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Countries such as North America, Europe, and a few Asian countries are supporting the concept of human milk banking. Brazil has a large number of milk banks and is leading the market among the American countries. Research analysis of the global battery-powered breast pumps market identifies that the rising demand for stored human milk will be one of the major factors that will have a positive impact on the growth of the market. Human Milk Banking Association of North America (HMBANA) conducts milk banking in North America. This organization creates awareness about breastfeeding and milk banking. This, in turn, will boost the demand for various breast pumps. The majority of consumers prefer battery operated breast pump because it is convenient to use.
The demand for these pumps will further increase due to the rising disposable income and the increase in healthcare spending. Furthermore, pregnant and lactating women who have HIV and AIDS rely on milk banks. This, in turn, will drive the need for breast pumps on a global level. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 9% by 2021.
One of the key trends that will gain traction in the global battery-powered breast pumps market throughout the projected period is the growing demand for innovative women healthcare products. This demand will drive the need for portable and convenient breast suction pumps such as battery-powered breast pumps. Major vendors such as Ameda, Medela, and Philips Avent are gradually expanding their product offerings from manual breast pumps to portable and easy to use battery-powered breast pumps.
The battery-powered breast pumps market is highly competitive and is characterized by the presence of many international and regional vendors. The key market players have a high geographic reach. Many small players are operating in regional markets with limited product categories. The regional vendors are finding it increasingly difficult to compete with international players especially in terms of quality, pricing, market reach, and financial resources.
The adoption of personal use battery-powered breast pumps is high in comparison to the hospital grade breast pumps because of their features such as double breast pump, portability, and low weight. Manufacturers are developing advanced products with features such as the automatic shutdown, which stops after a fixed extraction time. The digital display also shows the quantity of milk collected and the time of extraction.
The market for battery-powered breast pumps is experiencing growth in the Americas due to the presence of major market players in the region. The increasing awareness about the product and the rising number of consumers will further drive the market’s growth in the region until the end of 2021. The presence of lactation consultants in the region is creating awareness about the usage of battery-powered breast pumps among the users.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Appendix
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