Global Breast Pumps Market Projected To Advance At A CAGR Of About 9.1% During 2020–2026 - ZMR

Global breast pumps market amassed revenue worth nearly 1.9 (USD Billion) in 2019 and will register a CAGR of nearly 9.1% during the period from 2020 to 2026.

According to forecasters at Zion Market Research, the global breast pumps market size was capitalized at USD 1.9 billion during 2019 and is anticipated to surge at a CAGR of more than 9.1% over the forecast period. The subsidiary government initiatives targeted at advancing consumer awareness, augmenting women’s employment rate, and upgrading healthcare infrastructure in budding countries are some of the key driving aspects for the growth. The subsidiary administrative initiatives, like the breastfeeding program by UNICEF in the U.K., are expected to positively contribute to the market growth. Such programs have resulted in the surge in the breastfeeding rate from 32% (2010) to 43% (2017), which has induced a rise in the requirement for breast pumps in Europe. Of late, the firms have been targeting on presenting portable breast pumps aiming the consumer segment, which is likely to result in a pitch in the global market share by 2026.

Some of the key players in the market are Linco Baby Merchandise Works Co., Ltd., Koninklijke Philips N.V., Hygeia Medical Group, Pigeon Corporation, Whittlestone, Inc., and Lansinoh Laboratories, Inc.

Advanced Healthcare System Anticipated To Generate The Demand For Breast Pumps

The breast pumps market globally is predicted to gather impetus from the advanced healthcare infrastructure in a number of the budding countries, like China and India. It is of the highest significance for any nation to meet the unfulfilled health-related demand of the population, thus presenting better access to healthcare services. Additionally, many initiatives are being taken by public and private organizations to augment the health condition of women around the world. The advanced employment of women in various parts of the world is expected to boost the market from 2020–2026. Several reforms and enhancements in the healthcare system are expected to work in support of the market. The growing awareness concerning the benefits of breast milk along with the increasing demand for a healthy standard of living is projected to impel the demand for breast pumps in the future.

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The global breast pump market is bifurcated based on the type, technology, end-users, and regional analysis. On the account of technology, the market is segmented into manual breast pump, single electric breast pump, electric breast pump, and double electric breast pump. On the basis of type, the market is divided in closed system breast pump and open system breast pump. Based on the end-users, the market is divided into hospitals and home care.

Presence Of Many Key Players In The North America Region To Boost The Global Breast Pump Market

Based on the geographical analysis, the global breast pump market is divided into Latin America, Asia Pacific, Europe, North America, and Middle East & Africa. The North America region is expected to rule the global breast pump market during the forecasted period. The development in the region is projected to be spearheaded by the U.S. The surging awareness regarding the utilization of breast pumps along with a pitch in the number of breast milk banks are expected to aid in the expansion of the domestic market in the future.

The global breast pumps market is segmented as follows:

By type:

Closed System Breast Pump
Open System Breast Pump

By technology:

Double Electric Breast Pump
Electric Breast Pump
Single Electric Breast Pump
Manual Breast Pump

By end-users:

Home Care

By region:

North America
The U.S.

The UK
Rest of Europe

Asia Pacific
South Korea
Southeast Asia
Rest of Asia Pacific

Latin America
Rest of Latin America

Middle East & Africa
South Africa
Rest of Middle East & Africa

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