The Global Breast Pumps Market is expected to reach
USD 1,197.7 million by 2020, growing at an estimated CAGR of 7.6% from 2014 to
2020, according to a new study by Grand View Research, Inc. Introduction of
innovative technologies including hand free breast pumps, growing women
employment rates coupled with growing awareness levels pertaining to the
advantages of breast milk are expected to drive breast pump demand over the
next six years. In addition, presence of untapped growth opportunities in
emerging markets such as India, Brazil and China and the introduction of
government initiatives such as declaring breast pumps tax deductible are
expected to serve this market as future growth opportunities.
Closed breast pump systems dominated the overall
market in terms of revenue share at 83.4% in 2013. These systems are relatively
more hygienic and free from microorganisms as the milk does not come in contact
with air at all and therefore, hold higher usage rates.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/breast-pumps-market
Further
key findings from the study suggest:
- Battery-powered pumps dominated the pumping system type market in terms of share at over 55.7% in 2013 due to increasing number of women who are in need of extracting milk several times a day and looking to store it for a longer duration.
- North America was the largest regional market in 2013, accounting for over 61.4% of global revenue due to the presence of high women employment rate, patient awareness levels, healthcare expenditure and sophisticated healthcare infrastructure.
- Asia Pacific is expected to be the fastest growing regional market, at an estimated CAGR of 17.0% from 2014 to 2020. High prevalence of unmet medical needs coupled with constantly improving healthcare infrastructure coupled with growing populationin emerging markets of India and China are some of the factors accounting for its rapid growth.
- Personal use breast pumps are expected to experience significant market gains. Growing customer awareness levels coupled with increasing disposable incomes is one of the major factors accounting for its fast growth.
- Key industry participants of this market include Medela Inc., Philips AVENT, Ameda Breastfeeding Solutions, Hygeia Medical Group, Whittlestone Inc., Lansinoh Laboratories Inc., Bailey Medical, Energizer Personal Care, and LLC (Playtex Baby).
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/medical-devices
For the purpose of this study, Grand
View Research has segmented the breast pump market on the basis of product,
technology and region:
Breast
Pump Product Outlook
• Open system
• Closed system
Breast
PumpTechnology Outlook
• Manual Pumps
• Battery-powered pumps
• Electric pumps
Breast
Pump Regional Outlook
• North America
• Europe
• Asia Pacific
• RoW
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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