Global Breast Pumps Market To Reach US$ 3 Billion By 2022 - Erie News Now | WICU & WSEE in Erie, PA

Global Breast Pumps Market To Reach US$ 3 Billion By 2022

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The global breast pumps market is expected to exceed US$ 3 billion by 2022, registering a compound annual growth rate (CAGR) of more than 8.5% during the forecast period. The growing population and disposable incomes, favorable reimbursement scenario, and increasing awareness and availability of advanced medical technology are expected to drive the market. However, pricing of devices and risk of contamination associated with used pumps are hampering the growth of the market.

In this report, the global breast pumps market is segmented by product, technology, and region. On the basis ofproduct, the market is segmented into closed system and open system. Close system breast pumps have high adoption rate as they are more hygienic and free from microorganisms.The market by technology includes battery-powered pumps, manual pumps, and electric pumps. Battery-powered pumps lead the market due to the rising need for women to extract milk several times a day.

The global breast pumps market is segmented on the basis of key regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the largest market share whereas Asia Pacific is the fastest-growing market. North America will dominate the market due to the rising rate of female employment, increase in healthcare expenditure, sophisticated healthcare infrastructure, and growing awareness about breastfeeding among lactating women. The Asia Pacific market will continue to grow at a faster rate due to consistent improvement of healthcare infrastructure and the growing population in developing countries such as China and India.Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, and Brazil. The report includes a detailed study of the global and regional breast pumps market and analyzes the variations in the growth of the industry in certain regions.

Albert International, Inc., Ameda Breastfeeding Solutions, Whittlestone Inc, Bailey Medical, Lansinoh Laboratories Inc, LLC, Energizer Personal Care, Philips AVENT Medela Inc., and Hygeia Medical Group are the most active players in the breast pumps market. The key strategies adopted by these players were technological advancement and collaborations.

A glimpse of the report structure is provided in the report description available on the website.

https://www.marketresearchengine.com/reportdetails/breast-pumps-market

This report identifies key growth segments and opportunities in the industry. In addition, it covers a detailed competitive outlook including the share and company profiles of the key players in the global breast pumps market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.

 

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Company Name: Market Research Engine

Contact Person: John Bay

Email: john@marketresearchengine.com

Phone: +1-855-984-1862

Country: United States

Website: https://www.marketresearchengine.com/

 

Source: http://www.financeswire.com/global-breast-pumps-market-to-reach-us-3-billion-by-2022

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