Press release
Global Breast Pumps Market to Reach US$2.6 bn by 2020, Rising Awareness Regarding Benefits of Breastfeeding to Drive Growth
Browse the full Breast Pumps Market (Manual, Single, Double Electric and Hospital Grade Breast Pumps) - Global Industry Analysis, Size, Volume, Share, Growth, Trends and Forecast 2014 - 2022 report at http://www.transparencymarketresearch.com/breast-pumps-market.html
According to the research report, the increasing preference for breastfeeding, coupled with the increasing availability of highly advanced medical and healthcare facilities, has propelled the global breast pump market significantly in the recent times. In addition to this, analysts at TMR project the favorable reimbursement scenario to boost the demand for breast pumps in the coming years.
The report analyzes the worldwide breast pumps market on the basis of product and the regional spread of this market. By product, the market has been segmented into manual pumps, hospital-grade pumps, single electric pumps, and double electric pumps.
The single electric breast pumps segment led the global market in 2013. The cost efficiency of single electric breast pumps is considered as the major factor behind the growth of this segment. However, the double electric breast pumps segment is expected to post the fastest growth during the forecast period. Apart from this, the demand for manual breast pumps is also projected to register remarkable growth in the coming years driven by their easy handling, states the research study.
Regionally, the report segments the global breast pumps market into North America, Asia Pacific, Europe, and the Rest of the World. North America dominated the worldwide market in terms of both volume and revenue in 2013. The rising preference for breastfeeding among people in this region has propelled the North America breast pumps market substantially over the past few years. Analysts at TMR expect this trend to continue in the coming years, owing to which North America is expected to maintain its leading position during the forecast period, notes the study.
The breast pumps market in Asia Pacific, Europe, and the Rest of the World has also been anticipated to exhibit healthy growth in the near future, owing to the growing awareness pertaining to the benefits of breastfeeding, states the report.
The report also evaluates the competitive landscape of the global breast pumps market by analyzing the company profiles of major market participants. According to the report, the worldwide market for breast pumps is oligopolistic in nature, with the top three players collectively occupying more than 75% of the overall market.
NUK USA LLC, Hygeia Medical Group II, Ameda AG, Mayborn Group Ltd., ARDO Medical AG, Pigeon Corp., Lansinoh Laboratories Inc., Whittlestone Inc., Medela AG, Bailey Medical Engineering, and Royal Philips Electronics NV are some of the key breast pump manufacturers mention in this report.
The global breast pumps market is segmented into:
By Product
Manual Pumps
Single Electric Breast Pumps
Double Electric Breast Pumps
Hospital Grade Breast Pumps
By Region
North America
Europe
Asia Pacific
Rest of the World
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About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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