Breast Pump Market Future Challenges and Industry Growth Outlook by 2020-2025
Category: #business  By Ronak Bora  Date: 2021-03-30
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Breast Pump Market Future Challenges and Industry Growth Outlook by 2020-2025

Breast Pump Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Global breast pump market is projected to witness a tremendous growth over the forecast period of 2019 to 2025 considering the growing healthcare infrastructure across several emerging economies along with the rising awareness regarding women’s health. Besides, various public and private associations having been  taking up prominent steps to promote women’s and newborns’ health, which will support the industry growth in the upcoming years.

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Speaking of healthcare infrastructure in developing economies, India is one of the few nations having hospital accreditation body recognized by the International Society for Quality in Healthcare (ISQua) and the National Board for Hospitals and Healthcare Providers (NABH). These organizations provide new entry-level accreditation for hospitals and healthcare providers. Additionally, introduction of unique hospital identification numbers along with information regarding geographical location of hospitals by Registry of Hospitals in Network of Insurance (ROHINI), is providing positive growth prospects for healthcare infrastructure.

Based on a report by GMI, breast pump market size is estimated to exceed USD 1.7 billion by 2025.

Closed system segmented across the breast pump market is expected to witness a commendable growth primarily due to increasing adoption of infection-free systems for preventing mold, viral and bacterial infections. Closed system breast pump is known for effectively reducing the possibility of mold growth and infectious particles. It is a hygienic solution consisting of a filter, which collects milk before it reaches the pumps working parts and hence provides better sanitary conditions.

Moreover, advantages such as enhanced durability of the breast pump will favor the segment growth over the ensuing years. For the record, in 2018, closed system segment had registered a notable revenue share of 86.4%.

Personal use segment accounted for a considerable revenue share in 2018 and is estimated to register a growth rate of 11.7% over the forecast period. This can be credited to shifting preference for personal use breast pump as it provides customization for efficient and optimal functioning. Various manufacturers in the industry offer breast pump accessories such as shields, valves, connectors and conversion kits. Further, several reimbursement policies pertaining to personal breast pump will positively influence the segment growth.

Battery-powered pumps segment had recorded a revenue share of 51% in 2018 and is projected to observe a similar trend over the upcoming years owing to rising product demand due to its high suction rate and cost-effectiveness. Some of the other advantages of battery-powered pumps include  ease of use, assembling  and clean and fast operating speed. These pumps enable faster collection of breast milk which makes it suitable to use for working women as it saves considerable amount of time. In addition, collection of milk from both breasts simultaneously will fuel the product demand.

Asia Pacific breast pump market held a significant revenue share of 11% in 2018 and is expected to register a substantial growth over the forthcoming years. The growth can be attributed to increasing adoption of breast pump along with profound initiatives by several government and non-government organizations for spreading awareness regarding breastfeeding. Moreover, technological developments, growing healthcare infrastructure and rising disposable incomes in China and India is estimated to support the regional growth.

Major industry players operating in breast pump market such as Beldico, Acewin Co, Ltd., Albert, Ameda, Inc., Linco Baby, Ardo Medical, Inc., Bailey Medical, Babybelle Asia Limited, Buttner-Frank GmbH, Medela AG, Hygeia Health, Lansinoh Laboratories, Inc., NUK, Koninklijke Philips N.V., Pigeon, etc. are focusing on implementing effective business strategies to gain a sizeable market share and strengthen their global footprint.

Citing an instance, in 2020, Medela China, one of the renowned manufacturers of breast pump, announced the establishment of its new office in Shanghai for strengthening its presence in China. The company stated that the country provides immense potential for the business considering a high birth rate of around 14 million in 2019 and lower rate of breastfeeding of 30%. In addition, the company is also focusing on raising awareness regarding benefits of breastfeeding and encouraging healthy lives for young mothers and their newborns. 

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/breast-pump-market

Partial Chapter of the Table of Content 

Chapter 4. Breast Pump Market, By Product

4.1. Key segment trends

4.2. Open system

4.2.1.  Market size, by region, 2014 – 2025

4.3. Closed system

4.3.1.  Market size, by region, 2014 – 2025

Chapter 5. Breast Pump Market, By Technology

5.1. Key segment trends

5.2. Manual pump

5.2.1.  Market size, by region, 2014 – 2025

5.3. Battery powered pump

5.3.1.  Market size, by region, 2014 – 2025

5.4. Electric pump

5.4.1.  Market size, by region, 2014 – 2025

Chapter 6. Breast Pump Market, By Application

6.1. Key segment trends

6.2. Personal use

6.2.1.  Market size, by region, 2014 – 2025

6.3. Hospital grade

6.3.1.  Market size, by region, 2014 – 2025

 

About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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