Global Breast Pumps Market Booming Trends and Forecast Assessment for the Period 2017 – 2025

Albany,USA, 2018-Apr-17 — /EPR Network/ —In order to study the various trends and patterns prevailing in the overall market for Global Breast Pumps, Market Research Reports Search Engine (MRRSE) has included a new report titled “Global Breast Pumps Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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With a few larger companies holding the largest stake, the global breast pumps market exhibits an oligopolistic vendor landscape. Among the most prominent players, companies such as Philips, Medela, and Ameda Breastfeeding Solutions are currently enjoying a stronghold, finds MRRSE in a new study. Because of its medical importance, a majority of consumers prefer investing in products by prominent brands. However, there is a considerable number of local players supplying breast pumps via indigenous network of distributors. Hence, they are able to make very little contribution toward the global breast pumps market. According to MRRSE, Medela LLC emerged dominant in the overall market in 2016. Besides this, some of the other notable market players include Pigeon Group (Pigeon Corporation), Evenflo Feeding, Inc., Spectra Baby USA, Mayborn Group Limited, and Hygeia Health.

According to MRRSE, the global breast pumps market is expected to reach US$4,164.6 mn by the end of 2025, from US$1,971.8 mn in 2016. Considering these market figures hold true, the global breast pumps market will report a positive 8.9% CAGR between 2017 and 2025. Regionally, North America held the leading market share in 2016. However, over the course of the report’s forecast period, the Asia Pacific market is likely to exhibit a higher CAGR of 9.4%.

Rising Women Employment Positively Impacts Global Breast Pumps Market

Various factors are supporting the expansion of the global breast pumps market. For instance, the rising rate of women employment, coupled with supportive government initiatives, has proved a boon for the market. These initiatives not only helped improving the overall healthcare infrastructure but also got robust schemes for spreading awareness on track. The cumulative effect of these factors are reflected positively on the global breast pumps market, augmenting overall sales witnessed over the last few years.

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Besides these, factors such as the escalating birth rate, especially among emerging nations provide lucrative opportunities to the market. The United Nations has estimated by the end of 2050 the likelihood of the global population to reach 9.7 billion. Having said that, the growth in population is also indicative of attractive prospects awaiting the market players in the near future. Alongside rising women employment worldwide, the rising disposable income of consumers will have a positive impact on the market as well. To capitalize on prevailing opportunities across emerging nations, several companies are looking to invest therein. This will definitely give the breast pumps market in emerging nations a significant impetus.

Global Breast Pumps Market: Regional Outlook

Geographically, the global breast pumps market has been categorized into five major regions and the key countries in the respective region: North America (the U.S., Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (Japan, India, China, Australia & New Zealand and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East & Africa (GCC Countries, South Africa and Rest of Middle East & Africa). The market size and forecast in terms of value (US$ Mn) and volume (Units) for each of these regions and the mentioned countries have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year. The research study also covers the competitive scenario in these regions.

Companies Mentioned in Report

The report also profiles major players in the global breast pumps market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players profiled in this report includes Medela LLC., Pigeon Group (Pigeon Corporation), Koninklijke Philips N.V., Ameda, Inc., Ardo Medical Ag, Evenflo Feeding, Inc., Mayborn Group Limited (Shanghai Jahwa Co. Ltd), Spectra Baby USA, Albert Manufacturing USA (Albert Group), Hygeia Health and others.

The Global Breast Pumps Market is segmented as given below:

Global Breast Pumps Market, by Product

  • Single Electric Breast Pumps
  • Double Electric Breast Pumps
  • Manual Breast Pumps

Global Breast Pumps Market, by Application

  • Hospital Grade
  • Personal Use

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Global Breast Pumps Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • Spain
    • Rest of Europe

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