20 February 2020
Visiongain has launched a new pharma report Breast Pumps Market Report 2020-2030: Prospects by Product (Open System, Closed System), Technology (Manual Pumps, Battery Powered Pumps, Electric Pumps (Single Electric Breast Pump, Double Electric Breast Pump)), Application (Personal Use, Hospital Grade), and Geography.
Global Breast Pumps market is projected to grow on account of growing consumer awareness coupled with growing women employment rate in emerging economies. The global breast pumps market is projected to grow at a lucrative CAGR of ~8% and anticipated to surpass USD 4 billion by 2030.
Breast pumps are defined as medical devices used to extract milk from the mothers’ breasts. These devices are mostly used by women to continue to breastfeed their babies while they are still at the workplace. In some cases, physicians also suggest using breast pumps in order to enhance the supply of milk when the baby is unable to suck milk. For working women, breast pumps have emerged as an appropriate choice. Also, over the forecast period, it is anticipated that the global breast pumps market will witness a lucrative growth opportunity owing to advancements in technology, for instance, double breast pumps help in eliminating fat from milk and also replaces it with higher caloric value.
In addition, the advantages and value of breastfeeding are becoming increasingly among mothers. Despite global growth in literacy rates, people are now willing to incorporate advanced medical technology in their daily lives. This is largely due to increased knowledge and disposable income, as well as the availability of the latest gadgets due to the penetration of key players on the market.
Over the forecast period, electric breast pumps are anticipated to experience the highest growth and are anticipated to continue its dominance owing to the growing tendency towards the usage of advanced products. Electric breast pumps are operated by a motor that fits over the nipple and sucks milk through plastic tubing. It allows effective suction, makes the pumping process significantly faster & easier as it allows the pumping of both breasts simultaneously.
Sometimes, electric pumps can be quite noisy & heavy, however, manufacturers are investing in R&D to tackle this challenge. Various companies also provide electric pumps on a rent basis as few mothers are unable to purchase these devices due to budget constraints. Some of the major players in this segment are Ameda AG and Philips AVENT. The recent advancement in technology has resulted in the launch of portable devices such as Ameda's Platinum Electric Breast Pump and Medela's Electric Swing Breast Pumps, which are anticipated to boost the market further.
North America currently holds the majority of market share owing to the presence of numerous players in the region coupled with high female employment rates, healthcare expenditure, growing healthcare facilities, and awareness among women population. Also, working mothers are entitled to take breaks during work hours under the Affordable Care Act for breastfeeding, which in turn is anticipated to fuel North America's breast pump market growth.
Due to increased government investment in the healthcare sector and increased healthcare spending in the region, the Asian breast pumps market is expected to expand at the highest CAGR during the forecast period. Another factor driving its growth is the rising attention of prominent players on the Asian breast pumps market. In addition, emerging countries like India and China are anticipated to offer lucrative revenue generation avenues for market players over the forecast period.
Some of the major players operating in this industry are Acewin Co, Ltd., Albert Hohlkörper Gmbh & Co Kg, Ameda, Ardo Medical, Inc., Babybelle Asia Limited, Bailey Medical, Beldico, Buettner-Frank GmbH, Energizer Holdings, Inc., Handi-Craft Company, Hygeia Medical Group Ii, Koninklijke Philips N.V, Lansinoh Laboratories, Inc., Linco Baby Merchandise Works Co., Ltd., Mayborn Group, Medela, Inc., NUK, Pigeon Corporation, Spectra Baby, Whittlestone Inc among other prominent players.
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