Global Breast Pump Market – North America is expected to account for higher market
Global Breast Pump Market is expected to grow at a CAGR of 6% to reach US$ 2,487.6 million in 2024. The growth is coupled with the factors including changing lifestyle, advanced technologies including innovation of hands-free breast pumps, rising disposable income, and rising awareness about the products. Other factors including rising population, an increasing rate of women employment and increasing birth rates in developing and underdeveloped economies also expected to drive the Global Breast Pump Market through the forecast period.
Moreover, working women hold rising disposable income and less time for breastfeeding the babies. Thus, those women will be the ideal customers for breast pumps. Further, developed economies such as Germany and U.S. have made it mandatory for companies to have break policies during work hours for lactating mothers to pump breast milk. According to the Centre for Economic & Policy Research (CEPR), in 2016, in Canada, Germany, Japan, UK and France, the employment rate for women has been growing thus such factor is boosting industry growth. Additionally, improving healthcare infrastructure is projected drive the Global Breast Pump Market through the forecast period.
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In 2017, North America held the highest market share driven by factors including rising awareness about breastfeeding and a high women employment rate. Other factors including favorable reimbursement scenario in the U.S. for visiting lactation consultants and for purchasing breast pumps also expected to drive the market through the forecast period. U.S. market held more than 80% out of the total North American market due to favorable reimbursement scenario coupled with surging adoption of the breast pump.
The Asia Pacific is expected to have a higher growth rate in the forecast period. The growth rate is coupled with the presence of numerous untapped opportunities in emerging economies such as India and China. Other factors including rapid economic development, increasing healthcare expenditure, growing awareness levels, and rapidly increasing rate of employment among women also expected to drive the Global Breast Pump Market through the forecast period.
Closed system breast pump held the highest Global Breast Pump Market share in 2017. The demand is driven by the factors including increased usage rates and it offers a more hygienic milk collection mechanism since as it is not exposed to air at all. Benefits with closed system pump include proper filtration, thus reducing the growth of mold or other infectious particles and proper hygiene is maintained.
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Global Breast Pump Market
Market Segmentation
• By Product
o Closed system
o Open system
• By Technology
o Manual
o Battery powered
o Electric
• By Application
o Personal use
o Hospital grade
The above data will be provided for following regions/countries from 2013-2024 (USD Million)
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Spain
o Italy
• Asia Pacific
o China
o India
o Japan
o Australia
• Latin America
o Argentina
o Brazil
o Mexico
• Middle East and Africa
o South Africa
o Saudi Arabia
Browse Full Report with Facts and Figures of Breast Pump Market Report at: https://www.maximizemarketresearch.com/market-report/global-breast-pump-market/10812/
MAJOR TOC OF THE REPORT
Chapter One: Breast Pump Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Breast Pump Market Competition, by Players
Chapter Four: Global Breast Pump Market Size by Regions
Chapter Five: North America Breast Pump Revenue by Countries
Chapter Six: Europe Breast Pump Revenue by Countries
Chapter Seven: Asia-Pacific Breast Pump Revenue by Countries
Chapter Eight: South America Breast Pump Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Breast Pump by Countries
Chapter Ten: Global Breast Pump Market Segment by Type
Chapter Eleven: Global Breast Pump Market Segment by Application
Chapter Twelve: Global Breast Pump Market Size Forecast (2019-2026)
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