Breast Pumps Market Is Projected To Be Around $1.42 Billion By 2022
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A research study titled, “Breast Pump Market by Product, Technology and Application - Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that The Breast Pumps Market Is Projected To Be Around $1.42 Billion By 2022.
The global Breast Pumps Market was worth USD 0.66 billion in the year 2012 and is expected to reach approximately USD 1.42 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 7.18% during the forecast period. A breast pump is a mechanical gadget that is utilized to extract milk from the breasts of a lactating lady. Breast pumps may be manual gadgets that are powered by the movements of hand or foot or electrical gadgets controlled by batteries or power from the network. Mechanically, a breast pump is similar to a milking machine utilized as a part of business dairy manufacturing. A misguided judgment is that the breast pump suctions milk out of the breast. A breast pump's activity is to trigger the response of milk ejection or letdown. Pumps accomplish this by utilizing suction to maneuver the nipple into the passage of the breast shield or spine, then discharge, which considers one cycle. Thirty to sixty cycles for every moment can be normal with enhanced quality electric breast pumps. The breast pump isn't as proficient at expelling milk from the breast as most nursing babies. Most producers have different sizes of nipple tunnels accessible. These passages go in measure from 24mm to 36mm.
The global breast pump market has witnessed significant growth in the recent years owing to its simple usage and is anticipated develop significantly owing to the expanding demand in large population of working women. These women encounter constant pressure of resuming work after giving birth and seek for products which would help them in managing their priorities of work life. The market opportunity for breast feeding pumps incorporates the working ladies in both sorted out and chaotic segments as well as ladies who stay at home. In addition, lacking maternity leave period and surging requirement to meet nutritional levels are some factors that are foreseen to spur the growth of this market. The rates of breast feeding have been improving over the period of past ten years due to developing awareness and support campaigns from healthcare providers, governments, non-profit groups and international organizations.
On the basis of product the global breast pump market is segmented into closed system and open system. On the basis of technology the market is segmented into manual, electric and Battery Powered. On the basis of application the market is segmented into personal care and hospital grade. The major players in the market are Philips AVENT, Büttner-Frank GmbH, Whittlestone Inc, Lansinoh Laboratories, Ameda Breastfeeding Solutions, Linco Baby Merchandise Work's Co.Ltd, Bailey Medical Engineering and Guangzhou Happy Baby Products Ltd.
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Key findings of the breast pump market
- In 2013, North America was the biggest market with over 63 percent share in worldwide Breast Pump Market. Major reasons credited are high mindfulness levels, expansive working women populace and solid consolation from different partners to expand the breast feeding scope and enhance the pediatric medicinal services.
- Nonetheless, Asia Pacific is anticipated to be the quickest developing business sector inferable from high monetary improvement, rising expendable wages and high neglected needs. The emerging nations of Asia Pacific locale are anticipated to expand the private and public healthcare spending, and furthermore execute different UNICEF and WHO programs for breast feeding hence spurring the development of the market.
- Germany and United Kingdom on the whole represented more than half of Europe breast pumps share of the market in 2015. Expanding rate of female employment, enhancing awareness levels and rising discretionary cash-flow is foreseen to boost regional breast pumps market development.
- The risk of new participants in the breast pumps market is probably going to be higher amid gauge period because of existence of generally less stringent administrative and item endorsement condition.