Asia Pacific Breast Pump Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Technology, and Distribution Channel

The electric breast pimp by technology is estimated to lead the market growth during the forecast period.

According to a new market research study of “Asia Pacific Breast Pump Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Product Type, Indication, Service and Country.” The Asia Pacific breast pump market is expected to reach US$ 1,176.02 Mn in 2028 from US$ 553.63 Mn in 2021; it is estimated to grow at a CAGR of 11.4% from 2021 to 2028. The report highlights trends prevailing in the Asia Pacific breast pump market and the factors driving market along with those that act as hindrances.

The Asia Pacific breast pump market, based on technology is segmented into electric breast pump and manual breast pump. In 2020, the electric breast pump segment held the largest share of the market and same segment is expected to witness growth in its demand at a fastest CAGR during the forecast period.

Soaring birth rates in developed economies are contributing to the global baby boom. In Asian countries such as India and China are characterized by high fertility rates due to factors such as effects of religion, inadequate supply of family welfare services, and persistent issue of poverty. Thus, an increasingly large number of parturient women across these countries creates high demand for human milk as well as breast pumps. Governments from developed and developing nations are investing heavily on healthcare, especially mother and childcare. In many Asia Pacific countries, governments have taken several initiatives for encouraging insurance providers to make provisions in insurance policies to cover equipment and services that promote breastfeeding, including breast pumps and lactation counselling, without incurring any cost to the patients. The governments are also investing in the improvement of the human milk bank infrastructure in their respective countries. Such initiatives are augmenting the demand for the breast pumps in Asia Pacific.

Asia Pacific is highly affected by the COVID-19 pandemic. The outbreak has led to a shortage of important life-saving medical tools and devices, along with many other significant medical supplies that can help curb the spread of infection, in the region. Lockdown restrictions imposed by countries and disruptions in the operations of manufacturing units have created a gap in the supply for a broad range of devices such as nipple care products, breast pumps, breast milk storage bags, breast milk bottles, nipple shields, and breast shells. Moreover, a shift in priorities from convenience products to necessary supplies, mainly the COVID-19 diagnosis and treatment tools, have led to decline in the production and sales of breast pumps to a certain extent.

Major factors driving the growth of the market include high women employment rates, increasing birth rate, and growing healthcare investments by private and government sectors. However, the high cost of breast pumps along with low awareness regarding the same, particularly in developing countries, restrains the market growth in Asia Pacific.

Koninklijke Philips N.V. Pigeon Corporation, Ardo, Ameda Inc. Medela, Albert, and Mayborn Group Limited are among the leading companies operating in the Asia Pacific breast pump market.

The report segments in Asia Pacific Breast Pump Market as follows:

By Technology

• Electric Breast Pump
• Single Electric Breast Pump
• Double Electric Breast Pump
• Manual Breast Pump

By Type

• Closed System Breast Pump
• Open System Breast Pump

By Distribution Channel

• Consumer Stores
• Online Distribution

By Country

• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific

Reasons to buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific breast pump market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific breast pump market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution