Category : Healthcare and Pharmaceuticals | Published at : March-2019 | Delivery Format : PDF | Status: Published | Pages : 160
Introduction
The global breastfeeding accessories Market is projected worth US$ 1,470.6 million by 2026 and the market is projected to showcase 10.5% CAGR during the forecast period. The breastfeeding accessories market is driven by a rise in population of working mother, the rise in birth rate and fast-paced lifestyle.
Market Dynamics
Improvement in breastfeeding accessories and an increase in working women population are the major driving forces that are creating demand for breastfeeding accessories. Also, the increase in the number of lengthy government approval process related to the breastfeeding accessories are the restraining factors that can hamper the growth of the global breastfeeding accessories market.
Market Insights
The rise in technological advancements and have transformed the healthcare industry as the manufacturers of breastfeeding accessories are making efficient use of advanced equipment to manufacture a variety of accessories. Also, the favorable healthcare policies and rising demand of breastfeeding accessories by working women are expected to create huge opportunities for manufacturers across the globe. Moreover, the rise in disposable income and a growing worldwide population will have a positive influence on the overall breastfeeding accessories market. Also, the advancement in technology is rapidly gaining traction and is expected to create profitable opportunities for key manufacturers in the global breastfeeding accessories market.
Market Classification
The global breastfeeding accessories market is segmented into product, application, and region. On the basis of product, the global breastfeeding accessories market is segmented into breastfeeding pumps, breast milk preparation & cleaning products, nipple care products, baby scales, breast milk storage & feeding, breast shells, breast pads, and other accessories. On the basis of application, the global breastfeeding accessories market is segmented into hospital grade and personal purpose. On the basis of the region, the global breastfeeding accessories market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Based on the product, the global breastfeeding accessories market can majorly be segmented into three sub-segments, which are breastfeeding pumps, breast milk preparation & cleaning products, nipple care products, baby scales, breast milk storage & feeding, breast shells, and breast pads. Breast milk storage & feeding sub-segment is expected to dominate the global breastfeeding accessories market. This growth is due to the increase in the number of milk banks, rapid adoption of advanced technologies, and augmented awareness about breast milk storage. Moreover, breast milk storage bags are suitable to use, low cost, and one-time use.
Regional Insights
The North America region is expected to dominate the global breastfeeding accessories market owing to the rising wing to rise in women employment in the U.S. Additionally, the huge presence of established healthcare infrastructure and growing customer awareness about these accessories are some of the major factors driving the growth of the breastfeeding accessories market.Also, the Asia Pacific region is expected to witness higher CAGR during the forecast period owing to the various awareness campaigns by potential players in this region.
Market Participants
The major players associated with the breastfeeding accessories market are Artsana Group, Koninklijke Philips N.V., Medline Industries, Inc., Pigeon Corporation, Ameda, Inc., Handi-Craft Company, Medela LLC, NUK USA LLC, TommeeTippee (Mayborn Group Limited), etc.
Key manufacturers in the global breastfeeding accessories market are focused on investing heavily in research and development activities in order to manufacture innovative breastfeeding accessories for effective applications. Additionally, the key players in the global breastfeeding accessories market are aiming mainly on merger and acquisition and developing strategic partnerships with other established players in order to expand their business geographically as well as to gain market share.
Market Segmentation
Market By Product
- Breastfeeding Pumps
- Breast Milk Preparation & Cleaning Products
- Nipple Care Products
- Baby Scales
- Breast Milk Storage & Feeding
- Breast Shells
- Breast Pads
- Other Accessories
Market By Application
- Hospital Grade
- Personal Use
Market By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Chile
- Rest of Latin America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
