+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Global Breast Pumps Market: Awareness Initiatives by Government and Private Sector Aid Expansion, says TMR

Posted on Nov 21, 2017

With a few larger companies holding the largest stake, the global breast pumps market exhibits an oligopolistic vendor landscape. Among the most prominent players, companies such as Philips, Medela, and Ameda Breastfeeding Solutions are currently enjoying a stronghold, finds Transparency Market Research (TMR) in a new study. Because of its medical importance, a majority of consumers prefer investing in products by prominent brands. However, there is a considerable number of local players supplying breast pumps via indigenous network of distributors. Hence, they are able to make very little contribution toward the global breast pumps market. According to TMR, Medela LLC emerged dominant in the overall market in 2016. Besides this, some of the other notable market players include Pigeon Group (Pigeon Corporation), Evenflo Feeding, Inc., Spectra Baby USA, Mayborn Group Limited, and Hygeia Health.

According to TMR, the global breast pumps market is expected to reach US$4,164.6 mn by the end of 2025, from US$1,971.8 mn in 2016. Considering these market figures hold true, the global breast pumps market will report a positive 8.9% CAGR between 2017 and 2025. Regionally, North America held the leading market share in 2016. However, over the course of the report’s forecast period, the Asia Pacific market is likely to exhibit a higher CAGR of 9.4%.

global breast pumps market

Rising Women Employment Positively Impacts Global Breast Pumps Market

Various factors are supporting the expansion of the global breast pumps market. For instance, the rising rate of women employment, coupled with supportive government initiatives, has proved a boon for the market. These initiatives not only helped improving the overall healthcare infrastructure but also got robust schemes for spreading awareness on track. The cumulative effect of these factors are reflected positively on the global breast pumps market, augmenting overall sales witnessed over the last few years.

Besides these, factors such as the escalating birth rate, especially among emerging nations provide lucrative opportunities to the market. The United Nations has estimated by the end of 2050 the likelihood of the global population to reach 9.7 billion. Having said that, the growth in population is also indicative of attractive prospects awaiting the market players in the near future. Alongside rising women employment worldwide, the rising disposable income of consumers will have a positive impact on the market as well. To capitalize on prevailing opportunities across emerging nations, several companies are looking to invest therein. This will definitely give the breast pumps market in emerging nations a significant impetus.

High Cost of Hospital Grade Breast Pumps Emerges as Restraining Factor

In the last few years, both public and private sector players have conducted various campaigns to spread awareness regarding the benefits of breastfeeding, in turn creating a sizeable consumer base for breast pumps in developing nations. In addition, the recent technological advancements have further helped the market gain pace. On the downside, side effects related to using breast pumps and the high price at which hospital grade breast pumps are available are restraining the market to an extent. Nonetheless, the increasing demand from emerging nations such as China will enable the market sustain its positive growth trend through the forecast period.

This review is based on a TMR report, titled “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.”

The report segments the global breast pumps market as:

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
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • India
    • China
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

Back To Top