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Global Breast Pumps Market to grow at 7.7% CAGR from 2016 to 2024

Get more details @ http://bit.ly/2h4wghX <br>Global breast pump market analysis reveals an oligopolistic nature and domination by few giant players such as Medela, Philips and Ameda Breastfeeding Solutions collectively accounting for over 75% of industry revenue in 2015.

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Global Breast Pumps Market to grow at 7.7% CAGR from 2016 to 2024

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  1. Germany Breast Pumps Market to grow at 9.6% from 2016 to 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. Key Insights from Breast Pumps Market: • The global breast pump market is expected to achieve high growth as companies are actively investing in various strategies to create discrete valuable schemes and proposals for varied consumer segments offering innovative and cost-effective treatment for breastfeeding. • Today, most of the women have balanced work & life priorities and this will produce a favorable impact on the breast pump industry dynamics. Moreover, exponentially increasing birth rates coupled with rising awareness regarding breast feeding will further propel the breast pump demand, thereby driving the industry trends. • Rapid economic development along with the rising working female population will generate lucrative avenues for the breast pump business over the coming years.

  3. Continued... • The global breast pump industry is analyzed with different perspectives comprising of product type, technology used, major application base, and geography. • Based on mode of operation and technology the breast pump industry is segmented into four main types namely manual, battery powered, and electric. • The battery powered breast pump market is estimated to surpass USD 816 million by 2024. Moreover, electric breast pump market is another lucrative industry to attain a CAGR of 10.6% over the period of 2016-2024. • Electric pumps have an advantage of higher efficiency and user friendly technology which generates a greater demand for this technology. Cost efficiency is another major factor behind the growth in this segment. • Breast pumps witness a wide set of applications in the personal use and hospital grade sector.

  4. Continued... • The hospital grade pumps are set to witness heavy gains with target market size slated to surpass USD 520 million by 2024. • Geographically, North America breast pump market is projected to exhibit healthy growth over the coming seven years. U.S. breast pump industry, worth USD 405 million in 2015, is projected to grow at an annual rate of 4.9% over the period of 2016-2024. • Asia pacific breast pump industry is anticipated to witness escalating gains over the coming years. The growth is attributed to rising women employment rate, increasing awareness levels, increasing birth rates, and increasing disposable income. • Breast pump industry is highly concentrated and is dominated by few notable players including Philips, Hygeia Medical Group, Whittlestone, Ameda Breastfeeding Solutions, Medela, Bailey Medical, and Energizer Personal Care.

  5. U.S. Breast Pumps Market Size, by Technology, 2012- 2024 (USD Mn)

  6. Browse Full Market Research Report On Breast Pumps Market @ http://bit.ly/2gXoVm5 Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/729

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