In a recent published report, Kenneth Research has updated the market report for Breast Feeding Accessories Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Breast Feeding Accessories Market products.
The Global Breast Feeding Accessories Market is expected to register a CAGR of 7.8% during the forecast period of 2018 to 2024.Breast feeding plays very important role in the growth and development of new-born babies. Maternal breast feeding is a biological process, but, in some cases, such as difficulty in breast feeding due to irregular milk flow is creating the demand for breast feeding accessories to feed their babies effectively. There is a high demand for breast feeding accessories in hospitals, clinics, and personal use. Temporary difficulty in milk secretion, increasing rate of the adopted baby leads to cause difficulties in breast feeding.
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Also, the key factors contributing for the market growth are growing awareness about the breast feeding accessories, increase in women employment rates, decreasing infant mortality rate, improving healthcare infrastructure in emerging economies, and favorable policies promoting breast feeding in North America and Europe promotes the market growth are boosting the market.However, the problem associated with breast feeding accessories and high cost of the products hampers the market growth.
Sources: WHO, Centers for Medicare & Medicaid Services, annual reports, press release, white paper, and company presentation
Segmentation
The global breast feeding accessories market is segmented on the basis of product and end user. On the basis of the product, the global breast feeding accessories market is categorized into breast milk bottles breast pumps, nursing clothes, breast feeding pillow, nursing pads, nipple care products, cleaning products, breast shells and other accessories. The breast pump is sub-segmented into manual breast pumps and electric breast pumps. The nursing pads are further sub-segmented into disposables and reusable. On the basis of the end user, the market is segmented into hospital & clinics and personal.
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Key Players
Koninklijke Philips N.V. (UK)
Medela LLC (US)
Ameda (US)
Pigeon Corporation (Japan)
Nuby (USA)
Artsana S.p.A. (UK)
Handi-Craft Company (US)
Medline Industries Inc. (US)
NNUK USA LLC (US)
Tommee Tippee/Mayborn Group Limited (UK)
Regional Analysis
The Americas dominate the global breast feeding accessories market owing to the development in healthcare infrastructure, increasing demand for advanced breast feeding accessories, and the favorable policies promoting breast feeding in North America and Europe promotes the market growth in this region. According to the World Health Organization, 2018 fact sheet reported that around 820,000 babies could be saved every year who are under five years if they are optimally breastfed. The increasing awareness about breast feeding equipment’s and a number of milk banks will support market growth.
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Europe is the second largest in the global breast feeding accessories market. Factors such as increasing woman employment, increasing government support for improving kids’ health, and a growing number of hospitals and milk bank for children in this region supports the market growth. The World Health Organization reported that the average rate of breast feeding thus remains below the global recommendation, and rates differ substantially across the region, which affects the health of children in this region. Asia Pacific region is the fastest growing market owing to the presence of developing economies like India, China, and Australia, and also the rising healthcare expenditure by the government. The increasing birth rate in this region increases the demand for breast feeding accessories will boost the market growth in this region.
On the other hand, the Middle East & Africa has the least share in the global breast feeding accessories market. This can be attributed to the presence of poor economies, low awareness, and lack of healthcare infrastructure affect market growth.
Research Methodology
Sources: WHO, Centers for Medicare & Medicaid Services, Centers for Disease Control and Prevention, Eurostat, Indian Brand Equity Foundation, Annual Reports, Press Release, White Paper, and Company Presentations.
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Intended Audience
Hospitals and Clinics
Ambulatory Care Centers & Home Care Settings
Research and Development (R&D) Companies
Medical Research Laboratories
Market Research And Consulting Service Providers
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