Breast Pumps Market Size, Share, Growth, Trends, Production, Revenue, Sales and Forecast 2020 to 2027

The breast pumps market is likely to register a notable CAGR of 8.9% during 2020-2026. The breast pumps market size is expected to reach over US$ 4.89 bn by 2027 rising from US $ 2.35 bn in 2018.

The growth of the global breast pumps market is supported by increased government initiatives and augmented participation of women into the workforce. Various supportive government initiatives like breastfeeding initiative by UNICEF in the U.K. are likely to work in favor of the global breast pumps market. Such initiatives are anticipated to escalate the demand for breast pumps.

Increased awareness of natural lactation for babies, and difficulties experienced by women in producing milk due to worsening quality of health around the world are expected to drive major growth for the breast pumps market. Breast pumps introduce natural lactation among women. Natural breast milk is found to be beneficial for providing several health affects including increased protection from certain diseases. However, issues like breast pain among women can reduce the natural supply of milk or unable women to provide milk to babies. The increased advancements in breast pumps making it easier for women to engage in breastfeeding, and increased acceptance of the practice among working women is expected to drive growth of the breast pumps market.

Personal Use Expected to Drive Highest Growth

Conventionally, breast pumps became popular as they were introduced to women in hospitals to provide maximum comfort for new mothers. However, with growing hectic schedules, and stress at work, more women are adopting this practice on their own and their personal use is expected to drive highest growth in the breast pumps market. The personal use is expected to remain dominant in the market occupying nearly 85% market share during the forecast period. Breastfeeding can provide more protection for babies from allergies, eczema, and diseases like SIDS. The practice is also beneficial for protecting new-borns from ear infections, viruses, and inflammatory bowel disease. The rising awareness of its benefits will drive growth in the breast pumps market in near future.

Double Electric Breast Pumps to Drive Major Growth

The rising awareness of benefits of breastfeeding is apparent in type of breast pumps women purchase currently. Among several products in the market, the double electric pumps remain most popular, occupying 41% of share in the market. The double pumps help lactate more milk in a shorter time span, and one with higher energy content. It also results in an additional let-down reflex, which promises more milk for newborns. The pump also helps with more drainage management in the breast area which works in the advantage of working women. The growing product advancement making way for more comfort, and better nutrition for children are expected to drive growth for the breast pumps market.

Improved Healthcare System is Estimated to Generate Demand for Breast Pumps

The global breast pumps market is estimated to gather momentum from the improved healthcare infrastructure in many of the developing countries, such as India and China. It is of utmost importance for any country to meet the unmet health-related demand of the population, thereby providing better access to healthcare services. In addition, several initiatives are being taken by both private and public organizations to improve the health condition of women across the globe.

Increased employment of women in different parts of the world is likely to add to the impetus of the market over the tenure of assessment, from 2017 to 2025. Numerous reforms and improvements in the healthcare system is likely to work in favor of the market.

Increased awareness about the benefits of breast milk coupled with the rising demand for a healthy lifestyle is likely to generate demand for the breast pumps in the years to come. Apart from healthy breast milk, breast pumps are also easy to use, thus it is gaining traction amongst the working mothers.

On the other hand, the high cost of the breast pump is likely to impede the expansion of the global breast pumps market over the forecast tenure.

Presence of Several Leading Market Players to Boost North America Market

North America is likely to dominate the global breast pump market over the forecast tenure. The growth in the region is estimated to be spearheaded by the U.S. Rising awareness about the use of breast pumps coupled with a rise in the number of breast milk banks are estimated to help in the expansion of the regional market in the years to come. There has been a rise in the number of breast milk donors, which is likely to add impetus to the growth of the breast pumps market in the region. There has been a presence of several market players in the region, which has added momentum to the regional market over the assessment.

The Asia Pacific breast pumps market is poised to high growth during the assessment tenure due to augmented investment in the healthcare sector by the government of this region. This has led to increased healthcare expenditure in the Asia Pacific region. Leading market players have turned their attention toward this region as there exists a huge untapped market in the region. In addition, an increasing number of women has started working in the region, which opens up more opportunities for the global breast pumps market.

Key Players

The vendor landscape in the report covers various prominent players existing in the market and what business development strategies they are using. Spectra Baby USA, Mayborn Group Limited Evenflo Feeding, Ardo Medical Ag, Inc., and Albert Manufacturing USA are some of the prominent players present in the breast pumping market globally.

Segmentation

Product

• Single Electric Breast Pumps
• Double Electric Breast Pumps
• Manual Breast Pumps

Applications

• Hospital Grade
• Personal Use

Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • U.K.
  • Rest of Europe
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa
• Asia Pacific
  • China
  • Japan
  • India
  • Australia & New Zealand
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America

The Breast Pumps 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 Pumps market for the base year 2019 and the forecast between 2020 and 2027. 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 Pumps market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Breast Pumps 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 Pumps 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 Pumps 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 Pumps 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 Pumps market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. 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 Pumps market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Breast Pumps 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 Pumps 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.

Breast Pumps 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 Pumps 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 Pumps 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 Pumps market. These factors have benefited the growth of the global market for Breast Pumps. 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 Pumps. 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 Pumps are as follows:

• History Year: 2016-2019
• Base Year: 2019
• Estimated Year: 2020
• Forecast Year 2020 to 2027

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 (2016-2019) and forecast (2020-2027);
• 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.