The global market for breast pumps is expected to reach USD 1,197.7
million by 2020, growing at an estimated CAGR of 7.6% from 2014 to 2020.
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.
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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.
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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).
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
o
Open
system
o
Closed
system
·
Breast
PumpTechnology Outlook
o
Manual
Pumps
o
Battery-powered
pumps
o
Electric
pumps
·
Breast
Pump Regional Outlook
o
North
America
o
Europe
o
Asia
Pacific
o
RoW
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