Breast
Pumps Market is expected to garner $829 million by
2022, from $540 million in 2015, registering a CAGR of 6.6% from
2016 to 2022. On the basis of value, the battery powered breast pumps
segment contributed more than two-thirds of the total share in 2015 and will
continue its dominance during the forecast period. In terms of volume, the
manual breast pumps segment contributed nearly one-fourth of the total share in
2015.
The surge in population of working women, increase in disposable
income, and rise in awareness regarding importance of breastfeeding drive the
growth in the global breast pumps market. Based on revenue, the closed system
breast pumps segment contributed the major share of the market in 2015,
and is expected to maintain its dominance during the forecast period along with
registering the fastest CAGR of over 6% throughout the forecast period.
The personal use breast pumps contributed the highest share in
terms of volume, registering a CAGR of nearly 6% during the forecast period.
There is a rise in demand for personal use breast pump, owing to factors
including effective pumping techniques, portability, and contamination-free
feeding. On the other hand, the market for battery-powered breast pumps would
grow at a considerable rate, owing to surge in preferences for efficient and
portable pumping systems that presents an easy cleaning option.
Key findings of the report:
- The
closed system breast pumps segment would become the fastest growing
segment in terms of value and volume, registering a CAGR of nearly 6.5%
and 7% respectively, during the forecast period.
- Asia-Pacific
is expected to become the fastest growing segment, registering a CAGR of
9.7%, on the basis of value, from 2016 to 2022.
- In
2015, North America contributed nearly three-fifths of the total share in
the global breast pumps market based on value.
- The
hospital grade breast pumps would generate the highest revenue during the
period, 2016-2022.
- In
2015, the battery powered breast pumps segment became the leading segment
and is expected to register the highest growth rate in global breast pump
market at CAGR of 6.4% during the forecast period.
- Mexico
would become the fastest growing market from the North American region.
- China
and Japan would become the leading countries for breast pumps in the
Asia-Pacific region.
Geographically, North America held the major market share in
2015, owing to the surge in adoption of breast pump techniques across the
region. However, Asia-Pacific is estimated to grow at the fastest rate, owing
to surge in medical needs and rise in awareness about breastfeeding. In terms
of value, Europe contributed approximately one-fifth of the total share of the
overall market in 2015, owing to a huge number of women utilizing breast pumps.
The key players analyzed in the research include Medela AG,
Koninklijke Philips N.V. (Philips AVENT), Ameda, Inc., Bailey Medical
Engineering, Hygeia Health, Whittlestone Inc., Linco Baby Merchandise Works Co.
Ltd., Pigeon Corporation, Energizer Holdings Inc., and Albert Manufacturing
USA.
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