Breast Pump Market size expected to grow at a CAGR of over 8.5% during 2016-2024

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Breast Pump Market size expected to grow at a
CAGR of over 8.5 from 2016 to 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Global Breast Pump Market

• North America dominated the global space, led by
  U.S. breast pumps market, followed by Europe,
  Asia Pacific, Middle East Africa and Japan.
• Demand in North America will be driven by a large
  working women population, breast feeding
  initiatives and reimbursement provided on
  purchase of such devices. 
• The provision in U.S Affordable Care Act requires
  insurance companies to cover the cost of renting
  or purchasing breast pumps along with cost of
  visits to lactation consultants.
• Europe breast pump market share is expected to
  manifest a healthy growth owing to the good
  economic development, government initiatives to
  provide tax concessions on breast pumps purchase
  and growing awareness regarding benefits of
  breastfeeding.

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Application Analysis of Global Breast Pump
Market

• Based on application, market is categorized into
  hospital grade and personal use breast pumps.
• Personal use breast pumps is a single user system
  that comes in small size.
• Hospital grade pumps dominated the market due to
  its use by a number of people visiting hospital
  on daily basis. The market is expected to witness
  continuous product innovation and its growth will
  be supported by obstetrics and pediatrics.
• Breast pump market technologies include
  single-electric, manual, double-electric, and
  battery powered.
• Battery-powered breast pumps market share was
  responsible for over 50 global revenue in 2015.

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Competitive Market Share of Global Breast Pump
Market

• The industry is dominated by few players holding
  majority breast pump market share.
• Product pricing plays a significant role in the
  overall market competitiveness.
• Major players in the breast pumps market are
  Bailey Medical Engineering, Mayborn Group Ltd.,
  Ameda AG, Hygeia Medical Group II, NUK USA LLC,
  Lansinoh Laboratories Inc., Royal Philips
  Electronics NV, Pigeon Corp., MedelaAG, ARDO
  Medical AG, and Whittlestone Inc.

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