Albany, NY -- (SBWIRE) -- 03/28/2018 -- According to a new market report, the global market for Breast Pumps was valued at USD 1,971.8 million in 2016 and is estimated to reach USD 4,164.6 million by 2025 at a CAGR of 8.9% from 2017 to 2025.
Breast pumps are devices used when babies have difficulties in breastfeeding. Breast pumps are available in different modes such as closed collection system and open collections system. The demand for breast pumps is increasing among women since the population is getting more educated regarding benefits of breastfeeding for babies and inventions of innovative breast pumps by manufacturers. Government initiatives for raising breastfeeding rates from birth up till two years, and increase in women employment rate worldwide are important drivers that are contributing to the growth of breast pumps market globally.
View Report Overview -
Geographically, the global breast pumps market is segmented in five main regions, which are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for the largest market share for breast pumps in 2016 followed by Europe. The major factors contributing for the growth of breast pumps market in North America are increase in usage of breast pumps among working women population and support for mandatory coverage for breast pumps by private and public sectors. The governments are investing in awareness campaigns to increase the rate of breastfeeding which is impacting positively on the growth of breast pumps market in North America. High number of single and nuclear families and inadequate maternity leaves policies are further augmenting the growth of breast pumps market in North America.
Europe was the second largest market for breast pumps in 2016. Growing demand for breast pumps owing to rise in working women population, high dual income households, and growing awareness about the benefits of breastfeeding are anticipated to fuel the growth of the breast pumps market in Europe. However, low rate of breastfeeding attributed to cultural differences toward breastfeeding, which limit the usage of breast pumps in many countries of Europe is likely to impede the growth of breast pumps in Europe.
Request to View Sample of Report -
The breast pumps market in Asia Pacific is attributed to witness remarkable growth during the forecast period. Presence of established players in the region and rise in demand for breast pumps owing to increase in number of child births is likely to drive the market in Asia Pacific during the forecast period. Investments from leading manufacturers to penetrate the lucrative markets in Asia Pacific owing to large consumer base, high purchasing power, and less stringent regulatory environment for breast pumps is further augmenting the growth of market in the region. High disposable income, growing number of online users, rise in number of online distribution channels are likely to augment the growth of breast pumps market in Asia Pacific region.
Enquiry for discount on this report -
The Latin America and Middle East & Africa are expected to grow at high CAGR during forecast period with immense growth potential. Rising awareness regarding breastfeeding, establishment of milk banks by government organizations, rising working women population coupled with inadequate maternity leave policies in the region, and entrance of key players in emerging market of Middle East and Latin America with strong distribution network are the factors likely to fuel the market growth of breast pumps in Latin America and Middle East & Africa region.
The major players in global breast pumps market are Medela LLC, Pigeon Group (Pigeon Corporation), Koninklijke Philips N.V., Ameda, Inc., Ardo Medical Ag, Evenflo Feeding, Inc., Mayborn Group Limited (Shanghai Jahwa Co. Ltd), Spectra Baby USA, Albert Manufacturing USA (Albert Group), Hygeia Health and others.