Breast Pump Market - Forecasts from 2022 to 2027

The breast pump market was evaluated at US$880.994 million in 2020 and is growing at a CAGR of 6.71% to reach a market size worth US$1388.345 million by the year 2027.

The key benefits of breast pumps are storage filtration and breast milk, thereby ensuring the efficient management of feeding the baby, especially when it comes to working women. Due to the user-friendly reimbursement policies in developed economies, the breast pump is poised to witness healthy growth during the forecast period. Further, under the purview of the Affordable Care Act, the environment for switching over to this form of breastfeeding has been made even more possible in the USA. Additionally, the growing rate of women's employment is expected to further throttle the demand for this market during the forecast period.

Furthermore, the increasing efficiency of healthcare infrastructure in emerging economies, combined with an increase in the occurrences of lactation failure, is expected to drive the global adoption of breast pumps. Concerning the growing capacity of bearing medical expenses, from the perspective of both individuals and the administration (government), the following development has the potential to partially augment the growth of the breast pump market. Concerning the People's Republic of China, the premium of primary insurance received by the insurance companies was to the tune of 4,264. billion yuan in 2019, which was an increase of 12.2 % over that of the previous year. Out of this entire sum of life insurance, primary insurance amounted to 2,275.4 billion yuan, and health and casualty insurance premiums of primary insurance were to the tune of 824.1 billion yuan. Additionally, the insurance companies paid an indemnity worth 1,289.4 billion yuan, of which, life insurance indemnity was 374.3-billion-yuan, health, and casualty insurance indemnity 264.9 billion yuan, among others. Thereby it outlines the fact there has been room for expenditure on healthcare in China.

Based on type, during the projected period, the closed system sector is expected to develop at the fastest rate. The increased utilization rates are mostly because these systems are more hygienic and contamination-free. Closed breast pumps are quickly displacing open systems, and their market share is likely to grow. Breast pumps with a closed system have a lid or layer that functions as a barrier between the collecting kit and the pumping unit, or motor, preventing contamination of the milk collected. The milk particles are also kept out of the pump tube and motor by this protective coating. These gadgets are safer for a child's health, assure optimum impurity removal, and are simple to clean.

Because of the presence of elevated women's employment rates, healthcare expenditure, advanced healthcare infrastructure, & patient awareness levels, North America is expected to lead the global market in terms of revenue share. Additionally, the leading market participants are releasing technically sophisticated breast pumps, which will expand the market overall over the projection period. For instance, Koninklijke Philips N.V. offers an electric breast pump with a soothing massaging cushion and a warm sensation when collecting milk from the breast.

Recent Developments and expansions

• Medela AG announced the debut of Solo, a compact and simple-to-use single electric breast pump, in January 2022.
• Medela and Aeroflow Breastpumps unveiled a dream at-home breastfeeding & pump room makeover accessible to moms across the United States in November 2020.
• Willow launched a revolutionary wearable breast pump for women in September 2020 and raised US$ 55 million to expand its business line to include more options for new mothers.
• In June 2020 Lansinoh announced the “Pump It Forward” breast pump donation campaign. As a part of this campaign, when someone purchases a Lansinoh Smart Pump 2.0 from Lansinoh.com, Target.com, or Walmart.com, a double electric breast pump will be donated to Good+Foundation by the company as a commitment toward ensuring that low-income parents have the tools they need to feed and care for their children.
• Elvie, the health and lifestyle brand developing smarter technology for women, announced in January 2020, that it launched its Insights app feature for Elvie Pump. Now, in addition to being the smallest, lightest, and quietest wearable breast pump, this feature endows the users with the benefit of observing and understanding their pumping data.
• In January 2020, Willow, the inventor of the world's first all-in-one, in-bra quiet wearable pump, which is the only one to offer true spill-proof mobility, announced the Willow Generation 3 will be made available in spring 2020, which extends the benefit of pumping relatively more milk on average.

COVID-19 Impact

As a result of the COVID-19 epidemic, the market has suffered a setback. Countries opened their international borders with the introduction of COVID-19 vaccinations, stabilizing the supply chain during the post-pandemic period. In addition, after the pandemic, the birth rate soared. Some researchers at the University of Michigan Health System, for example, expected that births would rebound, resulting in a normal birth volume. As a result, in the future years, the market for breast pumps is projected to see a modest increase in demand.

Segmentation

By Type

• Open System
• Closed System

By Technology

• Manual Pump
• Battery Operated Pump
• Electric Pump

By End-User

• Personal
• Hospital

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Middle East and Africa
• Israel
• Saudi Arabia
• Asia Pacific
• China
• Japan
• South Korea
• India
• Indonesia
• Taiwan