Breast Pump Market – Competitive Landscape Analysis with Forecast by 2025
Global Breast Pump Market: Overview
Breast pump is a manual or electric device used by lactating mothers to collect breast milk for feeding their premature babies when not around or if the babies cannot latch on to their breasts. New mothers may also use breast pumps to increase their milk supply or stimulate milk production and alleviate pressure or pain of engorged breasts.
Adopting strategic pricing and concentrating on product innovations are reckoned to be quite effective if breast pump market players are to stay competitive. Rental electric breast pumps and other technologically sophisticated products are anticipated to make the cut in emerging markets where the purchasing power is low.
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Global Breast Pump Market: Key Trends
According to the figures calculated by the UN, the world population could touch 8.5 billion by 2030. In this regard, the global breast pump market is envisioned to be in a strong position, especially in developing nations, as the population worldwide grows at a gigantic rate. This growth could also be credited to the incrementing birth rate on a global platform. The market size of the breast pump industry is researched to swell with a substantial improvement in healthcare infrastructure and targeted initiatives by governments for revamping consumer awareness. Manufacturers operating in Latin America and Asia Pacific regions are recommended to make informed investments in emerging economies for securing a high business growth.
Global Breast Pump Market: Market Potential
Australian Breastfeeding Association (ABA), founded by six mothers as a voluntary organization in 1964, will be endorsing only two brands of breast pumps, viz. Ardo Carum and Ardo Calypso, according to an agreement with Medical Australia. The Clements Medical Equipment wing of Medical Australia is expected to gain traction as the ABA community groups will be only purchasing the Ardo make breast pumps.
Surfacing into the breast pump market for the first time via the 2017 Consumer Electronics Show, Willow wearable breast pump is considered as the pick of the products. With no bottles, cords, or tubes attached, this sleek, battery-operated device intelligently shuts off when the breast milk collection bags are full. Moreover, the amount of milk collected can be easily tracked through an app.
The best buys are also expected to revolve around single and double electric and manual breast pumps. The reasonably priced Nuby Natural Touch single electric breast pump had won the silver recognition at the Prima Baby & Pregnancy Awards in 2016. Manual pumps such as Medela Harmony are deemed as top buys for mothers who prefer quietness and portability and want the device to fit into even an anorak pocket.
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Global Breast Pump Market: Regional Outlook
The inflation on the part of consumer spending in China, especially on baby and mother care and home healthcare products, is anticipated to raise the hopes of the Asia Pacific breast pump market. Until the end of the forecast period, Asia Pacific is forecasted to grow at a robust rate on the back of increasing awareness, women employment rate, economic growth, and birth rate.
The regional growth rate of Europe is predicted to ride on the rise of the breast pump market in Germany. Factors such as multiplying awareness about breastfeeding, elevating number of dual income households, and aggressive women employment rate are projected to raise the bar for the regional market. The U.S. breast pump market is also foreseen to achieve demand on more or less the similar growth factors.
Global Breast Pump Market: Competitive Landscape
The world breast pump market could witness small vendors making their products available through a makeshift network of distributors. As a result, their share in the global market is foretold to be comparatively low with that of giant companies in view. Proving the oligopolistic characteristic of the market, a few top names in the industry such as Ameda Breastfeeding Solutions, Philips, and Medela are envisaged to pick up a major chunk of the global share. The other market players advancing at a brisk rate could be Energizer Personal Care, Bailey Medical, Lansinoh Laboratories, Whittlestone, and Hygeia Medical Group.
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