Number of pages: 100 | Report Format: PDF | Published date: December 01, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
US$ 1.76 billion |
Revenue forecast in 2030 |
US$ 2.52 billion |
Growth Rate |
CAGR of 4.58% from 2022 to 2030 |
Base year for estimation |
2021 |
Forecast period |
2022-2030 |
Segments covered |
Product, Technology, Application, and Region |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global breast pumps market was pegged at US$ 1.76 billion in 2021 and is expected to witness a CAGR of 4.58 % during the forecast period
Market Fundamentals
Breast pumps is a medical device used for extracting milk from lactating mother. The device consists of three main components breast shield, pump, and milk container. Using breast pumps can help mothers produce more milk. It can also assist in producing a surplus of milk that can be stored in the freezer in case it is required. Furthermore, as employment rates for women’s are highly increasing, new mothers are expected to be the major consumer for breast pumps.
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Market Dynamic
Rising birth rate is the primary factor increasing the breast pumps market. The improvement of healthcare infrastructure worldwide and technological advancements in breast pumps in recent years are other factors supporting the growth of the global breast pumps market. There will certainly be an increase in demand for breast pumps globally as a result of several government efforts aimed at raising consumer awareness about the benefits of breastfeeding. Recommendation by physicians to use the device when mother is unable to produce enough milk is also supporting market growth. High cost of breast pumps can limit the market growth in low-and middle-income countries.
Market Ecosystem
The global breast pumps market has been analyzed from four perspectives: by product, technology, application, and region
Breast Pumps Market by Product
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The global breast pumps market according to product is segmented into open system breast pump and closed system breast pump. The closed breast pumps market held majority of market share in year 2021. The closed breast pumps provide a barrier between the collection kit and the pumping component which prevents contamination. Further, a closed system breast pump has a barrier that prevents overflow of milk from entering the pump system. Closed breast pumps is an appropriate choice for trending practice of renting breast pumps by many hospitals, specialty medical supply, and medical drugs.
Breast Pumps Market by Technology
Based on technology, the global breast pumps market is grouped into powered breast pump, manual breast pump, and electric breast pump. The electric breast pump held majority of the market share in 2021, whereas the manual breast pump segment is expected to show high growth in the forecast period. Electric pumps have been acknowledged as the most profitable segment. This can be attributed to improved technology, user friendliness, and efficiency. Battery-powered pumps were shown to be a common choice among women who were exclusively breastfeeding. Given that they are lighter, easier to move, less expensive, and don't need an electrical outlet, these gadgets are used by a wider segment of the population. Low cost of manual breast pumps is the major factor influencing the market.
Breast Pumps Market by Application
Based on application, the global breast pumps market is expected to personal use, and hospital grade. Hospital grade has dominated the market. Many personal-use pumps lack the strength and efficiency of hospital-grade pumps. This increased strength more closely resembles baby's natural stimulation and milk removal, which is beneficial for mothers during the first few weeks while they are still developing a milk supply. The high demand of Medela Symphony in hospital grade is expected to increase the segment growth.
Breast Pumps Market by Region
Regionally, the global breast pumps market has been segmented into North America, Europe, Asia Pacific, and rest of the world. North America is leading the market throughout the forecast period due to increased female employment and the huge presence of key players operating in the industry. Additionally, due to factors including an increase in product releases and government measures to spur the market's growth in the analyses region, the United States is a significant contributor to regional growth. Each year, the number of newborns increases in Asia Pacific countries like China and India. Government in this region are putting a lot of effort into improving breast pump technology by increasing healthcare spending and infrastructure, which is expected to open up a lot of opportunities in the future.
Competitive Landscape
Some of the prominent players operating in the breast pumps market are
Breast pumps is a medical device used for extracting milk from lactating mother. The device consists of three main components breast shield, pump, and milk containers.
Rising birth rate is the primary factor increasing the breast pumps market. The improvement of healthcare infrastructure worldwide and technological advancements in breast pumps in recent years are other factors supporting the growth of the global breast pumps market. There will certainly an increase in demand for breast pumps globally as a result of several government efforts aimed at raising consumer awareness of the benefits of breastfeeding. Recommendation by physicians to use the device when mother is unable to produce enough milk is also supporting market growth.
Some of the prominent players operating in the breast pumps market are Bailey Medical, Ameda AG, Koninklijiye Phillips NV Medela AG, Ardo Medical AG, Mayborn Group, Hygenia LLC, Pigeon Corporation, Acewin Co. Ltd., and Linco Baby Merchandise Works Co., Ltd. among others.
High cost of breast pumps can limit the market growth in low- and middle-income countries.
The global breast pumps market was pegged at US$ 1.76 billion in 2021 and is expected to witness a CAGR of 4.58 % during the forecast period.
*Insights on financial performance is subject to availability of information in public domain