COVID-19 Impact on Breast Pump Market | Pigeon Corporation, Ardo medical, Ameda, Koninklijke Philips N.V., Medela, Evenflo Feeding, Albert Hohlkörper GmbH & Co. KG, Mayborn Group Limited, Hygeia Healthcare, and Spectra Baby USA

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Life science Industry, and many more. Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall Breast Pump market globally. This report on 'Breast Pump market' provides the analysis on impact on Covid-19 on various business segments and country markets. The report also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

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According to The Insight Partners market research study titled 'Breast Pump Market to 2027 - Global Analysis and Forecasts by Product Type, Technology Type, Distribution Channel and Geography. The global breast pump market is expected to reach US$ 1,901.6 Mn in 2027 from US$ 1,070.25 Mn in 2018. The market is estimated to grow with a CAGR of 6.9% from 2019-2027.

The report highlights the trends prevalent in the global breast pump market and the factors driving the market along with those that act as challenges to its growth.

Market Insights

Increasing birth rates
Soaring birth rates among developing economies are responsible for fueling global baby boom. However, the rising birth rate also contributes to rising birth defects and inability of mothers to breast feed the child, due to different reasons such mothers death or mother suffering from severe disease such as hepatitis, AIDS, etc. According to a report published by Bill and Melinda Gates Foundation in 2018, there are almost 250 babies born every minute around the globe. Moreover, according to the Centers for Disease Control and Prevention, the fertility rates for Hispanic women were highest in 2017 among Hispanic women with 67.1 births per 1,000 women. Asian countries such as India and China also have high fertility rates due to factors such as effects of religion, inadequate supply of family welfare services, poverty, and others. According to the World Bank, the fertility rates in India were reported to be 2.23 births per women as compared to 1.80 in the United States and 1.62 in China. Moreover, neighboring countries in India, such as Pakistan also has alarming rates of fertility. In 2016, the birth rate in Pakistan was reported to be 3.48 births per woman as per the World Bank data. These rates are even more soaring in the African regions that are underdeveloped. Niger tops the fertility rate list in the world with 7.15 children per woman followed by Somalia with 6.12 children per woman. According to the World Bank, the Democratic Republic of Congo held the third top position with fertility rate of 6.0 per woman in 2018. The increasing number of parturient women across the world are thus likely to create increasing demand for human milk and thus the breast pumps across the globe leading to the growth of the market.

Growing number of human milk banks

There are several reasons when a newborn is not able to get the mother's milk. The reasons may include less lactation in a mother, and death caused immediately after delivery and hormonal imbalance, among others. However, feeding a newborn with mother's milk is essential for its growth and nutrition. Therefore, in any of the condition as mentioned above, human milk bank is a best-considered solution. In developed countries, there is a rising number of human milk banks, which are offering great help to the mother who has less production of milk. However, high sterilization and pasteurization are important for providing milk for a baby. For instance, in North America, Human Milk Banking Association of North America (HMBANA) has proposed accredited non-profit milk banks across the US and Canada. And it has also introduced international guidelines for pasteurized donor human milk. Similarly, across Europe, there is a rise in the number of human milk banks, and among the European countries, Italy has the highest number of milk banks.

Milk banks also offer memberships for women who can produce more milk. Milk banks are offering a good cause for improving babies' health. According to the Global Breastfeeding Score Card, it is stated that in countries such as China, India, Mexico, and others, more than 236,000 child deaths are caused due to inadequate breastfeeding. Therefore, there has been increase in the awareness for the benefits of donating breast milk, and the awareness has demanded the growth in the breast or human milk banks across the world. There are nearly more than 600 human milk banks in the upper and middle-income countries around the world.

Company Profiles

o Pigeon Corporation
o Ardo medical, Inc.
o Ameda, Inc.
o Koninklijke Philips N.V.
o Medela LLC
o Evenflo Feeding
o Albert Hohlkörper GmbH & Co. KG
o Mayborn Group Limited
o Hygeia Healthcare
o Spectra Baby USA

The report segments the global breast pump market as follows:

Global Breast Pump Market - By Product Type

o Electric Breast Pump
o Single Electric Breast Pump
o double Electric Breast Pump
o Manual Breast Pump

Global Breast Pump Market - By Technology Type

o Closed System Breast Pump
o Open System Breast Pump

Global Breast Pump Market - By Distribution Channel

o Consumer Stores
o Online Distribution

Global Breast pump Market - By Geography

o North America
o Europe
o Asia Pacific
o Middle East & Africa
o South & Central America

TOC of Market Report Contains:

o Industry Overview
o Production Market Analysis
o Sales Market Analysis
o Consumption Market Analysis
o Production, Sales and Consumption Market Comparison Analysis
o Major Manufacturers Production and Sales Market Comparison Analysis
o Major Type of Analysis
o Major Organization Size Analysis
o Industry Chain Analysis
o Global and Regional Market Forecast
o Major Manufacturers Analysis
o New Project Investment Feasibility Analysis
o And More...

Reasons To Buy

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the global market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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