Utilising both primary and secondary research methods, Reports and Insights investigated the “North America Breast Pump DME Market” from every perspective in recent times. The issued report is promising the clients to help them gain a deeper understanding of prevailing market dynamics such as supply-demand asymmetry, product preferences, customer preferences and habits, pricing trends, and so forth. The data is then compiled and evaluated using a scale of market assessment and data validation approaches. In addition, Reports and Insights have an in-house data prognostic approach that prophecies market growth through 2030.
In 2020, North America breast pump DME market was valued at US$ 474.2 Mn and expected to grow significantly at a CAGR of 6.8% over the forecast period.
North America Breast Pump DME Introduction
Breast pumps can be perceived as medical devices, regulated by the U.S. Food and Drug Administration, which serves its utility to regulate or increase a woman’s milk feed, alleviate congested breasts and clogged milk ducts, or draw out flat or upturned nipples so a nursing baby can latch on more effortlessly. Durable medical equipment is any type of medical equipment which comes in the use at home to assist in an improved quality of living. It is a benefit incorporated in the majority of the insurances. Most insurance plans cover the purchase of a breast pump, as they are entitled as a crucial element of preventative healthcare. Therefore, the breast pump DME market is projected to rise swiftly in the future years.
North America Breast Pump DME Market Dynamics
In today’s contemporary world, women hold a leading role in each and every industry around the world. As the result of the industrial revolution, the contribution of women in the workforce, other than households, is immeasurable. Thus, they carry ample amounts of work responsibilities and commitments, owing to which, medical equipment like breast pumps are considered a crucial element of preventive healthcare and most insurance plans are obliged to cover them as benefits to new mothers. Also, according to the Affordable Care Act, 2010, breastfeeding should be made more affordable and accessible for hundreds and millions of American women. Therefore, the law obliges all new health plans to offer particular preventive services without any cost-sharing, involving coverage for breastfeeding support and supplies. Attributing to said factors, the breast pump DME market is projected to witness significant growth over the forecast period. Having said that, many insurance companies impose major administrative barriers that limit well-timed breastfeeding support and sufficient equipment, which is likely to restrain the market growth in the coming years.
North America Breast Pump DME Market Segmentation
By DME Care
- Hospital Grade
- Home Grade
- Closed System
- Open System
By End User
North America Breast Pump DME Market Key Players
The key participating players of the global North America Breast Pump DME market include Ameda Inc., Hygeia Medical Group II, Lansinoh Laboratories, Inc., Koninklijke Philips N.V., Medela AG, Motif Medical LLC, NUK USA LLC, Neb Doctors, Linco Baby Merchandise Works Co., Ltd., Aetna Inc., Bright Health, Champva, Cigna, Humana, TRICARE, United Healthcare, Tufts Health Plan Mass (Integra), among others.
REPORTS & INSIGHTS Overview on North America Breast Pump DME Market Report
The non-identical approach of Reports & Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the North America Breast Pump DME market by Reports & Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyse the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Concerns for use of North America Breast Pump DME
Advantages of North America Breast Pump DME
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment where one/two manufacturer(s) dominates the market, its product sales, previous growth rates and market expansion plans are considered to generate market share in the global market.