BRIC Breast Pump Market Size, Share, Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

  • TBI401822
  • August 01, 2019
  • Global
  • 132 pages
  • HCCResearch
                                          

Abstract, Snapshot, Market Analysis & Market Definition: Global BRIC Breast Pump Market

The global BRIC Breast Pump market size is projected to reach US$ 313.6 million by 2026, from US$ 169.49 million in 2020, at a CAGR of 10.8% during 2021-2026. Declining infant mortality rate, growing awareness among mothers, improving healthcare infrastructure, and increasing number of milk banks are some of the key factors anticipated to drive the market. The decline in infant mortality rate in the BRIC (Brazil, Russia, India, and China) region is an indicator of improved healthcare facilities, better living standards, and enhanced economic growth. It also translates to widening consumer base. All these factors have a positive impact on the sale and adoption of breastfeeding accessories. As per the World Bank, infant mortality in Brazil has declined from 17.7 infants per 1,000 live births in 2010 to 13.5 infants per 1,000 live births in 2016. The organization also reported that in China, infant mortality has dropped from 13.5 infants per 1,000 live births in 2010 to 8.5 infants per 1,000 live births in 2016. Such a significant dip in mortality rate of infants in BRIC nations is expected to increase the sales of breast pumps. Moreover, higher demand for breast milk storage is resulting in growing demand for and establishment of milk banks across the region. Milk banks is one of the recent progressive initiatives that have proven extremely beneficial to mothers and babies. They offer a much-need solution to mothers that are unable to supply breast milk to their child for several reasons.

Market Segmentation, Outlook & Viewpoint: Global BRIC Breast Pump Market

Product Market Segmentation & Outlook (Volume, Units Sold; Revenue, USD Million, 2014 - 2026)

  • Open System
  • Closed System

Technology Market Segmentation & Outlook (Volume, Units Sold; Revenue, USD Million, 2014 - 2026)

  • Manual
  • Battery Powered
  • Electric

Application Market Segmentation & Outlook (Volume, Units Sold; Revenue, USD Million, 2014 - 2026)

  • Personal Use
  • Hospital Grade

Key Players, Recent Developments & Regional Insights: Global BRIC Breast Pump Market

On the basis of product, the market can be segmented into open systems and closed systems. Closed systems dominated the market in 2017 and the segment is also expected to witness the fastest growth over the forecast period. These devices contain a barrier that separates the pumping motor from the milk collection kit, thereby eliminating the risk of milk contamination. The product design makes closed system breast pumps more hygienic for usage. In the open system variants, there is no barrier separating the pumping mechanism and the collection kit, thereby risking contamination of the milk through impurities such as smoke, dust, pet hair, airborne bacteria, pollution, and viruses.

Technology Insights

On the basis of technology, breast pumps can be segmented into manual, battery powered, and electric. In 2017, the battery powered segment dominated the market and accounted for around 60.0% of the overall market. These devices are likely to retain their leading position throughout the forecast period owing to increasing inclination toward technologically advanced products among lactating mothers and growing awareness of various new and upcoming breastfeeding accessories. On the other hand, electric breast pumps are expected to witness the fastest growth over the forecast period, registering a CAGR of 13.5%. This can be attributed to increasing investments in research and development to manufacture more technologically advanced products with additional features. Leading players have been resorting to R&D as a go-to strategy for business expansion.

Application Insights

On the basis application, the BRIC breast pump market is segmented into personal use and hospital grade. Devices for hospital use dominated the overall market in terms of revenue in 2017, accounting for close to 90.0%. This is owing to high usage rates and greater patient influx at hospitals and other healthcare facilities. Hospital grade pumps are designed and approved by the US FDA for multiple users. These devices can be used by more than one mother because they are designed with barriers that prevent cross contamination. Such factors are positively impacting the hospital grade segment.

Country Insights

In the BRIC region, Russia dominated the market in 2017 owing to supportive government laws and policies, decreasing infant mortality rate, growing awareness, and presence of key players. Brazil presents lucrative growth opportunities as far as breastfeeding accessories are concerned. A recent breastfeeding law in Sí£o Paulo states that any organization or business that prevents mothers from breastfeeding in public would be charged a fine of £100 (USD 142). Such supportive laws are expected to drive the Brazil market. China is poised to surpass Russia to be the leading market by 2026, fueled by favorable maternity leave policies, massive population, and supportive breastfeeding campaigns to increase awareness among mothers. Women working at different levels in an organization are given equal benefits during pregnancy in China, a factor that has been much appreciated. Such factors are slated to benefit the market for breast pumps.

BRIC Breast Pump Market Share Insights

Some of the key companies present in the industry are Newell Brands, Inc.; Pigeon Corporation; Koninklijke Philips N.V.; Medela LLC; and Mayborn Group Limited. These players focus on growth strategies such as launch of new products, mergers, and acquisitions. For instance, in 2016, Ardo launched a new product under Clinistore Disposable Bottles and Clinicare Pumpset. Expansion of the product portfolio is expected to increase its penetration rate in the global market.

Key Insights Covered: Global BRIC Breast Pump Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of BRIC Breast Pump industry. 2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of BRIC Breast Pump industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of BRIC Breast Pump industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of BRIC Breast Pump industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of BRIC Breast Pump industry.

Research Methodology: Global BRIC 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 other

Table of Contents
Chapter 1 Report Scope
1.1 Segment Market Scope
1.2 Regional Scope
1.3 Estimates and Forecast TimelineChapter 2 Methodology
2.1 Research Methodology
    2.1.1 Information procurement
2.2 Information or Data Analysis
2.3 Market Formulation & Validation
2.4 Region Wise Market Calculation
    2.4.1 Region Wise Market: Base Estimates
    2.4.2 Global Market: CAGR Calculation
2.5 Region Based Segment Share Calculation
2.6 Model Details
    2.6.1 Commodity flow analysis (Model 1)
    2.6.2 Volume price analysis (model 2)
2.7 List of Secondary Sources
2.8 List of Primary Sources
2.9
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