Pune, India, July 17, 2023 (GLOBE NEWSWIRE) -- According to The Insight Partners’ new research study on "Breast Pump Market Size Report, Share, Revenue & Trends Forecast to 2028 - Global Analysis by Technology, Type, and Distribution Channel, Geography," the breast pump market size is expected to grow from $2.57 billion in 2020 to $5.77 billion by 2028; it is estimated to register a CAGR of 10.7% during 2021–2028. Based on product, the electric breast pump segment held a larger share of the breast pump market in 2020.
Download Sample Pages: https://www.theinsightpartners.com/sample/TIPHE100000881
Global Breast Pump Market – Report Scope:
| Report Coverage | Details |
| Market Size Value in | $2.57 Billion in 2020 |
| Market Size Value by | $5.77 Billion by 2028 |
| Growth rate | CAGR of 10.7% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
| No. of Pages | 177 |
| No. of Tables | 112 |
| No. of Charts & Figures | 72 |
| Historical data available | Yes |
| Segments covered | Technology, Type, and Distribution Channel, Geography |
Browse key market insights spread across 177 pages with 112 list of tables & 72 list of figures from the report, "Breast Pump Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (Manual Breast Pump and Electric Breast Pump), Type (Closed System Breast Pump and Open System Breast Pump), and Distribution Channel (Consumer Stores and Online Distribution), Geography" in detail along with the table of contents: https://www.theinsightpartners.com/reports/breast-pump-market
Global Breast Pump Market Analysis: Competitive Landscape and Key Developments
Pigeon Corporation, Ardo medical, Inc., Ameda, Inc., Koninklijke Philips N.V., Medela LLC, Evenflo Feeding, Albert Hohlkörper GmbH & Co. KG, Mayborn Group Limited, Hygeia Healthcare, Linco Baby Merchandise Work’s Co Ltd, and Spectra Baby USA are a few of the key companies operating in the breast pump market. The market leaders focus on new product launches, expansion and diversification, and acquisition strategies, which allow them to access prevailing business opportunities.
In November 2020, Spectra Baby USA has launched Synergy Gold dual-powered electric breast pump. Spectra Baby USA's Synergy Gold provides breastfeeding moms with exclusive technology, allowing for individually tailored pumping sessions. This new design utilizes one separate motor for each side and is independently adjustable.
In August 2020, Medela has launched New Pump in Style Breast Pump with First-of-Its-Kind MaxFlow Technology. MaxFlow Technology pioneered by Medela generates vacuum with micro-vibrations for increased milk flow and optimal performance.
Impact of COVID-19 Pandemic on Global Breast Pump Market:
Due to outbreak of disease, healthcare industries have been affected badly, considering the economic conditions in current situation. Due to growing coronavirus cases, many seminars and international conference has been postponed. For instance, 9th Asia Pacific Breast Cancer Summit has been postponed after 13th to 15th march due to current growing coronavirus. Restrictive measures have been taken to control the spread of this pandemic, however, according to the International Breastfeeding Journal: 25th August 2020, there has been a decrease in the rate of breastfeeding during the COVID-19 pandemic as the mothers and infants were separated due to COVID-19 positive cases. Moreover, companies in China and Japan has faced challenges in manufacturing. For instance, a Q4 report published by Pigeon in 2021, the company has faced decline in sales in Chinese and Japanese region on lower sales of nursing bottles and nipples, resulting from a drop in inbound demand and as operations were suspended due to urban lockdowns. Profit fell by double digits due to lower sales, higher promotional expenses for distributors accompanying increased sales of breast pumps and other daily necessities, and increased expenses due to enhanced sales activities for strollers.
COVID-19 has had a major impact on breast pumps market, by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets in India, Japan, and other countries. Apart from overall health system, cancer care delivery system has been facing challenges due to coronavirus outbreak.
Directly Purchase this Report at https://www.theinsightpartners.com/buy/TIPHE100000881
Global Breast Pump Market: Segmental Overview
The global breast pump market, based on technology is segmented into electric breast pump and manual breast pump. The electric breast pump segment is further divided into double electric breast pump and single electric breast pump. In 2020, the electric breast pump segment held the largest share of the market and same segment is expected to witness growth in its demand at a fastest CAGR during the forecast period. The global breast pump market, based on type is segmented into closed system breast pump and open system breast pump. In 2020, the closed system breast pump segment held the largest share of the market by technology type segment and is expected to witness growth in its demand at a fastest CAGR during the forecast period. The global breast pump market, based on distribution channel is segmented into consumers stores and online distribution. In 2020, the consumers stores segment held the largest share of the market by distibution channel segment. However, online distribution is expected to witness growth in its demand at a fastest CAGR during the forecast period.
Go through further research published by The Insight Partners: (Purchase with 10% Instant Discount):
Breastfeeding Accessories Market Forecast to 2028 - Covid-19 Impact and Global Analysis
Breast Reconstruction Market Forecast to 2028 - COVID-19 Impact and Global Analysis
Breast Ultrasound Market Forecast to 2028 - Covid-19 Impact and Global Analysis
Breast Cancer Diagnostics Market Forecast to 2028 - Covid-19 Impact and Global Analysis
Breast Lumpectomy Treatment Market Forecast to 2028 - COVID-19 Impact and Global Analysis
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Ankit Mathur
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/breast-pump-market
Industry Research: https://www.biospace.com/employer/2735308/the-insight-partners/
