Market Revenue Breast Pump Industry Production, CAGR (%) | Page 2

The factors that play an important role in the growth of breast pump market include increasing demand, growing
population, increasing urbanization & industrialization, growing working women, changing lifestyle, increasing
patient disposable income, rising awareness about the breast pump, technological advancements such as
introduction of hands-free breast pumps, favorable change in reimbursement policies, rising birth rates in
emerging countries, and growing healthcare industry. Moreover, increasing healthcare expenditure and
improving healthcare infrastructure in developing economies are anticipated to boost the market growth in the
upcoming period. However, high cost of breast pumps along with low awareness, risk & side effects related to
breast pumps are negatively impacting the growth of breast pump industry.
The market is widely analyzed based on different regional factors such as gross domestic product (GDP),
demographics, acceptance, inflation rate and others. The market is categorized based on product, technology,
application and geography. The market is classified into product such as closed system and open system. The
“closed system” segment dominated the overall market share in terms of revenue in 2016 due to their higher
prices and increasing usage rates. This segment is expected to hold the large market share in the next couple of
years because it offers a more hygienic milk collection mechanism.
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North America has been at the forefront with regards to breast pump market and will continue to rule the roost
in the years to come. The growing working mothers, increasing awareness about breastfeeding, changing
lifestyle, favorable reimbursement policies and increasing population are major factor driving the growth of
market in this region. On the other hand, Asia Pacific is expected to grow at the higher CAGR in the next couple
of years owing to the increasing healthcare expenditure, rapid economic development, growing awareness
levels and rapidly increasing working women.
The key players contributing to the robust development of the breast pump industry include Medela Inc., Philips
Avent, Bailey Medical Engineering, Ameda Breastfeeding Solutions, Chicco, Hygeia Medical Group, MAM,
Evenflo Feeding, Pigeon Corporation, Mayborn, Whittlestone, Spectra Baby, Albert Manufacturing USA, Linco
Baby Merchandise Works Co., Whittlestone Inc. and Lansinoh Laboratories. These market players are focusing
on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint
ventures are the need of the hour.
Market Segment:
Breast Pumps Product Outlook (Revenue, USD Million, 2012 - 2025)
• Closed system
• Open system