The Global Breast Pumps Market Size, by Product Type (Open-system and Closed-system), by Technology (Manual, Single Electric, and Double Electric), by End User (Hospital & Clinics, Homecare Settings, Maternity Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), was valued at US$ 696.4 Mn in 2018 and is expected to exhibit a CAGR of 5.9% over the forecast period (2020–2027). The demand for electronic breast pumps is gaining high traction due to its adjustable suction level which makes it easy to use. In emerging economies, use of breast pumps on rental basis is gaining popularity, as it is a cost-effective option for working women. A battery-powered pump further increases the convenience for women on-the-go who cannot find an electrical source for operating an electric pump. However, in emerging economies such as India there is higher preference for cost effective manual pumps. This scenario is changing rapidly owing to higher disposable income in these regions.
Get Sample Report with Latest Insights @ https://www.coherentmarketinsights.com/insight/request-sample/81
Browse 26 Market Data Tables and 29 Figures spread through 150 Pages and in-depth TOC on Global Breast Pumps Market, by Product Type (Open-system and Closed-system), by Technology (Manual, Single Electric, and Double Electric), by End User (Hospital & Clinics, Homecare Settings, Maternity Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Global Forecast to 2027
Closed breast pump systems are more secure and safer which is likely to facilitate its demand in the global breast pumps market. Moreover, closed breast pumps can be used multiple times and for longer periods compared to open breast pumps, which makes the former a more cost-effective option. To enhance the comfort and convenience in producing milk, Naya Health, Inc. introduced a smart breast pump in December 2016. This smart breast pump is based on water pumping technology, and connects the pump to the Naya Health Tracker app, which helps the mother control the machine and track the amount of milk expressed and consumed by the baby, thereby effectively managing nursing sessions. The first smart breast pump launched by Medela AG in November 2016 aimed at providing nursing mothers with access to expert tips and clinically proven support. According to the U.S. Department of Labor (DOL), around 57% of women were part of the active workforce in the U.S. in 2015. The DOL projects that by 2024, women in the age group of 25 to 34 years would constitute major share of employed women in the U.S. These factors are projected to drive the U.S. breast pumps market growth over the forecast period. According to the Australian Bureau of Statistics, women constituted 46.2% of the total workforce in Australia as of August 2016. According to the 2015 report from International Monetary Fund, gender gap in workforce is highest (51 percentage points) in the Middle East and North Africa. Societal factors in certain emerging economies such as India, Pakistan, and Nepal play a major role in the lower percentage of women in the workforce in these countries. Moreover, awareness level about breast pumps in these regions is relatively low. These are the major factors restraining the Asia Pacific breast pumps market growth.
Purchase This Premium Report Here To Access Full Information @ https://www.coherentmarketinsights.com/insight/buy-now/81
Key Takeaways of the Global Breast Pumps Market:
- The global breast pumps market is expected to exhibit a CAGR of 5.9% over the forecast period (2020 – 2027) owing to increasing product launches and approvals, and a robust pipeline of novel breast pumps
- Among product type, the closed-system segment is expected to witness significant growth owing to low risk of infection and possibility of repetitive use with longer life-span of closed-system pumps.
- Among technology, the single electric segment is expected to witness significant growth owing to factors such as ease and convenience in expressing breast milk and reimbursement by insurance companies, especially in the U.S.
- Major players operating in the global breast pumps market include Medela AG, Ameda Breastfeeding Solutions, Philips AVENT, Lansinoh Laboratories, Inc., Hygeia Medical Group, Whittlestone Inc., Bailey Medical, Energizer Personal Care, LLC (Playtex Baby), Jarden Corporation, and Mayborn Group Limited.
Get PDF Brochure with Latest Insights @ https://www.coherentmarketinsights.com/insight/request-pdf/81
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: [email protected]
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837