Ultimately these words (prana, life energy, qi) are just metaphors to assist you with your own bodily awareness (so they are subjective) and maybe if you are some expert these metaphors can work for deciphering the body of someone else but trying to relate them to some object is not going to work. What I wish to say is that I don't consider these concepts to be objective truths in the same way I don't consider stories to be objective truths. However it does not impede my ability to learn from them.
Objective science is great for physics and is constantly improving our understanding of the human body as a machine but as individuals living in these machines we must also conduct our own subjective science, experimenting with our behavior to find how best to care for our unique body, mind and soul (a dubious concept at best but I like the rhythm of naming all three).
There is no "western" perspective, there is only reality and falsehoods. Whilst I am a proponent of meditation and mental health, I don't think prana or qi exist as real physical entities in the real world because their presence has not been detected in reproducible, controlled settings.
There are many religions in the world, all of them false when scrutinized through the lens of science and reason. The whole concept of life energy is not grounded in reality based on the available evidence (or lack of evidence).