LAMEA Breast Pump Market By Application (Hospital Grade and Personal Use), By Technology (Electric Pumps, Battery-powered Pumps and Manual Pumps), By Product (Closed System and Open System), By Country, Growth Potential, Industry Analysis Report and Forecast, 2020 - 2026
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Market Report Description
The Latin America, Middle East and Africa Breast Pump Market would witness market growth of 14.8% CAGR during the forecast period (2020-2026). Many government initiatives around the world are helping in creating awareness among women regarding these pumps & their benefits, which will further surge the demand for breast pumps in the market.
Moreover, the technological improvements in design & efficiency of these pumps like double pumping 2-phase expression technology have resulted in minimizing the extraction time & offer more comfort. These kinds of technologies make it comfortable for women to change their way of breastfeeding.
The increasing employment rate among women is anticipated to provide lucrative growth opportunities for the market during the forecast years. Breast pump provides many benefits to women who are working; they can store & filter the milk for the baby as per the timings by using breast pumps. In addition, there are many supportive initiatives from governments that are motivating women to work; thereby creating new growth avenues for the breast pump market. But, owing to the huge cost attached to these breast pumps, many women could not afford them, which will act as a restraint to the growth of the market in the coming years.
The participation of women in the working environment is increasing every year. Many governments have taken initiatives to make workplaces safer & comfortable for women. One common law in almost every country is maternity leave for all the working women. However, the maternity leave period differs from region to region. In many regions, this allotted maternity period is not enough for women to look after & feed their babies. Thus, working women are widely adopting breast pumps to collect & store their milk for the babies to feed them when they are not around. This inadequacy in the maternity leave drives the growth of the breast pump market during the forecast period.
The Closed System market dominated the Saudi Arabia Breast Pump Market by Product in 2019, thereby, achieving a market value of $34.7 million by 2026, growing at a CAGR of 14.7 % during the forecast period. The Open System market is experiencing a CAGR of 15.6% during (2020 - 2026).
Based on Application, the market is segmented into Hospital Grade and Personal Use. Based on Technology, the market is segmented into Electric Pumps, Battery-powered Pumps and Manual Pumps. Based on Product, the market is segmented into Closed System and Open System. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Koninklijke Philips N.V., Energizer Holdings, Inc., Pigeon Corporation (Lansinoh Laboratories), Hygeia Health, Inc., Linco Baby Merchandise Works Co., Ltd., Ameda, Inc. (Platinum Products Holding Inc.), Medela AG, Handi-Craft Company, Mayborn Group Limited, and Albert Manufacturing USA.
Scope of the Study
Market Segments Covered in the Report:
- Hospital Grade
- Personal Use
- Electric Pumps
- Battery-powered Pumps
- Manual Pumps
- Closed System
- Open System
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Koninklijke Philips N.V.
- Energizer Holdings, Inc.
- Pigeon Corporation (Lansinoh Laboratories)
- Hygeia Health, Inc.
- Linco Baby Merchandise Works Co., Ltd.
- Ameda, Inc. (Platinum Products Holding Inc.)
- Medela AG
- Handi-Craft Company
- Mayborn Group Limited
- Albert Manufacturing USA
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