Asia Pacific Breast Pump Market By Application (Hospital Grade and Personal Use), By Technology (Electric Pumps, Battery-powered Pumps and Manual Pumps), By Product (Closed System and Open System), By Country, Growth Potential, Industry Analysis Report and Forecast, 2020 - 2026
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the Asia Pacific Breast Pump Market
Market Report Description
The Asia Pacific Breast Pump Market would witness market growth of 15.2% CAGR during the forecast period (2020-2026). Tubing is purified in these pumps to make sure that it is free from any kind of microbes & impurities, however, repeatedly boiling pump tubes can make them unclear which makes it harder to keep a check on milk or mold in these tubes.
Owing to this, open breast pumps are mostly not suggested. Therefore, this is one of the main factors which will hinder the growth of the breast pump market over the forecast period. Though, open system breast pumps are comparatively cheaper than closed system breast pumps, thereby increasing the demand for open breast pumps in the future years.
The increasing awareness campaigns initiated by public & private organizations is due to the benefits of breastfeeding has motivated working mothers to utilize these breast pumps. For example, in August 2016, UNICEF initiated a National Breastfeeding Promotion Program called Mothers’ Absolute Affection (MAA) in New Delhi, India, to make mothers more aware of breastfeeding. These kinds of initiatives encourage many working women to utilize breast pumps and also assist them in understanding the advantages attached to breastfeeding. Moreover, the growing number of births in emerging countries like India & the improvements in product development by major companies have bolstered the growth of the market.
Supportive reimbursement policies in emerged countries will propel the market of electric breast pumps. Due to the Patient Protection and Affordable Care Act (PPACA), many insurance companies are providing numerous breast pumps for the convenience for women. Accessibility of insured pumps by several companies is expected to boost the demand for breast pumps in the market. Moreover, various makers provide customer service & secured health plans for efficient child & mother health management which will contribute to the growth rate of the breast pump market.
The China market dominated the Asia Pacific Open System Market by Country in 2019, thereby, achieving a market value of $102.6 million by 2026, growing at a CAGR of 13.3 % during the forecast period. The Japan market is showcasing a CAGR of 16.7% during (2020 - 2026). Additionally, The India market is anticipated to witness a CAGR of 16.74% during (2020 - 2026).
Based on Application, the market is segmented into Hospital Grade and Personal Use. Based on Technology, the market is segmented into Electric Pumps, Battery-powered Pumps and Manual Pumps. Based on Product, the market is segmented into Closed System and Open System. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Koninklijke Philips N.V., Energizer Holdings, Inc., Pigeon Corporation (Lansinoh Laboratories), Hygeia Health, Inc., Linco Baby Merchandise Works Co., Ltd., Ameda, Inc. (Platinum Products Holding Inc.), Medela AG, Handi-Craft Company, Mayborn Group Limited, and Albert Manufacturing USA.
Scope of the Study
Market Segments Covered in the Report:
- Hospital Grade
- Personal Use
- Electric Pumps
- Battery-powered Pumps
- Manual Pumps
- Closed System
- Open System
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Koninklijke Philips N.V.
- Energizer Holdings, Inc.
- Pigeon Corporation (Lansinoh Laboratories)
- Hygeia Health, Inc.
- Linco Baby Merchandise Works Co., Ltd.
- Ameda, Inc. (Platinum Products Holding Inc.)
- Medela AG
- Handi-Craft Company
- Mayborn Group Limited
- Albert Manufacturing USA
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free