Breast Pumps Market | Growth Trends | Market Data Forecast 2018-2023
Breast pumps are defined as medical devices used for extracting milk from the breast of lactating mothers. Mostly, these devices are used by working women to continue breastfeeding their babies while still at work.
(EMAILWIRE.COM, August 18, 2018 ) Breast Pumps market size was around USD 618.86 million in 2018. It is expected to grow at a CAGR of 6.7% to reach USD 855.88 million by 2023.
Breast pumps are defined as medical devices used for extracting milk from the breast of lactating mothers. Mostly, these devices are used by working women to continue breastfeeding their babies while still at work.
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The growth of the breast pump market is accredited to inadequate maternity leave period, rapid increase in working women population and rise in awareness about the benefits and significance of breastfeeding. Other important factors, such as technological developments in electric breast pumps, increase in healthcare expenditure by the government, and favourable reimbursement scenario will also help in the market growth.
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However, high maintenance requirement for electrical battery pumps & hospital grade pumps, and high risk of contamination in open system breast pumps. In addition, high cost of breast pumps along with low awareness, particularly in under-developed countries, such as Afghanistan, Bhutan, and Nigeria are likely to restrain the industry growth.
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By geography the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. North America is the market leader and is expected to remain so in the aforementioned forecast period. US is the leader in North America. Europe is the second largest market. UK is the leader in this market. Asia Pacific is the fastest growing market and is likely to continue its growth streak in the forecast period. Latin America and MEA are expected to showcase robust growth rates in the forecast period.
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Breast pumps are defined as medical devices used for extracting milk from the breast of lactating mothers. Mostly, these devices are used by working women to continue breastfeeding their babies while still at work.
Browse full report @ https://www.marketdataforecast.com/market-reports/breast-pumps-market-6733/
The growth of the breast pump market is accredited to inadequate maternity leave period, rapid increase in working women population and rise in awareness about the benefits and significance of breastfeeding. Other important factors, such as technological developments in electric breast pumps, increase in healthcare expenditure by the government, and favourable reimbursement scenario will also help in the market growth.
Request sample report @ https://www.marketdataforecast.com/market-reports/breast-pumps-market-6733/request-sample
However, high maintenance requirement for electrical battery pumps & hospital grade pumps, and high risk of contamination in open system breast pumps. In addition, high cost of breast pumps along with low awareness, particularly in under-developed countries, such as Afghanistan, Bhutan, and Nigeria are likely to restrain the industry growth.
Inquire before buying @ https://www.marketdataforecast.com/market-reports/breast-pumps-market-6733/inquire
By geography the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. North America is the market leader and is expected to remain so in the aforementioned forecast period. US is the leader in North America. Europe is the second largest market. UK is the leader in this market. Asia Pacific is the fastest growing market and is likely to continue its growth streak in the forecast period. Latin America and MEA are expected to showcase robust growth rates in the forecast period.
Request discount @ https://www.marketdataforecast.com/market-reports/breast-pumps-market-6733/request-discount
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results