The global breast pump market is expected to reach US$ 1,901.6 Mn in 2027 from US$ 1,070.25 Mn in 2018. The market is estimated to grow with a CAGR of 6.9% from 2019-2027.
The market is driven by the factors such as, high women employment rates, rising healthcare expenditure, rising patient awareness, and growing healthcare investments from private players and government. However, the market is likely to experience slower growth due to the restraining factors such as working women and their child care crisis.
Check for the sample here – https://www.premiummarketinsights.com/sample/TIP00001002
Rising number of human milk banks are driving the demand for breast pumps. Also the rising number of women employment rate is driving the demand for breast pumps. Now a days, it’s hard for working women to feed their babies when they are not around due to hectic working hours and fast paced lifestyle. Majority of the mothers are able to produce little milk because in many cases a woman may induce lactation as the baby is out near her breast. The milk production can be increased by stimulation and the extra produced milk is stored and can be used later. The electric breast pumps enable to provide stimulation and help in the production of milk, and a woman can store the milk to feed the baby at some other time.
The List of companies covered in this Reports are:
- Pigeon Corporation
2. Ardo medical, Inc.
3. Ameda, Inc.
4. Koninklijke Philips N.V.
5. Medela LLC
6. Evenflo Feeding
7. Albert Hohlkörper GmbH & Co. KG
8. Mayborn Group Limited
9. Hygeia Healthcare
10. Spectra Baby USA
The women employment rate across the world is rising; the trend of increasing education for women is encouraging women employment. Across the world, approximately 40% of the total force is acquired by women. For instance, according to the International Labor Organization data for 2017, states that countries such as the United States and Canada have the comparatively high percentage of women in the workforce which accounts for nearly 48%. Therefore, for the working women breast pump is considered as the best solution to feed babies in their absences. Below is the table depicting the percentage of working women in major countries.
Inquire Before Purchase this report: https://www.premiummarketinsights.com/inquiry/TIP00001002
About Premium Market Insights:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider.
Name: Sameer Joshi
Email: [email protected]
Organization: Premium Market Insights