23-Apr-2020 | Facts and Factors
Findings from Facts and Factors report “Breast Pump Market By Product (Open System and Closed System), By Technology (Manual Pump, Battery Powered Pump, and Electric Pump), By Application (Personal Use and Hospital Grade), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Breast Pump market in 2019 was approximately USD 1.62 Billion. The market is expected to grow at a CAGR of 8% and is anticipated to reach around USD 2.77 Billion by 2026.
Breast pumps are medical devices used to extract milk from the lactating mothers. These devices are useful for the employed women to continue providing breast milk to their babies while at work. In certain cases, these pumps help stimulate milk production when the babies are incapable of sucking milk. Furthermore, technological advancements such as the ability to separate fat content and instead surge high caloric value is projected to propel the global Breast Pump market growth.
Browse the full “Breast Pump Market By Product (Open System and Closed System), By Technology (Manual Pump, Battery Powered Pump, and Electric Pump), By Application (Personal Use and Hospital Grade), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-breast-pump-market-by-product-open-system-1012
Market Drivers:
The growing number of favorable reimbursement policies is likely to drive the growth of the breast pump market across the globe. Additionally, the offering of breast pumps under the Patient Protection and Affordable Care Act (PPACA), the women’s convenience. The increasing customer service, secured health plans, and varieties offered by various manufacturers coupled with the favorable insurance for positive child and mother health management will augment the growth of the global Breast Pump market. Apart from this, the rising number of working women and growing awareness about the immense advantage of breast pump is predicted to boost the market growth. Furthermore, the storing and filtering characteristics of breast pumps will further promulgate the global Breast Pump market expansion. Moreover, the supportive government initiatives and women employment encouragement will have a positive influence on the market. However, the high prices and low availability of breast pumps is projected to impede market development.
Market Segment Dominance:
·Open system category exhibits the highest CAGR in the global Breast Pump market
Open system category is projected to grow at a faster rate owing to the low maintenance cost, low complexity, easy-to-use mechanism, and product feasibility. Furthermore, the hygiene benefits attributed to the presence of suction parts on the external of the pump motors which, in turn, will bolster the growth of the open system in the Breast Pump market.
·Electric pumps category is projected to account for highest market share during the forecast period
Electric pumps category accounts for the majority of the market share in the global Breast Pump market. The growth of this category is attributed to the increasing option of customization and contamination-free milk storage and expression. Apart from this, the high operating speed of electric pump and separate adjustable suction will further upsurge the category growth.
·Hospital grade category exhibits the largest market share during the forecast period
Hospital grade category is anticipated to account for the highest CAGR during the forecast period. The growth is basically due to the growing number of births in the hospitals and the inability in mothers to breastfeed. The industry is growing owing to the demand for an external sources to feed the infants among the working mothers.
Regional Dominance:
·North America exhibits the majority of the market share during the forecast period
North America Breast Pump market is estimated to account for the highest market share in the global Breast Pump market during the forecast period. The dominance is attributed to the high requirement of favorable reimbursement policies and high disposable income in the region, thereby boosting the growth of the Breast Pump market. In addition to this, the growing awareness among mothers and secured healthcare setup will further boom breast pump industry development.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 1.62 Billion |
Projected Market Size in 2026 |
USD 2.77 Billion |
CAGR Growth Rate |
4.5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Ardo Medical, Inc., Acewin Co, Ltd., Ameda, Inc., Babybelle Asia Limited, Albert Hohlkörper Gmbh & Co Kg, Beldico, Frank Buettner GmbH, Pigeon Corporation, Koninklijke Philips N.V., Hygeia Medical Group, Bailey Medical Engineering, Linco Baby Merchandise Work Co. Ltd, NUK,Medela AG, Lansinoh Laboratories, Inc., and Spectra Baby. |
Key Segment |
By Product, By Technology, By Application, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Key Market Players:
Some of the key players in the global Breast Pump market include Ardo Medical, Inc., Acewin Co, Ltd., Ameda, Inc., Babybelle Asia Limited, Albert Hohlkörper Gmbh & Co Kg, Beldico, Frank Buettner GmbH, Pigeon Corporation, Koninklijke Philips N.V., Hygeia Medical Group, Bailey Medical Engineering, Linco Baby Merchandise Work Co. Ltd, NUK,Medela AG, Lansinoh Laboratories, Inc., and Spectra Baby.
This report segments the global Breast Pump market as follows:
Global Breast Pump Market: Product Segmentation Analysis
·Open System
·ClosedSystem
Global Breast Pump Market: Technology Segmentation Analysis
·Manual Pump
·Battery Powered Pump
·Electric Pump
Global Breast Pump Market: Technology Segmentation Analysis
·Personal Use
·Hospital Grade
Global Breast Pump Market: Regional Segmentation Analysis
-
North America
-
Europe
-
Germany
-
The UK
-
France
-
Spain
-
Italy
-
Rest of Europe
-
Asia Pacific
-
China
-
Japan
-
India
-
South Korea
-
Southeast Asia
-
Rest of Asia Pacific
-
Latin America
-
Brazil
-
Mexico
-
Rest of Latin America
-
Middle East & Africa
Rest of Middle East & Africa
About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Us:
Facts & Factors
Global Headquarters
Level 8, International Finance Center, Tower 2,
8 Century Avenue, Shanghai,
Postal - 200120, China
Tel: +86 21 80360450
Email: [email protected]
Web: https://www.fnfresearch.com
