo stands for Fractional Exhaled Nitric Oxide. It is a medical term that is used to refer to the process of measuring nitric oxide (NO) levels in a person’s exhaled breath.
The China FeNO testing market is projected to grow owing to the rising prevalence of asthma in China. In recent years, the number of reported incidents of asthma has surged resulting in higher demand for FeNo testing.
According to study, the China FeNo testing market size was worth around USD 23.08 million in 2022 and is predicted to grow to around USD 61.46 million by 2030.
The CAGR value of China FeNo testing market is expected to be around 13.02% during 2023-2030
The China FeNo testing market is projected to grow rapidly owing to the increasing number of asthmatic patients in the Chinese province.
The China FeNo testing market is led by players like Guangzhou Kingmed Diagnostics Group Co., Ltd., Hangzhou Clongene Biotech Co., Ltd., Shanghai Fosun Long March Medical Science Co., Ltd., Nanjing Norman Biological Technology Co., Ltd., Beijing Eastwest Harmony Medical Devices Co., Ltd., Guangzhou YERCON Diagnostic Co., Ltd., Aeonmed Co., Ltd., Haina Bio-Medical Technology Co., Ltd., Shanghai Hua An Medical Health Science Co., Ltd., Wuxi Medical Instrument Factory Co., Ltd., Shanghai Hengkang Medical Equipment Co., Ltd., Mindray Medical International Limited, Nihon Kohden Corporation, Edan Instruments, Inc., Shenzhen Comen Medical Instruments Co., Ltd., Yuyue Medical Equipment & Supply Co., Ltd., Biolight Meditech Co., Ltd., Perlong Medical Equipment Co., Ltd., Beijing Choice Electronic Technology Co., Ltd., M&B Electronic Instruments, Inc., Shenzhen Creative Industry Co., Ltd., Chindex Medical Limited, Yantai Dongcheng Biochemicals Co., Ltd., Jiangsu Yuyue Medical Equipment & Supply Co., Ltd., and Shenzhen Anke High-tech Co., Ltd.
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