The
global breast pump market size is expected to reach USD
3.0 billion by 2027, according to a new report by Grand View Research, Inc.,
registering a CAGR of 6.0% over the forecast period. Rising number of working
women globally, increasing incidences of lactation failure among women, and
various government initiatives aimed at improving awareness regarding the
benefits of breastfeeding are factors driving the market growth.
Increasing
women employment rates is expected to be a high-impact rendering driver for
this market. Working women have a relatively higher disposable income and
lesser time to breastfeed their babies, thus boosting product demand. For
instance, according to Eurostat, women employment rate increased from 65.3% in
2016 to 66.5% in 2017. It is difficult for working women to provide proper
nutrition to their babies owing to long work hours. Undernutrition is a main
concern with reference to poor feeding. According to the WHO, an estimated
45.0% of child deaths are related to undernutrition. Additionally, few studies
have observed a lactation failure rate among 23–63% women globally in the first
four months post-delivery. Breast pumps allow mothers facing lactation failure
and employment challenges to provide proper nutrition to their babies without
hampering their professional life.
Furthermore,
favorable health insurance plans are expected to drive product demand. Most
health plans require consumers to purchase breast pumps of specific brands.
Manufacturers are hence entering into collaborations with insurance companies to
enhance their market presence and increase their market share, thereby driving
breast pumps market growth.
Browse full research report on Breast
Pump Market: https://www.grandviewresearch.com/industry-analysis/breast-pumps-market
Further key
findings from the report suggest:
- The closed system
segment is projected to register the highest CAGR over the forecast period
as these pumps are relatively more hygienic
- On the basis of
technology, the electric segment is expected to witness a significant
growth rate over the forecast period owing to increasing inclination
toward technologically-advanced products
- The hospital grade
segment dominated the market in 2019 owing to the increase in awareness of
the benefits of breastfeeding. Personal use pumps are expected to witness
a significant CAGR over the forecast period owing to its cost
effectiveness
- Asia Pacific is
estimated to register the highest CAGR of over 8.0% in the global breast
pumps market. This is attributed to a constantly improving healthcare
infrastructure and growing customer awareness about the benefits and
application of breast pumps
- Key companies in the
market include Ameda AG, Bailey Medical, Hygeia Medical Group, Medela AG,
Koninklijke Philips N.V., Linco Baby Merchandise Work's Co., Ltd., and
Lansinoh Laboratories.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/breast-pumps-market/request/rs1
Grand
View Research has segmented the global breast pumps market on the basis of
product, technology, application, and region:
Breast Pumps
Product Outlook (Revenue, USD Million, 2016 - 2027)
- Open System
- Closed System
Breast Pumps
Technology Outlook (Revenue, USD Million, 2016 - 2027)
- Manual
- Battery Powered
- Electric
Breast Pumps
Application Outlook (Revenue, USD Million 2016 - 2027)
- Personal Use
- Hospital Grade
Breast Pumps
Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Greece
- Italy
- Poland
- France
- Spain
- Ukraine
- Russia
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Thailand
- South Korea
- Indonesia
- Malaysia
- Australia
- Pakistan
- Myanmar
- Rest of Asia
Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Peru
- Venezuela
- Middle East and
Africa
- Saudi Arabia
- South Africa
- UAE
- Turkey
- Rest of Middle East
& Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment