BREAST PUMP MARKET TO EXPERIENCE HIGH GROWTH, OWING TO THE INCREASING NUMBER OF WORKING WOMEN
The Global Breast Pump Market is expected to reach market valuation of US$ 3.2 billion by 2027 expanding at a significant CAGR of 10.4% during the forecast period (2021-2027) from US$ 1.4 billion in 2019. Growing women participation in the workforce is expected to drive the market. According to a research article by Mi Kyung Le, published in the International Journal of Environmental Research and Public Health in January 2020, approximately 800,000 lives could be saved by improving breastfeeding rates and duration.
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A breast pump refers to a medical device which is mainly used for drawing out milk from the breast of the female mothers. The milk collected in such pump can be used later. Such devices are generally used by working women to carry on breastfeeding their babies while still at work. In some situations, when the infant is facing difficulty in sucking milk, doctors advise women for usage of a breast pump to stimulate milk supply. The rising number of infants’ worldwide and increasing women employment is likely to drive the breast pumps market over the recent years. Also, the growing technological progression in medical devices and surge in the healthcare outflow will boost to the market. Furthermore, the growing number of women joining the workforce and the initiation of the concept of human milk banks are likely to fuel the market during the forecast period. Factors such as growing fertility-related issues, declining birth rates as well as availability of breast milk substitutes are likely to hinder the growth of the market.
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Impact of Covid-19
The COVID-19 virus can survive on surfaces like glass, metal, or plastic for up to three days, but the transfer of the virus can be reduced with cleaning and use of disinfectants. Moreover, closed breast pumps are cleaner than open breast pumps. This shows that closed breast pumps are expected to witness a rise in demand during the pandemic.
Based on Technology, Global Breast Pump Market is classified into manual, battery power and electric categories. Electric pumps segment dominated the market with more than 45% share in 2020. The electric products are powered by a motor and provide a lot more suction, making pumping significantly faster. Although, Electric pumps can be heavy and difficult to carry and noisy but manufacturers continue to use advanced technology to create lightweight products that generate lesser noise. Based on application, the Global Breast Pump Market has been classified into personal use and hospital use. Hospital-grade application segment held the largest revenue share in 2020. The increase in the usage of hospital-grade breast pumps is the major factor driving the segment growth. Several factors, such as favorable government initiatives and an increase in women’s employment rate, are also promoting the segment’s growth.
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For better understanding of the overall adoption and penetration of breast pump, the report provides detailed analysis of major regions including North America (US, Canada, Rest of North America), Europe (Germany, France, UK, Spain, Italy, Rest of Europe), Asia Pacific (China, Japan, India, Australia, Rest of APAC) and Rest of the World. North America having the largest market share dominates the breast pump market. Growing awareness about breast pump medical devices, increasing number of breast milk banks, rising breast milk donors are the other driving factors for the breast pump market in the region. The Asian market is poised to grow at the highest rate during the forecast period owing to increasing government investments in the healthcare sector and increasing healthcare expenditure in the region. Leading players included in the report are Ameda, Pigeon Corporation, Medela Inc., Philips, Hygeia Medical Group, Mayborn Group, Babybelle, Lansinoh Laboratories, Linco Baby Merchandise Works Co., Ltd, Whittlestone, Inc.
Global Breast Pump Market Segmentation
Market Insights, by Product Type
- Open System
- Closed System
Market Insights, by Technology
Market Insights, by Application
- Personal Use
- Hospital Use
Market Insights, by Region
- North America Breast Pump Market
- United States
- Rest of North America
- Europe Breast Pump Market
- United Kingdom
- Rest of Europe
- Asia-Pacific Breast Pump Market
- Rest of World Breast Pump Market
Top Company Profiles
- Pigeon Corporation
- Medela Inc.
- Hygeia Medical Group
- Mayborn Group
- Lansinoh Laboratories
- Linco Baby Merchandise Works Co.,Ltd
- Whittlestone, Inc.