Breast Pumps Market Analysis By Technology (Manual, Battery-Powered, Electric Pump) To 2020: Radiant Insights Inc.
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.
To request a sample copy, click the link below: http://www.radiantinsights.com/research/breast-pumps-market-analysis-by-product-open-system-closed-system-by-technology-manual-battery-powered-electric-pump-by-application-personal-use-hospital-grade-and-segment-forecasts-to-2020
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.
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.
· 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).
See More Reports of This Category by Radiant Insights: www.radiantinsights.com/catalog/medical-devices
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
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For more information, Visit: http://www.radiantinsights.com/
Source URL: http://www.grandviewresearch.com/
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Blog: http://www.radiantinsightsinc.blogspot.com/
To request a sample copy, click the link below: http://www.radiantinsights.com/research/breast-pumps-market-analysis-by-product-open-system-closed-system-by-technology-manual-battery-powered-electric-pump-by-application-personal-use-hospital-grade-and-segment-forecasts-to-2020
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.
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.
· 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).
See More Reports of This Category by Radiant Insights: www.radiantinsights.com/catalog/medical-devices
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
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For more information, Visit: http://www.radiantinsights.com/
Source URL: http://www.grandviewresearch.com/
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Blog: http://www.radiantinsightsinc.blogspot.com/