Breast Pump Market Size Is Estimated To Reach $1.2 Billion By 2020: Grand View Research, Inc.
The
global Breast Pump Market is expected to reach USD 1.20 billion by 2020,
according to a new report by Grand View Research, Inc. Increasing awareness
about breast feeding and the need to supply mother’s milk for a period 6 months
to 1 year after child birth is a key driver for the market growth. Growing
global population and rising birth rates in emerging and underdeveloped
economies with large untapped opportunities are clear indicators of a
constantly widening consumer base for breast pumps over forecast period.
Working
women, who are lactating mothers, are under stress due to the fact that they
need to return to work place within weeks after the child’s delivery, and at
the same time they also need to ensure that the child is breast fed to grow as
a healthy child. These breast pumps which enable mother’s to retrieve and store
the breast milk are an ideal solution, as they can manage their both
professional and personal life. Furthermore, these breast pumps also address
the needs of lactating women in hospitals, home care and other lactating
centers.
Additionally,
various government initiatives to promote breast feeding and improve the
healthcare outcomes are expected drive market growth. In the U.S., the
Affordable Care Act has certain provisions which provide reimbursement for
acquiring a breast pump and also covers the consultation charges.
North America Breast Pump Market by product, 2012-2020, (USD Million) |
On
the basis of product, the market is segmented as open system and closed system.
In 2013 closed breast pump system held the maximum share of nearly 82%. The
closed devices are highly utilized as these devices provide better safety to
the child, eliminate impurities and prevent the milk contamination.
The
market is segmented on the basis of technology as, battery powered breast pump
electric breast pump and manual breast pump. The battery powered breast pumps
accounted for the maximum share of more than 55% in 2013. The battery powered
breast pumps are highly preferred by women who extract milk several times a day
and store it for a longer duration.
Browse full
research report on Breast Pump Market: https://www.grandviewresearch.com/industry-analysis/breast-pumps-market
Further key findings from the report suggest:
- In 2013, North America was the largest market
with more than 63% share in global Breast Pump Market. Key reasons
attributed are high awareness levels, large women working population and
strong encouragement from various stake holders to increase the breast
feeding coverage and improve the pediatric healthcare.
- However, Asia Pacific is expected to be the
fastest growing market owing to high economic development, rising
disposable incomes and high unmet needs. The developing countries of Asia
Pacific region are expected to increase the public and private healthcare
expenditure, and also implement various UNICEF and WHO programmes for
breast feeding thus boosting market growth.
- Key market players include, Buettner-Frank GmbH
Ltd., Energizer Holdings Inc., Ameda Breastfeeding Solutions, Whittlestone
Inc., Linco Baby Merchandise Work's Co.Ltd, Medela,Inc., Bailey Guangzhou
Happy Baby Products Medical Engineering, Philips AVENT, Hygeia Medical
Group II, and Lansinoh Laboratories, Inc. Furthermore, entry of new players
with technologically advanced products is expected to propel usage rates
over the forecast period.
Browse more
reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the Breast Pump Market on the basis of
application, and region:
Global
Breast Pumps Product Outlook (Market Revenue in USD Million, 2012 - 2022)
- Open System
- Closed
System
Global
Breast Pumps Technology Outlook (Market Revenue in USD Million, 2012 - 2022)
- Battery-powered
Breast Pumps
- Electrical
Breast Pumps
- Manual
Breast Pumps
Global
Breast Pumps Application Outlook (Market Revenue in USD Million, 2012 - 2022)
- Personal
Use
- Hospital
Grade
Breast
Pumps Regional Outlook (Revenue, USD Million, 2014 – 2022)
- North
America
- Europe
- Asia
Pacific
- RoW
Access
Press Release By Grand View Research: https://www.grandviewresearch.com/press-release/global-breast-pumps
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, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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