DUBLIN--(BUSINESS WIRE)--The "Breast Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global breast pump market reached a value of US$ 642 Million in 2017. Looking forward, the market is projected to reach a value of US$ 953 Million in 2023, exhibiting a CAGR of 6.8% during 2018-2023.
Owing to the differences in economic condition, culture and societal beliefs, the demand for breast pumps significantly varies from region to region. Over the past few years, their demand has witnessed a surge, particularly in the developed regions. This can be attributed to a large number of working women supported by increased awareness about the benefits and importance of breastfeeding.
Additionally, technological developments, such as double breast pumps which help to eliminate fat content from milk and substitute it with higher caloric value, have also influenced the demand for breast pumps.
Moreover, government initiatives towards consumer awareness as well as improving healthcare infrastructure in emerging economies are some of the other forces which are expected to facilitate the market growth.
- The report has segmented the market on the basis of type into closed system breast pump and open system breast pump.
- Based on technology, battery-powered breast pump accounted for the majority of the market share, followed by electric breast pump and manual breast pump.
- The report has also segmented the market on the basis of application into hospital and personal care.
- On a regional-basis, North America represents the largest market, accounting for the majority of the total share. Other major markets include Europe, Asia-Pacific, Latin America, and Middle East and Africa.
- Philips Avent
- Pigeon Corporation
- Hygeia Medical Group II
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Breast Pump Market
6 Market Breakup by Type
7 Market Breakup by Technology
8 Market Breakup by Application
9 Market Breakup by Region
10 Breast Pump Manufacturing Process
11 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/mtqdbh/global_breast?w=4