Breast Pumps Market
Breast Pumps Market (Product - Single Electric Breast Pumps Double Electric Breast Pumps, and Manual Breast Pumps; Applications - Hospital Grade and Personal Use) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Press Release :
Breast pump refers to a mechanical device that is used by lactating women to take out milk from their breasts. These pumps can be automatic or manual ones. Of late, hands free breast pumps are anticipated to emerge as popular option for those new mothers who are using breast pumps. Increased initiatives by the government together with rising number of working women is likely to propel growth of the global breast pumps market in the years to come.
The global smart lock market is estimated to register robust growth rate of 9.4% CAGR over the tenure of assessment, from 2020 to 2025. However, it is expected that the sale of breast pumps would plummet as numerous women are working from home due to the ongoing COVID-19 crisis. They can easily breastfeed infants whilst working from home, Once the crisis gets over, it is expected that the sale will go up due to advancement made in the breast pump technologies, awareness about the benefits of breast milk and increased insurance coverage.
The global breast pumps market is expected to rise at 8.9% CAGR over the assessment period, 2017 to 2025. It is anticipated that the market value of the global breast pumps market would reach a figure of around US$ 4164.6 mn by the end of 2025.
The global breast pumps market is regarded as a fragmented one with the presence of many local as well as international players. Some of the leading companies in the global smart lock market are Whittlestone Inc, Lansinoh Laboratories, Inc., Pigeon Corporation, Hygeia Medical Group, Linco Baby Merchandise Works Co., Ltd., and Koninklijke Philips N.V.
Difficulties Faced by Women to Produce Milk Post Pregnancy to Bolster Demand
Increased awareness about the benefits of breast milk is expected drive the demand for breast pumps in the years to come. Difficulties experienced by women in milk production owing to deteriorating condition of health together with importance of natural lactation for babies is forecasted to bolster growth of the global breast pumps market. Natural lactation amongst women is introduced by breast pumps. Mother’s milk is considered best for the growth of the babies, which provides augmented protection to the child from specific diseases. On the other hand, problems like breast pain amongst lactating mothers can lead to the reduced supply of milk, which means insufficient supply of milk for babies.
In addition, the breast pumps market is prophesized to be driven by increasing rate of employment amongst the women across all parts of the world. As more mothers are opting for both raising a family and working at the same time, the need for breast pumps is generated considerably. In addition to that, maternity period is not sufficient for nurturing an infant, which is further likely to encourage growth of the global breast pumps market in the years to come.
The increasing population across the globe together with the surging rate of birth has compelled governments to streamline all their efforts in bringing in advancement of novel technologies so as to come up with better breast pumps. Development of advanced double electric breast pumps is one such innovation that removes the fat content from the breast milk and replaces it with high calorie. Such innovations are likely to amplify growth opportunities for the global breast pumps market over the tenure of assessment. On the other hand, high cost of hospital grade breast pumps is likely to restrain growth of the global breast pumps market in the years to come.
Various initiatives by international bodies such the breastfeeding initiative by UNICEF in the UK is estimated to drive the demand for breast pumps in the years to come. In another instance, World Health Organization and UNICEF to support breastfeeding launched Baby-Friendly Hospital Initiative (BFHI) in 1991. Since its inception, the initiative has spanned across more than 152 countries and has left positive impact in the market.
Innovation and technological progress made in the breast pump technology make it easier for lactating mothers to get involved with breastfeeding activities. In addition, wider acceptance of breast pumps across the globe is likely to add impetus to the development of the global breast pumps market in the years to come.
Furthermore, presence of better healthcare system in many of the developing nations, such as China and India are likely to amplify growth opportunities for the market in the years to come.
Increased Government Spending on Healthcare to Drive the Asia Pacific Market
The Asia Pacific is likely to come up as a fast growing region in the global breast pumps market. The region is poised for high growth over the tenure of analysis owing to increased investment made by the government in the healthcare segment. Several prominent manufacturers have shifted their attention toward Asia Pacific region as large part of the market in the region remains untapped. An increasing number of women in the Asia Pacific have joined the workforce, which raises the demand for breast pumps in the region.
The global breast pumps market is likely to be dominated by North America over the period of analysis. The growing prominence of the region is mainly due to the growth of the market in the US. Augmented awareness about the benefits of use of breast pump together with the setting up of increasing number of breast milk banks is prophesized to fuel expansion of the global breast pumps market in the years to come. Furthermore, there has been a rise in the number of donors for breast milk, which is further estimated to drive the demand for breast pumps.
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: