World Breast Pump Market Forecast to 2024 with Philips Avent, Pigeon Corp, Medela, Ameda, and Hygeia Medical Group II Dominating the Landscape

Dublin, July 05, 2019 (GLOBE NEWSWIRE) -- The "Breast Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global breast pump market size was estimated to be around US$ 684 Million in 2018. The market is projected to grow at a CAGR of 6.5% during 2019-2024, reaching a value of around US$ 998 Million by 2024.

In recent years, the manufacturers have developed pumps that are safer and more efficient in collecting milk which has led to a rise in the sales of these devices. Moreover, increasing healthcare expenditure and improving access to medical devices have increased the demand for breast pumps worldwide.

Global Market Trends

Nowadays, working women are adopting the use of breast pumps as they help in feeding the baby when they are away for work. Moreover, the various government initiatives worldwide are helping to create awareness among females about the benefits and importance of breast feeding which, in turn, has generated huge demand for these pumps.

Apart from this, technological advancements in design and effectiveness, such as double pumping 2-phase expression technology, have helped in reducing the extraction time and providing maximum comfort. This technology also makes it easier for women to shift from breast feeding to pumping.

Breakup by Type

  • Open system
  • Closed system

Currently, closed system breast pumps represent the most popular product type, accounting for the largest market share. These pumps offer a more hygienic milk collection mechanism and help in preventing contamination.

Breakup by Technology

  • Battery-powered
  • Electric
  • Manual

Battery-powered pumps are witnessing the fastest growth on account of the numerous advantages offered by them, such as portability, light-weight, and no requirement of electricity points.

Breakup by Application

  • Personal Care
  • Hospitals

According to industry analysis, the personal care segment dominates the market as women prefer to use individual pumps in the comfort of their homes, having a personal device also helps in reducing the chances of cross-contamination.

Regional Insights

  • North America
  • Asia Pacific
  • Europe
  • The Middle East and Africa
  • Latin America

North America enjoys the leading position in the market owing to increasing awareness about breast feeding, advanced healthcare infrastructure and better access to these devices in the region. However, emerging economies such as Asia Pacific, Middle East and Latin America are also expected to witness steady growth in the upcoming years.

Competitive Landscape

The competitive landscape of the market has also been examined with the presence of a few small and large manufacturers who compete in terms of prices, innovation and quality. Some of the key players operating in the market are:

  • Philips Avent
  • Pigeon Corporation
  • Medela
  • Ameda
  • Hygeia Medical Group II

Key Topics Covered

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Breast Pump Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Type
5.4 Market Breakup by Technology
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research & Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Marketing
5.9.6 Distribution
5.9.7 End-Use
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes

6 Market Breakup by Type
6.1 Closed System Breast Pump
6.2 Open System Breast Pump

7 Market Breakup by Technology
7.1 Battery-Powered Breast Pump
7.2 Electric Breast Pump
7.3 Manual Breast Pump

8 Market Breakup by Application
8.1 Hospital
8.2 Personal Care

9 Market Breakup by Region
9.1 North America
9.2 Europe
9.3 Asia-Pacific
9.4 Latin America
9.5 Middle East & Africa

10 Breast Pump Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success & Risk Factors

11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Philips Avent
11.3.2 Pigeon Corporation
11.3.3 Medela
11.3.4 Ameda
11.3.5 Hygeia Medical Group II

For more information about this report visit https://www.researchandmarkets.com/r/cu0nfs

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Related Topics: Medical Devices