Global Breast Pumps Market To Reach US$ 0.9 Billion By 2024, Says Report

Global Breast Pumps Market INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2016–2024

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REPORT DESCRIPTION Global Breast Pumps Market : Overview Breast pumps are a boon for working women who cannot constantly nurse their babies due to work commitments. Commercially available types of breast pumps are manual, battery-powered, and electric breast pumps. Inclusion of these devices within the reimbursement purview in the U.S. is boosting demand for electric breast pumps. Demand for breast pumps significantly varies across regions, owing to difference in economic condition and culture and societal beliefs.

Growing number of women in the workforce providing growth impetus According to the U.S. Department of Labor (DOL), around 57% of women were part of the U.S. workforce in 2015. Furthermore, the DOL projects that by 2024, women in the age group of 25 to 34 years would constitute the major share of employed women in the U.S. On the contrary, emerging economies such as India have witnessed a decline in the female workforce from 35% in 1990 to 27% in 2014 (as per the World Bank Statistics). This is mainly attributed to cultural and societal factors and dearth of suitable jobs opportunities close to place of residence. However, liberalized thinking women empowerment programs are expected to change the scenario and drive growth in the number of women enlisted with the workforce in the country during the forecast period. Countries such as Bangladesh and Sri Lanka have reported a significant increase in participation of women in the workforce as per the 2015 World Bank data. Š Coherent market Insights. All Rights Reserved

REPORT DESCRIPTION Closed breast pump systems are more secure and offer a higher safety element, which in turn increases its demand in the market. Moreover, closed breast pumps can be used multiple times and for longer period as compared to open breast pumps, resulting in higher cost saving. To enhance the comfort and convenience in expressing milk, Naya Health, Inc. introduced a smart breast pump in December 2016. This smart breast pump, based on water pumping technology, connects the pump to the Naya Health Tracker app, which helps the mother control the machine and track the amount of milk expressed and consumed by the baby, thus effectively managing nursing sessions. The first smart breast pump launched

by Medela AG in November 2016 is aimed at providing nursing mothers access to expert tips and clinically proven support.

Request Free Report Sample@ https://www.coherentmarketinsights.com/insight/request-sample/81 Key takeaways of the market: • The global breast pumps market is expected to expand at a CAGR of 4.8% during the forecast period (2016 – 2024). Factors attributable to market growth include increasing number of women in the workforce, growing disposable income, and favorable reimbursement policies.

• Demand for closed-system is significantly high owing to low risk of infection and possibility of repeated use with longer life-span as compared to the open-system © Coherent market Insights. All Rights Reserved

REPORT DESCRIPTION • The total market for manual pumps was valued at US$ 340.6 mn in 2015.

Demand for manual breast pumps is high among low income groups, mainly due to low insurance coverage.

• Single-electric breast pumps segment is projected to witness growth higher than that of the overall market, at a CAGR of 5.9% during the forecast period. Factors attributable to the positive growth of this segment includes ease and convenience in expressing breast milk and reimbursement by insurance companies, especially in the U.S. • Medela AG and Naya Health Inc. are among the leading players in the global breast pumps market. Major players constantly work towards introducing innovate products and focus on geographical diversification in order to further strengthen their position in the market.

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