The research report, “ North America Breast Pump DME Market: Opportunity Analysis and Future Assessment 2023-2031,” provides a thorough analysis of the evolving market trends, growth areas, opportunities, drivers, and restraints, allowing clients and stakeholders to align their market strategies with current and anticipated market dynamics. The North America Breast Pump DME Market is anticipated to grow at a CAGR of about 6.8% from 2023 to 2031. The research study also includes a strategic evaluation of the market’s growth trajectory throughout the forecast period while accounting for the impact of Covid-19 on the sector and using certain data produced by research professionals.
Reports and Insights has published a new report titled, “North America Breast Pump DME Market: Opportunity Analysis and Future Assessment 2023-2031”
Global North America Breast Pump DME Market Share, By DME care (Service, Equipment), By Modality (Handheld, Compact), By Product (Single, Kit), By Grade (Hospital Grade, Home Grade), By Type (Closed System, Open System), By Technology (Electric, Manual), By End User (Hospital, Homecare, Caregiver), and By Country (U.S. and Canada) is expected to grow at a significant CAGR for the period between 2020 and 2028.
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.
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Lately, 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. In the present day and age, women carry a whole lot of responsibilities and work commitments, where at the same time, they also desire to relish their motherhood. Owing to which, governments and authorities took numerous initiatives regarding making breastfeeding more affordable and accessible to new mothers and providing breast pumps and all the necessary accessories and support as benefits.
Back in 2010, as per the Affordable Care Act (ACA), new health plans must offer particular preventive services without any cost-sharing, involving coverage for breastfeeding support and supplies. After this, there is a constantly increasing number of insurance covering companies in the breast pumps market, which is projected to propel the breast pump DME market in the forthcoming years.
On the other side, state wise policy variation within the insurance groups refran many mothers from obtaining their benefits. Notably, numerous women do not get complete benefits, as in some cases, state wise insurance policy variations fail to conform with the ACA’s breastfeeding coverage requirements, or limit coverage in a manner that compromises the intent of the law. Furthermore, insurance companies inflict administrative barriers and restrictions that hinders women’s capacity to get well-timed breastfeeding benefits. Such factors are estimated to hold back the growth of the global breast pump DME market in the following years.
Some of the key questions answered in this report:
- Which are the five top players of the North America Breast Pump DME Market?
- How will the North America Breast Pump DME Market change in the upcoming years?
- Which product and application will take a share of the North America Breast Pump DME Market?
- What are the drivers and restraints of the North America Breast Pump DME Market?
- Which regional market will show the highest growth?
- What will be the CAGR and size of the North America Breast Pump DME Market throughout the forecast period?
- What are the challenges to grow in the market?
- What is the size of the Market in 2023, and how much will it be worth by 2031?
- What is the current global market scenario for North America Breast Pump DME Market?
- What are the best business strategies for maximizing growth potential?
- What are the recent North America Breast Pump DME Market trends?
- What is the market share in terms of Market revenue, sales, and size in specific geographical regions?
- Who are the key industry players in the Market?
- Which Market segment is in high demand?
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Reports and Insights Study identifies some of the key participating players in the North America Breast Pump DME market globally are 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.
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