Breast Pump Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Mar 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Breast Pump market size is expected to be worth around US$ 6.53 billion by 2030, according to a new report by Vision Research Reports.

The global Breast Pump market size was valued at US$ 2.51  billion in 2020 and is anticipated to grow at a CAGR of 10.8% during forecast period 2021 to 2030.

Growth Factors

Improving healthcare infrastructure in emerging economies, increasing global women employment rates, and presence of favorable demographics are the key factors driving the market.

The market in the developed economies, such as the U.S., Germany, France, and Australia, is saturated, owing to the increasing demand and presence of key players in these regions. The emerging Asian and Latin American economies currently have a moderate adoption rate due to lower patient awareness levels. Economic development in these regions coupled with rising disposable income is anticipated to help the market ensure future sustainability.

Manufacturers investing in these rapidly-developing markets are expected to record high growth, provided pricing and distribution activities are undertaken effectively. Moreover, rising awareness about the benefits and importance of breastfeeding, rising disposable incomes, availability of the latest devices, and the presence of key companies are boosting the product demand in emerging markets. The rapid economic growth in these markets indicates higher product adoption.

Moreover, supportive initiatives being undertaken by the governments around the world are anticipated to propel the demand for the product. For instance, insurance companies in the U.S. have to cover the cost of equipment and services, such as breast pumps & accessories and lactation counseling. As a result, the purchase of the product has become easier for the end users, thereby supporting the growth of the market.

Most of the companies in the market have undertaken several business strategies, such as mergers & acquisitions, partnerships, and new product launches, to strengthen their foothold in the global market. For instance, in May 2017, Medela announced that it would conduct in-house to increase the accuracy of the feedback received by the company regarding its device. This is anticipated to increase patient compliance with the device. Some companies are also investing heavily in the research & development activities for product portfolio expansion.

Report Highlights

The electric pumps segment held the largest market share of over 49% in 2020 and is expected to grow further at the fastest CAGR over the forecast period. These products are powered by a motor and provide a lot more suction, making pumping significantly faster. The double pumping model decreases the time taken when compared to the normal pump. Often, electric pumps can be quite heavy and noisy but manufacturers continue to use advanced technology to create lightweight products that generate lesser noise.

Some key brands in this segment include Purely Yours Ultra Breast Pump by Ameda AG and Isis iQ Duo Breast Pump by Philips AVENT. Technological advancements with the introduction of portable instruments, such as Platinum electric breast pump by Ameda and Electric swing breast pumps by Medela, are expected to drive segment growth over the coming years.

The hospital-grade application segment held the largest revenue share of over 60% in 2020. The segment is anticipated to expand at the fastest CAGR over the forecast period. On the basis of application, the global market has been bifurcated into personal use and hospital-grade. The increase in the use of hospital-grade breast pumps is the major factor driving the segment growth.

Several factors, such as favorable government initiatives and an increase in women's employment rate, are also promoting segment growth. As per Eurostat, there has been a rise in the employment of women from 1993 to 2016 in most of the European countries; for instance, in Ireland, it has increased from ~40% in 1993 to ~65% in 2016.

The closed system product segment held the largest revenue share of more than 65% in 2020 and is also anticipated to witness the fastest growth rate over the forecast period. This growth can be attributed to the higher usage rates of these systems as they are more hygienic and contamination-free. The closed system product segment is expected to register significant growth over the forecast period due to high demand.

Closed system products contain a lid or a layer, which acts as a barrier between a collection kit and the pumping unit, or motor that prevents the contamination of collected milk. This protective layer also prevents the milk particles from entering the pump tubing or motor. These devices provide better safety, ensure maximum removal of impurities, and are easy to clean. The introduction of portable instruments, such as Ameda HygieniKit, is expected to drive the segment growth over the coming years.

North America dominated the global breast pump market in 2020 with a revenue share of more than 52% and is expected to retain the leading position throughout the forecast period. This growth is credited to the increased product penetration in the regional market on account of higher patient awareness levels, rising healthcare expenditure, and the presence of sophisticated healthcare infrastructure.

Asia Pacific is expected to be the fastest-growing regional market during the forecast period. This growth is attributed to the factors, such as high unmet consumer needs, constantly improving healthcare infrastructure, and growing customer awareness & disposable income levels. Europe is estimated to account for the second-largest revenue share by 2028 on account of high consumer awareness about the product and its benefits and the presence of well-established healthcare infrastructure.

Key Players

  • Ameda AG

  • Bailey Medical

  • Medela AG

  • Philips

  • Hygeia Health

  • Lansinoh Laboratories

  • Buettner Frank GmbH

  • Linco Baby Merchandise Works Co., Ltd.

  • Whittlestone, Inc.

Market Segmentation

  • Product Outlook 

    • Open System

    • Closed System

  • Technology Outlook 

    • Manual

    • Battery-powered

    • Electric

  • Application Outlook 

    • Personal Use

    • Hospital-grade

  • Regional Outlook 

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

The Breast Pump market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Breast Pump market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Breast Pump market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Breast Pump market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Breast Pump market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Breast Pump capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Breast Pump by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Breast Pump market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Breast Pump market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Breast Pump market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Breast Pump industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Breast Pump market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Breast Pump market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Breast Pump market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Breast Pump market. These factors have benefited the growth of the global market for Breast Pump. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Breast Pump. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Breast Pump are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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