Global Breast Pump Market (2021-2026) by Type, Technology, Distribution Channel, End User, and Geography , IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
The Global Breast Pump Market is estimated to be USD 912.50 Mn in 2021 and is expected to reach USD 1387.97 Mn by 2026, growing at a CAGR of 8.75 %.
Increasing technological advancements in medical devices, the rising number of newborns across the globe, increasing women's employment, increasing healthcare expenditure are the major driving factors for the Breast Pump Market. In addition, the presence of supportive government initiatives, raising awareness about the benefits and importance of breastfeeding and technological advancements towards breast-related diseases, and an increase in women's employment are the other factors driving the growth of the Global Breast Pump Market.
However, factors such as unfavorable options for reimbursement and high maintenance requirements for battery pumps and hospital-grade pumps may hinder the market's growth.
The Global Breast Pump Market is segmented further based on Type, Technology, Distribution Channel, End User & Geography.
By Type, the market is classified into Open System Breast Pumps and Closed System Breast Pumps.
By Technology, the market is classified into Single and Double Electric Breast Pumps and Manual Breast Pumps.
By Distribution Channel, the market is classified into Offline and Online Channels.
By End User, the market is classified into Ambulance Care Units, Home Care, and Hospitals.
By Geography, North America is expected to lead the market.
1. Elvie, the women's health tech pioneer behind a connected breast pump and intelligent pelvic floor exerciser, has topped up a Series C, which it announced to raise the total funds to USD 97 million. – 7th September 2021
2. Medela announced a new initiative to support breastfeeding mothers working away from their babies by awarding free milk shipping. The #MedelaMailMyMilk initiative is designed to support breastfeeding mothers to overcome the challenges of balancing work and breastfeeding, especially those who travel for work without a baby – 4th May 2021
Some of the companies covered in this report are Ameda Inc., Hygeia Medical Group, Koninklijke Philips N.V., Lansinoh Laboratories Inc., Linco Baby Merchandise Works Co. Ltd., Mayborn Group, Medela Inc., Pigeon Corporation, Energizer Holdings Inc., Universal Corporation Ltd., Chiaro Technology Ltd., Motif Medical, etc.
IGR Competitive Quadrant
The report includes the IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global Breast Pump Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence Proprietary competitive positioning tool.
A complete analysis of the market, including parent industry
Important market dynamics and trends
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
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