Global Breast Pump Market to Exhibit 10.16% CAGR During Period 2016-2020


Posted July 8, 2016 by MarketResearchHub

Global Breast Pump Market to Exhibit 10.16% CAGR 2016-2020 Driven by Increasing Number of Nuclear Families
 
ALBANY, New York, July, 8, 2016 – Today, a growing number of companies are engaged in manufacturing mother-friendly breast pumps by using softer silicone parts. This will be the defining feature of the global breast pump market in the coming years, says a new report that has been added to the repository of Market Research Hub.

For instance, Mamava, the U.S. based startup, recently introduced lactation suites, where females can pump privately. Mamava has installed these suites in airports, hospitals, colleges, zoos, and malls around the U.S. Likewise, Swiss company Medela, developed an app that assists mothers in breastfeeding and enables parents to track the activities of babies.

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Such efforts taken by leading companies and the startups are expected to drive the global breast pump market, says the MRH report. The report, titled ‘[b]Global Breast Pump Market 2016-2020[/b],’ states that the market is expected to exhibit a 10.16% CAGR from 2016 to 2020. Factors such as the rising number of nuclear families, technological advancements in medical devices, and the entry of new entrants are responsible for the growth of the global breast pump market, predict the analysts.

The 60-page research on the global breast pump market gives an overview of the changing trends in the market and lists the leading players operating across various regions.

The global breast pump market is spread across Europe, Asia Pacific, the Americas, and the Middle East and Africa. Ameda, Hygeia Medical, Lansinoh, Medela, Philips Avent, Bailey Medical Engineering, Chicco, Evenflo Feeding, Freemie (Dao Health), Handi-Craft, Linco Baby, Merchandise Works, MAM, Mayborn, and Nuby are some of the prominent players operating in the global market for breast pumps. The introduction of new breast pumps by the new entrants will make the market highly competitive yet opportunistic, predict the report’s authors.

For a detailed study, analysts have segmented the global breast pump market on the basis of technology, region, and product type. Based on product type, the global breast pump market is classified into closed system breast pump and open system breast pump. Currently, manual breast pumps, electric breast pumps, and battery-operated breast pumps are increasingly being used across the globe.

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Considering the growing demand, leading manufacturers are focusing on introducing customized breast pumps to match the changing trends. The rising number of nuclear families still remains the most important factor driving the global breast pump market. Going forward, the increasing investments by leading players in research and development activities to manufacture new varieties of breast pumps will further benefit the market. Alternatives to breast milk will, however, be the biggest challenge, which key companies will have to face.

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Last Updated July 8, 2016