Breast Pump Market size was valued at USD 2.51 Bn. in 2021 and the total Breast Pump revenue is expected to grow at a CAGR of 10.5% from 2022 to 2029, reaching nearly USD 5.58 Bn.
Breast Pump Industry Overview:
The Breast Pump Industry study gives a complete view of the competition, including the Industry share and company profiles of the worldwide industry’s leading competitors. The scope of the research includes a full assessment of the Breast Pump Industry, as well as the reasons for variations in the industry’s growth across a number of sectors.
Breast Pump Industry Scope:
To validate the Industry size and estimate the Industry size by different segments, top-down and bottom-up methodologies are utilized. The research’s Industry 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, Industry shares, and segment breakdowns. The percentage adoption or usage of the provided Industry Size in the relevant area or nation is used to determine the country-wise splits of the overall Industry and its sub-segments.
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Segmentation :
Based on product, the closed system segment held the largest market share in terms of revenue, accounting for approximately 68% of the global breast pump market in 2021. The segment is expected to grow at a CAGR of 10.2% over the forecast period and maintain its dominance. The increased use of these pumps is primarily due to the fact that these systems are more sanitary and free of contamination. Closed breast pumps are gradually displacing open systems, and their revenue share is expected to grow significantly over the forecast period.
- Global Breast Pump Industry: Research Methodology
- Global Breast Pump Industry: Executive Summary
- Market Overview and Definitions
- Introduction to Global Breast Pump Industry
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Breast Pump Industry: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Breast Pump Industry Segmentation
- Global Breast Pump Industry, by Type (2021-2029)
- Global Breast Pump Industry, by Product (2021-2029)
- Global Breast Pump Industry, by Application (2021-2029)
- Regional Breast Pump Industry(2021-2029)
- Regional Breast Pump Industry, by Type (2021-2029)
- Regional Breast Pump Industry, by Product (2021-2029)
- Regional Breast Pump Industry, by Application (2021-2029)
- Regional Breast Pump Industry, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key Players:
• 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
Primary and secondary research is used to identify Industry leaders, while primary and secondary research is utilized to determine Industry revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and Industrying 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 Industrying executives. Secondary sources are utilized to compute percentage splits, Industry shares, growth rates, and global Industry breakdowns, which are then checked using primary data.
Regional Analysis:
Individual Industry influencing components and changes in Industry regulations affecting the present and future Industry trends are also included in the regional overview of the Breast Pump Industry analysis. Current and future trends are researched in order to assess the entire Industry potential and identify profitable patterns in order to get a stronger foothold. The geographical Industry assessment is based on the present environment and expected developments.
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COVID-19 Impact Analysis on Breast Pump Industry:
End-user industries where Breast Pump are utilized saw a decline 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, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Breast Pump manufacturers, affecting the Breast Pump Industry’s growth in 2020. End-user business demand for Breast Pump has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Breast Pump Industry Report are:
- In 2021, which segment accounted for the most share of the Breast Pump Industry?
- What is the competitive landscape of the Breast Pump Industry?
- What are the key factors influencing Breast Pump Industry growth?
- In the Breast Pump Industry, which region has the most Industry share?
- What will be the CAGR of the Breast Pump Industry during the forecast period (2022-2029)?
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About Maximize Industry Research:
Maximize Industry Research is a multifaceted Industry research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide Industry-verified industry estimations, technical trend analysis, crucial Industry research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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