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Breast Pumps Market to Record an Exponential CAGR

The world breast pumps market was valued at $540 million in 2015, and is projected to garner revenues worth $829 million by 2022, registering a CAGR of 6.6% during the forecast period.

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Breast Pumps Market to Record an Exponential CAGR

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  1. Breast Pumps Market

  2. Breast Pumps Market is expected to garner $829 million by 2022, from $540 million in 2015, registering a CAGR of 6.6% from 2016 to 2022. On the basis of value, the battery powered breast pumps segment contributed more than two-thirds of the total share in 2015 and will continue its dominance during the forecast period. In terms of volume, the manual breast pumps segment contributed nearly one-fourth of the total share in 2015. Get Sample Report

  3. The rise in closed breast pumps market can be attributed to a lower risk of contamination, and ease in the cleaning process. Market players have successfully developed breast pumps with different functionalities such as pumping and Bluetooth facilities, thus making it proficient for the lactating mothers. Furthermore, closed breast pumps can be reused, without being harmful, thus increasing the convenience and safety offered by these pumps, which is anticipated to create huge opportunities for their growth.

  4. The surge in population of working women, increase in disposable income, and rise in awareness regarding importance of breastfeeding drive the growth in the global breast pumps market. The personal use breast pumps contributed the highest share in terms of volume, registering a CAGR of nearly 6% during the forecast period. There is a rise in demand for personal use breast pump, owing to factors including effective pumping techniques, portability, and contamination-free feeding.

  5. Key findings of the report: • The closed system breast pumps segment would become the fastest growing segment in terms of value and volume, registering a CAGR of nearly 6.5% and 7% respectively, during the forecast period. • Asia-Pacific is expected to become the fastest growing segment, registering a CAGR of 9.7%, on the basis of value, from 2016 to 2022. • In 2015, North America contributed nearly three-fifths of the total share in the global breast pumps market based on value. • The hospital grade breast pumps would generate the highest revenue during the period, 2016-2022.

  6. Leading industry players: The key players analyzed in the research include Medela AG, Koninklijke Philips N.V. (Philips AVENT), Ameda, Inc., Bailey Medical Engineering, Hygeia Health, Whittlestone Inc., Linco Baby Merchandise Works Co. Ltd., Pigeon Corporation, Energizer Holdings Inc., and Albert Manufacturing USA.

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