Albany, NY, June 25, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Breast Pumps Market - Global Industry Analysis, Size, Volume, Share, Growth, Trends and Forecast, 2014 - 2022" the global breast pumps market was valued at USD 1,194.16 million in 2013 and is estimated to reach USD 2,609.21 million in 2020 growing at 8.8% CAGR from 2014 to 2022.
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Breast pumps are referred to as medical devices used by lactating mothers to ensure uninterrupted milk supply to their infants. These pumps are majorly preferred by the working women who can avoid artificial breast milk substitutes by using breast pumps. Purchase decision of breast pumps is highly influenced by the pediatricians, certified lactation consultants and gynecologists. Additionally these pumps are highly recommended in certain medical conditions such as breast engorgements, inverted or flat nipples, in case of premature birth and others. Use of breast pumps in such condition proves to be encouraging for the lactating mothers suffering from these conditions. The manufacturers are focusing on continuous product modifications to ensure high comfort level, ease of handling and efficient milk expression. Development of breast pumps with 2-phase expression system ensures the natural sucking action of the infants which further supports the lactating mother to use these pumps. Other features include various modes of suction pressures, less noise and efficient milk expression.
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Increasing breastfeeding rates across the globe followed by increasing percentage of working women are the major factors that support the growth and acceptance of breast pumps. For instance, as per the data published by Centers of Disease Control and Prevention (CDC), in 2011, around 79% of the U.S. infants were breastfed of which 49% were breastfed at 6 months and remaining 27% at 1 year. Furthermore, around 89% of infants in Canada were breastfed in 2013. In addition, technological advances coupled with favorable reimbursement scenario in developed countries will further propel the market growth. On the other hand, factors such as high price of the devices followed by risk of contamination might hamper the market growth.
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The market for breast pumps is segmented majorly by product type and geography. Based on the operation technology there are four major types of breast pumps namely manual, single electric, double electric and hospital grade breast pumps (HGBP). Manual, single and double electric are also considered are personal grade breast pumps while HGBPs are considered as hospital grade as these pumps can be used by multiple users.
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Breast pumps majorly differ in their mode of operation and technology used in the pumps. Manual breast pumps as the name suggests needs to be operated manually and does not support frequent breast feeding. While single electric breast pumps is upgraded version which runs on electricity and is more efficient than manual breast pumps. Hospital grade breast pumps are by far the most superior type of breast pumps loaded with many features such as high motor capacity, variable suction pressures and can be used by multiple mothers. However, these pumps are not compact to carry due to which are not feasible to use at the workplace. Double electric breast pumps market is anticipated to record highest growth rate during the forecast period from 2014 to 2022, owing to the considerable price and efficient pumping capacity. On the other hand manual breast pumps market is estimated to record the lowest growth rate throughout the forecast period due to strenuous operation and less efficiency. In terms of volume, manual breast pumps market is the largest market segment as compared to others owing to their low cost and easy availability.
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Major players competing in this market are Medela AG, Ameda AG, Pigeon Corporation, NUK USA LLC and others. The top three market players accounted for around for more than 75% the total breast pumps market. Manufacturers are consistently building partnerships with several healthcare insurance providers especially in the developed economies in order to promote their respective brands. Furthermore, the market players are focusing on consistent product modifications in order to introduce efficient breast pumps.
The Global Breast Pumps Market is Segmented into the following categories:
Breast Pumps Market, by Product Type
- Manual Pumps
- Single Electric Breast Pumps
- Double Electric Breast Pumps
- Hospital Grade Breast Pumps
Breast Pumps Market, by Geography
- Rest of Europe
- Rest of Asia Pacific
Rest of the World (RoW)
- South Africa
- Rest of Row
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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Source:Transparency Market Research