The breast pumps market is gaining momentum in the global space. The rising preference for breastfeeding among consumers, together with increasing awareness levels as well as the availability of advanced medical technologies, is fueling the global breast pumps market to a great extent. In addition to this, the favorable reimbursement scenario is estimated to propel the market over the next few years. However, the risk of contamination from used pumps is likely to hamper the market in the near future.
Single Electric Breast Pumps Segment Generated Highest Revenue in 2013, Double Electric Breast Pumps Segment to Post Fastest Growth
Manual, hospital grade, single electric, and double electric breast pumps among the major types of products available in the global breast pumps market. In 2013, the market for single electric breast pumps generated the highest revenue in the global market, owing to the cost-effectiveness and several other benefits offered by these pumps compared to manual pumps. However, the market for manual pumps has emerged as the leading market segment in terms of volume, owing to the soaring demand, propelled by easy handling.
The market for double electric breast pumps is projected to report the fastest growth during the period from 2014 to 2022. The easy and efficient milk expression provided by these pumps for lactating mothers, who regularly need to express milk several times a day, is the key reason for this impressive development of the double electric breast pumps segment.
North America: Leading Regional Breast Pumps Market
North America, Europe, Asia Pacific, and the Rest of the World are the key regional markets for breast pumps. Among these, North America has been the dominant regional market in terms of both volume and revenue. The increasing rate of breastfeeding, owing to the rising awareness about the benefits it offers to babies, has enabled this market to report exceptional growth. The U.S. and Canada are the biggest breast pump markets in North America.
Asia Pacific has acquired the second position among all the regional markets. The conservative perspective of consumers in several countries in this region has led to a preference for breastfeeding over any other medium. The high rate of childbirth is also stimulating this market in Asia Pacific significantly. Japan, India, and the Rest of Asia Pacific are the major markets for breast pumps.
Germany, the U.K., and the Rest of the Europe are key markets for breast pumps in Europe; the Rest of the World comprising Brazil, Mexico, South Africa, and other countries, is also projected to witness impressive growth in the coming future due to increasing awareness regarding the benefits of breastfeeding.
Global Breast Pumps Market: Competitive Landscape
The global market for breast pumps is oligopolistic in nature, wherein top three companies collectively have occupied more than 75% of the overall market. Ameda AG, Bailey Medical Engineering, ARDO Medical AG, Hygeia Medical Group II, Mayborn Group Ltd., Lansinoh Laboratories Inc., Medela AG, Pigeon Corp., NUK USA LLC, Whittlestone Inc., and Royal Philips Electronics NV are the major participants in this market.
Browse the full Global Breast Pumps Market report at http://www.mrrse.com/breast-pumps-market
Currently, partnerships with healthcare providers is the key trend among market participants in order to promote their brands. Companies are also focusing on technical advancements, ensuring innovative as well as improved products and providing efficient milk expression, high level of comfort, and ease of handling to consumers.