Global Breast Pumps Market Expected To Reach $ 2.24 Billion By 2021 With A CAGR Of 7.61%

Date: 2017-06-26

A breast pump is a mechanical device that extracts milk from the breasts of a lactating woman. Breast pumps may be manual devices powered by hand or foot movements or electrical devices powered by batteries or electricity from the grid.

The global Breast Pumps market was estimated at USD$ 1.44 Billion in 2016, and is anticipated to reach USD$ 2.24 Billion by 2021, expanding at a CAGR of 7.61% between 2017 and 2021. Increasing technological advancements in medical devices; rising number of new born across the globe; increasing women employment; increasing healthcare expenditure are the major driving factors for breast pump market. Breastfeeding difficulties such as engorgement, poor attachment, breast refusal, nipple soreness etc are the other driving factors for breast pump market.

The Global Breast Pumps Market is segmented by product type and technology. The product type is further segmented into closed and open systems. Close System breast pumps have high adoption rate as they are more hygienic and free from microorganisms – since the milk does not come into direct contact with air, there is a low probability of microorganisms being present in these pumps. Under technology segmentation it covers battery-powered pumps, manual pumps and electric pumps. Battery-powered pumps lead the market due to the rising need for women to extract milk several times a day.

North America has the largest market share in the regional market while Asia Pacific is the fastest growing market. North America will dominate this market till 2021 due to the rising rate of female employment, increase in healthcare expenditure, sophisticated healthcare infrastructure and growing awareness about breast feeding amongst patients such as lactating women. Asia-Pacific market will continue to grow at faster rate due to unmet medical needs, consistent improvement of healthcare infrastructure and the growing population in developing countries such as China and India.
 
Read Full Report: 
http://www.gosreports.com/global-breast-pumps-industry-2015-market-research-report/ 

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 1-510-400-8520
Web: www.gosreports.com
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