Breast Pump Market Global Trends, Industry Size,Future Scope, Leading Players, Covid-19 Business Impact, And Forecast 2029


Posted July 21, 2023 by Shitalmax

Breast Pump Market size was valued at USD 2.77 Bn. in 2022 and the total Breast Pump revenue is expected to grow at a CAGR of 10.5% from 2023 to 2029, reaching nearly USD 5.58 Bn.
 
Breast Pump Market Overview:
The Breast Pump market study gives a complete view of the competition, including the market share and company profiles of the worldwide industry's leading competitors. The scope of the research includes a full assessment of the Breast Pump Market, as well as the reasons for variations in the industry's growth across a number of sectors.
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Market Scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
Segmentation:
by Product
• Closed system
• Open system


In terms of revenue, the closed system market segment led the global breast pump market in 2022 with a market share of roughly 68%. The market is anticipated to continue to dominate during the forecast period and expand at a CAGR of 10.2%. These systems are more hygienic and free of contamination, which accounts for the rising use of these pumps. Open systems are being replaced by closed systems more and more frequently, and their revenue share is anticipated to rise significantly during the forecast period. Breast pumps with closed systems feature a motor or a cover that acts as a barrier between a collecting kit and the pumping device to prevent contaminated milk from being collected.


1 Global Breast Pump Market, by Product (2023-2029)
Closed system
Open system

2 Global Breast Pump Market, by Technology (2023-2029)
Manual
Battery powered
Electric

3 Global Breast Pump Market, by Application (2023-2029)
Personal use
Hospital grade
Key Players:
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.
The biggest players in the Breast Pump market are as follows:
• Ameda AG
• Bailey Medical
• Medela AG
• Philips
• Hygeia Health
• Lansinoh Laboratories
• Buettner Frank GmbH
• Linco Baby Merchandise Works Co., Ltd.
• Whittlestone, Inc.
• Koninklijke Philips N.V.
• Pigeon Corporation
• Acewin Co, Ltd
• Albert Hohlkörper GmBH & Co Kg
• Ardo Medical, Inc
• Babybelle Asia Limited
• Bailey Medical Engineering
• Motif Medical
• Chiaro Technology Limited (Elvie)
• Willow Innovations, Inc.
• Spectra Baby USA
• Mayborn Group
• Handi-Craft Company
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Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Breast Pump market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Breast Pump Market:
Due to a stop in operations, end-user sectors where Breast Pump are used suffered a fall in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India. This resulted in a considerable decline in the revenues of firms in these industries, as well as in demand for Breast Pump manufacturers, hurting the growth of the Breast Pump market in 2020. As a result of lockdowns and a rise in COVID-19 incidents throughout the world, end-user business demand for Breast Pump has fallen.
Key Questions Answered in the Breast Pump Market Report are:
• In 2021, which segment accounted for the most share of the Breast Pump market?
• What is the competitive landscape of the Breast Pump market?
• What are the key factors influencing Breast Pump market growth?
• In the Breast Pump market, which region has the most market share?
• What will be the CAGR of the Breast Pump market during the forecast period (2022-2027)?
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company comprising professionals from various industries. Our coverage spans medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemical products, general merchandise, beverages, personal care, and automated systems, among others. We provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Issued By MMR
Country India
Categories Business
Tags breast pump market , breast pump market size , breast pump market share
Last Updated July 21, 2023