Industry Background:
A breast pump is a device which is mainly used for extracting and collecting milk from a woman's breasts by suction. It helps to increase and maintain a sufficient supply of milk. Rising awareness about the importance of breastfeeding, rising demand for battery-powered breast pumps, due to increasing preference for faster, efficient portable pumping systems are some of the major factors which affect the growth of the market in future.This growth is primarily driven by Rising Number of New Born Across the Globe and Increasing Women Employment and Increasing Working Women Population and Rise in Disposable Income.
Globally, a noticeable market trend is evident One of the Latest Trend of this Market is Strategic Collaboration with Hospitals. The Medical Devices sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Koninklijke Philips N.V (Netherlands), Medela, Inc., (United States), Ameda (United States), Pigeon Corporation (Japan), Hygeia Medical Group II, (United States), Handi-Craft Company (United States), Mayborn Group (China), Linco Baby Merchandise Works Co., Ltd. (United States), Whittlestone Inc. (United States) and Lansinoh Laboratories, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In May 2019, the Ameda AG Company has launched Mya Pro products, which is personal breast pumps products. Hence, this launched will affect increased product portfolio of the company. and In November 2016, the Medela (Switzerland) company has introduced smart breast pump Sonata in order to deliver hospital-level performance in a personal use breast pump. Hence, this launch will turn of the growth of the market in the future.
Market Drivers
- Rising Number of New Born Across the Globe and Increasing Women Employment
- Increasing Working Women Population and Rise in Disposable Income
Market Trend
- One of the Latest Trend of this Market is Strategic Collaboration with Hospitals
Restraints
- Issue related to Availability of Breast Milk Substitutes and Diseases & Fertility-Related Issues
Opportunities
Government Initiatives to Expand the Breastfeeding Accessories Market and Rising Demand from Emerging Market such as Brazil, China, Colombia, Czech Republic, Egypt, Greece, India, among others
Challenges
Problem related to Lack of Awareness of Breast Pumps
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Breast Pump Study Sheds Light on
The Breast Pump Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Breast Pump industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Breast Pump industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.