Breast Pumps Market Size to Achieve USD 890.73 million by 2030, Fueled by a CAGR of 4.6%: Says Allied Market Research

Allied Market Research recently published a report, titled, "Breast Pumps Market by Product Type (Closed System Breast Pumps, Open System Breast Pumps), by Technology (Manual Breast Pumps, Electric Breast Pumps), by Application (Personal Use Pumps, Hospital Grade Pumps): Global Opportunity Analysis and Industry Forecast, 2020-2030." According to the report, the global Breast Pump Market Size was valued at USD 461.10 million in 2020 and is poised to Reach USD 890.73 million by 2030 witnessing a Growing CAGR of 4.6% from 2022 to 2030.

What are the factors driving the Breast Pumps Market?

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.

The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining competitive edge in the market.

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Top Breast Pumps Companies:-

• Ameda, Inc.
• Medela AG.
• Pigeon Corporation.
• Philips
• Hygeia HMO
• Babybelle Asia Ltd.
• Linco Baby Merchandise Works Co. Ltd.
• Ardo medical AG
• Albert Manufacturing USA
• Willow Innovations, Inc.

Global Breast Pumps Market Segmentation:-

Based on product type, the open system breast pump 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.

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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KEY FINDINGS OF THE STUDY

• Depending on product type, the open system breast pump segment was the highest contributor to the market in 2020.
• According to technology, the electric breast pumps segment was the highest contributor to the market in 2020.
• As per application, the personal use segment was the highest contributor to the market in 2020.
• Region-wise, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

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 2030?
• Which region has more opportunities?

By Region Outlook

• North America
(U.S., Canada, Mexico)
• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
• LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

Contact Details:

David Correa
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
help@alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.