Global Breast Pumps Market Assessment & Forecast: 2015 - 2019

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Published: December, 2015 Global Breast Pumps Market Assessment & Forecast: 2015-2019 Segments Assessed: Product Type – Manual, Battery Operated, Electric, Hospital Grade System – Closed System Breast Pumps, Open System Breast Pumps Geographies Assessed: North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa.

Transcript of Global Breast Pumps Market Assessment & Forecast: 2015 - 2019

Page 1: Global Breast Pumps Market Assessment & Forecast: 2015 - 2019

Published: December, 2015

Global Breast Pumps Market

Assessment & Forecast:

2015-2019

Segments Assessed:

Product Type – Manual, Battery Operated, Electric, Hospital Grade

System – Closed System Breast Pumps, Open System Breast Pumps

Geographies Assessed: North America, Europe, Asia-Pacific, Latin

America, Middle-East and Africa.

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About Us

Spearhead Acuity Business Research & Consulting (SA-BRC) Private Limited (OPC) is a premium Life

Science business intelligence and data analytics firm. The SA-BRC team offers a wide range of

business intelligence services to multiple stakeholders such as Medical Device Manufacturers, Service

Providers (Hospitals, Payers, etc.), Suppliers, Group Purchase Organizations, Distributors and all

other individuals in the entire value chain of healthcare industry. Our research and consulting

capabilities extend across several sub-domains within the sphere of Life Sciences such as

Biotechnology, Healthcare IT, Medical Devices, Veterinary Sciences, Wellness Products and

Pharmaceuticals.

Our skills and capabilities help in putting forth the most accurate perspective of the market. We track

all major and minor events that create ripples and affect the life-science market in different ways.

Our data modeling process includes the evaluation of impacting events and analyzing other

invaluable sources (public & proprietary) of information and finally reporting results that will

influence the decision making of the readers.

SA-BRC has helped start-ups and market leaders across the globe achieve their revenue goals

strategically in multiple stages such as adoption, pre-launch research, regional analysis, social media

analytics, competitive mapping, market entry and post marketing surveillance. We frequently build

panels of experts for gathering data and invite participants of the healthcare industry to share their

opinions and views on our reports. Our current network of industry experts span across all major

life-science domains and take pride in keeping ourselves abreast with the latest happenings within

the sphere of Life-Science.

Report:

GLOBAL NON-VASCULAR

STENTS MARKET

2013-2019

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Table of Content

Chapter 1 Preface 7

1.1 Research Scope 7

1.1.1 Market Segmentation 8

1.1.2 Postulations 9

1.2 Methodology of Research 10

1.2.1 Companies covered in this report 11

Chapter 2 Précis 12

2.1 Market Inferences 12

Chapter 3 Market Dynamics 14

3.1 Market Drivers 14

3.1.1 Renting out of breast-pumps rising across masses and provides considerable push to growth of adoption. 14

3.1.2 Increasing rate of pre-term births and rising number of working mothers 14

3.1.3 Greater awareness of technology and better purchase power has led to an increased availability of these devices 14

3.1.4 Excellent reimbursement scenario in developed regions 15

3.1.5 Rising demand and unprecedented rise in commercialized sale of human milk and donation across the world to needed areas 15

3.2 Market Inhibitors 16

3.2.1 Need only basis of purchasing pumps the most prominent growth inhibitor of the market 16

3.2.2 Price of electric and hospital grade pumps 16

3.3 Opportunities 16

3.3.1 Emerging economies 16

3.3.2 Overcoming challenges of existing pumps 16

Chapter 4 Breast Pumps – Global Market Size Assessment, by Product

Type, Forecast: 2015 - 2019 18

4.1 Introduction 18

4.1.1 Global Breast Pumps Market, by Pumping Systems, US $ Mn (2013 - 2019) 20

4.1.1.1 Open System Breast Pumps 20

4.1.1.2 Closed System Breast Pumps 21

4.2 Global Manual Breast Pumps Market, US $ Mn (2013 - 2019) 22

4.3 Global Electric Breast Pumps Market, US $ Mn (2013 - 2019) 24

4.4 Global Double Electric (Hospital Grade) Breast Pumps Market, US $ Mn (2013 - 2019) 25

4.5 Global Battery Operated Breast Pumps Market, US $ Mn (2013 - 2019) 27

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Chapter 5 Breast Pumps – Global Market Size Assessment, by

