Pune, India, March 07, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, worldwide wearable breast pumps market, valued USD 451.46 million in 2020, is projected to exhibit a CAGR of 6.5% over the forecast period 2021-2027 and reach USD 701.6 billion by the end of the stipulated timeframe.
The report provides concise information on the core factors influencing the market expansion, and also highlights the restraints and solutions to mitigate their impact. Proceeding further, it assesses the market through multiple segmentations, including the regional dissections, and highlights the major investment avenues for the upcoming years.
Under the competitive landscape section, the research document meticulously investigates the leading companies along with other noteworthy developments to draw a conclusion on the competitive level of this industry. By doing so, the document lays out the various strategies which both existing businesses and newcomers can utilize to amplify profit margins over the forecast period 2021-2027.
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Increasing women workforce is augmenting the market growth. Moreover, credible sources cite that women accounted for 38.8% of all participants in the global labor force in 2020. Apart from this, developing awareness regarding women health and rising investments in healthcare sector are the other major factors expanding the industry size.
Notably, wearable breast pumps are of two types, namely, battery-operated and smart pumps. It is utilized by lactating mothers to store milk.
Speaking of the challenges in this domain, complex management process and infection concerns are to negatively impact the industry outlook over the forecast timeframe.
Regional landscape overview:
North America, Europe, Latin America, and Asia Pacific are the major geographies contributing to the global wearable breast pumps industry value. North America holds a coveted position in this business sphere and will likely continue to showcase strong growth trends through 2027, creditable to increasing employment rate of mothers, changing work policies for the same, and high healthcare expenditure in the region.
Parallelly, Asia Pacific market is anticipated to record exponential growth over the analysis period, on account of rising product awareness, expanding population of lactating mothers, and developing healthcare infrastructure.
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Competitive landscape summary:
Motif Medical, BelleMa, Spectra Baby USA, Ameda Inc., Medela LLC, Freemie, Baby Buddha, Philips, Chiaro Technology Ltd., and Willow are the major contenders in global wearable breast pumps business sphere. These companies are focusing on R&D investments, improving product availability, and marketing to strengthen their foothold in the market.
Global Wearable Breast Pumps Market, by Technology (Revenue, USD Billion, 2018-2027)
- Smart Pumps
- Battery-operated
Global Wearable Breast Pumps Market, by Component (Revenue, USD Billion, 2018-2027)
- Accessories
- Wearable Pumps
Global Wearable Breast Pumps Market Geographical Bifurcation (Revenue, USD Billion, 2018-2027)
North America
- United States
- Canada
Europe
- United Kingdom
- France
- Germany
- Italy
- Spain
- Rest of Europe
Asia Pacific
- India
- China
- Japan
- Australia
- South Korea
- Rest of APAC
Latin America
- Mexico
- Brazil
Rest of the World
Global Wearable Breast Pumps Market Competitive Dashboard (Revenue, USD Billion, 2018-2027)
- Motif Medical
- BelleMa
- Spectra Baby USA
- Ameda Inc.
- Medela LLC
- Freemie
- Baby Buddha
- Philips
- Chiaro Technology Ltd.
- Willow
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Global Wearable Breast Pumps Market, by Region, 2019-2027 (USD Billion)
1.2.2. Global Wearable Breast Pumps Market, by Technology, 2019-2027 (USD Billion)
1.2.3. Global Wearable Breast Pumps Market, by Component, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Wearable Breast Pumps Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Wearable Breast Pumps Market Dynamics
3.1. Wearable Breast Pumps Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing number of working women
3.1.1.2. Rising product awareness
3.1.2. Market Challenges
3.1.2.1. Complex management and threat of infection
3.1.3. Market Opportunities
3.1.3.1. Increasing investment and awareness regarding women health
Chapter 4. Global Wearable Breast Pumps Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Wearable Breast Pumps Market, by Technology
6.1. Market Snapshot
6.2. Global Wearable Breast Pumps Market by Technology, Performance - Potential Analysis
6.3. Global Wearable Breast Pumps Market Estimates & Forecasts by Technology, 2018-2027 (USD Billion)
6.4. Wearable Breast Pumps Market, Sub Segment Analysis
6.4.1. Battery-operated
6.4.2. Smart Pumps
Chapter 7. Global Wearable Breast Pumps Market, by Component
7.1. Market Snapshot
7.2. Global Wearable Breast Pumps Market by Component, Performance - Potential Analysis
7.3. Global Wearable Breast Pumps Market Estimates & Forecasts by Component, 2018-2027 (USD Billion)
7.4. Wearable Breast Pumps Market, Sub Segment Analysis
7.4.1. Wearable Pumps
7.4.2. Accessories
Chapter 8. Global Wearable Breast Pumps Market, Regional Analysis
Related Report:
Breast Pump Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027
The breast pump market is estimated to see substantial growth by 2027 owing to prevalent product demand across the globe. Moreover, rising awareness about the benefits of using these pumps is likely to further support market growth over the forecast timeline. Breast pumps consist of a breast shield that fits on the nipple, a detachable container that collects the milk, and a pump that generates a vacuum to pump the milk. These pumps can either be powered or manual. Powered breast pumps run either on batteries or electricity. Single pumps extract milk from one breast while double pumps are designed to extract milk from both breasts simultaneously. In the regional landscape, the Latin America breast pump market accounted for a considerable share of the overall industry revenue in 2020 and is speculated to witness significant growth by 2027.
Breast Implants Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
The breast implants market is expected to grow exponentially by 2027 owing to increasing popularity of breast augmentation worldwide. Moreover, mounting awareness pertaining to various other aesthetic plastic surgeries among consumers across the globe is set to further promote market growth through the forecast period. Breast implants are one of the most common plastic surgeries that are inserted for the purpose of breast augmentation or reconstruction. Rising prevalence of various types of plastic surgeries and latest technological advancements focused on improving the accuracy of the procedures have boosted product uptake in recent years. From the regional point of view, the Latin America breast implants market was valued at more than USD 499 million in 2020 and is set to register notable growth at around 8.3% CAGR over the estimated period primarily driven by the rapid adoption of innovative breast implants in breast reconstruction procedures.
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