Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The
global breast pumps market is anticipated to grow with a CAGR of ~10.4% over
the forecast period, i.e., 2023 - 2033. The
market is segmented by end-user into personal use, maternity centers, and
hospitals. Amongst these, the hospitals segment is estimated to grow at the
highest rate during the forecast period on the back of their powerful motor,
and escalating number of mothers dealing with breast feeding issues in initial
phase of their motherhood.
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The global breast pumps market is
projected to significantly increase owing to the growing count of newborns, followed
by the improving healthcare spending worldwide which is very essential and
competence in patient’s care and to access the advanced solutions. Besides
this, growing number of human milk banks, and escalating per capita income are
also expected to significantly drive the market forward during the forecast
period.
Regionally, the global breast pumps
market is segmented into five major regions comprising of North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa. The market
in the North America region garnered the largest market share of 52% in 2022
and is estimated to witness significant growth over the forecast period owing
to the well-established healthcare infrastructure, high healthcare spending,
and increasing rate of employed women in the region.
The
research is global in nature and covers detailed analysis on the market in
North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain,
Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden,
Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America
(Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India,
Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand,
Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE,
Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East
and Africa). In addition, analysis comprising market size, Y-O-Y growth &
opportunity analysis, market players’ competitive study, investment
opportunities, demand for future outlook etc. has also been covered and
displayed in the research report.
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Globally
Increasing Ratio of Working Women to Boost the Growth of the Market
According to the data released by the World
Bank, worldwide ratio of working women had reached to 39.2% by 2020.
In modern
time, the women are concerned regarding their career and financial independency
along with their family responsibilities. A working women feel it difficult to
provide her presence and to fulfill her infants hunger need while she is out
for office. Here, breast pumps appear as a boon to save the time and provide
the sufficient amount of milk to an infant in absence of his/her mother. Now,
multifold women feel relaxed and satisfied regarding the breast-feeding issue
while they won’t be able to be near their infants. Therefore, such lactation
related issue is anticipated to drive the growth of the global breast pumps
market.
However, availability of medicines to enhance
lactation, high price of breast pumps, and contamination risk of milk are
expected to operate as key restraint to the growth of global breast pumps
market over the forecast period.
This
report also provides the existing competitive scenario of some of the key
players of the global breast pumps market which includes company profiling of Albert
Manufacturing USA, Microlife Corporation, Medela
AG, Linco Baby Merchandise Work’s Co., Pigeon
Corporation, Ameda, Inc., Evenflo Feeding, Inc., Ardo medical AG, Willow
Innovations, Inc., and others. The
profiling enfolds key information of the companies which encompasses business
overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global
breast pumps market that will help industry consultants, equipment
manufacturers, existing players searching for expansion opportunities, new
players searching possibilities and other stakeholders to align their market
centric strategies according to the ongoing and expected trends in the future.
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