Geography, Forecast: 2015 - 2019 29

5.1 Introduction 29

5.2 North America Breast Pumps Market, US $ Mn (2013 - 2019) 30

5.3 Europe Breast Pumps Market, US $ Mn (2013 - 2019) 31

5.4 Asia-Pacific Breast Pumps Market, US $ Mn (2013 - 2019) 33

5.5 Latin America Breast Pumps Market, US $ Mn (2013 - 2019) 35

5.6 Middle-East Breast Pumps Market, US $ Mn (2013 - 2019) 36

5.7 Africa Breast Pumps Market, US $ Mn (2013 - 2019) 38

Chapter 6 Key Players Analysis: Breast Pumps Market, 2014 (%) 40

6.1 Key Players Market Share: Breast Pumps Market, 2014 (Value, %) 40

6.2 Competitive Landscape: Recommendations & Strategies 41

6.3 Global Breast Pumps Market: Recent Developments 2013-2015 43

6.3.1 Mergers and Acquisitions 43

6.3.2 Joint Ventures, Expansion and Collaborations 43

6.3.3 New Product Launches, Approvals and Recalls 43

Chapter 7 Epilogue 44

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List of Figures

FIG. 1 Market Segmentation: Global Breast Pumps Market 8

FIG. 2 Research Methodology: Global Breast Pumps Market Assessment 10

FIG. 3 Global Breast Pumps Market Value – Volume (% Share) Comparison, by Product Type (2014) 13

FIG. 4 Breast Pumps – Global Market Share, by Product Type 2014 & 2019 (% Share – US $ Million) 18

FIG. 5 Breast Pumps – Global Market Share, by Product Type 2014 & 2019 (% Share – Volume Units) 19

FIG. 6 Breast Pumps – Global Market Share, by System 2014 & 2019 (% Share – US $ Million) 20

FIG. 7 Global Open Breast Pumps Market, 2013 – 2019 (US $ Million) 21

FIG. 8 Global Closed Breast Pumps Market, 2013 – 2019 (US $ Million) 21

FIG. 9 Global Manual Breast Pumps Market, 2013 – 2019 (US $ Million) 23

FIG. 10 Global Manual Breast Pumps Market, 2013 – 2019 (Volume - Units) 23

FIG. 11 Global Electric Breast Pumps Market, 2013 – 2019 (US $ Million) 24

FIG. 12 Global Electric Breast Pumps Market, 2013 – 2019 (Volume - Units) 25

FIG. 13 Global Double Electric (Hospital Grade) Breast Pumps Market, 2013 – 2019 (US $ Million) 26

FIG. 14 Global Double Electric (Hospital Grade) Breast Pumps Market, 2013 – 2019 (Volume - Units) 26

FIG. 15 Global Battery Operated Breast Pumps Market, 2013 – 2019 (US $ Million) 27

FIG. 16 Global Battery Operated Breast Pumps Market, 2013 – 2019 (Volume - Units) 28

FIG. 17 Key Players Market Share: Global Breast Pumps Market, 2014 (% Share – US $ Million) 40

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List of Tables

TABLE 1 List of companies covered in this report 11

TABLE 2 Global Breast Pumps Market, by Geography, 2013 - 2019 (US $ Mn) (CAGR: 2015 - 2019) 29

TABLE 3 North America Breast Pumps Market, by Products, 2013 - 2019 (US $ Mn) (CAGR: 2015 - 2019) 30

TABLE 4 North America Breast Pumps Market, by Products, 2013 - 2019 (Volume-Units) (CAGR: 2015 - 2019) 31

TABLE 5 Europe Breast Pumps Market, by Products, 2013 - 2019 (US $ Mn) (CAGR: 2015 - 2019) 32

TABLE 6 Europe Breast Pumps Market, by Products, 2013 - 2019 (Volume-Units) (CAGR: 2015 - 2019) 32

TABLE 7 Asia-Pacific Breast Pumps Market, by Products, 2013 - 2019 (US $ Mn) (CAGR: 2015 - 2019) 33

TABLE 8 Asia-Pacific Breast Pumps Market, by Products, 2013 - 2019 (Volume-Units) (CAGR: 2015 - 2019) 34

TABLE 9 Latin America Breast Pumps Market, by Products, 2013 - 2019 (US $ Mn) (CAGR: 2015 - 2019) 35

TABLE 10 Latin America Breast Pumps Market, by Products, 2013 - 2019 (Volume-Units) (CAGR: 2015 - 2019) 36

