Global Breast Pump Market size is expected to reach USD 1.74 billion by 2025. Breast pump is generally used by working women to continue breastfeeding their babies while still at work. Also, breast pump is used by those mothers to stimulate lactation in case of low milk supply and when the baby is unable to suck milk due to some physical condition. Lactating mothers are becoming increasingly aware about the importance & benefits of breastfeeding. The breast pump market is expected to register a CAGR of 7.8% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
The increasing employment rate and favorable demographics are the main factors driving the market growth in the years to come. Additionally, governments’ initiatives such as the BFSI (Baby Friendly Hospital Initiative) are expected to drive the industry growth in the next couple of years. In the market, various types of breast pumps are available such as manual, electric breast pumps, and battery-powered. Electric breast pumps are identified as the most lucrative segment in the market and expected to hold the largest market share during the forecast period due to their greater efficiency in terms of comfort and user-friendliness. Browse the Full Global Breast Pump Market- Global Scenario, Industry Outlook, Analysis, Size, Trends and Forecast, 2012 To 2025 Report at - https://www.millioninsights.com/industry-reports/breast-pump-market Applications such as personal use and hospital grade could be explored in breast pump industry. The “hospital grade” devices are expected to hold the highest market share in the years to come due to the presence of large number of hospitals and increasing global birth rate. Electric breast pumps for “personal use” are expected to grow at a high CAGR in the upcoming period due to growing number of working mothers and rising healthcare expenditure. The factors that play an important role in the growth of breast pump market include increasing demand, growing population, increasing urbanization & industrialization, growing working women, changing lifestyle, increasing patient disposable income, rising awareness about the breast pump, technological advancements such as introduction of hands-free breast pumps, favorable change in reimbursement policies, rising birth rates in emerging countries, and growing healthcare industry. Moreover, increasing healthcare expenditure and improving healthcare infrastructure in developing economies are anticipated to boost the market growth in the upcoming period. However, high cost of breast pumps along with low awareness, risk & side effects related to breast pumps are negatively impacting the growth of breast pump industry. The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate and others. The market is categorized based on product, technology, application and geography. The market is classified into product such as closed system and open system. The “closed system” segment dominated the overall market share in terms of revenue in 2016 due to their higher prices and increasing usage rates. This segment is expected to hold the large market share in the next couple of years because it offers a more hygienic milk collection mechanism. North America has been at the forefront with regards to breast pump market and will continue to rule the roost in the years to come. The growing working mothers, increasing awareness about breastfeeding, changing lifestyle, favorable reimbursement policies and increasing population are major factor driving the growth of market in this region. On the other hand, Asia Pacific is expected to grow at the higher CAGR in the next couple of years owing to the increasing healthcare expenditure, rapid economic development, growing awareness levels and rapidly increasing working women. Request a Free Sample Copy of Breast Pump Market Report @ https://www.millioninsights.com/industry-reports/breast-pump-market/request-sample The key players contributing to the robust development of the breast pump industry include Medela Inc., Philips Avent, Bailey Medical Engineering, Ameda Breastfeeding Solutions, Chicco, Hygeia Medical Group, MAM, Evenflo Feeding, Pigeon Corporation, Mayborn, Whittlestone, Spectra Baby, Albert Manufacturing USA, Linco Baby Merchandise Works Co., Whittlestone Inc. and Lansinoh Laboratories. These market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour. Market Segment: Breast Pumps Product Outlook (Revenue, USD Million, 2012 - 2025) • Closed system • Open system Breast Pumps Technology Outlook (Revenue, USD Million, 2012 - 2025) • Manual • Battery powered • Electric Breast Pumps Application (Electric Pump) Outlook (Revenue, USD Million, 2012 - 2025) • Personal use • Hospital grade Breast Pumps Regional Outlook (Revenue, USD Million, 2012 - 2025) • North America • U.S. • Canada • Europe • Germany • U.K. • France • Asia Pacific • Japan • China • Latin America • Brazil • Mexico • Middle East and Africa (MEA) • South Africa • Saudi Arabia To read more reports of this category, Visit our blog: https://pharmaceuticalandhealthcarereports.weebly.com Surgical Instrument Tracking Systems Market Is Anticipated To Rise At Over 19.0% In Future6/15/2021 Industry Insights
Global surgical instrument tracking systems market was valued at over USD 83.5 million in 2015 and is anticipated to rise at over 19.0% during the forecast period. The major factors, which contribute to the growth of this market are growing incidence of hospital acquired infections and instrument misplacement. In the U.S., nearly 90,000 people die every year due to hospital-acquired infections, based on a data by CDC. In order to prevent these infections arising out of instrument contamination, instrument tracking system is highly useful. It is also used for inventory management to enhance the efficiency of the staff. Rising prevalence of retained surgical equipment cases is another factor which is expected to contribute to the demand for surgical instrument tracking systems in the coming years. The fatality rate of retained surgical instruments accounted for nearly 2%, according to a study by the National Center for Biotechnology Information. Technological advancements in the field of surgical instrument tracking systems, such as RFID, 2D bar codes further boost the growth of this market. Request a Free Sample Copy of Surgical Instrument Tracking Systems Market Report @ https://www.millioninsights.com/industry-reports/surgical-instrument-tracking-systems-market/request-sample Product Insights Based on the product, the market is classified into services, hardware and software. Software held the largest market share in 2016 and is projected to witness lucrative growth over the forecast period. Advancements in the field of software technology, such as tracking surgical instruments and inventory management support the growth of this segment. For instance, IMPRESS, designed by BD helps delivering information on sterilized surgical equipment. This further facilitates inventory management and delivers ongoing assistance through phone. The hardware segment is expected to showcase significant growth over the forecast period. This is due to the high demand for RFID labels and barcode tags. For instance, Dot XXS - Autoclavable Version of Xerafy is especially designed for tagging surgical instruments. It is one of the smallest RFID metal tag and withstands repeated autoclave and chemical washes. Technology Insights Barcode technology held the largest market share in 2016. It is the most common technology used for tracking systems and is widely used by medical device industry, thus, contributing to the growth of this segmental revenue. Moreover, the low installation cost associated with these barcodes also has led to increasing use by ambulatory surgery centers and hospitals. The RFID segment is expected to witness lucrative CAGR over the forecast period owing to the rapid technological advancements in the field of RFID, such as huge data storage capacity, high durability, no requirement of line-of-sight and reusability. End-Use Insights In 2016, hospitals held the largest market share owing to the retention of surgical instruments at the site of surgery. In order to improve patient safety by tracking the instruments and managing the inventory, hospitals increasingly use surgical instrument tracking systems. This contributed to the growth of the segment. Hospitals are also anticipated to show highest growth over the forecast period. Rapid technological advancements in the hardware and software is expected to support the growth of this segment. For further inquiries, about - Global Surgical Instrument Tracking Systems Industry Analysis, Size, Growth, Trends and Forecast 2014 - 2025, click on this link – https://www.millioninsights.com/industry-reports/surgical-instrument-tracking-systems-market Regional Insights In 2016, North America held the largest market share. The U.S. Food and Drug Administration launched an innovative device, which can detect and identify medical devices. This factor contributed to this largest revenue growth. In addition, availability of highly developed medical infrastructure, huge penetration of advanced technology and rising healthcare expenditure further accelerates the growth of this regional segment. According to CMS, total healthcare spending in the U.S. was USD 3.2 trillion in 2015, which depicted high healthcare expenditure in this country. Asia pacific is projected to witness attractive growth over the forecast period owing to the untapped market of this region. Moreover, rapid investments in healthcare infrastructure along with increasing geriatric population also contributed to the high growth of this segment. Competitive Insights Some of the major companies of this market are Xerafy; Haldor Advanced Technologies Ltd.; Materials Management Microsystems, Inc; Censis Technologies Inc.; Becton, Dickinson and Company and B. Braun Melsungen AG. In order to fulfil the unmet needs of the target population, the major companies are undertaking regional expansion, development of new products and mergers & acquisitions. For instance, in October 2015, Xerafy launched world’s smallest RFID tag named XXS Tags. Market Segment: Product Outlook (Revenue, USD Million; 2014 - 2025) • Hardware • Software • Services Technology Outlook (Revenue, USD Million; 2014 - 2025) • Barcodes • RFID End-Use Outlook (Revenue, USD Million; 2014 - 2025) • Hospitals • Others To read more reports of this category, Visit our blog: https://medicaldevicesmarketreports.tumblr.com Regional Outlook (Revenue, USD Million; 2014 - 2025) • North America • U.S. • Canada • Europe • Germany • UK • Asia Pacific • China • India • Latin America • Brazil • Mexico • MEA • South Africa |
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