The global breast pump market is estimated to reach a market value of US$ 830.4 million in 2019 and is forecast to reach US$ 1445.0 million by 2027, growing at an estimated CAGR of 7.2% over the forecast period.
Government-supported initiatives aimed at raising consumer awareness in emerging economies, increasing female employment rates, and improving healthcare infrastructure are some of the key drivers of growth.
Key initiatives are US government initiatives, such as regulations requiring insurance companies in their home countries to provide their patients with free equipment and services that promote breastfeeding, such as breast pumps and lactation counseling. As a result, the demand for breast milk pumps has increased significantly in the United States, the world's largest regional market.
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The birthrate in both developed and developing countries continues to soar. Post birth, many women on their lactation cycle, face difficulty in producing milk. A breast pump helps in stimulating lactation. Demand for breast pumps has also been on the rise as income earning women have taken the stage. There has been a conscious movement that highlights the importance of the advantages of breastfeeding to the health of an infant. Mid-20th century saw a trend of formula fed children, which was criticized. This coming back to basics is greatly aided by technological developments in the field. Today the market boosts of established players and also novel products by new entrants. The global breast pumps market is as much a localized entity as it is international, seeing many startups offering pioneering designs in breast pumps.
Key players operating in the Breast pump market are Major industry participants in the global breast pumps market include Albert Manufacturing USA, Bailey Medical, Buettner Frank GmbH, Edgewell Personal Care, Evenflo Feeding, Inc., Hygeia Health, Koninklijke Philips N.V., Lansinoh Laboratories, Linco Baby Merchandise Work's Co., Ltd., Mayborn Group Limited, Medela AG, Naya Health Inc., Newell Brands, Pigeon Corporation, Spectra Baby USA, Whittlestone, Inc.
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Breast pump Market Key Segments:
Breast pump Market By Technology:
- Open System
- Closed System
- Manual Pumps
- Battery Powered Pumps
- Electric Pumps
Breast pump Market By Geography
- Personal Use
- Hospital Grade
- North America
- The US.
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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Enclosed systems provide a barrier between the collection kit and the pumping device or motor to prevent contamination of collected milk. This barrier also prevents milk particles from entering the pump hose or motor. The device provides better safety for children's health, removes impurities as much as possible and is easy to clean. The introduction of portable devices like Ameda's Ameda HygieniKit is expected to lead the breast pump market during the forecast period.
Using SWOT analysis to gather and study all the information, you can see the competitive environment vividly in global Breast pump market. Openings for future market developments were revealed and likewise had a competitive advantage. Taking into account the drift and propensity of this market, it shows that the strategic direction is good. Understand your market base and understand your market data using standards, methodologies, and other driving market trends determined for reference.
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