DUBLIN, Jan. 10, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/64kkgr/breast_pumps) has announced the addition of the "2013 Report on the International Breast Pumps Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2018" report to their offering.
Breast pumps are medical devices that help in expression and storage of breast milk for future use, so that the baby is not deprived of the mother's milk while she is at work. The global market for breast pumps was valued at USD 625.2 million in 2011, with an expected global CAGR of 7.5% from 2012 - 2018. The North American region accounts for the largest market share. However, Asian region will be the fastest growing market, on account of the favorable demographic as well as economic conditions. Medela, Inc. and Philips AVENT lead the breast pumps market, closely followed by Ameda Breastfeeding Solutions.
The major product categories in this market include manual, battery-powered and electric pumps. Electric pumps form the fastest growing segment and are further segmented into personal use and hospital grade pumps. The market is largely driven by a change in consumer preferences, as seen in the shift from slow and less durable devices to fast, user-friendly and aesthetically sound devices.
Growth of the global breast pumps market is fuelled mainly by the rate of global population growth, thus increasing the consumer base for breast pumps. Rising awareness regarding the benefits of breastfeeding and increasing disposable incomes are some other important factors driving growth of the market.
Medela, Inc. leads the market and is active in the manufacture and sale of breast pumps in North America and Europe, the largest regional markets.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Breast Pumps Market, by Segments
5 Breast Pumps Market, by Geography
6 Competitive Landscape
8 Company Profiles
- Ameda AG
- Bailey Medical Engineering
- Energizer Holdings, Inc.
- Hygeia Medical Group II
- Lansinoh Laboratories, Inc.
- Medela AG
- Royal Philips Electronics NV
- Whittlestone, Inc.
For more information visit http://www.researchandmarkets.com/research/64kkgr/breast_pumps
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SOURCE Research and Markets