The global breast pump market size is expected to reach USD 3.0 billion by 2027, according to a new report by Radiant Insights, Inc., registering a CAGR of 6.0% over the forecast period. Rising number of working women globally, increasing incidences of lactation failure among women, and various government initiatives aimed at improving awareness regarding the benefits of breastfeeding are factors driving the market growth.
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Increasing women employment rates is expected to be a high-impact rendering driver for this market. Working women have a relatively higher disposable income and lesser time to breastfeed their babies, thus boosting product demand. For instance, according to Eurostat, women employment rate increased from 65.3% in 2016 to 66.5% in 2017. It is difficult for working women to provide proper nutrition to their babies owing to long work hours. Undernutrition is a main concern with reference to poor feeding. According to the WHO, an estimated 45.0% of child deaths are related to undernutrition. Additionally, few studies have observed a lactation failure rate among 23-63% women globally in the first four months post-delivery. Breast pumps allow mothers facing lactation failure and employment challenges to provide proper nutrition to their babies without hampering their professional life.
Furthermore, favorable health insurance plans are expected to drive product demand. Most health plans require consumers to purchase breast pumps of specific brands. Manufacturers are hence entering into collaborations with insurance companies to enhance their market presence and increase their market share, thereby driving breast pumps market growth.
Further key findings from the report suggest:
• The closed system segment is projected to register the highest CAGR over the forecast period as these pumps are relatively more hygienic
• On the basis of technology, the electric segment is expected to witness a significant growth rate over the forecast period owing to increasing inclination toward technologically-advanced products
• The hospital grade segment dominated the market in 2019 owing to the increase in awareness of the benefits of breastfeeding. Personal use pumps are expected to witness a significant CAGR over the forecast period owing to its cost effectiveness
• Asia Pacific is estimated to register the highest CAGR of over 8.0% in the global breast pumps market. This is attributed to a constantly improving healthcare infrastructure and growing customer awareness about the benefits and application of breast pumps
• Key companies in the market include Ameda AG, Bailey Medical, Hygeia Medical Group, Medela AG, Koninklijke Philips N.V., Linco Baby Merchandise Work's Co., Ltd., and Lansinoh Laboratories.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/breast-pump-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Information Procurement
1.2.1. Purchased database
1.2.2. GVR's internal database
1.2.3. Secondary sources & third party perspectives
1.2.4. Primary research
1.3. Information Analysis
1.3.1. Data analysis models
1.4. Market Formulation & Data Visualization
1.5. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Breast Pumps Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Product Pipeline Analysis, by Stage
3.4. User Perspective Analysis
3.4.1. Consumer behavior analysis
3.4.2. Market influencer analysis
3.5. List of Key End-users, by Region/by Country/by Product/by Technology/by Application
3.6. Regulatory Framework
3.6.1. Reimbursement framework
3.6.2. Standards & compliances
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/medical-devices
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Download Free Sample Report @ https://www.radiantinsights.com/research/breast-pump-market/request-sample
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| Breast Pump Market |
Increasing women employment rates is expected to be a high-impact rendering driver for this market. Working women have a relatively higher disposable income and lesser time to breastfeed their babies, thus boosting product demand. For instance, according to Eurostat, women employment rate increased from 65.3% in 2016 to 66.5% in 2017. It is difficult for working women to provide proper nutrition to their babies owing to long work hours. Undernutrition is a main concern with reference to poor feeding. According to the WHO, an estimated 45.0% of child deaths are related to undernutrition. Additionally, few studies have observed a lactation failure rate among 23-63% women globally in the first four months post-delivery. Breast pumps allow mothers facing lactation failure and employment challenges to provide proper nutrition to their babies without hampering their professional life.
Furthermore, favorable health insurance plans are expected to drive product demand. Most health plans require consumers to purchase breast pumps of specific brands. Manufacturers are hence entering into collaborations with insurance companies to enhance their market presence and increase their market share, thereby driving breast pumps market growth.
Further key findings from the report suggest:
• The closed system segment is projected to register the highest CAGR over the forecast period as these pumps are relatively more hygienic
• On the basis of technology, the electric segment is expected to witness a significant growth rate over the forecast period owing to increasing inclination toward technologically-advanced products
• The hospital grade segment dominated the market in 2019 owing to the increase in awareness of the benefits of breastfeeding. Personal use pumps are expected to witness a significant CAGR over the forecast period owing to its cost effectiveness
• Asia Pacific is estimated to register the highest CAGR of over 8.0% in the global breast pumps market. This is attributed to a constantly improving healthcare infrastructure and growing customer awareness about the benefits and application of breast pumps
• Key companies in the market include Ameda AG, Bailey Medical, Hygeia Medical Group, Medela AG, Koninklijke Philips N.V., Linco Baby Merchandise Work's Co., Ltd., and Lansinoh Laboratories.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/breast-pump-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Information Procurement
1.2.1. Purchased database
1.2.2. GVR's internal database
1.2.3. Secondary sources & third party perspectives
1.2.4. Primary research
1.3. Information Analysis
1.3.1. Data analysis models
1.4. Market Formulation & Data Visualization
1.5. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Breast Pumps Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Product Pipeline Analysis, by Stage
3.4. User Perspective Analysis
3.4.1. Consumer behavior analysis
3.4.2. Market influencer analysis
3.5. List of Key End-users, by Region/by Country/by Product/by Technology/by Application
3.6. Regulatory Framework
3.6.1. Reimbursement framework
3.6.2. Standards & compliances
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/medical-devices
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
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