DUBLIN, January 12, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/7khs34/global) has announced the addition of the "Global Breastfeeding Pump Market 2015-2019" report to their offering.
The market report predicts the breastfeeding pumps market to witness a tremendous growth at a CAGR of around 9% during the forecast period.
One of the major trends is the significant increase in the number of reimbursement policies on breastfeeding pumps. Also, emerging markets are expected to grow at a rapid rate as a result of the increased current and planned investment in the healthcare and wellness industry, which could increase the sales of breastfeeding pumps during the forecast period.
According to the report, one of the major factors driving the market is the significant increase in the number of working women. Also, developing countries have witnessed rapid urbanization in the last 10 years, which has led to a rise in disposable income and in dual-income households. As a result, awareness and spending on breastfeeding pumps have also increased worldwide.
Further, the report states that the higher pricing of breastfeeding pumps has the potential to hinder the market growth substantially.
The report offers an analysis of each of the following segments and discusses its impact on the overall market growth:
- Battery-powered pumps
- Electric pumps
- Manual pumps
Battery-powered breast pumps dominated the market during 2014, with a market share of 56%. The report anticipates this segment to maintain its leadership until the end of 2019. The convenience offered by these pumps to the nursing mother is the key growth driver for this segment. These battery-powered breast pumps are the most preferred choice of working mothers and parents, especially while traveling.
The Americas accounted for around 60% of the market share during 2014 and is expected to retain its leadership until the end of 2019. The US is the market leader in this region. The growth of the market in the Americas has matured over the past few years due to the declining birth rates. Also, the high market penetration of existing vendors has brought the market close to a saturation point.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by technology
PART 07: Market segmentation by product
PART 08: Market segmentation by sales channel
PART 09: Geographical segmentation
PART 10: Key leading countries
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Key vendor analysis
- NUK USA
- Bailey Medical Engineering
For more information visit http://www.researchandmarkets.com/research/7khs34/global
About Research and Markets:
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
SOURCE Research and Markets