The global breast pump market size was significantly robust in 2023 and is expected to register steady revenue CAGR over the forecast period. Growing demand for breast pumps from hospitals and for personal use, as well as technological developments in the packaging industry are key factors expected to drive market revenue growth over the forecast period. The availability of supportive government measures in various developed countries of the world is set to propel growth. In the United States, for instance, there is a clause requiring insurance companies to entirely cover the purchase of breastfeeding-related equipment and services, such as breast pumps and lactation counselling. The clause does not require the patient to spend money on such products and hence, the demand for breast pumps in increasing rapidly in this country.
The high consumer demand, on the other hand, is further creating issues for manufacturers and retailers present in the United States. They are not able to keep up with their inventories and manage stocks. At the same time, norms and clauses can vary from one country to the other. A lack of health plan covering the cost of such products may affect market growth. But, these products are intended to be highly cost-effective for end-users.
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Manufacturers investing huge sums in these quickly growing areas can expect to see significant growth if their pricing and distribution strategies are effective. Increasing awareness and relevance of breastfeeding is set to help the industry to grow in the upcoming years. Rising awareness regarding the benefits of breastfeeding among mothers across the globe is expected to surge demand for latest products and technology. Also, companies are striving persistently to provide mothers with easy access to their advanced products.
At the same time, more and more key enterprises and start-up companies are entering this market, especially in developing regions. Apart from that, rising employment rate of women is likely to aid growth. According to Eurostat, women\’s employment climbed in most European nations from 1993 to 2016, rising from 40% in 1993 to 65% in 2016. In Ireland, for example, it increased from 40% in 1993 to 65% in 2016. These are some key factors expected to fuel revenue growth of the market over the forecast period. Also, breast pumps provide various advantages to working mothers. The milk can be stored, filtered, and fed according to right timings.
In developing nations, awareness of these devices is relatively low. Besides, visibility of breast pump items is currently low in retail and pharmacies. This is majorly occurring due to less manufacturing by independent entities or comparably poorly recognized breast pump manufacturers. To meet the growing demand for manual and electric breast pumps, industrialized countries have currently emerged as freestanding breast pump manufacturers.
The closed system product type segment, which accounted for more than 65 percent of total revenue in 2020, is likewise expected to grow at the quickest rate over the projected period. This increase can be linked to the fact that these systems are more hygienic and contamination-free, thereby resulting in surging usage rates among women. These products also possess several beneficial properties. They have very low risk of mold formation. Hence, the closed system product segment is expected to increase significantly over the projected period.
Based on applications, the global market has been segmented into personal use and hospital-grade. In 2020, the hospital-grade application segment held the highest revenue share of almost 60%. Over the projected period, this segment is expected to grow at the quickest CAGR. Hospital-grade breast pumps are increasingly used across the globe, which, in turn, is set to be a primary driver of this segment’s expansion. Favourable government programmes and increasing employment rate of women are some of the other factors helping to boost growth of this segment.
Established economies, such as the United States, Germany, France, and Australia are saturated because of rising demand for these products and the existence of significant market participants in these countries. The adoption rate in emerging Asian and Latin American nations is currently sluggish. Nevertheless, market growth in these regions is expected to be fuelled by rapid economic development. Along with this, increased disposable income of patients and unmet medical needs would also contribute to growth.
Companies Profiled in the Report:
Some key brands in this industry include Purely Yours Ultra Breast Pump by Ameda AG and Isis iQ Duo Breast Pump by Philips AVENT. Besides, technological advancements and the introduction of portable instruments, such as Platinum electric breast pump by Ameda and Electric swing breast pumps by Medela, are expected to drive growth of these companies in the upcoming years.
Segments Covered in the Report:
This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global breast pump market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global breast pump market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Type Outlook (Revenue, USD Billion; 2023-2032)
- Open System
- Closed System
Application Outlook (Revenue, USD Billion; 2023-2032)
- Personal Use
Regional Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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