Press release
Breast Pumps Market 2023 : Check How Key Trends and Emerging Drivers are shaping this Industry Growth
Breast Pumps Market
Allied Market Research has published a study report with the title Breast Pumps Market Size was Valued at USD 569.49 million in 2020, and is Projected to Garner USD 1.2 billion by 2030 registering a CAGR of 7.8% from 2021 to 2030.
Drivers, restraints, and opportunities-
Increase in number of working women across the globe, rise in healthcare expenditure by the government, favorable reimbursement scenario, and technological developments in electric breast pumps drive the demand for the global breast pumps market. However, risk of contamination with foreign substances and high pricing of breast pumps impede the market growth. On the other hand, surge in various developmental strategies among the key players, high market potential in untapped developing countries, and development of pipeline products are anticipated to pave the way for multiple opportunities in the industry.
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Top Companies of Breast Pumps: -
Ameda, Inc.
Medela AG.
Pigeon Corporation
Koninklijke Philips N.V.
Hygeia Healthcare
Babybelle Asia Ltd.
Linco Baby Merchandise Works Co. Ltd.
Ardo Medical AG.
Albert Manufacturing USA
Willow Innovations, Inc.
Breast Pumps Market Segmentation: -
Based on product type, the open system breast pumps segment held the lion's share in 2020, contributing to more than half of the global breast pumps market, and is expected to continue its lead during the forecast period. Moreover, this segment is expected to witness the highest CAGR of 6.9% by 2030, owing to their wide availability. The report also includes an analysis of the gasification segment.
By technology, the electric breast pumps segment accounted for nearly three-fifths of the global breast pumps market share in 2020, and is anticipated to retain its dominance throughout the forecast period. This is owing to the rapid output and higher availability of single as well as double electric based breast pumps. Moreover, the same segment is expected to witness the highest CAGR of 7.0% by 2030.
By region, North America, garnered the major share in 2020, contributing to nearly half of the global breast pumps market and is expected to dominate the market during the forecast period. However, Asia-Pacific region is expected to witness the fastest CAGR of 8.2%. This is due to the rise in infant population, the surge in awareness regarding the importance of breast milk, and increasing employment among the women.
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
Which are the driving factors responsible for the growth of market?
Which are the roadblock factors of this market?
What are the new opportunities, by which market will grow in coming years?
What are the trends of this market?
Which are main factors responsible for new product launch?
How big is the global & regional market in terms of revenue, sales and production?
How far will the market grow in forecast period in terms of revenue, sales and production?
Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
How will each segment grow over the forecast period and how much revenue will these segments account for in 2028
Which region has more opportunities?
By Region Outlook
North America
⦁ U.S.
⦁ Canada
⦁ Mexico
Europe
⦁ UK
⦁ Germany
⦁ France
⦁ Italy
⦁ Russia
⦁ Rest of Europe
Asia-Pacific
⦁ China
⦁ Japan
⦁ India
⦁ Australia
⦁ Rest of Asia-Pacific
LAMEA
⦁ Brazil
⦁ UAE
⦁ Turkey
⦁ Saudi Arabia
⦁ Rest of LAMEA
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