Potential Impact of Covid-19 on Breast Pumps industry
Breast pumps are medical devices used for extracting milk from the breast of lactating mother. These devices are used mainly by working women to continue breastfeeding while they are at work. In some cases, physicians also recommend breast pumps to stimulate milk supply when the baby is unable to latch-on and suckle. Breast pumps have emerged as a preferable choice for the working women. The market is poised to witness a remarkable growth, primarily due to the related technological advancements such as double breast pumps, which help remove fat content from milk and replacing it with higher caloric value.
The world breast pump market is projected to garner revenues worth $829 million by 2022, registering a CAGR of 6% over the forecast period. The growth of the market is attributed to the rapid increase in working women population, inadequate maternity leave period and the growing awareness about the benefits and importance of breastfeeding. Other factors such as favourable reimbursement scenario, increasing healthcare expenditure by the government and technological developments in electric breast pumps will also help in the growth of the market. On the other hand, barriers such as high risk of contamination mainly in open system breast pumps, high maintenance of electricity battery pumps and hospital grade pumps, high cost of breast pumps coupled with low awareness, especially in under-developed countries such as Nigeria, Afghanistan and Bhutan are likely to restrain the market growth.
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The world breast pump market is projected to garner revenues worth $829 million by 2022, registering a CAGR of 6% over the forecast period. The growth of the market is attributed to the rapid increase in working women population, inadequate maternity leave period and the growing awareness about the benefits and importance of breastfeeding. Other factors such as favourable reimbursement scenario, increasing healthcare expenditure by the government and technological developments in electric breast pumps will also help in the growth of the market. On the other hand, barriers such as high risk of contamination mainly in open system breast pumps, high maintenance of electricity battery pumps and hospital grade pumps, high cost of breast pumps coupled with low awareness, especially in under-developed countries such as Nigeria, Afghanistan and Bhutan are likely to restrain the market growth.
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