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Last updated on April 23, 2014 at 1:22 EDT

Breast Pumps Market Is Expected to Reach USD 1.03 Billion Globally in 2018: Transparency Market Research

April 15, 2013

ALBANY, New York, April 15, 2013 /PRNewswire/ –

According to a new market report published by Transparency Market Research
(http://www.transparencymarketresearch.com) “Breast Pumps Market (Manual,
Battery-powered and Electric Pumps) – Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2012 – 2018,” in 2011, the global breast pumps market was valued at
USD 0.62 billion and is expected to grow at a CAGR of 7.5% from 2012 to 2018, to reach an
estimated value of USD 1.03 billion in 2018.

Browse the full report at

http://www.transparencymarketresearch.com/breast-pumps-market.html

The growth of this market is driven by the rising birth rates globally and the rapidly
growing world population. With changing lifestyles and an increase in the number of
working women, the consumer base for breast pumps is expanding and so is the demand for
these devices. Restructuring of the reimbursement policies, which requires insurance
companies to cover the cost of breastfeeding devices and lactation counseling, will also
help improve the uptake of breast pumps. Increasing disposable incomes are strengthening
the purchasing power of consumers and rising awareness about the benefits of breastfeeding
will further help fuel market growth during the forecast period 2012 to 2018.

Electric pumps market is the fastest growing market segment with a CAGR of 11.9%. The
preference for personal use electric pumps is expected to be the highest. In addition, the
battery-powered pumps segment was the largest market segment in 2011 and will continue to
be the leading segment till 2018, in terms of revenue.

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Geographically, the North American region accounted for the largest market share in
2011. This is mainly due to the large consumer population, availability of advanced
medical technologies, strong presence of leading market players and high purchasing power
of consumers. However, with a high double digit CAGR of 17.1%, Asia will emerge as the
fastest growing market due to the rapidly growing population, increasing awareness, rising
disposable incomes and growing economies.

The global breast pumps market is highly consolidated and dominated by players such as
Medela, Inc., Philips AVENT and Ameda Breastfeeding Solutions. Of these, Medela, Inc.
accounted for the largest market share in 2011. Other small players in this market include
Bailey Medical, Energizer Personal Care, LLC (Playtex Baby), Hygeia Medical Group,
Lansinoh Laboratories, Inc. and Whittlestone, Inc.

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The global breast pumps market is segmented as follows:

Breast Pumps Market, by Pumping System Type

        - Manual
        - Battery-powered
        - Electric
             - Personal Use
             - Hospital Grade

Breast Pumps Market, by Product Design

        - Open System Pumps
        - Closed System Pumps

Biopsy Devices Market, by Geography

        - North America
        - Europe
        - Asia
        - Rest of the World (RoW)

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