Breast Pump Market Size By Product (Open System, Closed System), By Technology (Manual Pump, Battery Powered Pump, Electric Pump), By Application (Personal Use, Hospital Grade), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Japan, China, India, Brazil, Mexico, South Africa, Saudi Arabia), Application Potential, Competitive Market Share & Forecast, 2018 – 2024
Published Date: Jun 2018 | 200 Pages | Report ID: GMI729 | Authors: Sumant Ugalmugale, Shradha Mupid Report Format: PDF
Breast Pump Market size was valued at USD 983.4 million in 2017 and is expected to witness over 7.5% CAGR from 2018 to 2024.
Germany Breast Pump Market, By Product, 2013 – 2024 (USD Million)
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Increasing demand for breastfeeding and surging adoption of breast pump are aspects driving breast pump market growth. Rising women employment rate coupled with increasing population are factors anticipated to boost business growth. According to the Center for Economic & Policy Research (CEPR), in 2016, in Canada, Germany, Japan, UK and France, the employment rate for women has been growing thus such factor is boosting industry growth. Additionally, favourable reimbursement policies and improving healthcare infrastructure is projected to impact positively on breast pumps market growth.
Supporting initiatives undertaken by government to ensure that women receive benefits of breastfeeding and provisions regarding reasonable break time for breastfeeding mothers further drives business growth. Breast pump offer immense advantages to the working women that include timing feasibility, the milk can be stored, and filtered.
High cost associated with breast pump hampers market growth as many mothers need affordable pump with high efficiency of pumping and precise filtration. Another factor responsible for hindering market growth is risk of milk contamination that mostly happens in open type of system.
Breast Pump Market, By Product
Surging demand for closed system is attributable to associated advantages provided by closed system and increasing adoption of closed system for pumping. Benefits with closed system pump include proper filtration, thus reducing growth of mold or other infectious particles & hygiene is maintained. The closed system segment dominated and accounted for 85.9% market share in 2017.
Open system segment is estimated to grow at a CAGR of 2.8% over the forecast timeline. The growth is attributed to factors such as open system requires less maintenance as well as are less expensive as that of closed system. However, there is a possibility of cross infection in open system thus they are less preferred than closed systems.
Breast Pump Market, By Technology
Battery powered breast pump accounted for 53.3% market share in 2017, on an account of wide-ranging advantages provided by battery powered that include portability, light-weight, no requirement of electric spot, and rechargeable battery. Such features ensure convenience and thus battery powered segment held largest market share.
Electric breast pump segment is anticipated to grow at a CAGR of 10.6% from 2018 to 2024, due to rising demand for electric breast pump and advances in technology. These technological advances include multiple settings such as adjustable suction levels, and custom-made suction to imitate baby's sucking patterns. Furthermore, electric pump requires less effort as compared to manual pump thereby, boosts business growth.
Breast Pump Market, By Application
Escalating demand for hospital grade breast pump is due to rising adoption of hospital grade pump coupled with advent in technology that include enhancing suction of high amount of breast milk collection. Hospital grade is estimated to progress at a CAGR of 7.1% from 2018 to 2024. Moreover, hospital grade pump provides easy and fast use along with hygiene that encourages customer buying behaviour thus, rendering positive impact on the market.
Personal use segment accounted for 11.9% market share in 2017 and is anticipated to grow lucratively during the forecast timeframe. The growth is attributable to factors such as, benefits offered in customization, reduction of cross-contamination as well as prolonged usage.
Breast Pump Market, By Region
U.S. market held over 80% of industry revenue share in 2017. Favourable reimbursement scenario coupled with surging adoption of breast pump are aspects determining domination of U.S. market share in North America. Other aspects that are responsible for such high market share are availability of enhanced breast pump and rising demand from working women that require to manage work and baby’s feeding.
Germany market is estimated to witness 9.6% CAGR over forecast time due to surging demand for breast pump and increasing employment rate of women in Germany. Launch of advanced breast pumps is projected to render positive impact in coming years.
Indian market is projected to witness around 16% growth over the coming years owing to the rapid population growth and improving healthcare infrastructure. Additionally, many developments and initiatives to improve the healthcare access will fuel the forecast business growth.
Competitive Market Share
Key industry players of global breast pumps market are Acewin, Albert, Ameda, Ardo, Babybelle, Bailey Medical, Beldico, Buettner-Frank, Hygeia Health, Lansinoh Laboratories, Linco Baby Merchandise Work's, Medela, NUK, Philips, Pigeon, and Spectra Baby Products. Launch of new products that are enhanced with additional features that fulfils customized requirement of mother coupled with organic, inorganic strategies are being adopted by prominent players to maintain the foothold in industry.
For instance, in November 2016, Medela introduced smart breast pump Sonata to deliver hospital level performance in personal use breast pump thus, the company expanded existing product portfolio by launch of Sonata.
Breast Pump Industry Background
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Emerging economies offer high growth potential owing to increasing population and improving healthcare infrastructure. Introduction of advanced breast pump that generate less noise and are more safe and efficient to collect milk are certain factors propelling industry growth. Major industry players are emphasizing on acquisition and novel product launch to increase their revenue and geographic expansion in industry.
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