Global Breast Pump Market Size, Share, Forecast Report, 2020-2027

The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Breast Pump Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Breast Pump market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global breast pumps market size was valued at USD 1.9 billion in 2019 and is expected to register a CAGR of 6.0% over the forecast period. The demand for breast pumps is attributed to the presence of government initiatives aimed at improving consumer awareness levels, growing women employment rates, increasing incidences of lactation failure among mothers, and improving healthcare infrastructure in emerging economies.

Supportive initiatives undertaken by organizations and governments, such as the breastfeeding initiative by the UNICEF in U.K., are anticipated to positively influence the market growth. Such initiatives have reportedly led to an increase in breastfeeding rate from 32.0% in 2010 to 43.0% in 2017 in Scotland, which further drives the regional market growth.

Similarly, government initiatives in U.S. include provisions that mandate insurance companies in America to cover the costs of equipment and services that promote breastfeeding, i.e. breast pumps and lactation counseling, at no cost to the patient. As a result, the product demand has increased significantly in U.S., which is the largest market for breast pumps globally.

Moreover, the consumers for this market segment, i.e. lactating mothers, are becoming increasingly aware about the benefits and importance of breastfeeding. With an overall increase in literacy rates globally, people are now keen on adopting advanced medical technologies in their everyday lives. This is mainly on account of increasing awareness, rise in disposable incomes, as well as availability of advanced breast pump devices in the market, which is primarily attributed to the extensive geographic presence of key market players.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Breast Pump market are included as given below:

The key players in the market areAmeda AG, Bailey Medical, Hygeia Medical Group, Medela AG, Koninklijke Philips N.V., Linco Baby Merchandise Work’s Co., Ltd, and Lansinoh Laboratories. Key players adopt strategic initiatives such as mergers, acquisitions, partnerships, and product launches in order to sustain their presence in the market. For instance, in October 2017, Philips launched uGrow, an infant-tracking app, which helps parents monitor the development of their baby. Innovations such as these are further expected to drive the product demand.

The global Breast Pump market has been segmented as below:

• Product Outlook (Revenue, USD Million, 2016 - 2027)

  • Open System

  • Closed System

• Technology

  • Manual

  • Battery Powered

  • Electric

• Application

  • Personal Use

  • Hospital Grade

• Global Breast Pump Market by Region

• North America
• Europe
• Asia Pacific
• Rest of the World

Reasons to Purchase this Report:

Estimates Breast Pump development trends with SWOT analysis

• Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
• Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
• Market dynamics scenario, along with growth opportunities for players in the years to come
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects