At 7.5% CAGR Breast Pump Market to cross $1.6 bn by 2024

Sellbyville, DE -- (SBWire) -- 11/28/2018 --The Breast Pump Market to exceed USD 1.5 billion by 2024 as per a new research report study.
Growing rate of women employment and presence of favorable demographics will drive breast pump market. Favorable government initiatives and improving healthcare infrastructure in emerging economies will fuel the industry growth over the forecast timeframe.

Improved healthcare infrastructure, introduction of novel technologies like hands-free and water-based technology by medical device companies that expresses milk more quickly, and comfortably will boost the product demand. Furthermore, reduction in pain of engorged breasts when weaning baby and presence of mandatory coverage of breast pumps should propel industry growth. However, soaring product prices and decrease in milk expression due to repeatedly pumping should restrain business growth.

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Closed system dominated the industry owing to prevention of outside air from being exposed to milk by acting as a barrier between the pump tubing and collection kit. Moreover, preservation of the purity in milk and assurance that milk particles will not pass through pump motor or tubing will increase the product demand. Advantages like elimination of pump tube washing and protection from mold growth in the tubing will further drive the closed system market.

Battery powered products will witness significant growth during the forecast years due to growing use of less expensive pumps and high portability. Additionally, wearable models that can be discreetly placed under clothes, allowing to pump hands-free at work or home will propel the breast pump market.

U.S. breast pump market should grow at a significant rate over the forecast period. Rising women employment rate, lack of support at workplaces that don't encourage breast-feeding behavior are making it difficult for mothers to meet the breast-feeding recommendations by the WHO and lesser number of maternity leave will drive business growth.

China has one of the lowest feeding rates in the world owing to lack of required maternity leave and government support coupled with inadequate public nursing facilities. China breast pump market will witness robust growth over forecast period due to infant milk formula advertising ban and growing number of caesarean deliveries in the country strongly correlated to low breastfeeding rates.

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UK breast pump market will witness a substantial growth over the forecast period pertaining to lowest rate of feeding in the world partly with lack of support for new mothers. Breast pump also facilitates reduction in child obesity, reduces risk of diabetes and infections by replacing formula.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis: Acewin, Albert, Ameda, Ardo, Babybelle, Bailey Medical, Beldico, Buettner-Frank, Hygeia Health, Lansinoh Laboratories, Linco Baby Merchandise Work's, Medela, NUK, Philips, Pigeon, and Spectra Baby Products.