TABLE 11 Middle-East Breast Pumps Market, by Products, 2013 - 2019 (US $ Mn) (CAGR: 2015 - 2019) 37

TABLE 12 Middle-East Breast Pumps Market, by Products, 2013 - 2019 (Volume-Units) (CAGR: 2015 - 2019) 38

TABLE 13 Africa Breast Pumps Market, by Products, 2013 - 2019 (US $ Mn) (CAGR: 2015 - 2019) 39

TABLE 14 Africa Breast Pumps Market, by Products, 2013 - 2019 (Volume-Units) (CAGR: 2015 - 2019) 39

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Chapter 1 Preface

1.1 Research Scope

Chapter Number Segment Description

Chapter 1:

Preface

Research Scope

The preface provides a brief overview of the contents of

the research report. The overview is further

supplemented by a graphical representation of the

market segments analyzed in the report. This is followed

by the postulations or assumptions considered for

analysis of different segments.

Research Methodology

Provides the methodology adopted by SA-BRC while

estimating the current and future market in terms of

value and volume.

Chapter 2:

Précis Inferences & Summary

The chapter lists down key (quantitative and qualitative)

highlights and takeaways of the market as reported in

the study.

Chapter 3:

Market Dynamics

Drivers, Inhibitors &

Opportunities

Explains the foremost factors that are affecting the

growth (positively and negatively) of the Global Breast

Pumps Market.

Chapter 4:

Global Breast Pumps

Market Size & Forecast

by Product Type

Market Estimations for

Breast Pumps by type of

Products

System Type: Closed System & Open System

Product Type: Manual, Electric, Hospital Grade, Battery

Operated. Estimates market value and volume with

2013 & 2014 as historical years and forecast of 2015-

2019.

Chapter 5: Global Global

Breast Pumps Market

Size & Forecast by

Geography

Regional Analysis of

various Breast Pumps

Provides estimates by value for 6 geographies of North

America, Europe, Asia-Pacific, Latin America, Middle-

East and Africa. Estimates market value and volume

with 2013 & 2014 as historical years and forecast of

2015-2019.

Chapter 6:

Key Players Market

Analysis

Recent Developments &

Competitive Strategies

and Market Share by

Company

Elaborates recent developments for the years 2013,

2014 & 2015 and major competitive strategies adopted

by companies in this area based on events for past 3

years.

Chapter 7:

Epilogue

Postscript Qualitative

Overview

Provides postscript content to the report and includes an

informal perspective on the market with the best

possible outcome by the end of forecast period.

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1.1.1 Market Segmentation

FIG. 1 Market Segmentation: Global Breast Pumps Market

Source: SA-BRC Analysis

Global Breast Pumps Market Assessment & Forecast 2015 - 2019

Demographic Segmentation

North America

Europe

Asia-Pacific

Latin America

Middle-East

Africa

Product Type

Manual Breast Pumps

Electric Breast Pumps

Hospital Grade Breast Pumps

Battery Operated Breast Pumps

System

Closed Loop System

Open Loop System

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1.1.2 Postulations

This section covers assumptions and postulations or hypotheses considered during the research of

the market. The assumptions considered for estimating the complete forecast of the Global Breast

Pumps Market have been detailed below:

For estimation of volume of breast pumps, the global average price of each product type has

been evaluated across all regions included in this report. Our analysis concluded that the

average prices of each product across 6 regions does not vary greatly, thus the analysis

assumes identical price of a particular breast pump type in North America, Europe, Asia-

Pacific, Latin America, Middle-East and Africa.

The market for Africa may differ significantly due to lack of information on the portion of

devices actually resulting in revenue generation and the portion of devices that may be

donated through charities, NGOs and non-profit organizations. The report assumes a very

low number of devices being donated (most donations being products that are manufactured

through Asian and other emerging country manufacturers.

The report assumes that no major economic meltdown or surge occurs during the forecast

period. These extreme variations may take place due to environmental challenges, global

economic cues, wars and other factors.

This report excludes market for bicycle horn/bulb-type breast pumps since their usage has

drastically reduced in recent years. Our survey of developing regions confirmed that these

pumps are no longer in use by most regions across the globe.

