Published Date: 21-Apr-2021
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According to a new report Global Breast Pump Market, published by KBV research, The Global Breast Pump Market size is expected to reach $4 billion by 2026, rising at a market growth of 13.8% CAGR during the forecast period.
The Hospital Grade market dominated the Global Breast Pump Market by Application in 2019, thereby, achieving a market value of $2,450.9 million by 2026. The Personal Use market is expected to witness a CAGR of 14.1% during (2020 - 2026).
The Closed System market dominated the Global Breast Pump Market by Product in 2019. These closed system products consist of a lid or a layer that acts as a restraint between a collection kit & the pumping unit, or a motor that protects the collected milk from contamination. The protective layer also protects the milk particles from flowing into the pump tubing or motor. Thus, these devices offer enhanced security, more contamination-free milk, & are very easy to clean.
The North America market dominated the Global Breast Pump Market by Region in 2019. The Asia Pacific would display promising growth rate in the regional market over the forecast period. This growth is owing to the high level of unmet consumer requirements, continuous enhancing healthcare infrastructure, and increasing customer awareness & disposable income levels. Europe is anticipated to obtain the second-largest share in revenue during the forecast years due to the increasing consumer awareness & its advantages, along with the well-established healthcare infrastructure in the region.
Full Report: https://www.kbvresearch.com/breast-pump-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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