Global Breast Pumps Market, By Product (Open System Breast Pump and Closed System Breast Pump), Technology (Electric Breast Pump, Manual Breast Pump and Battery Powered Breast Pumps), End Users (Hospitals, Home Care and Others), Application (Personal Use Pumps and Healthcare/ Hospital Grade Pumps), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Breast Pumps Market
Data Bridge Market Research analyses that the breast pumps market will exhibit a CAGR of around 8.50% for the forecast period of 2021-2028. Rising prevalence of chronic diseases globally, ever-rising population and rising personal disposable income are the major factors attributable to the growth of breast pumps market.
A breast pump is a medical device that is particularly designed for application by lactating females. A breast pump is used to extract milk from the breasts of lactating mothers. Basically, there are three types of breast pumps available in the market namely electric breast pumps, manual breast pumps and battery powered breast pumps. Breast pumps help in preventing the spread of any kind of infection and further help in overcoming inverted of flat nipples. Breast pumps are used to stimulate lactation in women with low milk production capacities. In other words, breast pumps are the alternatives to breast feeding.
Rising pregnant population and increasing personal disposable income are the two of the major factors fostering the growth of breast pumps market. Rising expenditure to improve the healthcare infrastructure and improving access to quality medical devices is further creating lucrative growth opportunities for the breast pumps market. Increased focus of the manufacturers on the technological advancements and product innovations will also act as a significant market growth determinant.
However, high prices associated with breast pumps will act as a major market growth restraint. Availability of substitutes to breast milk in the market will further pose a major challenge to the market growth. Rising prevalence of fertility related problems is another obstacle for the breast pumps market.
This breast pumps market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on breast pumps market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Breast Pumps Market Scope and Market Size
The breast pumps market is segmented on the basis of product, technology, end users and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, breast pumps market is segmented into open system breast pump and closed system breast pump.
- On the basis of technology, the breast pumps market is segmented into electric breast pump, manual breast pump and battery powered breast pumps. Electric breast pump segment is sub- segmented into single electric breast pump and double electric breast pump.
- On the basis of end users, the breast pumps market is segmented into hospitals, home care and others.
- Based on application, breast pumps market is segmented into personal use pumps and healthcare/ hospital grade pumps.
Breast Pumps Market Country Level Analysis
The breast pumps market is analysed and market size insights and trends are provided by country, product, technology, end users and application as referenced above.
The countries covered in the breast pumps market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the breast pumps market and will continue to during the forecast period. This is because of the prevalence of a favourable reimbursement scenario and presence of major key players. Asia-Pacific on the other hand is set to project the highest CAGR for the forecast period. This is because of the rising expenditure of healthcare infrastructure, rising investments for research and development activities and increased focus of the government to empower the market in this region.
The country section of the breast pumps market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Breast pumps market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital health technologies market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the breast pumps market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Breast Pumps Market Share Analysis
The breast pumps market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to breast pumps market.
The major players covered in the breast pumps market report are Koninklijke Philips N.V., Bailey Medical., Magento, Inc., Babybelle Asia Ltd., Medela, Pigeon Corporation, Trust Healthcare., Ardo, The Holding Angelcare Inc, Newell Brands, Mayborn Group Limited, Linco Baby Merchandise Works Co., Ltd., Lansinoh Laboratories, Inc., Taiwan External Trade Development Council, TAITRA, Handi-Craft Company., NUK USA LLC, Mayborn USA Inc., Evenflo Feeding, Inc., Medtronic and Hologic, Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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