PUBLISHER: Allied Market Research | PRODUCT CODE: 1097622
PUBLISHER: Allied Market Research | PRODUCT CODE: 1097622
The global breast pumps market was valued at $461.1 million in 2020, and is estimated to reach $890.73 million by 2030, growing at a CAGR of 6.8% from 2021 to 2030. Breast pump is a mechanical device used by breastfeeding mothers to extract milk from their breasts. Breast pumps can be of two types, including manual devices powered by hand motions or automated devices driven by electricity. In addition, breast pumps are used to maintain or increase milk production of a women, relieve engorged breasts & clogged milk ducts, and pull out flat or inverted nipples to help a nursing newborn latch on to its mother's breast. Doctors recommend breast pumps to improve milk supply if an infant is unable to latch on and feed.
This market is majorly driven by rapidly growing working women population which has a direct impact on the use of breast pumps. Increase in birth rates, especially in developing countries indicate surge in number of lactating mothers that form the potential consumer base for the breast pumps. Rise in disposable incomes, due to increase in number of dual income households positively affect the purchasing power of mothers, which, in turn, increases the demand for breast pumps. Moreover, various breast pumps are available that cater the needs of nursing mothers thereby, enabling a greater choice to purchase the product economically. Rise in population of working women and increase in disposable income is expected to positively impact the breast pump market, which will lead to its growth during the forecast period.
In addition, rise in consumer awareness for breast feeding drives the growth of the breast pumps market. Breast milk is natural requirement for infant feeding. In addition, nutritional and immunological qualities of breast milk provides necessary building blocks for brain development and help protect newborns from infection & illness. The consumers for this market segment, specifically lactating mothers, are becoming increasingly aware about benefits and importance of breastfeeding. People are keen on adopting advanced medical technologies in everyday lives, owing to increase in literacy rates across the globe. People in countries, including China and India earlier preferred traditional and natural methods for stimulating milk flow in mother, due to their vast cultural and scientific heritage, unavailability of technologically guided products, and low purchasing power. However, economic growth is significantly growing in these markets, indicating high adoption rates. Thus, factors that drive the growth of breast pump market include increase in awareness regarding the importance of breast feeding along with rise in disposable income and technological advancement in breastfeeding .
For instance, in January 2021, Philips Avent introduced a new electric breast pump inspired by natural feeding process of a newborn. The revolutionary pump, owing to its properties, including rapid, gentle, and hassle-free expression enables mothers to accept the challenges of breastfeeding . As a result, introduction of such products by leading industry players drives the growth of breast pump market.
Market players have invested in various developing breast pumps products that help working women and females who have feeding problems, which further drives the market growth. Breast pumps products, including the Pigeon Corporation, one of the leaders offers wide range of breast pumps, namely, GoMini Double Electric Breast Pump, Electric Breast Pump Pro and Pigeon Manual Breast Pump. Medela offers freestyle double electric pump, swing maxi double electric pump, swing single electric pump, and harmony single manual pump. Thus, increase in availability of wide range of products increases the accessibility for population, driving the growth of breast pump market.
However, high cost of pumps and risk of contamination are expected to restrain the growth of the market. Conversely, high market potential in untapped emerging countries is expected to provide lucrative growth opportunities for the market during the forecast period.
The breast pumps market is segmented on the basis of product type, technology, application, and region. Depending on product type, it is divided into closed system breast pump and open system breast pump. According to technology, it is classified into manual breast pumps, and electric breast pumps. As per application, it is bifurcated into personal use and hospital grade use. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and Latin America, Middle East, and Africa (LAMEA).
The major players profiled in the breast pump market report are Albert Manufacturing USA, Ameda, Inc., Ardo Medical AG., Babybelle Asia Ltd., Hygeia Health, Koninklijke Philips N.V., Linco Baby Merchandise Works Co. Ltd., Olle Larsson Holding AG (Medela), Pigeon Corporation, and Willow Innovations, Inc.
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