Transparency Market Research Report Added "Breast Pumps Market" to its database.
Albany, NY -- (SBWIRE) -- 10/28/2015 -- The report, titled "Breast Pumps Market - Global Industry Analysis, Size, Volume, Share, Growth, Trends and Forecast 2014 - 2022", comprises a comprehensive examination of the global breast pumps market . The report states that the global breast pumps market, which was valued at US$1.1 bn in 2013, will expand at an 8.8% CAGR between 2014 and 2020 and rise to US$2.6 bn by 2020.
Browse the full Breast Pumps Market (Manual, Single, Double Electric and Hospital Grade Breast Pumps) - Global Industry Analysis, Size, Volume, Share, Growth, Trends and Forecast 2014 - 2022 report at http://www.transparencymarketresearch.com/breast-pumps-market.html
Breast pumps are medical devices used by lactating mothers to provide their infants with an uninterrupted supply of breast milk. The pumps are mainly used by working women who can easily avoid breast milk substitutes with the help of breast pumps. Decision regarding the purchase of breast pumps is highly influenced by medical representatives such as pediatricians, gynecologists, and certified lactation consultants. Breast pumps are also highly recommended in cases such as flat or inverted nipples, breast engorgement, or premature birth, among others.
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 systems supports the natural sucking action of the infants. Other features include various modes of suction pressures, less noise, and efficient milk expression.
The rising rate of breastfeeding across the globe has emerged as a very important trend that has led to the increased acceptance of breast pumps on a global level. As per data published by the Centers of Disease Control and Prevention in 2011, nearly 79% infants in the U.S. were breastfed. Nearly 89% of infants were also breastfed in Canada in 2013. Additionally, favorable reimbursement scenarios and easy availability of technologically advanced devices in developed countries will further propel the global breast pump market.
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However, high prices of breast pumps and the risk of contamination will hold back the global breast pumps market to a certain extent. The report segments the global breast pumps market based on two key criteria: product types and geography. Based on the type of product, the market is segmented into single electric pumps, double electric pumps, manual pumps, and hospital grade pumps. Geography-wise, the market is broadly segmented into North America, Asia Pacific, Europe, and the Rest of the World (RoW).
Of the various types of breast pumps studied in the report, the segment of double electric breast pumps is expected to record growth at the highest pace over the report's forecast period, owing to the economic nature and efficient pumping capacity of these pumps. The market segment of manual breast pumps, on the other hand, is expected to record growth at the lowest rate over the report's forecast, owing to the low efficiency and complicated operating mechanism of these devices.
The report states that the global breast pumps market is of oligopolistic nature and is dominated by the top three companies. In 2013, the top three companies in the global breast pumps market had a collective market share of more than 75%. The key manufacturers in the market are building partnerships with healthcare providers, especially in developed countries, so as to promote their brands. Businesses are also increasingly focusing on product improvement and innovation for ensuring high level of comfort, efficient milk expression, and ease of handling. Some of the major businesses in the global market for breast pumps are Ameda AG, Medela AG, NUK USA LLC, and Pigeon Corporation.
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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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