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

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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
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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.

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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.

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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.

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