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Breast Pumps Market Expected to Reach USD 2.60 billion Globally in 2022

Breast Pumps Market Expected to Reach USD 2.60 billion Globally in 2022

Breast pumps are referred to as the medical devices used by lactating mothers to express milk. Additionally these devices are also used to establish milk supply and help relive engorged breasts. These devices are regulated by the U.S. Food and Drug Administration. These pumps are designed to mimic the suckling action of the nursing baby and can act as a supplement to breastfeeding. The demand for these devices is increasing due to the rising number of working women and their growing disposable incomes. Consistent technological advances followed by introduction of breast pumps with enhanced pumping capacity, variable suction pressures, ease of operation will further enhance the acceptance of breast pumps across the globe. On the other hand high cost of these devices and strenuous maintenance of these devices are some of the limiting factors that might restrain the market growth.

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330 views • 14 slides
Breast Pumps Market is Expected to Reach $829 Million by 2022

Breast Pumps Market is Expected to Reach $829 Million by 2022

Geographically, North America is the major regional market in 2015, owing to the widespread adoption of breast pump techniques. However, Asia-Pacific is expected to grow rapidly, owing to highly unmet medical needs, increasing disposable income of the population and increasing awareness about breastfeeding. In terms of value, Europe accounted for approximately one-fifth share of the overall market in 2015; mainly attributed to large number of women using breast pumps and is expected to grow at a CAGR of 5%.

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Increasing Population of Working Women to Drive the Global Breast Pumps Market to US$1.03 Billion by 2018

Increasing Population of Working Women to Drive the Global Breast Pumps Market to US$1.03 Billion by 2018

The global market for breast pumps, which was valued at US$0.62 billion in 2011, is estimated to grow at a CAGR of 7.5% between 2012 and 2018, thereby reaching a market value of US$1.03 billion by 2018. Breast pumps refer to special medical devices that are used for expressing and storing breast milk. The milk thus expressed can easily be stored in containers for future use. Breast pumps are mostly used for reasons such as stimulating lactation in case there is low milk supply, continuation of feeding on breast milk even after a woman resumes work after maternal leave, and for providing relief from engorgement.

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Breast Pumps Market to Record an Exponential CAGR

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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Global Breast Pumps Market to Reach Worth USD 2.2 Bn by 2022: Portability, Added Product Features, and Ease of Use among

Global Breast Pumps Market to Reach Worth USD 2.2 Bn by 2022: Portability, Added Product Features, and Ease of Use among

Global Breast Pumps Market to Reach Worth USD 2.2 Bn by 2022: Portability, Added Product Features, and Ease of Use among the Factors to Shape Market Demand

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