As per our report, the global breast pumps market size is estimated to value USD 978.22 USD Million by 2026, which was USD 705 million in 2021. It is expected to grow at a CAGR of 6.77% during the forecast period. A breast pump allows greater autonomy and quality of life while reducing the risk of contamination. Therefore, increasing the demand for breast pumps in the coming years will fuel market growth.
The breast pump is a device used to extract milk from the breast by lactating women. The devices may be manual and automatic powered by hands and electricity, respectively. These devices are also designed appropriately to store the milk and can feed the baby later.
Breast pump provides enormous benefits to working women, such as the baby's milk can be managed very well according to different timings. It can be processed, filtered, and therefore working women generally prefer breast pumps. Besides, various governments that support women's jobs initiatives are expected to fuel business growth in breastfeeding pumps.
MARKET DRIVERS:
The rise in the number of working-class women worldwide is a crucial driving factor for the global breast pumps market to grow eventually. Rising birth rate, betterments in the healthcare service in the medical sector, and the government focus to improve the healthcare centers are propelling the growth rate of the breast pumps market.
Growing awareness over electric breast pumps, the increasing investments in the development of new devices with the latest technology are further expected to fuel the market growth. Constant growth in capital income and growing awareness in consumers through campaigns by both public and private organizations is also greatly influencing the growth of the global breast pumps market.
Furthermore, the market growth is attributed to insufficient maternity leave, rapid growth in the workplace population of women, and increased awareness of the advantages and value of breastfeeding. Other significant factors, like technological developments in electronic breast pumps, increased government spending on health care, and a favorable reimbursement scenario, will also aid in the growth of this market.
MARKET RESTRAINTS:
However, people in rural areas are less aware of these devices, and stringent rules and regulations by the government in approving new products are considered as the major challenging factors for the market to grow. The decreasing number of skilled labor is also impacting negatively on the growth of the breast pumps market.
Impact of COVID-19 on the global breast pumps market:
COVID-19 is a deadly disease that disrupted the shares of the market in an unexpected way. The breast pumps market has a slight downfall during the initial months of 2020 due to restrictions on the movement. In many countries, the government has imposed strict lockdown guidelines to lower the spread of the disease. During this period, there was a smaller number of sales when compared to the previous years. The mothers who have tested positive for the coronavirus have continued using the breast pumps during this pandemic. It is a known fact that breastfeeding a baby while the mother tested positive for COVID 19 is completely safe. In this case, all mothers in isolation are dependent on the breast pumps to avoid direct contact with the baby. So, all the government organizations increased the supply chain of breast pumps in 2020. It is esteemed that the market to grow enormously in the coming years.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2020 to 2026 |
|
Base Year |
2020 |
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Forecast Period |
2021 to 2026 |
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Segments Covered |
By Product Type, Application, Technology, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
This research report on the global breast pumps market has been segmented & sub-segmented based on the product type, application, technology, and region.
Breast Pumps Market - By Product Type:
Based on product type, the closed system breast pumps segment is the highest growing segment and revenue-generating segment due to more top benefits, such as the lower risk of mild formation and contamination. The segment accounts for 70% of the share in the global breast pumps market in 2020. The growing attention of the manufacturers majorly drives it in launching advanced technologically closed pump devices for efficient patient health management and also minimizes the chances of impurities.
The Open system breast pumps segment is anticipated to have quick and largest growth with a high CAGR rate over the review period. These open pumps are very affordable when compared to the closed pumps. These pumps can have a huge demand in the forthcoming years.
Breast Pumps Market - By Application:
Based on the application, the hospital-grade pumps segment is to showcase the largest revenue-producing segment. Growing support from government bodies is escalating the demand of the market. The increasing launch of new products with the latest technologies is elevating the growth rate of the market. An increasing number of births across the world is anticipated to fuel the demand of the market.
The Personal use pumps segment is likely to witness considerable growth during the forecasting framework. Accelerating customizable breast pumps, particularly to produce correct results, intensify the number of working mothers, and favorable government policies promote this segment's growth rate.
Breast Pumps Market - By Technology:
Based on technology, Battery-powered breast pumps can be divided into rechargeable battery-operated and primary battery-operated breast pumps. As these pumps work on batteries, they are small in size, easy to transport, and used efficiently as they do not depend on an external electricity source.
The electric pumps segment is to have a notable market growth rate. The operating speed of the electric pump is high as compared to manual pumps that are propelling the breast pumps market.
The manual pumps segment was accounted for 15% of the share in 2019 in the global market. Increasing investments in innovative products and rising awareness through digital platforms are likely to fuel the demand for this segment in the coming years.
Breast Pumps Market - By Region
Regionally, North America was the market leader in the global market in 2019. It is expected to remain so in the forecast mentioned above period by the quick adoption of advanced technologies and the launch of innovative products in favor of the consumers. Also, improving healthcare infrastructures with support from the government is enhancing the growth rate of the market. The United States is the leader in North America.
Europe is the second-largest market. The United Kingdom is the leader in this market. Growing disposable income in developed and developing countries is leveling up the growth rate of the market.
The Asia Pacific is the fastest-growing market and is likely to continue its growth streak in the forecast period.
Latin America and MEA are expected to showcase robust growth rates in the forecast period.
Top companies in the market
Key players in the global breast pumps market are Pigeon Group (Pigeon Corporation), Koninklijke Philips N.V., Ameda, Inc., Ardo Medical Ag, Evenflo Feeding, Inc. Other players in the market are Mayborn Group Limited (Shanghai Jahwa Co. Ltd), Spectra Baby USA, Albert Manufacturing USA (Albert Group), Hygeia Health, and others.
RECENT MARKET DEVELOPMENTS
In January 2019, the innovative research-based PersonalFit Flex breast shields were launched by Medela LLC to help mothers pump extra breast milk faster. This strategy helped the company to improve its product portfolio.
In October 2017, Philips unveiled the first clinical baby app, uGrow. This app has helped the parents monitor the baby's development. The release expected an improvement in the company's product range.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Closed System
5.1.3 Open System
5.1.4 Y-o-Y Growth Analysis, By Product
5.1.5 Market Attractiveness Analysis, By Product
5.1.6 Market Share Analysis, By Product
5.2 Technology
5.2.1 Introduction
5.2.2 Battery Powered
5.2.2.1 Recharge battery operated
5.2.2.2 Primary batter operated
5.2.3 Manual
5.2.4 Electric
5.2.5 Y-o-Y Growth Analysis, By Technology
5.2.6 Market Attractiveness Analysis, By Technology
5.2.7 Market Share Analysis, By Technology
5.3 Application
5.3.1 Introduction
5.3.2 Personal Use Pumps
5.3.3 Healthcare/hospital Grade Pumps
5.3.4 Y-o-Y Growth Analysis, By Application
5.3.5 Market Attractiveness Analysis, By Application
5.3.6 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Technology
6.1.3.4 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Technology
6.1.4.4 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Technology
6.1.5.4 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Medela LLC
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Pigeon Group (Pigeon Corporation)
8.3 Koninklijke Philips N.V.
8.4 Ameda, Inc.
8.5 Ardo Medical Ag
8.6 Evenflo Feeding, Inc.
8.7 Mayborn Group Limited (Shanghai Jahwa Co. Ltd)
8.8 Spectra Baby USA
8.9 Albert Manufacturing USA (Albert Group)
8.10 Hygeia Health
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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