According to a report, “Europe Breast Pumps Market Size, Share & Trends Analysis Report By Product (Open, Closed), By Technology (Manual, Electric), By Application (Personal, Hospital), And Regional Segment Forecasts, 2019 – 2025” , published by Grand View Research, Inc., The Europe breast pumps market size is expected to reach USD 676.53 million by 2025, It is anticipated to register a CAGR of 7.9% during the forecast period. Economic development and rising disposable income are anticipated to help driving future sustainability for the regional market. Manufacturers investing in these rapidly developing markets are expected to witness high growth, provided pricing and distribution activities are undertaken effectively.
Key Takeaways from the report:
In terms of revenue, closed system segment is projected to ascend at the fastest CAGR over the forecast period. Ease of usage and better safety than the open system breast pumps can be attributed to the segment growth
Electric breast pumps commanded the highest market share in 2017 and is expected to witness the fastest growth over the forecast period owing to the increase in inclination towards technologically advanced products
Hospital grade breast pumps are expected to witness the fastest growth owing to the rising awareness regarding the benefit of breastfeeding and high employment rate among women
Some of the key companies present in the Europe breast pumps market are Ameda; Energizer Holdings, Inc.; Medela AG; Koninklijke Philips N.V.; Büttner-Frank GmbH; and Pigeon Corporation.
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The end users in the Europe breast pump market, i.e. the lactating mothers, are becoming increasingly aware about the benefits and importance of breastfeeding. Increase in women employment and neonatal mortality rate is driving the adoption of advanced medical technologies in everyday lives of the consumers in this region. For instance, as per Global Economy, women employment rate in Germany increased from 54.51% in 2014 to 55.03% in 2017. Women in developed countries such as Germany and Poland are using technologically advanced devices in their everyday lives to reduce the time spent on routine activities. Such factors are anticipated to drive the regional market.
Grand View Research has segmented the Europe breast pumps market on the basis of product, technology, application, and region:
Europe Breast Pump Product Outlook (Volume, Units; Revenue USD Million, 2014 – 2025)
Europe Breast Pump Technology Outlook (Volume, Units; Revenue USD Million, 2014 – 2025)
Europe Breast Pump Application Outlook (Volume, Units; Revenue USD Million, 2014 – 2025)
Europe Breast Pump Country Outlook (Volume, Units; Revenue USD Million, 2014 – 2025)
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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