The size of the Breast Pumps market in Europe is estimated to be worth USD 225.76 million by 2026, which is valued at USD 164.78 million in 2021. It is expected to grow at a CAGR of 6.5% during the forecast period. It captures 25% of the global market.
The increasing birth rate across the region is the primary factor for market growth. Focus on developing healthcare services and improving the efficiency of medical devices is straightly accelerating the growth rate of the breast pumps market in Europe. Growing disposable income in developed and developing countries is additionally propelling the demand of the market. The rising number of breast milk donors is also enhancing the need of the market to the extent. Breast pump devices are easy to use and help working-class women store milk and feed their babies after completion of work. This attribute is actively promoting the demand of the market.
However, fluctuations in the prices of the products due to the increasing cost of raw materials used to manufacture breast pumps are slowly hampering the market's growth rate. In addition, people in rural areas are less aware of these devices, challenging factors for market developers. In addition, the shortage of skilled labor in manufacturing devices with the latest designs restricts the growth rate of the breast pumps market in Europe. Rapid changes in economic strategies may also negatively impact the growth of the market.
Growth opportunities for the market lie in the increasing support from both private and public organizations. Prevalence to improve healthcare services and promote quality medical devices is ascribed to boost the European breast pumps market demand. Introducing the latest breastfeeding equipment to reduce difficulties with advanced technology is significantly influencing the market's growth rate. Creating awareness through campaigns, especially in rural areas by government agencies, is an additional factor creating chances for the market to grow. Furthermore, rising capita income in developed and developing countries is expanding the market shares in Europe.
This research report on the European Breast Pumps market has been segmented and sub-segmented into the following categories:
By Product Type:
Regionally, the European breast pumps market was the second-largest regional market in the global market in 2020, and the UK was the leader in the European Breast Pumps market in 2020. Factors such as economic development and increasing discretionary income, growing women's employment growth rate, and an increase from 65.3% in 2016 to 66.5% in 2017 significantly boost the European Market. In addition, various initiatives for advancing consumer awareness by the government are also helping the market to rise further. Moreover, escalating healthcare infrastructure, particularly in developing countries which fuel the growth over the period. In the present situation, these breast pumps are hand-free pumps that accelerate this region's growth.
The UK Breast Pumps Market is expected to dominate the European region during the forecast period due to the rising birth rate and increased concentration on enhancing healthcare services. Additionally, growing expenses on healthcare, advanced technologies in breast pumps, and reimbursement policies are further estimated to fuel the UK market's growth rate.
The German breast pumps market is expected to grow at a healthy CAGR during the forecast period. In Germany, the women's employment rate had increased from 54.51% in 2014 to 55.03% in 2017. In developed countries like Germany and Poland, women use advanced technological devices in their daily lives to decrease the time spent on their normal regular activities. Moreover, the breast pumps market is marinated with growing demand in countries like Germany, Poland, and France. The existence of key players, financial and business development, and discretionary expenses are considered to propel the strength of the market in this region.
Countries like Italy, Spain, Russia, and Sweden are expected to have healthy growth rates in the forthcoming years.
KEY MARKET PLAYERS:
Companies playing a prominent role in the European Breast pumps market profiled in this report 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.
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
2.2 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
3.1 Executive Summary
3.2 Key Inferences
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
5.1.2 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
5.2.2 Battery Powered
188.8.131.52 Recharge battery operated
184.108.40.206 Primary batter operated
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
5.3.2 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
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Product
22.214.171.124 By Technology
126.96.36.199 By Application
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Product
220.127.116.11 By Technology
18.104.22.168 By Application
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Product
188.8.131.52 By Technology
184.108.40.206 By Application
7. Strategic Analysis
7.1 PESTLE analysis
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
8.1.2 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
a) List of Tables
b) List of Figures