Global Breast Pump Market Overview 2017: Demand By Region, Application, Types and Forecast
The market is expected to reach a value of US$ 972 Million in 2022, exhibiting a CAGR of around 7% during 2017-2022.
United States, 15 November 2017 -- The global breast pump market has witnessed a positive growth over the past several years. This can be accredited to growing number of working women, inflating disposable incomes, technological advancements and growing acceptance of breast pumps across the world.
According to IMARC Group’s latest report, titled “Breast Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global breast pump market reached a value of US$ 642 Million in 2016. Breast pump is a mechanical device that extracts milk from the breasts of a lactating woman by using suction which triggers the milk ejection. The application of breast pump prevents discomfort and the expressed milk can be used to feed to the baby later, as per the need. This device is highly useful for women who are not able to nurse their babies constantly. Additionally, a breast pump can also be used to stimulate lactation for women with a low milk supply. Breast pumps include manual devices driven by hand or foot movement, or electrical devices powered by batteries.
Growing number of working women has fueled the global breast pump market.
Battery-powered breast pump accounts for the majority of the market share.
North America represents the leading market.
The global breast pump market is driven by growing women employment rate. A majority of working women resume work immediately after giving birth, resulting in busy schedules and hectic lifestyles. In order to meet the basic requirements of babies, more and more women are adopting breast pumps to store and provide breastmilk as and when needed. Moreover, growing awareness about the benefits of breast milk and importance of breastfeeding has stimulated the demand for breast pumps globally. Additionally, technological advancements have encouraged the manufacturers to come up with advanced products, such as double breast pumps, which has widened the consumer base. Some of the other factors driving the growth of the global breast pump market are government initiatives towards consumer awareness and improving healthcare infrastructure, especially in the emerging economies. Owing to the abovementioned factors, the market is expected to reach a value of US$ 972 Million in 2022, exhibiting a CAGR of around 7% during 2017-2022.
The global breast pump market is segmented on the basis of type, including closed system breast pump and open system breast pump. On the basis of technology, battery-powered breast pump account for the majority of the market share, followed by electric breast pump and manual breast pump. The market is also segmented on the basis of application, into hospital and personal care. Region-wise, North America represents the largest market, accounting for the majority of the total share. North America is followed by Europe, Asia-Pacific, Latin America, and Middle East and Africa. On evaluating the competitive landscape of the market, it is found that Philips Avent, Pigeon Corporation, Medela, Ameda and Hygeia Medical Group II are the key global players.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Media Contacts: IMARC Group
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