Breast Pumps Market 2017 - Industry Growth, Analysis, and Forecast To 2022
According to the latest report published by Credence
Research, Inc. “Breast Pumps:
Market Growth, Future Prospects and Competitive Analysis, 2016-2022,”
the global breast pumps market was
valued at USD 1,361.2 Mn in 2015, and is expected to reach USD 2,236.3 Mn by
2022, expanding at a CAGR of 7.2% from 2016 to 2022.
Market Insights
Breast pumps are medically approved mechanical devices
that facilitate extraction of breast milk. Breast pumps could be employed in
conditions where the nursing mother is separated from the child for the feeding
period, and/or medical conditions such as inverted or flat nipples, breast
engorgements, and premature birth; these products are also an option for
avoiding use of milk substitutes. This market is currently undergoing
continuous product innovation and their preference is often supported by
Ob/GYNs and pediatrics.
Browse the full report Breast Pumps: Market Growth, Future
Prospects and Competitive Analysis, 2016-2022 at http://www.credenceresearch.com/report/breast-pumps-market
Manual breast pumps are to be operated with no electronic
support and are not of potential assistance in frequent breastfeeding. Electric
device options are being increasingly preferred over manual products.
Portability, motorized operations, custom suction pressures, and ease of use
are some of the factors that determine the demand for these products. Among the
product variants, double electric breast pumps segment will register the
fastest market growth during the forecast period. However, manual pumps will be
the largest segment in terms of sales volume. Based on technologies, closed
system breast pumps have a larger revenue share than open system breast pumps
due to better hygiene and lesser risk of microbial infestation offered through
the use of these devices.
The global breast pumps market is concentrated in nature
with a three players taking over 55% market share in 2015. Product pricing
plays a crucial role in the overall competitiveness of this market. Some of the
notable players in the global breast pumps market are Ameda, Pigeon
Corporation, Medela, Bailey Medical Engineering, Philips AVENT, Hygeia Medical
Group and others.
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