Breast Pumps Market Size to rise with a CAGR of 4.6% & Industry value of US$ 2.45 Bn in 2030 | Future Market Insights, Inc. - PharmiWeb.com

2022-09-24 04:21:20 By : Ms. Jessie Lee

Breast Pumps Market Outlook (2022-2030)

[250 Pages Report] During the forecast period of 2022 to 2030, sales of breast pumps are anticipated to increase at a CAGR of 4.6% and reach a market valuation of US$ 2.45 Bn by the end of 2030, up from US$ 1.72 Bn in 2022.

Breast pumps currently account for 58.5% share in the global breastfeeding accessories market. The breast pumps market is predicted to increase in size significantly due to improvements in technology, such as the advent of double breast pumps, which help remove fat content from the milk and replace it with higher caloric value.

Global Market Growth Rate (2022-2030)

Market Share of Top 5 Countries

Breast Pump Demand Analysis (2012 to 2021) Vs Market Outlook (2022 to 2030)

Breast pumps are medical devices that are used to collect milk from the breasts of lactating women. Most employed mothers utilise these gadgets to continue breastfeeding their newborns while continuing at work. When a baby is unable to sip milk, doctors may advise mothers to use breast pumps to stimulate milk production.

Breast milk protects infants from a variety of illnesses since it is their primary source of nutrients. Antibodies or immunoglobulins such as IgA, IgM, IgG, and others are also transferred from mothers to their infants through breast milk.

The breast pumps market progressed at a CAGR of 4.4% from 2012 to 2021.

According to the World Health Organization (WHO), mother’s milk is the best nourishment for babies. Breast pumps are becoming increasingly popular among working mothers. Breast pumps make milk pumping more convenient and save time. As a result of the foregoing factors, the market is likely to expand throughout the forecast period.

Increased global women’s employment rates, improved healthcare facilities in emerging markets, and respective governments’ measures to help working mothers are all driving breast pump market expansion.

Breast pump demand is predicted to increase at a CAGR of 4.6% from 2022 to 2030, with the global market expected to reach a valuation of US$ 2.45 Bn by 2030.

Which Industry Factors are Supporting Breast Pump Sales?

“Increasing Number of Working Women & Product Awareness Driving Demand for Breast Pumps”

In recent years, the global women’s labour force participation rate has increased significantly. The market’s expansion can be attributed to a lack of proper maternity leave, a rapid increase in the number of working women, and a growing knowledge of the benefits and necessity of breastfeeding.

Other crucial variables such as technological advancements in electric breast pumps, increased healthcare spending by respective governments, and favourable reimbursement scenarios will all contribute to the market’s growth.

“Closed System Breast Pumps Most Popular Due to their Advanced Features”

Open breast pumps have been found to be less hygienic than closed breast pumps, thus closed breast pumps have higher utilisation rates because they are more hygienic and contamination-free.

Breast pumps with a closed system create a barrier between the collecting kit and the motor, preventing contamination of the milk collected. The barrier also prevents milk particles from entering the pump tube or a motor, ensuring sterility and preventing contamination.

Breast pumps with a closed system are safer for the child’s health, assure optimum impurity removal, and are simple to clean. Over the forecast period, development of portable instruments such as Ameda HygieniKit by Ameda is expected to fuel market growth.

Which Factors are Responsible for Adversely Affecting Sales of Breast Pumps?

“Low Fertility Rates & Lack of Knowledge in Some Countries May Dent Consumption of Breast Pumps”

In many developing countries, there is a significant level of ignorance about breast pumps, which leads to a low level of acceptance.

Electrical battery breast pumps and hospital grade pumps have high maintenance requirements, and open system breast pumps have a higher risk of contamination. Breast pumps are also expensive, and there is a lack of understanding about them, especially in developing countries.

Spain, Italy, Greece, and Portugal are among the top ten European countries with the lowest fertility rates. Other obstacles impeding the market in developed countries include a hectic lifestyle, late marriages (leading to high-risk pregnancy and lactation problems), diminished fertility, and illnesses such as uterus cancer.

Low- and middle-income countries such as India, Columbia, Mexico, and Africa, on the other hand, suffer social resistance to breast pumps. To begin with, there is a low level of awareness. Second, when it comes to nursing issues, women avoid going to a lactation consultant. Thus all the above factors lead to reduce the sales of breast pumps.

