Breast Pumps Market | Global Industry Analysis, Size and Forecast, 2023

Market-Research

Breast Pumps Market Overview Study:

The breast pump is a medical device used by lactating mothers to extract breast milk. This prevents discomfort for the lactating mother and is also a safe option to save the milk for the baby in a safe, hygienic manner. Essentially, for working women, who would not be available to feed their child, and mothers who do not have enough breast milk to stimulate flow, breasts pumps are a real boon. Currently, there are two available variants, the closed system breast pump and the open system breast pump. They are further available in battery operated, electric and manual formats with the battery-operated taking majority share in the past few years because of its ease of usage. Apart from being used by mothers individually, hospitals are now bringing in the breast pump to help raise awareness and aid new mothers in the process of lactating, in case the mother cannot feed the child directly because of a medical complication, personal reasons, prematurity or logistical issues.

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Breast Pumps Market Value Report:

Breast Pumps Market was worth USD 0.66 billion in the year 2012 and is expected to reach approximately USD 1.42 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 7.18% during the forecast period.

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Breast Pumps Market Geographical Report:

Geographically, the market is segmented to North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America dominates the market with the high employment rate of women and the prevalent awareness in general. Also, increasing breast milk banks, breast milk donors are making the market attractive for mothers in this region. The Asian market is also expected to grow substantially because of its adoption of new technologies and focus of women and child healthcare.

Breast Pumps Market Key Growth Factors:

With the rising number of women, going back to work soon after a delivery, the breast pump has become an essential that comes with pregnancy period. Efforts to increase the overall awareness of the benefits of breast feeding for both mother and child, are being attempted. Work places are recognizing the need for a dedicated space for lactating mothers and are cooperating towards this aspect. Additional technological advancements have added an element of nutrition to the pumped breast milk by eliminating fat content from the milk and substituting it with a higher caloric value that helps the baby grow. Apart from the increasing employment among women and favourable demographics, government initiatives like Baby Friendly Hospital Initiatives (BFHI) is expected to boost the market substantially in the years to come.

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Breast Pumps Market Key Players:

The market is oligopolistic and has a handful of players dominating the market. Some of the dominant manufacturers are Philips Avent, Pigeon Corporation, Medela, Ameda, Mayborn Group Limited, Spectra Baby USA Hygeia Medical Group II, etc.

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