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Breast Pump Market Regional Outlook, Key Players, Industry Forecast to 2013-2023
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The breast pump market size is expected to grow significantly during the forecast period. Increase in the global population with gradual rise in birth rate, the rising healthcare awareness with respect to breastfeeding, the rapid growth of woman workforce over the years with limited maternity leaves. The other drivers expected to support the growth of breast pump market during the forecast period are the technological advancement to incorporate user friendly technologies, and favorable reimbursement policies associated with medical devices and insurance policies that cover equipment and services related to breast pumps for feeding.
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North America held the largest share in the breast pump market, followed by Europe. North America is expected to witness the prominent share during the forecast period due to the larger population of working woman, rising awareness about the advantages of breast feeding, and favorable reimbursement policies. Asia-Pacific is expected to witness the fastest growth during the forecast period with the growth centered at China, Japan, and India. This is attributed to the inclination of these countries towards healthcare industry. Also, the rise in birth rate and the growing woman workforce in these countries will lead the breast pump market.
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The key players in the market include Koninklijke Philips N.V, Pigeon Corporation, Jarden Corporation, Goodbaby International Holdings Ltd., Medela Inc., Ameda Inc., Hygeia Medical Group II, Bailey Medical, Handi-Craft Company, Mayborn Group Limited, Linco Baby Merchandise Works Co., Ltd., Whittlestone Inc., Lansinoh Laboratories, Inc., Energizer Personal Care., Guangzhou Happy Baby Products Ltd.
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