Global Market For Breast Pumps To Be Worth $1,197.7 Million By 2020 According To New Report By Grand View Research
The global market for breast pumps is expected to reach USD 1,197.7 million by 2020, growing at an estimated CAGR of 7.6% from 2014 to 2020, according to a new study by Grand View Research, Inc. Introduction of innovative technologies including hand free breast pumps, growing women employment rates coupled with growing awareness levels pertaining to the advantages of breast milk are expected to drive breast pump demand over the next six years. In addition, presence of untapped growth opportunities in emerging markets such as India, Brazil and China and the introduction of government initiatives such as declaring breast pumps tax deductible are expected to serve this market as future growth opportunities.
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Closed breast pump systems dominated the overall market in terms of revenue share at 83.4% in 2013. These systems are relatively more hygienic and free from microorganisms as the milk does not come in contact with air at all and therefore, hold higher usage rates.
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For the purpose of this study, Grand View Research has segmented the breast pump market on the basis of product, technology and region:
• Breast Pump Product Outlook
• Open system
• Closed system
• Breast PumpTechnology Outlook
• Manual Pumps
• Battery-powered pumps
• Electric pumps
• Breast Pump Regional Outlook
• North America
• Asia Pacific
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/
Corporate Sales Specialist, USA
Grand View Research, Inc
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