Breast Pumps Market Revenue Opportunities By Leading Key Vendors Operating Globally: Medela AG, Ameda Breastfeeding Solutions, Philips AVENT, Lansinoh Laboratories, Inc. and Hygeia Medical Group

Breast pumps are a boon for working women who cannot constantly nurse their babies due to work commitments. Commercially available types of breast pumps are manual, battery-powered, and electric breast pumps. Inclusion of these devices within the reimbursement purview in the U.S. is boosting demand for electric breast pumps. Demand for breast pumps significantly varies across regions, owing to difference in economic condition and culture and societal beliefs.

The global breast pumps market was valued at US$ 606.6 million in 2015 and is projected to expand at a moderate CAGR of 4.8% during the forecast period (2016 – 2024).

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Technologically advanced breast pumps to replace manually operated breast pumps
In November 2016, Medela AG launched Sonata—a smart breast pump connected to a mobile app MyMedela. This system aids mothers to track baby’s activities, get access to expert tips, get real-time notifications, and track specific preset goals. In December 2016, Naya Health, Inc. launched Naya pump based on water-based technology. The device connects to the Naya Health Tracker app and helps mothers control the machine and track the amount of milk expressed and consumed by the baby. Such innovative technologies are expected to significantly inhibit demand for manually operated breast pumps, as it offers ease and convenience in managing nursing sessions.

Breast Pumps Market: Leading Key Players operating globally:
Medela AG and Naya Health Inc. are among the leading players in the global breast pumps market. Major players constantly work towards introducing innovate products and focus on geographical diversification in order to further strengthen their position in the market.

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Key takeaways of the market:
• The global breast pumps market is expected to expand at a CAGR of 4.8% during the forecast period (2016 – 2024). Factors attributable to market growth include increasing number of women in the workforce, growing disposable income, and favorable reimbursement policies.
• Demand for closed-system is significantly high owing to low risk of infection and possibility of repeated use with longer life-span as compared to the open-system
• The total market for manual pumps was valued at US$ 340.6 mn in 2015. Demand for manual breast pumps is high among low income groups, mainly due to low insurance coverage.
• Single-electric breast pumps segment is projected to witness growth higher than that of the overall market, at a CAGR of 5.9% during the forecast period. Factors attributable to the positive growth of this segment includes ease and convenience in expressing breast milk and reimbursement by insurance companies, especially in the U.S.
• Medela AG and Naya Health Inc. are among the leading players in the global breast pumps market. Major players constantly work towards introducing innovate products and focus on geographical diversification in order to further strengthen their position in the market.

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