Breast Pump Market size was valued over USD 750 million in 2015, and is expected to grow at a CAGR of over 8.5% during 2016-2024.
Rising global population coupled with increasing labor force participation of women across the globe and growing pressure on women to return to work immediately after the child birth will drive global breast pump market. Breast milk contains nutrition and has immunological benefits to the child and feeding strengthens the bond between mother and child.
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Increased awareness about breast feeding and legal requirement by some countries such as UAE, to feed baby with mother’s milk for a period of 6 months to 2 years will be the key drivers for market growth.
North America dominated the global space, led by U.S. breast pumps market, followed by Europe, Asia Pacific, Middle East & Africa and Japan. Demand in North America will be driven by a large working women population, breast feeding initiatives and reimbursement provided on purchase of such devices. The provision in U.S Affordable Care Act requires insurance companies to cover the cost of renting or purchasing breast pumps along with cost of visits to lactation consultants. These benefits provided to lactating mothers will improve the usage rates of breast pumps during the forecast period.
Europe breast pump market share is expected to manifest a healthy growth owing to the good economic development, government initiatives to provide tax concessions on breast pumps purchase and growing awareness regarding benefits of breastfeeding. Increased adoption of medically advanced products and raising funds to support UNICEF and WHO breast feeding programs by emerging markets such as China, India and Brazil will accelerate the regional market growth.
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The industry is dominated by few players holding majority breast pump market share. Product pricing plays a significant role in the overall market competitiveness. Major players in the breast pumps market are Bailey Medical Engineering, Mayborn Group Ltd., Ameda AG, Hygeia Medical Group II, NUK USA LLC, Lansinoh Laboratories Inc., Royal Philips Electronics NV, Pigeon Corp., MedelaAG, ARDO Medical AG, and Whittlestone Inc.
This latest Breast Pump Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Breast Pump Industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report, “Breast Pump Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
Key Insights in this Report
- Breast Pump Market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Breast Pump Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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