BRIC Breast Pump Market is Set to Hit $313.6 Million By 2026: Grand View Research, Inc

BRIC Breast Pump Market is Set to Hit $313.6 Million By 2026: Grand View Research, Inc

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According to report published by Grand View Research, BRIC breast pump market size was estimated at USD 124.6 million in 2017, exhibiting a 10.8% CAGR during the forecast period.

The BRIC Breast Pump Market size is expected to reach USD 313.6 million by 2026, according to a new report by Grand View Research, Inc., registering a 10.8% CAGR during the forecast period. Growing awareness among mothers, improving healthcare infrastructure, declining infant mortality rate, increasing population of working mothers, and rising government initiatives are some of the key factors driving the market.

Surge in awareness campaigns by private and public organizations with respect to advantages of breastfeeding has encouraged working mothers to use breast pumps. For instance, UNICEF conducted a National Breastfeeding Promotion Program in August 2016, called Mothers’ Absolute Affection (MAA) in New Delhi, India, to create awareness regarding breastfeeding. Initiatives such as these have influenced many working women to use breast pumps and have also helped in understanding the benefits of breastfeeding. In addition, rising number of births in developing nations such as India as well as advancements in product improvement by key players have fueled the breast pump market.

Brazil breast pump market size, by product, 2015 - 2026 (USD Million)

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Further key findings from the report suggest:

  • By technology, the electric breast pump segment is projected to ascend at the highest CAGR of 13.5% over the forecast period. Electric breast pumps provide better comfort and easy applicability, driving their adoption among mothers
  • In 2026, China is expected to emerge as the leading regional market for breast pumps, with a share of over 29.0%. This is attributed to supportive government initiatives
  • Some of the key players in the market are Newell Brands, Inc.; Pigeon Corporation; Koninklijke Philips N.V.; Medela LLC; and Mayborn Group Limited. Koninklijke Philips N.V. and Medela LLC are expected to dominate the market over the forecast period. 
                                                                                                

BRIC breast pump market share, by technology, 2017 (%)

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Grand View Research has segmented the global BRIC breast pump market on the basis of product, technology, application, and country:

BRIC Breast Pump Product Outlook (Volume, Units Sold; Revenue, USD Million, 2015 – 2026)

  • Open System
  • Closed System

BRIC Breast Pump Technology Outlook (Volume, Units Sold; Revenue, USD Million, 2015 – 2026)

  • Manual
  • Battery Powered
  • Electric

BRIC Breast Pump Application Outlook (Volume, Units Sold; Revenue, USD Million, 2015 – 2026)

  • Personal Use
  • Hospital Grade

BRIC Breast Pump Country Outlook (Volume, Units Sold; Revenue, USD Million, 2015 – 2026)

  • Brazil
  • Russia
  • India
  • China
     

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About Grand View Research

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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