WASHINGTON, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Global Breast Pump Market is expected to gain market growth in the forecast period of 2022 to 2028. Vantage Market Research analyses that the market is growing at a CAGR of 7.9% in the forecast period of 2022 to 2028 and is expected to reach $ 2,729.2 Million by 2028.
Vantage Market Research has recently published a Report, titled, Breast Pump Market The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. In the leading breast pump market report, the market research analysis is drawn from the consistent knowledge of what the market expects, what is already available, the competitive environment, and what can be done to outshine the competition. Quality insights about the market research are delivered here by keeping in mind the way people live, believe, and expend. This market research study helps to decide the use of technologies, the acquisition strategies to be employed, and the things required to build and uphold a brand image. An exceptional breast pump market report assists clients in all possible ways to make strategic decisions and accomplish growth objectives.
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Market Dynamics:
Driver:
Authorities and Worldwide Companies initiative to Assist Working Mothers Drives the Market
Increasing consumer awareness and government support for working mothers are expected to drive global demand for the Breast Pump Market. For example, the New-born-Friendly Hospitals Initiative (BFHI), which promotes evidence-based practices for successful breastfeeding, was established by the United Nations Children's Fund (UNICEF) and the World Health Organization (WHO) to improve breastfeeding rates and help families achieve their breastfeeding goals. Likewise, most insurance plans are now required to cover specified breastfeeding supplies and aids, such as breast pumps, under the Affordable Care Act. So, such initiatives will increase the use of these products. As a result, purchasing these products becomes easier for the end user, leading to an increasing demand for the Breast Pump Market. Governments encourage mothers to breastfeed their babies until they are 6 months old. In addition, many international agencies organize breastfeeding awareness campaigns. Various market players, such as Medela LLC, Laura & Co., Newell Brands and Ameda, as well as universities, including the University of Washington and Fudan University, are educating women about Breastfeeding and its benefits by organizing campaigns and providing informative magazines, which is also expected to drive the growth of Breast Pump Market.
Ascending Women’s Employment Rate Drives the Market
The growth of the breast pump market is driven primarily by the increasing number of women working around the world. Working women primarily use these devices to continue breastfeeding during work. Many women find it convenient to store their milk after returning to work, traveling, or leaving the baby. Some breast pumps are designed to resemble feeding an infant. Breast pumps have become a viable option for working women, and portable breast pumps are also conveniently designed. In addition, according to the World Employment Department, the participation rate of women in the world in 2018 was about 48.5%, which is 26.5% lower than the participation rate of men. The unemployment rate in the world for women is 0.8% higher than that for men. In addition, many working mothers use milking pumps to squeeze milk and feed their babies while they are absent from work. Therefore, rising female employment rates are significantly driving the growth of the milking machine market.
List of Prominent Players in the Breast Pump Market:
- Ameda (Magento Inc.)
- Hygeia Health
- Medela AG
- Koninklijke Philips N.V.
- Lansinoh Laboratories Inc.
- Pigeon Corporation
- Motif Medical
- Chiaro Technology Limited (Elvie)
- Willow Innovations Inc.
- Spectra Baby USA.
For Additional Information on Breast Pump Market Players and Detail List, Download a Report PDF Brochure
Segmentation of the Global Breast Pump Market:
- Product
- Open System
- Closed System
- Technology
- Manual Pumps
- Battery Powered Pumps
- Electric Pumps
- Application
- Personal Use
- Hospital Grade
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Recent Developments:
May 2019: Spectra Baby USA has launched the first multi-user, hospital-grade breast pump for use in hospitals, obstetric centres and home care facilities.
October 2017: Olle Larsson Holding, the parent company of Medela, acquired Moxxly to redesign and improve the breast pump designs and add novel breast pump devices in Medela AG`s product portfolio.
April 2021: Airbus will replace the mechanical rudder controls on A320neo-family aircraft, switching to a full electric rudder system by early 2024. The modification will coincide with the entry into service of the long-range A321XLR developed with the ‘E-rudder’ architecture in mind.
Browse market data Tables and Figures spread through 145 Pages and in-depth TOC on Breast Pump Market Forecast Report (2022-2028).
Regional Analysis:
North America Holds Largest Market Share
North America accounted to have largest growth for Breast Pump Market in 2021. This growth is accounted for owing to increasing awareness of breast-feeding, advanced healthcare infrastructure and better access to these devices in this region. In addition, increased market penetration of breast pumps in the region, high female employment rates, medical costs, advanced medical infrastructure, and patient awareness are some other reasons for the Breast Pump Market growth in this region. Also, key players in this sector are developing technologically enhanced products that are set to boost the entire market over the forecast period.
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Scope of the Report:
| Report Attributes | Details |
| Market Size in 2021 | USD 1729.5 Million |
| Revenue Forecast by 2028 | USD 2729.2 Billion |
| CAGR | 7.9% from 2022 to 2028 |
| Base Year | 2021 |
| Forecast Year | 2022 to 2028 |
| Key Players | Ameda (Magento Inc.), Hygeia Health, Medela AG, Koninklijke Philips N.V., Lansinoh Laboratories Inc., Pigeon Corporation, Motif Medical, Chiaro Technology Limited (Elvie), Willow Innovations Inc., Spectra Baby USA |
| Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options |
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