Breast Pumps Market is expected to reach USD 855.88 million by 2023 | Some of the major companies dominating the Market are Pigeon Group, Koninklijke Philips, Ameda, Ardo Medical Ag, Evenflo Feeding, Spectra Baby USA, Albert Manufacturing USA, Hygeia Heal

Breast Pumps Market Overview:

Breast pumps are the medical devices used for extracting milk from the breast of lactating mothers. Mostly, these devices are utilized by working women to continue breastfeeding their babies while still at work.

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The growth of the breast pump market is accredited to inadequate maternity leave period, increase in working women population and rising awareness about the benefits and significance of breastfeeding. Other important factors, such as technological developments in electric breast pumps, rise in healthcare expenditure by the government, and favorable reimbursement scenario will also help in the market growth.

However, high maintenance requirement for hospital grade pumps and electrical battery pumps, high risk of contamination in open system breast pumps. In addition, high cost of breast pumps along with lack of awareness, particularly in under-developed countries, such as Bhutan, Afghanistan, and Nigeria are likely to restrain the industry growth.

Breast Pumps Market Forecast Report (2018-2023):

Global Breast Pumps Market worth was USD 618.86 million in 2018. It is expected to grow at a CAGR of 6.7% to reach USD 855.88 million by 2023.

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Breast Pumps Market Segmentation:

The market is classified by product type, application and technology. By product type the market is classified into open and closed. Closed system breast pump is both the highest growing section and revenue generating segment owing to high benefits, such as low risk of mold formation and contamination. By application the market is classified into Personal Use Pumps and Healthcare/hospital Grade Pumps. By technology the market is classified into Battery Powered, Manual, and Electric. Battery-powered breast pumps can be classified into rechargeable battery-operated and primary battery-operated breast pumps. As these pumps work on batteries, they are small in size, easy to transport, and can be utilized efficiently as they do not depend on an external electricity source.

By geography the market is divided into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. North America is the market leader and is approximated to remain so in the forecast period. US is the leader in North America. Europe is the second large market. UK is the leader in this current market. Asia Pacific is the fast-growing market and is likely to continue its growth streak in the forecast period. Latin America and MEA are approximated to showcase robust growth rates in the forecast period.

Key developments:

1. Jan 2018: The Freemie launched a portable breast pump that helps mothers to sleep while pumping
2. Jan 2017: The Willow has launched a portable breast pump that offer mothers freedom as they collect the milk while the mom moves.

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Breast Pumps Market Key Players:

Key players in the market are Pigeon Group (Pigeon Corporation), Koninklijke Philips N.V., Ameda, Inc., Ardo Medical Ag, Evenflo Feeding, Inc. Other players in the market are Mayborn Group Limited (Shanghai Jahwa Co. Ltd), Spectra Baby USA, Albert Manufacturing USA (Albert Group), Hygeia Health and others.

Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.

The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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