The Breast Pumps Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Breast Pumps Global Market Report 2024, The breast pumps market size has grown rapidly in recent years. It will grow from $1.15 billion in 2023 to $1.3 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to maternal employment rates, breastfeeding advocacy, legislative support, healthcare initiatives, postpartum health focus, social and cultural influences.
The breast pumps market size is expected to see rapid growth in the next few years. It will grow to $2.01 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to global health initiatives, workplace inclusivity, sustainable products, economic empowerment, family structure changes. Major trends in the forecast period include smart breast pump technology, portable and wearable breast pumps, customizable pumping experience, telehealth integration for lactation support, sustainable and eco-friendly pumping products.
An increase in the global women’s employment rate is contributing to the growth of the breast pump market. There has been visual progress in terms of employment opportunities for women in recent years. According to monthly data published by the Bureau of Labor Statistics (BLS), women’s labor force participation rate of ages 16 to 19 was 37.2 % in 2022. The breast pumps offer a convenient option for employed women to continue breastfeeding their babies while still at work. Therefore, the increasing global women’s employment rate added to the breast pumps market growth.
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The breast pumps market covered in this report is segmented –
1) By Product: Open System Breast Pump, Closed System Breast Pump
2) By Technology: Manual Breast Pump, Battery Powered Breast Pump, Electric Breast Pump
3) By Application: Personal Use, Hospital Grade
Major companies operating in the breast pumps market are focused on developing innovative solutions such as wearable breast pumps. A wearable breast pump is a type of breast pump designed to be worn directly on the body, allowing lactating individuals to express milk hands-free and with increased mobility. For instance, in June 2023, Momcozy, a US-based maternity and nursing products manufacturing company launched the cutting-edge ‘M5 Wearable Breast Pump’. It is designed to offer a premium pumping experience, tailored for mothers who are actively engaged in their busy breastfeeding routines. The M5 wearable breast pump features a unique baby mouth-shaped design with a precise angle of 105 degrees and a soft silicone flange. Additionally, the M5 includes the exclusive vibration suction mode, designed to stimulate milk flow and elevate the overall pumping experience.
The breast pumps market report table of contents includes:
1. Executive Summary 2. Breast Pumps Market Characteristics 3. Breast Pumps Market Trends And Strategies 4. Breast Pumps Market – Macro Economic Scenario 5. Global Breast Pumps Market Size and Growth . . . 32. Global Breast Pumps Market Competitive Benchmarking 33. Global Breast Pumps Market Competitive Dashboard 34. Key Mergers And Acquisitions In Breast Pumps Market 35. Breast Pumps Market Future Outlook and Potential Analysis 36. Appendix
Top Major Players
• Tommee Tippee International Limited
• Koninklijke Philips N.V.
• Goodbaby International Holding Ltd.
• Jarden Corporation
• Energizer Personal Care LLC
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