Which Regional Markets are Considered Lucrative for Breast Pump Producers?

“North America Expected to Hold Significant Market Share During Forecast Period”

North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA) are all covered in this breast pumps market study.

The global breast pumps market is expected to be dominated by North America. Women are increasingly relying on breast pumps to feed their infants due to rising healthcare costs, increased government support for nursing, and corporations’ strict maternity leave policies. The market for double electric breast pumps is expected to grow in popularity among North American women.

Breast pump producers find Europe to be a lucrative market, with Russia being the most valuable market in Eastern Europe. High women’s employment rates, rising birth rates, and an increase in the number of milk banks in Europe are all driving the expansion of the Europe breast pumps market.

Top firms in the Europe breast pumps market are Koninklijke Philips N.V. Pigeon Corporation, Ardo, Ameda Inc. Medela, Albert, and Mayborn Group Limited.

The Asia Pacific market is expected to progress at the fastest rate of all the regions. During the projection period, the market is expected to develop due to high birth rates, rising disposable income, and growing working women population. Furthermore, because of the enormous population pool, top breast pump product manufacturers are looking to enter the Asia Pacific breast pumps market.

Which Factors are Boosting U.S. Demand for Breast Pumps?

“High Women Employment Rates & Advanced Healthcare Facilities Aiding Sales of Breast Pumps”

High market penetration of breast pumps in the United States, owing to high women’s employment rates, high healthcare expenditure, and well-established healthcare infrastructure, are the primary drivers driving the market growth.

Working mothers are also permitted to take breaks during work hours to express breast milk for her infant under the Affordable Care Act. Furthermore, legislation enabling public breastfeeding for the protection of mothers and the promotion of infant health is expected to raise knowledge about the benefits of breastfeeding and, as a result, boost the market growth.

Why is Germany Regarded as a Promising Market for Breast Pump Manufacturers?

“Advantageous Maternity Leave Policies Support Breast Pumps Market Growth”

Because of its high breastfeeding rate, growing awareness, and many government programmes, Germany is projected to dominate the market in Europe.

In Germany, pregnant women have the legal right to fourteen weeks of maternity leave (at least six weeks before and eight weeks after childbirth). If your child is born prematurely, had multiple births, or is diagnosed with a disability, you are entitled to eighteen weeks off.

Furthermore, after women return to work, they are entitled to two 30-minute breaks every 8-hour shift to pump breast milk. Breastfeeding is predicted to increase in Germany as a result of such programmes. As a result, the market is expanding rapidly.

The country’s market is being fuelled by rising knowledge of the benefits of breastfeeding, increase in the number of working women, and increase in dual-income households.

Which Key End User of Breast Pumps Dominates the Landscape?

“Increasing Adoption of Breast Pumps in Homecare Settings”

In 2022, homecare settings are expected to account for 61.5% of the global market share. Because of increased awareness of the benefits of breastfeeding and increased adoption of the product due to an increase in women’s work, homecare settings are predicted to develop at the quickest rate.

Breast pumps are popular among homecare settings, followed by healthcare facilities, due to their prominent features and advantages. At present, healthcare facilities are predicted to hold 38.5% of the global market share.

Breast milk provides substantial immune-boosting effects, according to the Centers for Disease Control and Prevention (CDC) and medical experts, for both, battling short-term infections and improving long-term health. Furthermore, studies have shown that breastfeeding moms who had COVID-19 have antibodies in their breast milk, which may help transfer immunity to their newborns.

This demonstrates that nursing by moms was not interrupted during COVID-19, indicating a favourable influence on the market. Even though lockdown and restrictions worldwide created a shortage of breast pumps and affected the supply chain system, during the forecast period, the market is expected to grow significantly.

The market for breast pumps is moderately fragmented and competitive, with both domestic and international companies. As the use of breast pumps grows, global firms such as Philips are developing these products, and it is projected that a handful of well-known and larger companies will enter the market in the future.

Ameda AG, Bailey Medical, Babybelle, Koninklijke Philips NV, Medela AG, Ardo Medical Inc., Beldico, Linco Baby Merchandise Works Co. Ltd, Freemie, Willow, and Pigeon Corporation are some of the leading breast pump system manufacturers.

Key Segments of Breast Pumps Industry Survey

Breast Pumps Market by Product:

Breast Pumps Market by Technology:

Breast Pumps Market by End User:

Breast Pumps Market by Region:

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