Breast pumps are medical devices used for extracting milk from the breast of lactating mother. These devices are used mainly by working women to continue breastfeeding while they are at work. In some cases, physicians also recommend breast pumps to stimulate milk supply when the baby is unable to latch-on and suckle. Breast pumps have emerged as a preferable choice for the working women. The market is poised to witness a remarkable growth, primarily due to the related technological advancements such as double breast pumps, which help remove fat content from milk and replacing it with higher caloric value.
The world breast pump market is projected to garner revenues worth $829 million by 2022, registering a CAGR of 6% over the forecast period. The growth of the market is attributed to the rapid increase in working women population, inadequate maternity leave period and the growing awareness about the benefits and importance of breastfeeding. Other factors such as favourable reimbursement scenario, increasing healthcare expenditure by the government and technological developments in electric breast pumps will also help in the growth of the market. On the other hand, barriers such as high risk of contamination mainly in open system breast pumps, high maintenance of electricity battery pumps and hospital grade pumps, high cost of breast pumps coupled with low awareness, especially in under-developed countries such as Nigeria, Afghanistan and Bhutan are likely to restrain the market growth.
The world breast pump market is segmented on the basis of technology, product type, application and geography. On the basis of technology, the market is segmented into manual breast pumps, battery powered breast pumps and electric breast pumps. By product type, the market is segmented into closed system breast pumps and open system breast pumps. Closed system breast pumps are both the highest revenue generating segment as well as the highest growing segment owing to higher benefits such as reduced risk of contamination and a preventive barrier between the pump and the milk collection kit. Based on application, the market is segmented into personal use pumps and healthcare/hospital grade pumps. In terms of geography, the market is segmented into North America, Europe, Asia-Pacific (APAC) and Latin America, Middle East and Africa (LAMEA).
The North America breast pump market will be the leading revenue-generating region whereas Asia-Pacific will be the highest growing region, owing to growing demand for breast pumps. Asia-Pacific breast pump market is set to grow at a promising CAGR of approximately 10% from 2015 to 2022, due to factors such as rising disposable income and highly unmet medical needs.
Companies have adopted product development as their key development strategy in the breast pump market. Increase in focus on product development is mainly for the development of innovative technologies in the field of breast pumps. In February 2014, Pigeon Corporation launched “Electric Breast Pump” and “Electric Breast Pump First Class’’ to help mothers pump and store breast milk which allows them to continue breastfeeding their babies even when they are at work.
KEY BENEFITS FOR STAKEHOLDERS:
KEY MARKET SEGMENTS:
By Technology (Value and Volume)
By Product Type (Value and Volume)
By Application (Value and Volume)
By Geography (Value and Volume)
Key players operating in the breast pump market include:
Other players in the value chain include:
*Profiles of these players are not included. However, the same will be included as per the request
SIMILAR MARKET STUDIES
The Global Body Temperature Monitoring Devices Industry 2015 Deep Market Research Report is a professional and in-depth study on the current state of the Body Temperature Monitoring Devices industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure.The Body Temperature Monitoring Devices market ...
October 2015 | $2800 | View Details >>
The United States Nasal Suction Pump Industry 2015 Deep Market Research Report is a professional and in-depth study on the current state of the Nasal Suction Pump industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Nasal Suction Pump market analysis ...
December 2015 | $3800 | View Details >>
The Global Hematology Analyzers Industry 2015 Deep Market Research Report is a professional and in-depth study on the current state of the Hematology Analyzers industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure.The Hematology Analyzers market analysis is provided for the international ...
July 2015 | $2800 | View Details >>
This report studies sales (consumption) of Single-Use Bioreactors in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Sartorius (DE) GE Healthcare (US) Thermo Fisher ...
October 2016 | $4000 | View Details >>
UPCOMING MARKET RESEARCH REPORTS
2017 © Copyright Big Market Research