Breast Pumps Market is Expected to Reach $829 Million by 2022 with Medela AG, Ameda, Inc., Koninklijke Philips N.V. (Philips AVENT), Hygeia Health, Bailey Medical Engineering, Linco Baby Merchandise Works Co. Ltd., Whittlestone Inc., Energizer Holdings In

Breast Pumps Market report, published by Allied Market Research, forecasts that the global market is Projected to reach $829 million by 2022 from $540 million in 2015, growing at a CAGR of 6.6% during 2016-2022. In terms of value, the battery powered breast pumps segment accounted for over two-thirds share globally, in 2015 and is expected to maintain its dominance during the forecast period. In terms of volume, manual breast pumps segment accounted for one-fourth share in 2015.

The major factors boosting the growth of breast pumps market are increasing working women population, rise in disposable income and growing awareness about importance of breastfeeding. In terms of revenue, closed system breast pumps segment accounted for major share in the world breast pumps market in 2015, and is projected to maintain this trend throughout the forecast period, growing at a faster CAGR of over 6%.

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Breast Pumps Market Key Findings:
• Closed system breast pumps is projected to be the fastest growing segment in terms of both value and volume, growing at a CAGR of over 6.5% and 7% respectively during the analysis period.

• Asia-Pacific is estimated to be the fastest growing regional market in breast pumps market, growing at a CAGR of 9.7%, in terms of value, from 2016 to 2022.

• In 2015, North America accounted for around three-fifths share of the world breast pumps market in terms of value.

• Hospital grade breast pumps would be the highest revenue generating segment followed by personal use breast pump during 2016-2022.

• In 2015, battery powered breast pumps was the leading segment and is projected to grow faster than global breast pump market at CAGR of over 6.4%, in terms of value.

• Mexico is projected to be the fastest growing market in the North American region,
• China and Japan are the leading country markets for breast pumps in the Asia-Pacific region.

Geographically, North America is the major regional market in 2015, owing to the widespread adoption of breast pump techniques. However, Asia-Pacific is expected to grow rapidly, owing to highly unmet medical needs, increasing disposable income of the population and increasing awareness about breastfeeding. In terms of value, Europe accounted for approximately one-fifth share of the overall market in 2015; mainly attributed to large number of women using breast pumps and is expected to grow at a CAGR of 5%.

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Major key players involve :
• Medela AG
• Ameda
• Koninklijke Philips N.V. (Philips AVENT)
• Hygeia Health
• Bailey Medical Engineering
• Linco Baby Merchandise Works Co. Ltd.
• Whittlestone Inc.
• Energizer Holdings Inc.
•Pigeon Corporation
• Albert Manufacturing USA.

Table of content:

Chapter: 1 INTRODUCTION

1.1 Report description
1.2 Key benefits for stakeholders
1.3 Key market segments
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1 CXO perspective

Chapter: 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key Findings

3.2.1 Top Investment Pockets
3.2.2 Top Winning Strategies

3.3 Porters Five Forces Analysis

3.3.1 Bargaining power of buyers
3.3.2 Bargaining power of suppliers
3.3.3 Threat of substitutes
3.3.4 Threat of new entrants
3.3.5 Competitive rivalry

3.4 Government Regulations
3.5 Market share analysis, by key players, 2015 (%)
3.6 Market dynamics

3.6.1 Drivers

3.6.1.1 Growing population and disposable incomes
3.6.1.2 Favorable reimbursement scenario
3.6.1.3 Rising awareness and availability of advanced medical technology

3.6.2 Restraints

3.6.2.1 Pricing of devices
3.6.2.2 Risk of contamination

3.6.3 Opportunities

3.6.3.1 Tapping emerging markets with high unmet medical needs

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