Breast Pumps Market to Reach $890.73 Mn, Globally, by 2030 at 6.8% CAGR: Allied Market Research

Increase in number of working women across the globe, rise in healthcare expenditure by the government, favorable reimbursement scenario, and technological developments in electric breast pumps drive the demand for the global breast pumps market.

PORTLAND, Ore., May 4, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Breast Pumps Market by Product Type (Closed System Breast Pumps, Open System Breast Pumps), by Technology (Manual Breast Pumps, Electric Breast Pumps), by Application (Personal Use Pumps, Hospital Grade Pumps): Global Opportunity Analysis and Industry Forecast, 2020-2030." According to the report, the global breast pumps industry was pegged at $461.10 million in 2020, and is expected to reach $890.73 million by 2030, growing at a CAGR of 6.8% from 2021 to 2030.

Download Sample PDF at: https://www.alliedmarketresearch.com/request-sample/5057

Drivers, restraints, and opportunities-

Increase in number of working women across the globe, rise in healthcare expenditure by the government, favorable reimbursement scenario, and technological developments in electric breast pumps drive the demand for the global breast pumps market. However, risk of contamination with foreign substances and high pricing of breast pumps impede the market growth. On the other hand, surge in various developmental strategies among the key players, high market potential in untapped developing countries, and development of pipeline products are anticipated to pave the way for multiple opportunities in the industry.

COVID-19 scenario-

• The outbreak of the Covid-19 pandemic negatively impacted the global breast pumps market. A large number of clinics and hospitals around the world were reconfigured to boost hospital capacity for theCovid-19 patients. Due to the substantial increase in Covid-19 cases, non-essential procedures took a potential backlog.
• Manufacturing and shipping of healthcare essentials were both disrupted due to the imposed lockdown. The Covid-19 pandemic resulted in lockdown restrictions and availability of mothers at home, thus lowering demand for breast pumps.
• However, following the pandemic, women will begin to return to work, and the prior trend will continue, stabilizing the market over the projected period.

The open system breast pumps segment held the lion's share in 2020-

Based on product type, the open system breast pumps segment held the lion's share in 2020, contributing to more than half of the global breast pumps market, and is expected to continue its lead during the forecast period. Moreover, this segment is expected to witness the highest CAGR of 6.9% by 2030, owing to their wide availability. The report also includes an analysis of the gasification segment.

Specific Requirement on COVID-19? Ask to Our Industry Expert: https://www.alliedmarketresearch.com/purchase-enquiry/5057

The electric breast pumps segment to dominate by 2030-

By technology, the electric breast pumps segment accounted for nearly three-fifths of the global breast pumps market share in 2020, and is anticipated to retain its dominance throughout the forecast period. This is owing to the rapid output and higher availability of single as well as double electric based breast pumps. Moreover, the same segment is expected to witness the highest CAGR of 7.0% by 2030.

North America, to lead the trail in terms of revenue-

By region, North America, garnered the major share in 2020, contributing to nearly half of the global breast pumps market and is expected to dominate the market during the forecast period. However, Asia-Pacific region is expected to witness the fastest CAGR of 8.2%. This is due to the rise in infant population, the surge in awareness regarding the importance of breast milk, and increasing employment among the women.

Key players in the industry-

• Ameda, Inc.
• Medela AG.
• Pigeon Corporation
• Koninklijke Philips N.V.
• Hygeia Healthcare
• Babybelle Asia Ltd.
• Linco Baby Merchandise Works Co. Ltd.
• Ardo Medical AG.
• Albert Manufacturing USA
• Willow Innovations, Inc.

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Request for 14 days free trial: https://www.alliedmarketresearch.com/avenue/trial/starter

"We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market."

Trending Reports in Healthcare Industry (Book Now with 10% Discount):

mHealth Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Stroke Management Market - Global Opportunity Analysis and Industry Forecast, 2020-2028

Fetal Monitoring Market - Global Opportunity Analysis and Industry Forecast, 2020-2028

Ophthalmic Lasers Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Blood Pressure Monitoring Devices Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

IVF Services Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

In Vitro Diagnostics (IVD) Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Cell-based Assay Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Empty Capsules Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Fertility Services Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow Us on LinkedIn: https://www.linkedin.com/showcase/life-sciences-industry-research/

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg