Breast Pumps Market Size Share, Growth, Opportunities & Competitive Analysis and Forecast To 2022 – by Credence Research
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.
Browse the full report Breast
Pumps: Market Growth, Future Prospects and Competitive Analysis, 2016-2022 at http://www.credenceresearch.com/report/breast-pumps-market
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.
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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