Breast Pump Market Analysis and Growth Forecast by Regions and Applications to 2025

31st Aug 2020 - Global Breast Pump Market size is expected to reach USD 1.74 billion by 2025. Breast pump is generally used by working women to continue breastfeeding their babies while still at work. Also, breast pump is used by those mothers to stimulate lactation in case of low milk supply and when the baby is unable to suck milk due to some physical condition. Lactating mothers are becoming increasingly aware about the importance & benefits of breastfeeding. The breast pump market is expected to register a CAGR of 7.8% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The increasing employment rate and favorable demographics are the main factors driving the market growth in the years to come. Additionally, governments’ initiatives such as the BFSI (Baby Friendly Hospital Initiative) are expected to drive the industry growth in the next couple of years. In the market, various types of breast pumps are available such as manual, electric breast pumps, and battery-powered. Electric breast pumps are identified as the most lucrative segment in the market and expected to hold the largest market share during the forecast period due to their greater efficiency in terms of comfort and user-friendliness.

Access Breast Pump Market Report with TOC @ https://www.millioninsights.com/industry-reports/breast-pump-market

Applications such as personal use and hospital grade could be explored in breast pump industry. The “hospital grade” devices are expected to hold the highest market share in the years to come due to the presence of large number of hospitals and increasing global birth rate. Electric breast pumps for “personal use” are expected to grow at a high CAGR in the upcoming period due to growing number of working mothers and rising healthcare expenditure.

The factors that play an important role in the growth of breast pump market include increasing demand, growing population, increasing urbanization & industrialization, growing working women, changing lifestyle, increasing patient disposable income, rising awareness about the breast pump, technological advancements such as introduction of hands-free breast pumps, favorable change in reimbursement policies, rising birth rates in emerging countries, and growing healthcare industry. Moreover, increasing healthcare expenditure and improving healthcare infrastructure in developing economies are anticipated to boost the market growth in the upcoming period. However, high cost of breast pumps along with low awareness, risk & side effects related to breast pumps are negatively impacting the growth of breast pump industry.

The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate and others. The market is categorized based on product, technology, application and geography. The market is classified into product such as closed system and open system. The “closed system” segment dominated the overall market share in terms of revenue in 2016 due to their higher prices and increasing usage rates. This segment is expected to hold the large market share in the next couple of years because it offers a more hygienic milk collection mechanism.

The key players contributing to the robust development of the breast pump industry include Medela Inc., Philips Avent, Bailey Medical Engineering, Ameda Breastfeeding Solutions, Chicco, Hygeia Medical Group, MAM, Evenflo Feeding, Pigeon Corporation, Mayborn, Whittlestone, Spectra Baby, Albert Manufacturing USA, Linco Baby Merchandise Works Co., Whittlestone Inc. and Lansinoh Laboratories. These market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

Request a Sample Copy of Breast Pump Market Report @ https://www.millioninsights.com/industry-reports/breast-pump-market/request-sample

Breast Pumps Regional Outlook (Revenue, USD Million, 2012 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • U.K.

        • France

    • Asia Pacific

        • Japan

        • China

    • Latin America

        • Brazil

        • Mexico

    • Middle East and Africa (MEA)

        • South Africa

        • Saudi Arabia

Comments

Post a Comment

Popular posts from this blog

Spinal Implants & Devices Market Forecast Analysis by Manufacturer, Types, Applications and Regions 2023 – 2030

  Spinal Implants & Devices Industry Overview The global  Spinal Implants & Devices Market  size is expected to reach USD 19.0 billion by 2030 and is expected to expand at a CAGR of 5.2% in the forecast period, from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing number of vehicular accidents is leading to increasing new cases of spinal cord injuries (SCIs). Other causes of SCIs include falls, violence, acts of violence, sports and recreation injuries, and diseases. Vehicular or road accidents and falls account for the majority of SCI cases. Fall-induced SCI is common among people aged 65 years and above. Acts of violence such as gunshot wounds or knife wounds account for around 12% of SCI cases. Sports activities such as diving in shallow water and impact sports lead to nearly 10% of SCIs. Cancer, osteoporosis, arthritis, and inflammation of the spinal cord also cause SCI. Based on National Spinal Cord Injury Statistical Center da...
Read more

Latin America Pharmaceutical Contract Manufacturing & Research Services Market Overview, Cost Structure Analysis and Forecast to 2030

  Latin America Pharmaceutical Contract Manufacturing & Research Services Industry Overview The  Latin America Pharmaceutical Contract Manufacturing & Research Services Market  size is expected to reach USD 40.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 7.5% from 2022 to 2030. The low cost of drug registration in Latin American countries and the economic growth are the key factors contributing to progress in this region. Moreover, factors such as the growing demand for generics, rising investments in R&D, the growing geriatric population, and the increasing burden of chronic diseases are responsible for market growth. The outbreak of COVID-19 has boosted the market growth as companies have increased investments in R&D and manufacturing to develop vaccines and drugs against the COVID-19. During the coronavirus outburst, the supply chains of biopharmaceutical companies remained robust...
Read more

Europe Orthopedic Navigation Systems Market - Global Industry Insights, Trends and Growth Opportunity Analysis to 2030

  Europe Orthopedic Navigation Systems Industry Overview The  Europe Orthopedic Navigation Systems Market  size is expected to reach USD 2,504.4 million by 2030, according to a new report published by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.8% from 2023 to 2030. The rising number of target diseases especially in the geriatric population is responsible for the rapid growth of the market. According to the Executive Agency for Health and Consumers, one in ten people in the geriatric population in Europe is suffering from osteoarthritis. Minimal invasion and low post-operative complications associated with computer-assisted surgery are anticipated to drive regional market growth over the forecast period. Moreover, the introduction of technologically advanced products is expected to induce demand for  orthopedic navigation systems . For instance, Orthokey Italia developed a new version of KiRA system integrating it with the iPad to ...
Read more