PUBLISHER: The Insight Partners | PRODUCT CODE: 1874016
PUBLISHER: The Insight Partners | PRODUCT CODE: 1874016
The breast pump market is anticipated to grow from US$ 3.93 billion in 2024 to US$ 7.84 billion by 2031, reflecting a compound annual growth rate (CAGR) of 14.9% during the period from 2031 to 2031. This growth is largely driven by advancements in healthcare systems in developing regions and government initiatives aimed at supporting working mothers.
Breast Pump Market Analysis
In today's fast-paced world, working women often find it challenging to breastfeed their infants due to demanding work schedules. Many mothers experience low milk production, as lactation is often stimulated when the baby is close to them. However, milk production can be enhanced through stimulation, allowing for the collection and storage of excess milk for later use. Electric breast pumps facilitate this stimulation, enabling mothers to store milk for future feedings. The increasing employment rate among women globally, along with rising educational attainment, is further promoting female workforce participation.
Breast Pump Market Overview
A breast pump is a medical device designed to extract milk from a lactating woman's breast. There are two main types: handheld and wearable breast pumps, which can be either battery-operated or manual. These devices are particularly popular among working women or those who spend significant time away from their babies. They feature adjustable suction levels for comfort and come in single or double pump configurations, allowing for efficient milk storage. The growth of the breast pump market is being fueled by the rising number of working women in developing nations, an increase in cesarean deliveries, and a higher incidence of premature births. Additionally, growing awareness of breast pump usage in countries like India, China, Italy, and Spain, along with technological advancements by manufacturers, is creating further opportunities for market expansion.
Strategic Insights
Breast Pump Market Drivers and Opportunities
Increasing Birth Rate
The global population is projected to continue its growth, especially in developing countries with significant potential. This demographic trend, combined with rising birth rates, is expected to have a substantial impact on the breast pump market. The increasing population and birth rates signify a growing consumer base for breast pumps, making this a critical factor in the market's anticipated growth.
Growing Number of Breast Milk Banks
In developed nations, there is a growing network of human milk banks that assist mothers with low milk production. These banks require stringent sterilization and pasteurization processes to ensure the safety of the milk provided to infants. They offer memberships to women who can donate surplus milk, thereby enhancing infant health. Consequently, the expansion of breast milk banks is likely to present significant opportunities for the breast pump market in the coming years.
Breast Pump Market Report Segmentation Analysis
The breast pump market analysis is segmented based on technology, type, and distribution channel.
By technology, the market is categorized into manual and electric breast pumps.
By type, it is divided into closed system and open system breast pumps.
Regarding distribution channels, the market is segmented into consumer stores and online sales.
Breast Pump Market Share Analysis by Geography
The breast pump market report covers five key regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America currently holds the largest share of the global breast pump market, driven by factors such as increased support for breastfeeding among women and a growing number of working mothers. Legislative measures that promote breastfeeding in public and government initiatives supporting working women are propelling market growth in the U.
S. Programs like the Fair Labor Standards Act facilitate breast pumping in the workplace, contributing to market expansion. Canada is also expected to see growth in its breast pump market due to a rising number of women and increased adoption of breast pumps, supported by laws that encourage breastfeeding for the first six months. However, the Asia Pacific region is projected to experience the highest CAGR during the forecast period.
Breast Pump Market Report Scope
Breast Pump Market News and Recent Developments
The breast pump market analysis is based on qualitative and quantitative data collected through primary and secondary research, including corporate publications, association data, and databases. Recent developments in the breast pump market include:Pigeon has announced the launch of its second-generation Go Mini Electric Breast Pump, the Go Mini(TM) Plus, designed for modern mothers on the go, promising an enhanced pumping experience. (Source: Pigeon Corp, Newsletter, Nov 2023)Willow Innovations, Inc. has expanded its presence in Target, offering a range of breastfeeding products, including its award-winning pumps and feeding accessories, along with a new Find Your Flow Feeding Kit that provides essential support for breastfeeding challenges. (Source: Willow Innovations Inc, Newsletter, Apr 2024) Breast Pump Market Report Coverage and Deliverables
The "Breast Pump Market Size and Forecast (2021-2031)" report provides a comprehensive analysis of the market, covering the following areas:Market size and forecast at global, regional, and country levels for all key segments.
Market trends and dynamics, including drivers, restraints, and opportunities.
Detailed PEST/Porter's Five Forces and SWOT analysis.
Market analysis covering key trends, global and regional frameworks, major players, regulations, and recent developments.
Industry landscape and competition analysis, including market concentration, heat map analysis, prominent players, and recent developments.
In-depth company profiles.