Breast Pumps Market Set to Soar: Predicted to Surpass USD 890.73 Million by 2030
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, Breast Pump Industry was pegged at $461.10 million in 2020 and is expected to reach $890.73 million by 2030, growing at a CAGR of 6.8% from 2021 to 2030.
This report provides a comprehensive overview of the Breast Pumps Market, including an in-depth analysis of market trends, key segments, investment opportunities, value chain analysis, regional landscape, and competitive scenarios. It offers valuable insights for established market players, new entrants, investors, and other stakeholders to devise effective strategies and make informed decisions to enhance their market position. The report is a valuable resource for anyone seeking to gain a deeper understanding of the Breast Pumps Market and its growth potential in the future.
𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨-
- The outbreak of the Covid-19 pandemic negatively impacted the global breast pump market. A large number of clinics and hospitals around the world were reconfigured to boost hospital capacity for theCovid-19 patients. Due to the substantial increase in Covid-19 cases, non-essential procedures took a potential backlog.
- Manufacturing and shipping of healthcare essentials were both disrupted due to the imposed lockdown. The Covid-19 pandemic resulted in lockdown restrictions and the availability of mothers at home, thus lowering the demand for breast pumps.
- However, following the pandemic, women will begin to return to work, and the prior trend will continue, stabilizing the market over the projected period.
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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.
𝐓𝐨𝐩 𝐁𝐫𝐞𝐚𝐬𝐭 𝐏𝐮𝐦𝐩 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 𝐜𝐚𝐧 𝐛𝐞 𝐝𝐨𝐧𝐞 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐟𝐚𝐜𝐭𝐨𝐫𝐬, 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠:
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
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, the 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 women.
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are main factors responsible for new product launch?
- How big is the global & regional market in terms of revenue, sales and production?
- How far will the market grow in forecast period in terms of revenue, sales and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
- Which region has more opportunities?
By Region Outlook
- North America
(U.S., Canada, Mexico) - Europe
(Germany, France, UK, Italy, Spain, Rest of Europe) - Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific) - LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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