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Abstract, Snapshot, Market Analysis & Market Definition: Breast Pump Market Industry / Sector Trends Breast Pump Market size was valued over USD 1 billion in 2018 and is expected to witness 7.8% CAGR from 2019 to 2025. Favourable reimbursement policies in developed economies will drive electric breast pump business growth. Under the Patient Protection and Affordable Care Act (PPACA), several insurance companies are offering variety of breast pumps for the ease of women’s convenience. Availability of insurance covered pumps by various companies is projected to fuel the demand for breast pumps. Additionally, different manufacturers offer customer service as well as secured health plans for effective child and mother health management thereby accelerates breast pump market growth. The growing rate of women employment will upsurge huge demand for breast pumps over the coming years. Breast pump offers immense advantages to working women, such as the milk can be managed very well for the baby according to different timings, it can be stored, filtered and hence working women generally prefer breast pumps. Moreover, numerous government supporting initiatives to encourage women employment is projected to propel breastfeeding pumps business growth. However, due to the prices of breast pumps, they are not easily affordable to the low middle-income group that might impede the market growth during forthcoming years. Market Segmentation, Outlook & Regional Insights: Breast Pump Market Breast Pump Market, By Product Open system segment is estimated to witness over 3% growth during the forecast timeframe. Open system requires minimum maintenance due to its simple design and has easy-to-use mechanism. These pumps offer hygiene benefits as the suction generating parts are external to pump motors that further create segmental growth opportunities. Closed system segment held around 70% revenue share in 2018 and is predicted to rise substantially by 2025. Focus of manufacturers on the introduction of technologically advanced closed systems for effective patient health management boosts breast pump market growth. Also, reduced chances of contamination have led to an increasing demand for closed systems. By Technology Electric pumps segment was valued around USD 300 million in 2018 due to various customization options coupled with contamination free milk expression and storage. The operating speed of electric pump is higher as compared to manual pumps and have separate adjustable suction that might propel the segmental growth. Manual pumps segment accounted for over 15% revenue share in 2018 and should exhibit lucrative growth over analysis period. Manual pumps are generally better to control the suction rate providing corrective and specific milk flow. Additionally, these pumps are conspicuous, handy and a convenient option while travelling due to zero requirement of electricity. Ease of sterilization and cleaning makes it a suitable choice for use. Germany Breast Pump Market Size, By Technology, 2018 (USD Million) By Application Hospital grade segment held a considerable revenue share in 2018 and is projected to show more than 7% CAGR during the forecast timeframe. The increasing number of births in hospital will raise the demand for hospital grade breast pumps. Hospital grade breast pumps can stimulate expression of breast milk among mothers that are unable to produce enough breast milk, thereby escalating its industry demand. Personal use segment accounted for more than USD 130 million in 2018 and is estimated to witness comparable demand over the analysis timeframe. Growing demand for a customizable breast pump that are designed specifically to deliver accurate results might augment segment growth. Also, the rising number of working mothers will further lead to a higher demand for such products in the near future. By Region North America breast pump market is estimated to witness over 6.5% CAGR during the forecast period. Factors such as favourable reimbursement policies and increasing disposable income in the region is driving the demand for breast pumps. Also, rising awareness among mothers and secured healthcare infrastructure will further boost breast pump industry growth. Asia Pacific breast pump industry is estimated to exceed USD 200 million by 2025. Regional growth can be attributed to rising alertness regarding advanced and innovative breast pumps. Moreover, a large patient pool in the Asia Pacific along with growing R&D investments in the healthcare market will accelerate the regional growth. Asia Pacific Breast Pump Market Size, By Country, 2025 (USD Million) Key Players, Recent Developments & Sector Viewpoints: Breast Pump Market Some of the prominent industry players operating in breast pump industry include Philips, Pigeon, Buettner-Frank, Bailey Medical, Albert, Acewin,Beldico, Ardo, Linco Baby Merchandise Work's, Ameda, Spectra Baby Products, Hygeia Health, NUK, Babybelle, Lansinoh Laboratories, and Medela. The market players are adopting numerous in-organic and organic strategies such as collaborations to increase their market share and expand the geographical footprint. Recent industry developments: In January 2019, Medela LLC, introduced the novel research based PersonalFit Flex breast shields to help mothers to pump additional breast milk faster. This strategy has helped the firm to enhance its product portfolio range In October 2017, Philips launched uGrow, the first medical baby app. This app has helped the parents to monitor every development of the baby. The launch has anticipated to surge the product portfolio of the company Breast Pump Industry Viewpoint In 1854, the first breast pump patent was introduced by Orwell H. Needham. His breast pump comprised of flanges made of supple rubber for more comfort. In 1874, Robert C. Gray and Charles E. Gassin made notable changes to the breast pump. Then in 1898, Joseph H. Hoover endeavoured breast pump gentler than those available. He combined spring and vacuum technology to make suction from the vacuum less abrupt and more comfortable. Later in 1905, Hubert H. Halstead improved Hoover’s invention by incorporating a true piston onto the breast pump. These advances continued and in 1908, Joel S. Gilbert conceived a breast pump for milk collection and suction. By 1942, Swedish engineer Einar Egnell introduced first hospital grade electric breast pump for ease of patient health. Numerous such introduction and innovations gave rise to hospital grade breast pumps for home use in 1999. Advent of technology in medicine and healthcare sustained till 2000s and in 2016, Pumpables were introduced to breastfeed the children. Breast pump allow greater independence and quality of life while minimizing the chance of contamination. Thus, growing demand for breast pumps will drive business growth during the forthcoming year Key Insights Covered: Exhaustive Breast Pump Market 1. Market size (sales, revenue and growth rate) of Breast Pump industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Breast Pump industry. 3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Breast Pump industry. 4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Breast Pump industry. Research Methodology: Breast Pump Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted 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 a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.
1 Report Overview 1.1 Research Scope 1.2 Major Manufacturers Covered in This Report 1.3 Market Segment by Type 1.3.1 Global Breast Pump Market Size Growth Rate by Type (2019-2025) 1.4 Market Segment by Application 1.4.1 Global Breast Pump Market Share by Application (2019-2025) 1.5 Study Objectives 1.6 Years Considered 2 Global Growth Trends 2.1 Production and Capacity Analysis 2.1.1 Global Breast Pump Production Value 2014-2025 2.1.2 Global Breast Pump Production 2014-2025 2.1.3 Global Breast Pump Capacity 2014-2025 2.1.4 Global Breast Pump Marketing Pricing and Trends 2.2 Key Producers Growth Rate (CAGR) 2019-2025 2.2.1 Global Breast Pump Market Size CAGR of Key Regions 2.2.2 Global Breast Pump Market Share of Key Regions 2.3 Industry Trends 2.3.1 Market Top Trends 2.3.2 Market Drivers 3 Market Share by Manufacturers 3.1 Capacity and Production by Manufacturers 3.1.1 Global Breast Pump Capacity by Manufacturers 3.1.2 Global Breast Pump Production by Manufacturers 3.2 Revenue by Manufacturers 3.2.1 Breast Pump Revenue by Manufacturers (2014-2019) 3.2.2 Breast Pump Revenue Share by Manufacturers (2014-2019) 3.2.3 Global Breast Pump Concentration Ratio 3.3 Breast Pump Price by Manufacturers 3.4 Key Manufacturers Breast Pump Plants/Factories Distribution and Area Served 3.5 Date of Key Manufacturers Enter into Breast Pump Market 3.6 Key Manufacturers Breast Pump Product Offered 3.7 Mergers & Acquisitions, Expansion Plans 4 Market Size by Type 4.1 Production and Production Value for Each Type | read more...