Breast Pumps Market Size is Predicted to Register 7.8% CAGR till 2026: Grand View Research, Inc

June 11 06:51 2019
Breast Pumps Market Size is Predicted to Register 7.8% CAGR till 2026: Grand View Research, Inc

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Supportive government initiatives aimed at improving consumer awareness, increasing women employment rates, and improving healthcare infrastructure in emerging economies are some of the major driving factors for the breast pumps market growth.

According to a report, Breast Pumps Market Size, Share & Trends Analysis Report By Product (Open, Closed), By Application (Personal Use, Hospital Grade), By Technology (Manual, Battery Powered, Electric), And Segment Forecasts, 2019 – 2026, published by Grand View Research, Inc., The global Breast Pumps Market size is expected to reach USD 3.3 billion by 2026, according to a new report by Grand View Research, Inc. It is anticipated to progress at a CAGR of 7.8% over the forecast period. Increase in women employment, various government initiatives aimed at improving consumer awareness, and improving healthcare infrastructure in emerging economies are the key factors driving the growth.

Key Takeaways from the report:

  • Based on product, closed system segment is projected to expand at the fastest CAGR in terms of revenue over the forecast period owing to increased product adoption
  • On the basis of technology, electric pumps segment is expected to witness significant growth over the forecast period owing to increasing inclination towards technologically advanced products
  • Hospital grade application segment led the market in 2018, attributed to rising awareness regarding the benefit of breastfeeding and increasing product adoption, due to rise in women employment rate
  • Asia Pacific is estimated to witness the highest growth, due to constantly improving healthcare infrastructure and growing customer awareness pertaining to the benefits and application of the product
  • Some of the key companies present in the breast pumps market are Ameda AG; Bailey Medical; Energizer Holdings, Inc.; Hygeia Medical Group; Medela AG; Koninklijke Philips N.V.; Whittlestone, Inc.; Linco Baby Merchandise Work’s Co., Ltd.; Buettner-Frank GmbH; and Lansinoh Laboratories.

U.S. breast pumps market size, by product, 2015 - 2026 (USD Million)

 

Browse More Reports in Medical Devices Industry:

Hernia Mesh Devices Market: High incidence of hernia globally and improved patient outcomes by using meshes, which reduce operative and recovery time, are some of the factors contributing to hernia mesh devices market growth.

Ocular Implants Market: Increase in ophthalmic disorders such as glaucoma, scleritis, and Age-Related Macular Degeneration (AMD) is propelling demand for ocular implants.

Increasing women employment is expected to be a high-impact rendering driver for the market. Working women have a relatively higher disposable income and lesser time to breastfeed their babies, which is anticipated to boost the product demand. For instance, as per Eurostat, the women employment rate increased from 65.3% in 2016 to 66.5% in 2017. It becomes difficult for working women to provide proper nutrition to their babies, which has led to an increase in neonatal mortality. In such cases, breast pumps allow mothers to provide proper nutrition to their babies without hampering their professional life.

Furthermore, favorable health insurance plans might surge the product demand. Most health plans require consumers to purchase breast pumps of specific brands. Thus, manufacturers are entering into collaborations with insurance companies to enhance their market presence and market shares, thereby fueling growth of the breast pump market. 

Global breast pumps market share, by technology, 2018 (%)

Grand View Research has segmented the global breast pumps market on the basis of product, technology, application, and region:

Breast Pumps Product Outlook (Revenue, USD Million, 2015 – 2026)

  • Open System
  • Closed System

Breast Pumps Technology Outlook (Revenue, USD Million, 2015 – 2026)

  • Manual
  • Battery Powered
  • Electric

Breast Pumps Application Outlook (Revenue, USD Million, 2015 – 2026)

  • Personal Use
  • Hospital Grade

Breast Pumps Region Outlook (Revenue, USD Million, 2015 – 2026)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Greece
    • Italy
    • Poland
    • France
  • Asia Pacific
    • Japan
    • China
    • India
    • Thailand
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • UAE

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/breast-pumps-market

  Categories: