Tag Archives: Breast Pumps Market

Breast Pumps Market Outlook and Forecast up to 2022

The global breast pumps market being highly consolidated, existing players are threatened to lose their market share to new entrants. In 2013, Medela, AG, Royal Philips Electronics N.V., and Ameda AG emerged dominant in the market, cumulatively accounting for a share of 79%, states Transparency Market Research (TMR) in a new study. Besides the established enterprises, many small-scale suppliers of breast pumps operate in the market through a crude network of distribution. Hence a significantly large number of players operate in the market, with only a few accounting for its lion’s share. This is indicative of the high competition prevailing in the market.

According to TMR, the global breast pumps market is forecast to exhibit a CAGR of 8.6% between 2014 and 2022. At this pace, the market is projected to reach US$2.6 bn by the end of 2022, from a valuation of US$1.2 bn in 2013. The TMR report has studied the global breast pumps market from two perspectives, which are product and geography. In terms of products the single electric pump segment held dominance in 2013 with a valuation of US$472.9 mn. Regionally, North America emerged dominant with a share of 60.2% in 2013.

This 104 page report gives readers a comprehensive overview of the breast pumps market. Browse through 16 data tables and 31 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/breast-pumps-market.html

Favorable Reimbursement Policies to Encourage Uptake of Breast Pumps

The rising population has a direct impact on the global breast pumps market. The increasing birth-rate often corresponds to the increasing uptake of breast pumps. Because the developing regions demonstrate a higher birth rate, opportunities for the market are considered higher in there. In addition, the rising disposable income of consumers will positively influence the willingness to spend on advanced medical devices thus accentuating the uptake of breast pumps.

The favorable reimbursement policies are further supporting growth of the global breast pumps market. The pace of gains for the market is projected to accelerate as developed nations such as the U.S. introduce more benefits such as the Affordable Care Act of 2010. The provision mandated every insurance company in the country to cover devices and services that support breast feeding. On the downside, the law did not include specific names of brands that could be purchased through insurance. This lack of specificity could end up in variations in benefits offered under any health plan.

Nevertheless, governments are trying to implement more comprehensive laws to promote health and wellness of both mother and child. Besides this, the growing awareness and higher availability of advanced medical devices is likely to augment the market’s growth during the course of the forecast period.

High Price of Breast Pumps Limits their Uptake across Developing Nations

Despite the string of benefits it provides, the pricing of the medical device is a major factor limiting the widespread uptake of breast pumps. This is especially true in case of developing nations where the purchasing power of consumers is comparatively low. The high prices of breast pumps that are not technologically advanced and complex to use mostly leads to hesitance among users to spend on the product. The risk of contamination often associated with used pumps also hampers the growth of the market. Contamination generally occurs when mothers purchase used pumps that might contain infections that could be passed on infants.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving breast pumps market during 2014 – 2022: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=687

Smaller Players Looking to Capitalize on Unmet Medical Needs across Emerging Nations

As key market players have successfully registered dominance across developed economies, the smaller companies are looking to tap into the unmet medical needs across emerging nations. Developing economies in Asia Pacific and Latin America hold immense opportunities for the growth of these players. Besides this, companies are also focusing on developing innovative breast pumps to gain dominance in the global market.

This review is based on information published by TMR in a report, titled “Breast Pumps Market – Global Industry Analysis, Size, Volume, Share, Growth, Trends and Forecast 2014 – 2022.”

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Breast Pumps Market: Worldwide Market Shares, Strategies, and Forecasts 2014 to 2022

Breast pumps are referred to as the medical devices used by lactating mothers to express milk. Additionally these devices are also used to establish milk supply and help relive engorged breasts. These devices are regulated by the U.S. Food and Drug Administration. These pumps are designed to mimic the suckling action of the nursing baby and can act as a supplement to breastfeeding. The demand for these devices is increasing due to the rising number of working women and their growing disposable incomes. Consistent technological advances followed by introduction of breast pumps with enhanced pumping capacity, variable suction pressures, ease of operation will further enhance the acceptance of breast pumps across the globe. On the other hand high cost of these devices and strenuous maintenance of these devices are some of the limiting factors that might restrain the market growth.

This 104 page report gives readers a comprehensive overview of the breast pumps market. Browse through 16 data tables and 31 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/breast-pumps-market.html

There are several types of breast pumps available in the market such as manual, single electric, double electric and hospital grade breast pumps. Pediatrician, lactation consultants and mid wives represent the healthcare professionals who impose a strong influence on the product purchase by the lactating mothers. The breast pumps market has been segmented by the product type into four major categories namely manual, single electric, double electric and hospital grade breast pumps.

This report studies the market for breast pumps by product type. The global breast pumps market has been segmented by product type and market size estimates and forecasts for the period 2012 to 2022 have been provided for each of the segments and sub-segments, in terms of revenue (USD million) and volume (no. of units). The CAGR (%) of each market segment for the forecast period 2014 to 2022 has been provided along with market size estimations, considering 2013 as the base year.

The market has also been segmented geographically into four regions, namely, North America, Europe, Asia and RoW, and the respective market sizes and forecasts in terms of revenue and volume have been provided for each of these regions. These regions are further broken down by major countries. The current and future market sizes (in terms of USD million) of the mentioned regional markets and their major countries have been provided in the report for the period 2012 to 2022 with their growth rate (%) for the period 2014 to 2022. The study further offers recommendations and highlights of the market, which would be useful for the current and future market players to sustain and flourish in the global breast pumps market.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving breast pumps market during 2014 – 2022: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=687

The market overview section of the report demonstrates the market dynamics and market trends such as drivers, restraints and opportunities that influence the current and future status of this industry. Impact factors such as event impact analysis, market attractiveness analysis and Porter’s five forces analysis have also been explained in the market overview section of the report, in order to give a thorough analysis of the overall competitive scenario in the global breast pumps market. The competitive landscape section includes market share analysis of all the leading players in this market, for the year 2013.

The report concludes with the company profiles which incorporates key information such as product portfolio and business strategies about the major market players. Some of the major players profiled in this report include Medela, AG, Philips AVENT, Ameda Breastfeeding Solutions, Lansinoh Laboratories, Inc., Whittlestone, Inc., Hygeia Medical Group, and Bailey Medical.

 

Breast Pumps Market Outlook and Forecast up to 2022

Breast pumps refer to the medical devices regulated by the U.S. Food and Drug Administration (FDA) used by the lactating mothers to ensure uninterrupted milk supply to their infants when away from home. Breast pumps based on the mode of operation are classified into four major types namely manual, single electric, double electric and hospital grade breast pumps. Based on the design, there are two main types of breast pumps available; closed and open systems. Open systems do not contain a barrier between the milk collection kit and the pump tubing due to which collected milk is susceptible to contamination, while closed pumps prevent contamination due to the presence of a barrier between the collection kit and pump tubing. Currently, majority of the breast pumps available represent closed systems. Changing lifestyles and increasing number of women prioritizing their career along with their child, have emerged as the major factors impacting the growth of this market. On the other hand, high cost of the devices followed by risk of contamination might limit the market growth. Increasing disposable incomes of respective nations will further propel the market growth.

This 104 page report gives readers a comprehensive overview of the breast pumps market. Browse through 16 data tables and 31 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/breast-pumps-market.html

Recommendation of breast pumps is majorly dependent on the frequency of breastfeeding; Double electric breast pumps are the most preferred pumps for frequent breastfeeding as it ensures efficient milk expression with less time consumption. While single electric breast pumps are the most preferred pumps over manual pumps owing to powerful motor capacity and variable suction pressures. Hospital grade breast pumps are usually recommended in the initial phase of breastfeeding mainly to establish milk supply and get acquainted with the use of pumps. These pumps are by far the most superior types of breast pumps due to powerful motor, effective pumping capacity and can support multiple users. Distribution channel of personal grade breast pumps varies from hospital grade breast pumps; durable medical equipment (DME) supplier or retailer or online sales channel forms the base of personal grade breast pumps, while hospital grade pumps reaches to the end users via hospitals. Electric breast pumps are preferred over manual breast pumps due to several beneficial features such as electric motor support, effective milk expression and less time consumption.

The global market for breast pumps is analyzed from two perspectives; product type and geography. Manual, single electric, double electric and hospital grade breast pumps are the four major product types. Single electric breast pumps market is the largest market in 2013 owing to the reasonable price and several benefits over the manual pumps. In terms of volume, manual breast pumps constitute the leading market segment owing to its low cost and easy availability. Double electric breast pumps market segment is anticipated to be the fastest growing segment owing to best option available after hospital grade breast pumps. This is attributed to certain features such as easy and efficient milk expression solution for mothers who have to express milk several times a day and on a daily basis. In addition, these pumps are available with adjustable suction cycles; they start with shorter but quicker sucks in order to accelerate the letdown response, followed by longer, deeper and slower sucks.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving breast pumps market during 2014 – 2022: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=687

Geographically, breast pumps market is studied for four regions: North America, Europe, Asia Pacific and Rest of the World. These regions are further analyzed by country. In terms of Revenue, North America accounted for the largest market share in 2013, owing to increasing breastfeeding rates and increasing awareness about breastfeeding. In terms of volume, North America leads the breast pumps market. Key players operating in the global breast pumps market include Medela AG, Ameda AG, Pigeon Corporation, Royal Philips Electronics NV, NUK USA LLC and Lansinoh Laboratories, Inc.

 

Global Breast Pumps Market to Reach US$2.6 bn by 2020, Rising Awareness Regarding Benefits of Breastfeeding to Drive Growth

The competitive landscape of the global breast pumps market includes players such as Whittlestone Inc., Pigeon Corporation, Royal Philips Electronics NV, Medela AG, NUK USA LLC, Lansinoh Laboratories Inc., Mayborn Group Ltd., Bailey Medical Engineering, Hygeia Medical Group, Ameda AG, and ARDO Medical AG. The competitive landscape witnesses the dominance of the top three market players. In 2013, the top three breast pumps manufacturers accounted for over 75% of the market. These manufacturers are focusing on product innovation and improvement to ensure ease of handling, high level of comfort, and efficient milk expression. Breast pumps with two-phase expression systems support the natural sucking action of the infants. The manufacturers are also paying attention to other attributes such as less noise and different modes of suction pressures. The market players are increasingly partnering with various healthcare providers across the developed economies for the promotion of their brands.

This 104 page report gives readers a comprehensive overview of the breast pumps market. Browse through 16 data tables and 31 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/breast-pumps-market.html

Complicated Operating Mechanism of Manual Breast Pumps Lowers their Demand

Currently, the market players manufacture four major types of breast pumps: double electric breast pumps, manual pumps, single electric breast pumps, and hospital grade breast pumps. The efficient pumping capacity and the economic nature of double electric breast pumps have led to their increased demand in the market. On the other hand, manual breast pumps are anticipated to register the lowest demand in the near future. “The complicated operating mechanism of the manual breast pumps has made it a low preferred choice among consumers,” states TMR.

Rise in Female Workforce to Support Purchase of Breast Pumps

According to the Centers for Disease Control and Prevention, about 79% of the infants were breastfed across the U.S. in 2011. The growing awareness about breastfeeding, coupled with the increased acceptance of breast pumps has propelled the growth of the global breast pumps market. TMR identifies that increase in disposable income and the rise in female workforce have further augmented the growth of this market. “The decision to purchase breast pumps is highly influenced by different healthcare professionals such as gynecologists, mid wives, pediatricians, and certified lactation consultants,” a TMR analyst states.

