Global Breast Pumps Market to grow at 7.7% CAGR from 2016 to 2024 - PowerPoint PPT Presentation

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Global Breast Pumps Market to grow at 7.7% CAGR from 2016 to 2024

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Get more details @ 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. – PowerPoint PPT presentation

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Title: Global Breast Pumps Market to grow at 7.7% CAGR from 2016 to 2024


1
Germany Breast Pumps Market to grow at 9.6 from
2016 to 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Breast Pumps Market
  • The global breast pump market is expected to
    achieve high growth as companies are actively
    investing in various strategies to create
    discrete valuable schemes and proposals for
    varied consumer segments offering innovative and
    cost-effective treatment for breastfeeding.
  • Today, most of the women have balanced work
    life priorities and this will produce a favorable
    impact on the breast pump industry dynamics.
    Moreover, exponentially increasing birth rates
    coupled with rising awareness regarding breast
    feeding will further propel the breast pump
    demand, thereby driving the industry trends.
  • Rapid economic development along with the rising
    working female population will generate lucrative
    avenues for the breast pump business over the
    coming years.

3
Continued...
  • The global breast pump industry is analyzed with
    different perspectives comprising of product
    type, technology used, major application base,
    and geography.
  • Based on mode of operation and technology the
    breast pump industry is segmented into four main
    types namely manual, battery powered, and
    electric.
  • The battery powered breast pump market is
    estimated to surpass USD 816 million by 2024.
    Moreover, electric breast pump market is another
    lucrative industry to attain a CAGR of 10.6 over
    the period of 2016-2024.
  • Electric pumps have an advantage of higher
    efficiency and user friendly technology which
    generates a greater demand for this technology.
    Cost efficiency is another major factor behind
    the growth in this segment.
  • Breast pumps witness a wide set of applications
    in the personal use and hospital grade sector.

4
Continued...
  • The hospital grade pumps are set to witness heavy
    gains with target market size slated to surpass
    USD 520 million by 2024.
  • Geographically, North America breast pump market
    is projected to exhibit healthy growth over the
    coming seven years. U.S. breast pump industry,
    worth USD 405 million in 2015, is projected to
    grow at an annual rate of 4.9 over the period of
    2016-2024.
  • Asia pacific breast pump industry is anticipated
    to witness escalating gains over the coming
    years. The growth is attributed to rising women
    employment rate, increasing awareness levels,
    increasing birth rates, and increasing disposable
    income.
  • Breast pump industry is highly concentrated and
    is dominated by few notable players including
    Philips, Hygeia Medical Group, Whittlestone,
    Ameda Breastfeeding Solutions, Medela, Bailey
    Medical, and Energizer Personal Care.

5
U.S. Breast Pumps Market Size, by Technology,
2012- 2024 (USD Mn)
6

Browse Full Market Research Report On Breast
Pumps Market _at_ http//bit.ly/2gXoVm5
Request for a Sample of this Research
Report _at_ https//www.gminsights.com/request-sample
/detail/729
7
Stay In Touch Website www.gminsights.com Soci
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