Breast Pump Market size to exceed USD 1.5bn by 2025
Published Date: August 23, 2019 Authors: Sumant Ugalmugle
Breast Pump Market size is set to exceed USD 1.5 billion by 2025; according to a new research report by Global Market Insights, Inc.
Improving healthcare infrastructure in developing economies is projected to drive overall breast pump market growth. Providing better health access and effective healthcare services, in unmet necessity is the priority for any economy. Various initiatives undertaken by private and public organizations to improve women health will favor business growth. Increasing rate of women employment will thus propel the demand for breastfeeding pumps. Moreover, several healthcare reforms and improvements in healthcare system will upsurge business growth over the forthcoming years.
Growing awareness and need for a healthy lifestyle as well as ease of convenience should positively impact the industry growth. Breast pumps are extensively used to provide breast stimulation to increase and maintain a sufficient supply of milk. Inclination of female population towards breast pumps that are designed to mimic the suckling of a nursing baby is increasing over the recent years. Surge in demand for various breastfeeding pumps including electric breast pump will thus spur market size during the forecast period. However, high costs associated with breast pumps may hinder industry growth in developing and under-developed countries.
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Closed system segment was valued over 900 million in 2018 and will show tremendous growth trend during the forecast timeline. Segment growth is majorly attributed to growing adoption of these infection-free systems that prevent mold, viral and bacterial infections. The filter systems aid better sanitary conditions, thus making the closed systems preferable amongst the population.
Battery powered pumps segment held significant revenue share in 2018 and will witness around 6.5% CAGR by 2025, owing to cost-effectiveness coupled with high suction rate. There are several advantages associated with battery-powered pumps such as ease of use and ease of cleaning pumps. Additionally, wide availability of batteries and fast operating speed will foster the demand for battery powered breastfeeding pumps.
Hospital grade segment accounted for more than 75% revenue share in 2018 and is poised to show profitable growth during the forthcoming years. Higher efficacy rate and rise in the number of maternity clinics are some of the major factors contributing to the segmental revenue growth. Additionally, increasing birth rates & lesser risk of cross-contamination will further stimulate segmental growth.
Browse key industry insights spread across 125 pages with 79 market data tables & 14 figures & charts from the report, “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, 2019 – 2025” in detail along with the table of contents:
North America breast pump market was valued around USD 600 million in 2018. Awareness among women pertaining to breastfeeding and high working female population are some of the factors driving the market growth in North America. Focus of tech startups in North America on developing technologically advanced breast pumps should augment the overall regional growth.
Few of the eminent business players functioning in breast pump market include Bailey Medical, Ardo, Medela, Albert, Beldico, Acewin, Buettner-Frank, Ameda, Babybelle, Hygeia Health, Lansinoh Laboratories, Philips, Linco Baby Merchandise Work's, NUK, Spectra Baby Products and Pigeon. Several initiatives including mergers and acquisitions undertaken by the market players to capitalize on market opportunities should spur industry size over the coming years. For instance, in April 2019, Medela launched Medela Symphony PLUS, a direct rental program, to support the maintenance and initiation of breast milk supply significantly. Furthermore, in September 2018, Femtech Brand Elvie, launched a silent wearable pump that fits into the nursing bra. Elvie Pump uses its proprietary technology to detect the amount of milk in the bottle, enabling it to identify bottle condition. The new product launch enabled company to strengthen its product portfolio and gain more revenue.
Breast Pump market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:
Breast Pump Market By Product, 2014-2025 (USD Million)
- Open System
- Closed System
By Technology, 2014-2025 (USD Million)
- Manual Pumps
- Battery Powered Pumps
- Electric Pumps
By Application, 2014-2025 (USD Million)
- Personal Use
- Hospital Grade
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East Asia & Africa
- South Africa
- Saudi Arabia