This market is majorly driven by rapidly growing working women population which has a direct impact on the use of breast pumps. Increase in birth rates, especially in developing countries indicate surge in number of lactating mothers that form the potential consumer base for the breast pumps. Rise in disposable incomes, due to increase in number of dual income households positively affect the purchasing power of mothers, which, in turn, increases the demand for breast pumps. Moreover, various breast pumps are available that cater the needs of nursing mothers thereby, enabling a greater choice to purchase the product economically. Rise in population of working women and increase in disposable income is expected to positively impact the breast pump market, which will lead to its growth during the forecast period.
In addition, rise in consumer awareness for breast feeding drives the growth of the breast pumps market. Breast milk is natural requirement for infant feeding. In addition, nutritional and immunological qualities of breast milk provides necessary building blocks for brain development and help protect newborns from infection & illness. The consumers for this market segment, specifically lactating mothers, are becoming increasingly aware about benefits and importance of breastfeeding. People are keen on adopting advanced medical technologies in everyday lives, owing to increase in literacy rates across the globe. People in countries, including China and India earlier preferred traditional and natural methods for stimulating milk flow in mother, due to their vast cultural and scientific heritage, unavailability of technologically guided products, and low purchasing power. However, economic growth is significantly growing in these markets, indicating high adoption rates. Thus, factors that drive the growth of breast pump market include increase in awareness regarding the importance of breast feeding along with rise in disposable income and technological advancement in breastfeeding.
For instance, in January 2021, Philips Avent introduced a new electric breast pump inspired by natural feeding process of a newborn. The revolutionary pump, owing to its properties, including rapid, gentle, and hassle-free expression enables mothers to accept the challenges of breastfeeding. As a result, introduction of such products by leading industry players drives the growth of breast pump market.
Market players have invested in various developing breast pumps products that help working women and females who have feeding problems, which further drives the market growth. Breast pumps products, including the Pigeon Corporation, one of the leaders offers wide range of breast pumps, namely, GoMini Double Electric Breast Pump, Electric Breast Pump Pro and Pigeon Manual Breast Pump. Medela offers freestyle double electric pump, swing maxi double electric pump, swing single electric pump, and harmony single manual pump. Thus, increase in availability of wide range of products increases the accessibility for population, driving the growth of breast pump market.
However, high cost of pumps and risk of contamination are expected to restrain the growth of the market. Conversely, high market potential in untapped emerging countries is expected to provide lucrative growth opportunities for the market during the forecast period.
The breast pumps market is segmented on the basis of product type, technology, application, and region. Depending on product type, it is divided into closed system breast pump and open system breast pump. According to technology, it is classified into manual breast pumps, and electric breast pumps. As per application, it is bifurcated into personal use and hospital grade use. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and Latin America, Middle East, and Africa (LAMEA).
The major players profiled in the breast pump market report are Albert Manufacturing USA, Ameda, Inc., Ardo Medical AG., Babybelle Asia Ltd., Hygeia Health, Koninklijke Philips N.V., Linco Baby Merchandise Works Co. Ltd., Olle Larsson Holding AG (Medela), Pigeon Corporation, and Willow Innovations, Inc.
Key Market Segments
By Product Type
- Closed System Breast Pumps
- Open System Breast Pumps
By Technology
- Manual Breast Pumps
- Electric Breast Pumps
By Application
- Personal Use Pumps
- Hospital Grade Pumps
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
Inc.- Medela AG
- Ameda Inc.
- Koninklijke Philips N.V. Inc.
- Pigeon Corporation
- Hygeia Health
- Linco Baby Merchandise Works Co. Ltd.
- Babybelle Asia Ltd.
- Ardo Medical AG.
- Willow Innovations, Inc.
- Albert Manufacturing USA
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
Executive Summary
According to this report titled, 'Breast Pumps Market,' the breast pumps market was valued at $461.10 million in 2020, and is estimated to reach $890.73 million by 2030, growing at a CAGR of 6.8% from 2021 to 2030.Breast pump is a medical device used for extracting milk from the breast of lactating mother. These devices are used mainly by working women to continue breastfeeding while they are at work. In some cases, physicians recommend breast pumps to stimulate milk supply when the baby is unable to latch-on and suckle. Breast pumps might be either manual devices powered by hand motions or automated devices driven by electricity. They can also be used to keep or increase a milk produced by women.
Growth of the breast pumps market is majorly driven by rapid increase in working women population. Breast pumps market trends include increase in birth rates, especially in developing countries, indicate surge in number of lactating mothers that form the potential consumer base for the breast pump industry. Rise in disposable income, due to increase in number of dual income households positively affect the purchasing power of mothers, which, in turn, increases the demand for breast pumps. Moreover, wearable breast pumps are available that cater the needs of nursing mothers, enabling a greater choice to purchase the product economically, thus propelling the breast pumps market growth.
In addition, inadequate maternity leave period and growth in awareness about benefits and importance of breastfeeding drive the growth of breast pumps market. Other factors, including favorable reimbursement scenario, increase in healthcare expenditure by the government, and technological developments in electric breast pumps drive the growth of the breast pump market size.
Moreover, breast pumps market size in developing countries of Asia and Latin America currently have a moderate adoption rate on account of low patient awareness levels. Economic development in these regions coupled with rise in disposable income of patients will help the market ensure future sustainability. Conversely, high market potential in untapped developing countries, rise in various developmental strategies among the key players, and development of pipeline products are expected to provide many opportunities for breast pumps market industry during the forecast period.
Depending on product type, the market is divided into closed system breast pump and open system breast pump. The open system breast pump segment generated maximum revenue in 2020, accounting $237.78 million and is expected to witness highest CAGR of 6.9% during the forecast period.
As per the technology, the market is segmented into manual breast pumps, and electric breast pumps. The electric breast pumps segment generated maximum revenue in 2020, accounting $260.61 million and is expected to witness highest CAGR of 7% during the forecast period.
As per application, the market is bifurcated into personal use and hospital grade use. The market share analysis of personal use segment generated maximum revenue in 2020, accounting 247.52 million and is expected to witness highest CAGR of 7.6% during the forecast period.
North America dominated the market in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to rise in healthcare infrastructure & facilities, surge in adoption of technologically advanced medical products, and presence of key players. However, Asia-Pacific is anticipated to witness notable growth in breast pumps market share, owing to increase in disposable income, surge in healthcare expenditure, and rise in baby boomer population.
KEY FINDINGS OF THE STUDY
- Depending on product type, the open system breast pump segment was the highest contributor to the market in 2020.
- According to technology, the electric breast pumps segment was the highest contributor to the market in 2020.
- As per application, the personal use segment was the highest contributor to the market in 2020.
- Region-wise, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Companies Mentioned
- Medela AG
- Ameda Inc.
- Koninklijke Philips N.V. Inc.
- Pigeon Corporation
- Hygeia Health
- Linco Baby Merchandise Works Co. Ltd.
- Babybelle Asia Ltd.
- Ardo Medical AG.
- Willow Innovations, Inc.
- Albert Manufacturing USA
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 150 |
Published | April 2022 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 461.1 million |
Forecasted Market Value ( USD | $ 890.73 million |
Compound Annual Growth Rate | 6.8% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |