Global Breast Pumps Market?: Snapshot
Globally, rising birthrate in developing and underdeveloped countries has created huge growth opportunities for the breast pumps market at the global level. A breast pump, helps in stimulating lactation in women who have difficulty in produce milk or have limited supply of milk. These devices are largely used by women undergoing lactating period and reduced engorgement or breast pain. The rising number of women employment and favorable changes in reimbursement policies are also created growth potential for this market. It is useful for babies who difficulty in sucking milk due to some physical reason.
Nowadays people are more aware of the importance of feeding breast milk to the newborn as it helps in the overall development of the infant. Moreover, the rising global population and increasing disposable income in the middle-income group are likely to contribute to the growth of the breast pumps market. Changing preference of women and increasing adoption of new ways of feeding is also expected to boost the demand in the breast pumps market.
Globally, the need for breast pumps devices has grown significantly, as it is gaining popularity in developing economies as well. Thus, in a recent report published by Transparency Market Research (TMR), the global breast pumps market is projected to rise at a CAGR of 8.9% during the forecast period between 2017 and 2025. The valuation of the global breast pumps market is anticipated to touch US$4.16 bn by 2025, progressing from US$1.97 bn earned in 2016.
Convenient Option for Feeding Among Working Women to Trigger Demand for Breast Pumps
Application of breast pumps is seen in personal use and hospital grade. Personal use breast pumps segment led the market in 2016 by holding 85.8% share. The growing number of working women and the availability of cheap and effective personal use electric breast pump has grown the demand for this segment. Adding to it, growing awareness among mothers related to health benefits for infants through breastfeeding is also acting a crucial driver for the growth of this market.
Based on product type, the market is divided into double electric breast pumps, manual breast pumps, and single electric breast pumps. Out of these, double electric breast pumps lead the market on accounts of 41.2% share in the market held in 2016. This is mainly because of innovative product development through increasing technological growth. Moreover, double electric breast pumps are more convenient and user-friendly.
Growing Birthrate in Asia Pacific to Benefit Global Breast Pumps Market
Based on geography, North America held maximum share in the breast pump market in 2016. Factors such as rising government initiatives that help cover the cost of breast pumps, increasing number of nuclear and single families, and high demand for breastfeeding products has led to the growth of this market. Furthermore, Asia Pacific is likely to rise at a healthy CAGR within the forecast tenure, due to lenient government policies and rising birthrate. Large investments by private and public sectors in growing awareness about breastfeeding in developing economies are also benefitting in developing the breast pumps market.
The vendor landscape in the report covers various prominent players existing in the market and what business development strategies they are using. Spectra Baby USA, Mayborn Group Limited Evenflo Feeding, Ardo Medical Ag, Inc., and Albert Manufacturing USA are some of the prominent players present in the breast pumping market globally.
Global Breast Pumps Market: Overview
The report on the breast pumps market analyzes the current and future scenario of the global market. Government initiatives in creating awareness on benefits of breastfeeding, rising working women population worldwide, rising demand for breastfeeding products, and advancement of breast pumps technologies by major key players are the major drivers of the global breast pumps market.
The breast pumps market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments of the market. It also provides information and data analysis of the global breast pumps market with respect to the segments based on product, applications and geography. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market overview section. In addition, the section comprises porter’s five forces analysis to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis, by geography and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global breast pumps market.
Global Breast Pumps Market: Key Segments
Based on product, the breast pumps market is segmented as single electric breast pumps, double electric breast pumps, and manual breast pumps. The product market segments have been analyzed based on available products in markets, technological advancement in products development, demand for single electric, double electric and manual breast pumps products, cost-effectiveness, and preference for different types of breast pumps among consumers. The market size and forecast in terms of value (US$ Mn) & volume (Units) for each of these segments have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.
Based on applications, breast pumps market is segmented into hospital grade and personal use. The market segments have been extensively analyzed based on availability of hospital grade and
personal use breast pumps in the market, pricing of hospital grade and personal use breast pumps, and demand for hospital grade and personal use breast pumps product among consumers and geographical coverage. The market size and forecast in terms of value (US$ Mn) & volume (Units) for each segment have been provided for the period from 2015 to 2025. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2017 to 2025, considering 2016 as the base year.
Global Breast Pumps Market: Regional Outlook
Geographically, the global breast pumps market has been categorized into five major regions and the key countries in the respective region: North America (the U.S., Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (Japan, India, China, Australia & New Zealand and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East & Africa (GCC Countries, South Africa and Rest of Middle East & Africa). The market size and forecast in terms of value (US$ Mn) and volume (Units) for each of these regions and the mentioned countries have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year. The research study also covers the competitive scenario in these regions.
Companies Mentioned in Report
The report also profiles major players in the global breast pumps market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players profiled in this report includes Medela LLC., Pigeon Group (Pigeon Corporation), Koninklijke Philips N.V., Ameda, Inc., Ardo Medical Ag, Evenflo Feeding, Inc., Mayborn Group Limited (Shanghai Jahwa Co. Ltd), Spectra Baby USA, Albert Manufacturing USA (Albert Group), Hygeia Health and others.
The Global Breast Pumps Market is segmented as given below:
Global Breast Pumps Market, by Product
- Single Electric Breast Pumps
- Double Electric Breast Pumps
- Manual Breast Pumps
Global Breast Pumps Market, by Application
- Hospital Grade
- Personal Use
Global Breast Pumps Market, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa