Global Wearable Breast Pump Market Size was valued nearly USD 1.01 billion by 2020 and is estimated to reach up to USD xx.xx billion by 2027. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 10.47 % during the forecast period that is 2020-2027. On the region basis the Asia Pacific held the largest market share in 2020 and is expected to show continue growing regional economy during the forecast period. A joint report by industry experts Veracious Statistics Research, the fourth edition of this popular report has been updated for 2020. The report covers the use of wearable breast pump in 38 major countries, split into seven regions: North America, Latin America, Europe, Africa & Middle East, China, Asia Pacific and South East Asia.
The global 2020 report offers unrivalled knowledge and insights on the wearable breast pump market, encompassing wearable breast pump units (BWD), point of use (POU) and integrated tap systems (ITS). An essential guide for existing players as well as prospective new entrants to the wearable breast pump, this report provides key quantitative and qualitative data, including capturing three forecast scenarios to assist your business planning through the coronavirus pandemic.
The report was prepared using a creative and effective approach for the analysis. For market research and insight-finding, both primary and secondary sources were reviewed. To find business data on a granular level a broad variety of resource materials are explored. The use of a multi-layer varication process ensures the findings are of high accuracy. Additionally, top-down and bottom-up approaches to application confirm authenticity of the research.
The market outlook for 2019 to 2029. In 2019 the basis was considered for this market study. A portion of the study deals with the historical review. The study also provides a thorough analysis of micro- and macroeconomic factors affecting the global wearable breast pump market. The report provides information on the drivers of growth, industry trends, threats and growth opportunities. There is value in the market assessment. Besides this, the report includes a table of content which helps readers to navigate conveniently to different sections of the report.
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global wearable breast pump market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global wearable breast pump market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
Background and Report Description
The report analyses trends in the wearable breast pump market, including unit numbers, water volume, throughput, cancellation rates, machine functionality and channel distribution, as well as market value and pricing structure covering average sales and monthly rental prices. It also tracks key acquisitions made during 2019, innovation and industry disruptors, providing commentary on wearable breast pump market dynamics from regional quirks to influential socio-economic trends, growth drivers and identifying modes of commercialization.
The global report also presents three forecast scenarios covered in detail in a completely new segment for 2020 set out across 14 pages in the face of the coronavirus pandemic to support your business continuity planning and crisis management. New in 2020, the report now includes: BWD unit sales analysis as well as rentals; business market size overview; regional purchasing trends; extended PESTLE focus on wearbale divices quality and market rights; market perspectives from industry insiders; additional forecast methodologies.
Global Wearable Breast Pump Market Size, Share By Segmentation (2020-2027)
The global wearable breast pump market is segmented into market type, application, sources and regions that are
Based On type, the wearable breast pump market is segmented in to Open System Breast Pump, Closed System Breast Pump and wearable breast pump. The wearable breast pump segment is likely to account for a major market share during the forecast period, owing to the rising demand from developing countries and high production capacities.
Based On application, the global wearable breast pump market is segmented into Hospital and Personal. The Personal segmentation is likely to dominate the market during the forecast period, owing to the growing use of product in the personal sector, due to its benefits such as enhanced efficiency and optimal performance. Moreover, increasing population and increasing demand for products are other factors expected to bolster market growth during the forecast period.
North America dominates the wearable breast pump market and is presumed to grow during the forecast period. The growth is attributed to the rising adoption of market analytics tools and the strong presence of major companies in the region. Furthermore, end–use industries, use as government agencies, companies, and third-party administrators, in the region are significantly focusing on adopting analytics to offer customer-centric products. Moreover, rapid advancements in technology, machinery, customer demand, increasing income, purchase power, developing countries and government initiatives to spread awareness about the need the for wearable medical technology is presumed to propel the regional market growth.
Asia-Pacific is anticipated to dominate the wearable breast pump market during the forecast period on account of the increasing demand of the wearable breast pump among the ever-growing demand from population of the region. As urbanization is a megatrend in the region driven by the improving GDP per capita and infrastructure development. The region is witnessing a rapid shift from the rural to the urban areas. This sudden change in the growth pattern has placed the cities into unsustainable consumption models resulting in the surging demand from region. The region is also home to some of the top key players in the wearable breast pump market, such as Medela LLC, Pigeon Group, Koninklijke Philips N.V, Ameda, Inc., Ardo Medical AG, Evenflo Feeding, Inc. and Mayborn Group Limited (Shanghai Jahwa Co. Ltd.) to name a few. Asia-Pacific has abundant tin reserves and large ongoing projects particularly in China, India, Australia and Indonesia, which gives the region a competitive edge. China appears to have grate potential for tin catalysts and compounds owing to the growing exploration activities in the country. As per statistics published by the National Bureau of Statistic, markets boost the regional demand during the forecast period.
The Middle East and Africa region is expected to witness steady growth during the forecast period with the extensive application of wearable breast pump industries and prominent market participants focusing on the expansion, of their product portfolios so as to strengthen their global footprint. Latin America is expected to witness noteworthy market growth with small-scale manufacturers accounting for a significant demand share. On the other hand, Europe is expected to witness sluggish growth, owing to environment-centric regulation, developed countries, high income, and key manufacture which are increasing demand during the forecast period.
1. The most comprehensive report available on the wearable breast pump, integrated tap systems and point of use markets in the global market.
2. Sets out full market and category totals, with data from 2016 to 2020. Forecast models covering three future scenarios to 2027.
3. Price structure and revenue indicators by segment (BWD, POU and ITS). Charts the leading distributors by unit volume, segmented by rentals and direct sales.
4. Provides unparalleled insights into market and category dynamics, innovation, opportunities, and future trends to support business planning.
5. With almost 30 years’ experience in research and consultancy to the wearable breast pump market, Veracious Statistics Research, Global offers unrivalled insight and expertise in the field.
6. Also available to purchase with accompanying excel datasheet. Assesses challenges and future drivers within the market
7. Includes global, regional and country market overviews of the wearable breast pump landscape including production (2015, 2016 and 2020 volume), share by 8. region and analysis of leading opportunity markets, with 2027 forecasts
Features commentary highlighting regional and country-level trends in market developments shaping the future of the aseptic packaging industry by sector
What This Report Covers
This must-have report contains market volumes for 2015, 2016 and 2020, and presents forecasts to 2027. It also has an updated technical report on wearable breast pump, including technical developments and profiles of 35 major suppliers. Specific sections of this report can also be purchased, including the world market overview, sections by region, by country, by region including all countries, and technical section alone.
North America: Canada and USA
Latin America: Argentina, Brazil, Chile and Mexico
West Europe: Belgium, France, Germany, Italy, Netherlands, Spain and the UK
East Europe: Hungary, Poland, Russia and Ukraine
Africa and Middle East: Algeria, Egypt, Israel, Kenya, Nigeria, Saudi Arabia, South Africa, Turkey and UAE
Asia Pacific: Australia, Japan, South Korea, China and Taiwan
South East Asia: India, Indonesia, Malaysia, Pakistan, Philippines, Thailand and Vietnam
Major Key Players
Some of the prominent industry players operating in breast pump market include Philips, Pigeon, Buettner-Frank, Bailey Medical, Albert, Acewin,Beldico, Ardo, Linco Baby Merchandise Work's, Ameda, Spectra Baby Products, Hygeia Health, NUK, Babybelle, Lansinoh Laboratories, and Medela among other. Conducting extensive education programs to capture large consumer base, entry into lucrative markets with new distribution networks and expanding direct and indirect sales activities are key strategies adopted by market players to establish their footprint.
Key Questions Answered in Report:
1. What was the size of the competition from 2020 till 2027?
2. How will the market for Respiratory Disease Testing grow in the supply chain by 2027 and what is the resulting market forecast for the year?
3. Which regions are the top targets for channeling their portfolio of production?
4. Where do market forces impact business dynamics, constraints, and opportunities?
5. What will be the corresponding study of relevant industry trends?
6. Which segment or area will drive or lead growth in the market, and why?
7. What are the key sustainability strategies the key market players are adopting?
8. Comprehensive mapping of the competitive landscape, and the behavior of market participants?
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