Allied Market Research recently published a report, titled, “Breast Pumps Market by Product Type (Closed System Breast Pumps, Open System Breast Pumps), by Technology (Manual Breast Pumps, Electric Breast Pumps), by Application (Personal Use Pumps, Hospital Grade Pumps): Global Opportunity Analysis and Industry Forecast, 2020-2030.”
According to the report, the global ” According to the report published by Allied Market Research Breast Pumps Market Size was estimated at USD 461.10 million in 2020 and is Projected to Garner USD 890.73 million by 2030, registering a CAGR of 6.8% from 2021 to 2030.
Increase in number of working women across the globe, rise in healthcare expenditure by the government, favorable reimbursement scenario, and technological developments in electric breast pumps drive the demand for the global breast pumps market. However, risk of contamination with foreign substances and high pricing of breast pumps impede the market growth. On the other hand, surge in various developmental strategies among the key players, high market potential in untapped developing countries, and development of pipeline products are anticipated to pave the way for multiple opportunities in the industry.
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Top Breast Pumps Companies:
- Ameda, Inc.
- Medela AG.
- Pigeon Corporation
- Koninklijke Philips N.V.
- Hygeia Healthcare
- Babybelle Asia Ltd.
- Linco Baby Merchandise Works Co. Ltd.
- Ardo Medical AG.
- Albert Manufacturing USA
- Willow Innovations, Inc.
Breast Pumps Market Segmentation:-
Based on product type, the open system breast pumps segment held the lion’s share in 2020, contributing to more than half of the global breast pumps market, and is expected to continue its lead during the forecast period. Moreover, this segment is expected to witness the highest CAGR of 6.9% by 2030, owing to their wide availability. The report also includes an analysis of the gasification segment.
By technology, the electric breast pumps segment accounted for nearly three-fifths of the global breast pumps market share in 2020, and is anticipated to retain its dominance throughout the forecast period. This is owing to the rapid output and higher availability of single as well as double electric based breast pumps. Moreover, the same segment is expected to witness the highest CAGR of 7.0% by 2030.
By region, North America, garnered the major share in 2020, contributing to nearly half of the global breast pumps market and is expected to dominate the market during the forecast period. However, Asia-Pacific region is expected to witness the fastest CAGR of 8.2%. This is due to the rise in infant population, the surge in awareness regarding the importance of breast milk, and increasing employment among the women.
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KEY FINDINGS OF THE STUDY
• Depending on product type, the open-system breast pump segment was the highest contributor to the market in 2020.
• According to technology, the electric breast pumps segment was the highest contributor to the market in 2020.
• As per application, the personal use segment was the highest contributor to the market in 2020.
• Region-wise, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
By Region Outlook
North America
⦁ U.S.
⦁ Canada
⦁ Mexico
Europe
⦁ UK
⦁ Germany
⦁ France
⦁ Italy
⦁ Russia
⦁ Rest of Europe
Asia-Pacific
⦁ China
⦁ Japan
⦁ India
⦁ Australia
⦁ Rest of Asia-Pacific
LAMEA
⦁ Brazil
⦁ UAE
⦁ Turkey
⦁ Saudi Arabia
⦁ Rest of LAMEA
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