2014-01-30 04:55:03 - Global Breast Pumps Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Breast Pump market is to grow at a CAGR of 7.72 percent over the period 2012-2016. One of the key factors contributing to this market growth is the strong growth of the Breast Pumps Market in the US. The Global Breast Pump market has also been witnessing increasing awareness among emerging countries. However, small- and medium-sized vendors face high entry barriers and this could pose a challenge to the growth of this market.
One of the main trends witnessed in the Global Breast Pumps market is the increasing reimbursement policies. According to the ACA in 2013, breast pump manufacturers require health insurance carriers to provide breast pumps to pregnant and nursing mothers. Hence, insurance companies essentially cover the cost
of breast pumps, along with lactation counseling and various other precautionary health services. This may include any type of breast pumps in the market. As a result, most of the leading vendors are focusing more on the production of insured breast pumps.
One of the main factors driving the market is the reasonable pricing of breast pumps. This is because the use of breast pumps is growing due to a combination of factors such as higher awareness among expectant mothers about the advantages of sophisticated and proper breastfeeding and increased safety offered by new prenatal diagnostic techniques.
One of the main challenges is the threat of brand loyalty for small companies. Most women prefer to use branded devices manufactured and distributed by reputable vendors with significant market presence.
The key vendors dominating this space include Energizer Holdings Inc., Medela AG, Philips Healthcare, and Pigeon Corp.
The other vendors mentioned are Bailey Medical Engineering Inc., Platinum Products Holding Inc., TOMY Co. Ltd., and Whittlestone Inc.
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