Battery-Powered Breast Pumps Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Product Type (Open System, Closed System); Application (Personal Use, Hospital Use); Region/Country.
Global Battery-powered Breast Pumps Market is expected to grow at a significant rate of around 8% during the forecast period. Rising women’s employment rates worldwide, better healthcare systems in developing nations, and government programs to help working mothers are the main reasons propelling market expansion. According to the International Labor Organization (ILO), throughout the past 20 years, there has been clear progress in terms of employment possibilities and gender equality. The 2030 United Nations Agenda, which the ILO spearheaded, states that all women and girls must be empowered in order to achieve gender equality, productive work, and economic development, and that youth and the disabled population are likely to receive equal pay without discrimination.
It is projected that rising consumer awareness and encouraging governmental actions will fuel demand for breast pumps worldwide. For instance, the World Health Organization (WHO) and the United Nations Children’s Fund (UNICEF) created The Baby Friendly Hospital Initiative (BFHI), which promotes evidence-based practices for breastfeeding success, to increase breastfeeding rates and help families reach their breastfeeding goals. Similar to this, the Affordable Care Act now requires that the majority of insurance plans pay for specific breastfeeding assistance and supplies, such as breast pumps. Thus, it is anticipated that these activities will expand the use of these items. As a result, end customers find it simpler to buy these devices, which increases demand for breast pumps.
Koninklijke Philips N.V., Medela, Inc., Ameda, Pigeon Corporation, Hygeia Medical Group, Linco Baby Merchandise Work Co., Ltd., Whittlestone Inc., Mayborn Group, Babybelle, Lansinoh Laboratories.Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product type, closed segment generated category to witness higher CAGR during the forecast period”
Based on product type, the market is segmented into Open systems, Closed systems. The closed system segment grabbed the major market share and dominated the market in 2020. Breast pumps with closed systems have a lid or layer that serves as a barrier between the collecting kit and the pumping unit or motor to keep collected milk clean. Additionally, this barrier stops milk particles from getting inside the pump motor or tubing. These tools guarantee maximal impurity removal, improve kid health safety, and are simple to clean. Over the following few years, market growth is anticipated to be driven by the launch of portable instruments like the Ameda HygieniKit.
“Amongst application, the hospital use to hold a significant share in the market in 2020”
Based on the application, the market is categorized into personal use and hospital use. Among these, hospital use segment grabbed the major market share and dominated the market in 2020. The hospital-use breast pumps have powerful motors and are typically used in hospitals, but they can also be rented on a monthly basis for personal use. These breast pumps operate on a “closed system,” which means that barriers are in place to prevent milk and other fluids from entering the motor. This lessens contamination and ensures that they are safe for multiple users
“North America to hold a significant share in the market”
In 2020, North America held a significant share of the global battery powdered breast pump market. North America is anticipated to grow at a substantial CAGR during the forecast period. The rising number of working is leading to the growing demand for Battery-powered Breast Pumps. The rise in acceptance of technologically improved items increased knowledge of breastfeeding, and an increase in healthcare spending in the area are all cited as causes for this. However, because of its sizable baby boomer demographic, rising disposable incomes, and unmet demand, the breast pump market size is predicted to rise significantly in the Asia-Pacific region. The Asia-Pacific breast pump market is additionally anticipated to grow rapidly in Japan and India.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
The global Battery-powered Breast Pumps market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
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Research Methodology for the Battery-powered Breast Pumps Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global battery-powered breast pumps market were the three major steps undertaken to create and analyze the adoption of battery-powered breast pumps in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global battery-powered breast pumps market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the battery-powered breast pumps market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the battery-powered breast pumps market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Battery-powered Breast Pumps market. Further, we conducted factor analysis using dependent and independent variables such as product type and applications of battery-powered breast pumps. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Battery-powered Breast Pumps market across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Battery-powered Breast Pumps market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Battery-powered breast pumps market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global battery-powered breast pumps market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global battery-powered breast pumps market. Data was split into several segments & sub-segments post studying various parameters and trends in the product type and application in the global Battery-powered Breast Pumps market.
The main objective of the Global Battery-powered Breast Pumps Market Study
The current & future market trends of the global battery-powered breast pumps market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the battery-powered breast pumps market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product type and application
- Define and analysis of the regulatory framework for the battery-powered breast pumps
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Battery-powered Breast Pumps market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the battery-powered breast pumps market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry