Breast Pumps Market is Projected to Bring in US$ 2 Bn Revenues by 2026
Verfasser: pradnya_86 on Friday, 1 December 2017"Breast Pumps Market: Global Industry Analysis and Opportunity Assessment, 2016-2026”, a new report by research and consulting firm, Future Market Insights (FMI) forecasts the global breast pumps market to increase at 5% CAGR through 2026 and surpass US$ 2 Bn in revenues. The report offers 10-year forecast and analysis on the basis of product, technology, application, and region. Key companies profiled in the report include Koninklijke Philips N.V, Pigeon Corporation, Jarden Corporation, Goodbaby International Holdings Ltd., Medela Inc., Ameda Inc., Hygeia Medical Group II, Bailey Medical, Handi-Craft Company, Mayborn Group Limited, and Linco Baby Merchandise Works Co., Ltd.
Breast pumps haven’t undergone the same level of innovation as other medical devices, prompting the ‘Make the Breast Pump Not Suck’ hackathon at MIT Media Lab in 2014. The hackathon received massive media coverage, bringing daunting challenges associated with breast pumps to the limelight. While breast pumps have enabled women to maintain their milk production and provide nutritious feed to their babies in their absence, using the pumps has been a complicated affair. High cost, deafening loud motors, and difficulty in cleaning numerous parts has forced many women to wean.