Dublin, Nov. 01, 2021 (GLOBE NEWSWIRE) -- The "Global Breast Pump Market By Application (Hospital Grade and Personal Use), By Technology (Electric Pumps, Battery-powered Pumps and Manual Pumps), By Product (Closed System and Open System), By Regional Outlook, Industry Analysis Report and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Breast Pump Market size is expected to reach $4 billion by 2026, rising at a market growth of 13.8% CAGR during the forecast period. The medical device which is utilized to pump out breast milk from lactating women is called a breast pump. There are two models of a breast pump which are available in the market viz. electric breast pump & manual breast pumps. In addition, electric breast pumps are available in two types: Double electric breast pumps & single electric breast pumps.
The global increase in the literacy rate leads to the keen interest of people in adopting more advanced medical technologies in their daily lives. In developed countries like the U.S., & Germany, the market is saturated due to the rising demand for the products & the presence of leading market players in these regions. On the other hand, developing nations in Asia & Latin America have witnessed a very low adoption rate. But, the surge in economic growth along with the increasing disposable income of patients is predicted to open new gateways for the market growth in these regions.
There are many favorable government initiatives in the U.S. like the provision which needs insurance organizations to cover equipment & services that promote breastfeeding for example, breast pumps & lactation counselling, without incurring any cost to the patient. These kinds of initiatives are augmenting the demand for the product in the market. The advantages of the health plans may differ from place to place owing to the absence of specific laws, which are estimated to be more cost-efficient for the end-users.
Application Outlook
Based on Application, the market is segmented into Hospital Grade and Personal Use. The hospital-grade application market category procured a significant revenue share in the market in 2019. It is estimated that this segment will continue to grow at a prominent CAGR during the forecast period. The rising utilization of hospital-grade breast pumps is the main factor that contributes to the growth of this segment.
Technology Outlook
Based on Technology, the market is segmented into Electric Pumps, Battery-powered Pumps and Manual Pumps. The electric pumps segment acquired the largest market share in 2019 and is likely to increase at a prominent growth rate during the forecast period. These electric pumps are operated by a motor & offer more suction that allows faster pumping. The double pumping reduces the time taken to pump milk in comparison to the normal pump. Mostly, electric pumps are a bit heavy & can create noise but manufacturers are using more advanced technologies to make them lightweight with less noise generation.
Product Outlook
Based on Product, the market is segmented into Closed System and Open System. The closed system product market segment garnered maximum revenue share of the market in 2019 and is also expected to register higher CAGR during the forecast period. It is due to the increasing use of these systems because of their hygienic & contamination-free nature. The closed system product market segment is anticipated to witness a substantial CAGR during the forecast period, owing to its higher demand.
Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Based on region, North America emerged as the dominating region of the global breast pump market and is likely to continue its dominance during the forecast years. This growth is attributed to the rise in the penetration of the product market in this region due to high awareness among patients, increasing healthcare expenditure, & the presence of advance medical infrastructure.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Koninklijke Philips N.V., Energizer Holdings, Inc., Pigeon Corporation (Lansinoh Laboratories), Hygeia Health, Inc., Linco Baby Merchandise Works Co., Ltd., Ameda, Inc. (Platinum Products Holding Inc.), Medela AG, Handi-Craft Company, Mayborn Group Limited, and Albert Manufacturing USA.
Unique Offerings from the Publisher
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Breast Pump Market by Application
3.1 Global Hospital Grade Market by Region
3.2 Global Personal Use Market by Region
Chapter 4. Global Breast Pump Market by Technology
4.1 Global Electric Pumps Market by Region
4.2 Global Battery-powered Pumps Market by Region
4.3 Global Manual Pumps Market by Region
Chapter 5. Global Breast Pump Market by Product
5.1 Global Closed System Market by Region
5.2 Global Open System Market by Region
Chapter 6. Global Breast Pump Market by Region
Chapter 7. Company Profiles
7.1 Koninklijke Philips N.V.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments
7.1.5.1 Partnerships, Collaborations, and Agreements
7.2 Energizer Holdings, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expenses
7.3 Pigeon Corporation (Lansinoh Laboratories)
7.3.1 Company Overview.
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Recent strategies and developments
7.3.4.1 Product Launches and Product Expansions
7.4 Hygeia Health, Inc.
7.4.1 Company Overview
7.5 Linco Baby Merchandise Works Co., Ltd.
7.5.1 Company Overview
7.6 Ameda, Inc. (Platinum Products Holding Inc.)
7.6.1 Company Overview
7.6.2 Recent strategies and developments
7.6.2.1 Product Launches and Product Expansions
7.7 Medela AG
7.7.1 Company Overview
7.7.2 Recent strategies and developments
7.7.2.1 Partnerships, Collaborations, and Agreements
7.7.2.2 Product Launches and Product Expansions
7.8 Handi-Craft Company
7.8.1 Company Overview
7.9 Mayborn Group Limited
7.9.1 Company Overview
7.10. Albert Manufacturing USA
7.10.1 Company Overview
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