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Breast Pump Market 2020 growth factors, latest trend and regional analysis of leading players by 2025

Author : Ronak Bora | Published Date : 2020-09-10 

Breast Pump Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Improving healthcare infrastructure in emerging economies is anticipated to boost overall breast pump market growth. Globally, India is considered among the 20 nations and also one of the six non-OECD member nations that have accreditation hospital organization which is recognized by the International Society for Quality in Healthcare, and the NABH (National Board for Hospitals and Healthcare Providers). Moreover, various initiatives taken by private and public sectors for improving women’s health will also fuel the market growth.

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As per a research report by GMI, breast pumps market is estimated to surpass $1.7 billion valuation by 2025.   

The increasing rate of women’s employment is further likely to drive the demand for breastfeeding pumps over the coming years. Over the recent years breast pumps have become a boon for working moms as they offer more convenience in breastfeeding infants. In fact, according to the U.S. Department of Labor, approximately 47% of the workers in the U.S, are women. This is a trend that is being witnessed all across the globe. Considering the growth of this demographic, breast pumps are becoming a mainstay of a working mom’s life. Key industry players are launching different types of breast pumps, including manual pumps, double electric pumps, and electric pumps among others.

In 2018, the closed system accounted for a significant revenue share of over 86.4%, the segment will further outline an appreciative growth trend over the forecast time period. The segment growth is mainly because of the rising adoption of infection-free systems that usually prevent bacterial, mold, and viral infections. These system pumps are considered much more hygienic since they have a barrier, like a filter, catching milk before it reaches the working parts of pumps. In fact, the filter systems offers better sanitary conditions, making it a more superior option among the target population. Additionally, benefits like longevity of the breast pump is likely to favor substantial segmental growth.

The personal use application segment held a substantial revenue share in the year 2018 with forecasts that anticipate that the segment would witness growth of more than 11.7% over the analysis period. Personal-use breast pumps provide customization options for optimal and efficient functioning. Several breast pump manufacturing companies offer breast pump accessories like connectors, conversion kits, shields, and valves. The growing demand for breast pump for personal use amongst working mothers and availability of customization choice will drive the market growth. Furthermore, several reimbursement policies for breast pump for personal use will also stimulate the segment growth.

In addition, there are numerous advantages linked to the use of breast pumps. Breast pump use induces lactation; utilizing breast pumps in a comfortable, vacuum condition have proven to boost milk production levels during lactation. Further breast pumps are considered a good option for extracting and storing milk for the baby, providing it nourishing and vital nutrients even when the mother is not available to directly feed the infant. For an infant, having access to the mother’s milk is essential as it supports their development and boosts immunity.

From a regional perspective, in 2018, the APAC breast pump industry accounted for more than 11% with estimates projecting that it is likely to observe substantial CAGR over the forecast time period. The growth is ascribed to the growing adoption of breast pumps and rising efforts by several government as well as non-government organization to increase the level of awareness around breastfeeding in the region. The increasing disposable incomes in countries such as China and India coupled with technological advancements and growing developments in the region’s healthcare infrastructure will boost the regional market.

Buttner-Frank GmbH, Pigeon, Ardo Medical, Inc., Lansinoh Laboratories, Inc, Acewin Co, Ltd., Bailey Medical, Ardo Medical, Inc., Linco Baby, Babybelle Asia Limited, Koninklijke Philips N.V., Ameda, Inc., Medela AG, Bailey Medical, Albert, NUK, and Hygeia Health among others are the key players operating in the market today. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/breast-pump-market

Partial Chapter of the Table of Content 

Chapter 4. Breast Pump Market, By Product

4.1. Key segment trends

4.2. Open system

4.2.1.  Market size, by region, 2014 – 2025

4.3. Closed system

4.3.1.  Market size, by region, 2014 – 2025

Chapter 5. Breast Pump Market, By Technology

5.1. Key segment trends

5.2. Manual pump

5.2.1.  Market size, by region, 2014 – 2025

5.3. Battery powered pump

5.3.1.  Market size, by region, 2014 – 2025

5.4. Electric pump

5.4.1.  Market size, by region, 2014 – 2025

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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