Risk of Contamination is a Major Hiccup in the Adoption of Breast Pumps

These pumps are highly recommended under certain conditions such as premature birth, flat or inverted nipples, and breast engorgement. The availability of technologically advanced breast pumps and favorable reimbursement policies, especially in the developed nations have supported the market’s growth. However, the risks of contamination and high prices of breast pumps will play spoilsport in the growth of the market in the near future. The overall breast pumps market has a significant potential to grow across the emerging markets.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving breast pumps market during 2014 – 2022: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=687

The global market for breast pumps is anticipated to soar at a CAGR of 8.8% during the period from 2014 to 2020. The market valued at US$1.1 bn in 2013 is projected to reach a valuation of US$2.6 bn by 2020.

The information presented in this review is based on the findings of a report by Transparency Market Research, titled “Breast Pumps Market – Global Industry Analysis, Size, Volume, Share, Growth, Trends and Forecast 2014 – 2022.”

Global breast pumps market has been segmented as:

Breast Pumps Market, by Product Type

  • Manual Pumps
  • Single Electric Breast Pumps
  • Double Electric Breast Pumps
  • Hospital Grade Breast Pumps

Breast Pumps Market, by Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

 

Breast Pumps Market By Analysis of Major Industry Segments 2022

Breast pumps refer to the medical devices regulated by the U.S. Food and Drug Administration (FDA) used by the lactating mothers to ensure uninterrupted milk supply to their infants when away from home. Breast pumps based on the mode of operation are classified into four major types namely manual, single electric, double electric and hospital grade breast pumps. Based on the design, there are two main types of breast pumps available; closed and open systems. Open systems do not contain a barrier between the milk collection kit and the pump tubing due to which collected milk is susceptible to contamination, while closed pumps prevent contamination due to the presence of a barrier between the collection kit and pump tubing. Currently, majority of the breast pumps available represent closed systems. Changing lifestyles and increasing number of women prioritizing their career along with their child, have emerged as the major factors impacting the growth of this market. On the other hand, high cost of the devices followed by risk of contamination might limit the market growth. Increasing disposable incomes of respective nations will further propel the market growth.

Read Full Report: http://www.transparencymarketresearch.com/breast-pumps-market.html

Recommendation of breast pumps is majorly dependent on the frequency of breastfeeding; Double electric breast pumps are the most preferred pumps for frequent breastfeeding as it ensures efficient milk expression with less time consumption. While single electric breast pumps are the most preferred pumps over manual pumps owing to powerful motor capacity and variable suction pressures. Hospital grade breast pumps are usually recommended in the initial phase of breastfeeding mainly to establish milk supply and get acquainted with the use of pumps. These pumps are by far the most superior types of breast pumps due to powerful motor, effective pumping capacity and can support multiple users. Distribution channel of personal grade breast pumps varies from hospital grade breast pumps; durable medical equipment (DME) supplier or retailer or online sales channel forms the base of personal grade breast pumps, while hospital grade pumps reaches to the end users via hospitals. Electric breast pumps are preferred over manual breast pumps due to several beneficial features such as electric motor support, effective milk expression and less time consumption.

The global market for breast pumps is analyzed from two perspectives; product type and geography. Manual, single electric, double electric and hospital grade breast pumps are the four major product types. Single electric breast pumps market is the largest market in 2013 owing to the reasonable price and several benefits over the manual pumps. In terms of volume, manual breast pumps constitute the leading market segment owing to its low cost and easy availability. Double electric breast pumps market segment is anticipated to be the fastest growing segment owing to best option available after hospital grade breast pumps. This is attributed to certain features such as easy and efficient milk expression solution for mothers who have to express milk several times a day and on a daily basis. In addition, these pumps are available with adjustable suction cycles; they start with shorter but quicker sucks in order to accelerate the letdown response, followed by longer, deeper and slower sucks.

Get a Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=687

Geographically, breast pumps market is studied for four regions: North America, Europe, Asia Pacific and Rest of the World. These regions are further analyzed by country. In terms of Revenue, North America accounted for the largest market share in 2013, owing to increasing breastfeeding rates and increasing awareness about breastfeeding. In terms of volume, North America leads the breast pumps market. Key players operating in the global breast pumps market include Medela AG, Ameda AG, Pigeon Corporation, Royal Philips Electronics NV, NUK USA LLC and Lansinoh Laboratories, Inc.