Breast Pump Market Size, Share Industry Analysis by Future Demand, Top Players, Opportunities, Revenue and Growth Rate Through 2030


Posted June 15, 2024 by Shitalmax

Breast Pump Market size was valued at USD 2.80 Billion in 2023 and the total Breast Pump Revenue is expected to grow at a CAGR of 9.1 % from 2024 to 2030, reaching nearly USD 5.15 Billion in 2030.

 
Anticipated Growth in Revenue:

The Breast Pump Market has been witnessing robust growth over recent years, with increasing awareness and acceptance of breastfeeding coupled with the rising working female population driving the demand. Valued at USD 2.80 billion in 2023, the market is projected to expand at a Compound Annual Growth Rate (CAGR) of 9.1%, reaching approximately USD 5.15 billion by 2030. This significant growth trajectory highlights the evolving dynamics and expanding opportunities within the industry.

Breast Pump Market Overview:

Breast pumps are essential devices that help lactating mothers extract milk, providing flexibility and convenience for feeding their infants. The market is primarily driven by the growing awareness regarding the benefits of breastfeeding and the necessity for working mothers to continue providing breast milk to their infants despite their busy schedules. Additionally, technological advancements in breast pump design and functionality have enhanced the user experience, further propelling market growth.

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Report Scope and Research Methodology

The comprehensive market report encompasses detailed insights into various aspects of the breast pump market. The scope includes an analysis of market dynamics, segmentation, regional insights, and the competitive landscape. The research methodology employed involves a blend of primary and secondary research. Primary research includes interactions with industry experts, manufacturers, and key stakeholders, while secondary research involves extensive analysis of industry reports, company publications, and reliable databases. The combination of these methodologies ensures the accuracy and reliability of the market insights presented.

Market Dynamics

Several dynamic factors influence the growth of the breast pump market. The increasing prevalence of working mothers globally is a significant driver, as it creates a higher demand for convenient breast milk extraction solutions. Moreover, rising awareness about the nutritional benefits of breastfeeding over formula feeding is encouraging more mothers to opt for breast pumps.

Technological advancements have also played a crucial role in shaping market dynamics. Modern breast pumps are equipped with features such as adjustable suction levels, portability, and enhanced comfort, which cater to the diverse needs of mothers. Additionally, supportive government initiatives and policies promoting breastfeeding have positively impacted market growth.

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Breast Pump Market Segmentation :

by Product

Closed system
Open system

by Technology

Manual
Battery powered
Electric

by Application

Personal use
Hospital grade

Breast Pump Market Regional Insight

Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America: North America holds the largest market share due to the high awareness and acceptance of breast pumps, coupled with supportive healthcare policies and a substantial working mother population.

Europe: Europe follows closely, with increasing government initiatives promoting breastfeeding and a high standard of living contributing to market growth.

Asia Pacific: The Asia Pacific region is expected to witness the highest growth rate during the forecast period. Factors such as the rising number of working women, improving healthcare infrastructure, and growing awareness about breastfeeding benefits are driving market expansion in this region.

Latin America and the Middle East & Africa: These regions are also anticipated to experience steady growth due to improving economic conditions and increasing efforts to promote breastfeeding practices.

Some of the current players in the Breast Pump Market are:

1. Medela LLC (Switzerland)
2. Ardo Medical AG (Switzerland)
3. Philips Avent (Netherlands)
4. Ameda Inc. (United States)
5. Spectra Baby USA (United States)
6. Lansinoh Laboratories (United States)
7. NUK USA (United States)
8. Hygeia Health(United States)
9. Evenflo Feeding (United States)
10. BelleMa (United States)
11. Acelleron Medical Products (United States)
12. Bailey Medical Engineering (United States)
13. Freemie (United States)
14. Willow (United States)
15. Snow Bear (China)
16. RealBubee (China)
17. Mayborn Group Limited (United Kingdom)
18. Tommee Tippee (United Kingdom)
19. Chicco (Italy)
20. Pigeon Corporation (Japan)

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Key Offerings:

Past Market Size and Competitive Landscape
Breast Pump Market Size, Share, Size & Forecast by different segment
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Breast Pump Market Segmentation – A detailed analysis by Product
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Issued By MMR
Country India
Categories Health
Tags breast pump market industry breast pump market size breast pump market share breast pump market growth breast pump market trend breast pump market dyn
Last Updated June 15, 2024