March 29, 2020

Breast Pump Market: Global Market to Hit USD 2,236.3 Mn by 2022

The global breast pump 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.

Market Insights 

Breast pumps are medically approved mechanical devices which facilitate the extraction of breast milk. Breast pumps may be used under conditions where the nursing mother is separated from the child during the feeding period and/or under medical conditions such as inverted or flat nipples, breast engorgement and premature birth; these products may also be used to prevent the use of milk substitutes. This market is currently undergoing continuous product innovation, and Ob / GYNs and pediatricians often support their preferences.

Browse the full report Breast Pumps Market Growth, Future Prospects and Competitive Analysis, 2016-2022 at https://www.credenceresearch.com/report/breast-pumps-market

Manual breast pumps are to be operated without electronic support and are not of potential assistance for frequent breastfeeding. Electric device options are increasingly preferred over manual products. Portability, motorized operation, custom suction pressures and ease of use are some of the factors that determine demand for these products. Among the product variants, the fastest market growth will be recorded in the double electric breast pump segment during the forecast period. Manual pumps will, however, be the largest segment in terms of sales volume. Technology-based, closed-system breast pumps have a higher revenue share than open-system breast pumps due to better hygiene and a lower 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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