January 10, 2020
According to the report titled ‘Breast Pump Market Size By Product (Open System, Closed System), By Technology (Manual Pump, Battery Powered Pump, Electric Pump), By Application (Personal Use, Hospital Grade) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Japan, China, India, Brazil, Mexico, South Africa, Saudi Arabia), Application Potential, Competitive Market Share & Forecast, 2019 – 2025’, available at MarketStudyReport.com, the global breast pump market is expected to cross USD 1.7 billion by the year 2025.
According to the report, improving healthcare infrastructure in emerging economies is a major factor driving the breast pump market growth. Increasing number of working mothers coupled with favorable private and public initiatives which encourage healthy lifestyle are also aiding the expansion of the market.
Favorable reimbursement policies pertaining to the use of breast pumps are augmenting the demand for breast pumps across the globe. However, high costs of breast pumps will hinder the growth of the market.
As per product type, closed system breast pump market segment held 86.4% share in the year 2018 and is expected to register continuous growth during the forecast period. Rising adoption of infection-free systems which help prevent bacterial, mold, and viral infections are contributing toward the popularity of the product across the globe.
In terms of technology, battery-powered breast pump market segment accounted for 51% share in the year 2018 and is expected to grow substantially in the forthcoming years. Battery-powered breast pumps offer high suction rate and are cost-effective. Moreover, these products boast of high operating speed and are easy to assemble, clean, and use.
Based on application spectrum, the personal use segment held the largest share in the year 2018 and is estimated to grow by 11.7% during 2019-2025. These type of breast pumps offer personalization options for efficient and optimal functioning. This factor coupled with growing demand among working mothers and favorable compensation policies associated with personal use breast pumps will facilitate the business scenario.
Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/467784/
As per the regional landscape, the Asia-Pacific breast pump market held 11% share in the year 2018 and is projected to expand significantly by the year 2025. The growth is attributed to increasing government initiatives to create awareness about breastfeeding. Additionally, increasing utilization of breast pumps coupled with rising per capita income, especially in China and India are fueling the growth of the market.
The prominent companies operating in the breast pump market are Spectra Baby, Pigeon Corp., NUK, Medela AG, Linco Baby Merchandise Work’s Co. Ltd., Lansinoh Laboratories Inc., Koninklijke Philips N.V., Hygeia Medical Group, Frank Buettner GmBH, Beldico, Bailey Medical Engineering, Babybelle Asia Ltd., Ardo Medical Inc., Ameda Inc., Albert Hohlkörper Gmbh & Co Kg, and Acewin Co. Ltd.
Frequently Asked Questions (FAQ) :