Breast Pumps Market Size By Product, By Technology, By End-user, By Geographic Scope and Forecast


Posted February 13, 2020 by jennysmith

Breast Pump Market was valued at USD 0.72 Billion in 2018 and is projected to reach USD 1.24 Billion by 2026, growing at a CAGR of 7.01% from 2019 to 2026.

 
Breast Pumps Market Size And Forecast
According to Verified Market Research, the Breast Pump Market was valued at USD 0.72 Billion in 2018 and is projected to reach USD 1.24 Billion by 2026, growing at a CAGR of 7.01% from 2019 to 2026.

What is Breast Pumps?
A breast pump is a medical device used for extracting milk from the breast of lactating mothers. The milk can be stored for later use. These devices are mostly used by employed women to continue breastfeeding their babies while still at work. In some cases, when the baby is unable to suck milk, doctors recommend women to use a breast pump to stimulate milk supply. Currently, there are two models of breast pumps available in the market namely, electrical and manual breast pumps. The U.S. working mothers usually prefer automatic electronic breast pumps. These automatic breast pumps have the adjustable suction level and variable cycling time. Double pumps help reducing pumping time as they drain both breasts at the same time and more effectively.

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Global Breast Pumps Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The global breast pump market is primarily driven by the increasing number of the launching of novel advanced breast pumps in the market. For instance, in November 2016, Medela AG launched Sonata, a smart breast pump connected to a mobile app called MyMedela. Moreover, a growing number of newborns across the globe, technological advancements, rising women employment, rising awareness, and favorable reimbursement policies are further expected to propel the market.

Furthermore, another major factor boosting the market growth includes an increasing number of women joining the general workforce and the advent of the concept of human milk banks. However, declining birth rates, increasing aging population, and diseases & fertility-related issues and availability of breast milk substitutes are key factors might limit the market growth.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Breast Pumps Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market. This can be of great use in gaining knowledge about cutting-edge technologies in the market.

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Global Breast Pumps Market Competitive Landscape
The “Global Breast Pump Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Medela, Inc., Ameda, Lansinoh Laboratories, Inc., Handi-Craft Company, Mayborn Group, Linco Baby Merchandise Works Co., Ltd., Koninklijke Philips N.V , Hygeia Medical Group Ii, Pigeon Corporation, and Whittlestone Inc.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Global Breast Pumps Market Segmentation, by Product

• Open System Breast Pump
• Closed System Breast Pump

Global Breast Pumps Market Segmentation, by Technology
• Electric Breast Pump
o Single Electric Breast Pump
o Double Electric Breast Pump
• Manual Breast Pump

Global Breast Pumps Market Segmentation, by End-user
• Hospital
• Home Care

Global Breast Pumps Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
• Rest of the World

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Issued By vmr
Country United States
Categories Business , Industry , Research
Tags breast pumps , breast pumps market , breast pumps market trends
Last Updated February 13, 2020