Breast Pump Market Update, Analysis, Forecast, 2016 – 2024

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Breast Pump Market Size, Share, Research Report
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Breast Pump Market

• Global breast pumps market is slated to grow from
  close to USD 850 million in 2015, at more than 7
  CAGR.
• Battery powered segment was over USD 460 million
  in 2015 and is anticipated to be worth over USD
  816 million by 2024, owing to its ease of use and
  portability.
• Electric breast pumps market size will manifest
  robust growth of above 10 from 2016 to 2024.
• Germany and UK collectively accounted for over
  50 of Europe breast pumps market share in 2015.
  Increasing female employment rate, improving
  awareness levels and rising disposable income
  should drive regional breast pumps market growth.

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Continued...

• Japan breast pumps market size was valued at over
  USD 40 million in 2015, with rapidly growing
  population, rising women employment rate and
  demographics being demand stimulants.
• Brazil breast pump market share was over 47 of
  the LATAM revenue in 2015, with expectations to
  surpass USD 14 million by 2024. Improving
  healthcare infrastructure, favorable economic
  environment and adoption of technologically
  advanced breast pumps should spur breast pumps
  market growth.
• The threat of new entrants in the breast pumps
  market is likely to be higher during forecast
  period due to presence of relatively less
  stringent regulatory and product approval
  environment.
• The key industry players include Ameda
  Breastfeeding Solutions, Philips, Medela, Bailey
  Medical, Hygeia Medical Group, Energizer Personal
  Care, and Whittlestone.

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U.S. Breast Pumps Market Size, by Technology,
2012- 2024 (USD Mn)

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360 Analysis

• Product Trends
• Closed system attributed for over 85 of breast
  pump market share with target market size slated
  to reach USD 1,506 million by 2024, owing to high
  usage rates associated with their improved
  hygiene. Battery powered breast pump market share
  held over 54 of overall revenue, slated to
  exceed USD 816 million by 2024, while electric
  pumps will manifest lucrative 10.6 growth over
  the forecast period owing to higher efficacy in
  terms of comfort and user friendliness technology
  exhibited by these products.
• Regional Trends
• U.S. breast pump market size was valued at over
  USD 405 million in 2015 and growing at 4.9 from
  2016 to 2024. Rising women employment rate,
  growing healthcare expenditure and increasing
  patient awareness should contribute towards
  business growth.
• Competitive Market Share
• Global breast pump market analysis reveals an
  oligopolistic nature and domination by few giant
  players such as Medela, Philips and Ameda
  Breastfeeding Solutions collectively accounting
  for over 75 of industry revenue in 2015. A large
  number of small local players supply breast pumps
  via a crude network of distributors, and thus,
  their collective contribution to the global
  breast pumps market is relatively low.

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