Global Breast Pump Market Size Projected to Reach US$ 1,294 Million by 2027
The global breast pump market reached a value of US$ 843 Million in 2021. Looking forward, the market expects to reach US$ 1,294 Million by 2027, exhibiting at a CAGR of 7.2% during 2022-2027.
Breast pumps are medical devices that are used for extracting milk from lactating mothers. They are extensively utilized by working women who want to continue breastfeeding their babies while at work. Breast pumps also help store milk for later use and stimulate its production in case the baby cannot suck milk. Nowadays, breast pumps are available in electrical and manual forms. They have gained traction as they help prevent discomfort, avert the risk of breast infection and engorgement, relieve mastitis, and overcome inverted or flat nipples.
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Competitive Landscape:
The market is characterized by the presence of both regional as well as global players. In order to increase their consumer base and profitability, these manufacturers are investing in the development of innovative products. Some of the leading players operating in the market are:
1. Philips AVENT
2. Pigeon Corporation
3. Medela
4. Ameda, Inc.
5. Hygeia Medical Group II
Market Trends and Drivers:
The market is primarily driven by the increasing awareness regarding the benefits and importance of breastfeeding. Besides this, the growing number of newborns and increasing healthcare expenditure across the globe are also escalating the demand for breast pumps. In addition, the inadequate maternity leave period and the rapid increase in the working women population are also propelling the market growth. Moreover, manufacturers are developing safer and more efficient pumps in collecting milk, which is propelling the sales of breast pumps. For instance, the introduction of double pumping 2-phase expression technology reduces the time of extracting milk and provides maximum comfort. Furthermore, technological advancements in electric breast pumps, coupled with the favorable reimbursement policies offered by governments across various countries,
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Global Breast Pump Market Segmentation:
Market Breakup by Type:
1. Closed System Breast Pump
2. Open System Breast Pump
Based on the type, the market has been segmented into open and closed system breast pumps. Currently, closed system breast pumps represent the most popular type, accounting for the largest market share.
Market Breakup by Technology:
1.Battery-Powered Breast Pump
2. Electric Breast Pump
3.Manual Breast Pump
On the basis of technology, the market has been classified into battery-powered, electric, and manual. Among these, battery-powered pumps are witnessing the fastest growth.
Market Breakup by Application:
1.Hospital
2.Personal Care
Based on application, the market has been segmented into hospitals and personal care. Amongst these, hospitals represent the largest application segment, on account of the increasing access to healthcare facilities, particularly in the developing regions.
Market Breakup by Region:
1.North America
2. Europe
3.Asia-Pacific
4.Latin America
5.Middle East and Africa
Region-wise, North America holds the leading position in the market. Other major regions are Asia Pacific, Europe, Latin America, and Middle East and Africa.
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