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1.2 Methodology of Research

FIG. 2 Research Methodology: Global Breast Pumps Market Assessment

Source: SA-BRC Analysis. **Websites mentioned in the above representation are few examples from our exhaustive list of references that

cannot be compiled in entirety

Quantitative

Research

Qualitative

Research

Primary Research Secondary/Desk Research

Online-web (CATI/CAWI/CAPI)

Telephonic and video conference

Interviewee Location: Multiple

respondents from each of 6 geographies

Interviewee Field Exp.: All Interviewees

were c-level, d-level, VP level and senior

management

Target Information: validation of

secondary findings; cross-verification of

other primary interviews

Organization – Hospital Purchase Dept,

Pharmacies and GPO’s across 6 regions

Proprietary third party databases

In-house data repository

Company sites

Annual Reports/ SEC Filings

Investor presentations

Equity & Stock

(Seeking Alpha, Zacks, Motley Fool,

Forbes etc.)

Primary Research Secondary/Desk Research

Online forums/blogs

Online communities/Patient Advocacy

Groups

Online chat with KOLs/experts

Focused Group Discussions

Target Information: Insights on market

trends, market impact factors, marketing

and awareness programs etc.

Fierce Medical Device

MDDI Online

UpToDate

medicaldevice-network.com

La Leche League

WHO, CDC, U.S. FDA

PIPA (Preterm Infant Parents Association)

ScienceDaily, Bloomberg, HeraldOnline

WIC- Food & Nutrition Service U.S. FDA

Online Retail Pricing Information –

Amazon.com, Argos, ToysRUs, Tesco

Data triangulation was done for the information (quantitative/qualitative) collected through

primary and secondary sources. Analysis also included evaluation of all major macro and

microeconomic factors.

Post data triangulation process, the summary of our study was shared with KOLs and industry

experts to suggest further insights to our analysis as well as validate the overall Breast Pumps

Market.

Key Findings

Market Forecast

Insight Generation

Spearhead-Acuity Team

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1.2.1 Companies covered in this report

TABLE 1 List of companies covered in this report

S. No Company Name S. No Company Name

1 Medela Healthcare 2 Dao Health Freemie

3 Philips Avent 4 Playtex Marketing Corp

5 Ameda 6 Farlin Corporation

7 Lansinoh Laboratories Inc 8 Hygeia Medical Group Inc

9 Tommee Tippee 10 Spectra Baby USA

11 Evenflo Company Inc 12 Chicco Artsana

13 Pigeon Corporation 14 Bailey Medical Engineering

15 Gala Breast Pumps 16 Simplisse Breastfeeding Products

Source: Proprietary data sources, KOL opinions, Primary Interviews, SA-BRC Analysis

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Chapter 2 Précis

2.1 Market Inferences

Key Highlights and Insights to the Global Breast Pumps Market:

The global breast pumps market was valued at US$ 1,159.0 million in 2014 and expected to

grow to US$ 1,691.5 million by 2019 at a CAGR of 7.8% from 2015 to 2019.

The Battery Operated pumps accounted for the largest share of xx% in 2014, which

translated into revenues worth US$ xx million. The market is also forecast to grow at the

fastest pace of CAGR xx% from 2015 to 2019.

The manual breast pumps were the slowest growing segment with forecast growth of CAGR

xx% between 2015 and 2019. Revenue generated from the segment was US$ xx million in

2014 and accounted for a share of xx%.

The open system of Breast Pumps has continued to decline in recent years and is forecast to

shrink at a CAGR of xx% from 2015 to 2019. On the other hand, closed systems designed to

reduce cross contamination and increase multi-user capability increased revenue to US$ xx

million in 2014 and are forecast to grow with a CAGR of xx% from 2015 to 2019.

North America continued to be the greatest adopter of breast pumps with a share of xx% in

2014. The share translated into a revenue generation of US$ xx million in 2014. The fastest

growing region was Middle-East with a CAGR of xx% closely followed by Asia-Pacific with a

CAGR forecast of 9.5% between 2015 and 2019.

Market in terms of key players is consolidated with top five players contributing to xx% of

the market. Leading players were Medela Healthcare (xx%), Ameda (xx%), Philips Avent

(xx%), Hygeia (xx%) and Lansinoh Laboratories (xx%).

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Disclaimer:

Spearhead Acuity Business Research & Consulting Private Limited (OPC) is an informative Market

Research Company with the sole intention of sharing market related insights. The information

provided in our research reports or on sa-brc.com though collected through authentic sources,

analyzed and cross validated through Key Opinion Leaders (KOLs) in the industry; neither the

company nor authors provide any kind of warranty about the content – both qualitative and

quantitative.

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