Global Breast Pumps Market
Global breast pumps Market was estimated at USD 496.43 million in 2021, with a CAGR of 6.9% projected over the forecast period. The rise in insurance coverage for wearable breast pumps, increased product awareness, and advancements in breast pump technology are a few of the major factors supporting the growth of the wearable breast pumps market. According to the US Department of Health and Human Services, under the Affordable Care Act (2010), most health insurance companies are required to cover the cost of a wearable breast pump as part of women’s preventative health care. Except for grandfathered policies, these limits apply to Healthcare Insurance Exchange plans and other private medical insurance efforts.
Furthermore, as literacy rates rise globally, individuals are increasingly adopting new medical technologies. Because of growing awareness, rising per capita disposable income, and the widespread availability of modern technologies and accessories, women in various developing countries are rapidly incorporating technologically advanced devices and accessories into their daily lives. This, in turn, leads to the growth of the market for these pumps. Mother’s milk is also the best source of nutrition for newborns, according to the World Health Organisation (WHO). Many working mothers use wearable breast pumps to pump milk and feed their babies while they are at work. Wearable breast pumps make milk pumping easier and faster.
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Market Segmentation
The breast pump market can be segmented on various factors such as product type, technology type, distribution channel, and region. Here are some of the key market segmentation categories for breast pumps: Product Type: Breast pumps can be categorized into manual, single electric, double electric, and hospital grade. Manual breast pumps are operated by hand, while electric breast pumps are powered by electricity. Hospital-grade breast pumps are designed for use in hospitals and medical settings and are typically more powerful and durable than other types.
Technology Type: Breast pumps can be categorized into closed-system and open-system pumps. Closed-system pumps have a barrier between the milk and the pump motor, which helps prevent contamination and maintain milk hygiene. Open-system pumps do not have a barrier, which means milk can flow into the pump motor, potentially causing contamination.
Distribution Channel: Breast pumps can be sold through various distribution channels, including hospital pharmacies, retail stores, online stores, and others.
Region: The breast pump market can be segmented into different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each region has its own market dynamics, regulations, and customer preferences, which can impact the demand and supply of breast pumps.
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Key Player:
The breast pump market is highly competitive and fragmented, with several global and regional players competing for market share. Here are some of the key players in the breast pump market:
Medela AG: Medela AG is a Switzerland-based company that is a leading global manufacturer of breast pumps and other breastfeeding products. The company offers a wide range of breast pumps, including manual, electric, and hospital-grade pumps.
Koninklijke Philips N.V.: Koninklijke Philips N.V., commonly known as Philips, is a Dutch technology company that offers a range of healthcare products, including breast pumps. The company’s breast pumps are designed for both personal and hospital use and include both electric and manual models.
Ameda AG: Ameda AG is a Swiss company that specializes in breastfeeding products, including breast pumps. The company’s products are known for their hospital-grade quality and innovative features, such as the HygieniKit milk collection system.
Ardo Medical AG: Ardo Medical AG is a Swiss company that develops and manufactures breast pumps and other breastfeeding products. The company’s breast pumps are designed for both personal and professional use and include both electric and manual models.
Pigeon Corporation: Pigeon Corporation is a Japanese company that offers a wide range of baby care products, including breast pumps. The company’s breast pumps are known for their quiet operation and portability.
Spectra Baby USA: Spectra Baby USA is a US-based company that specializes in breast pumps and other breastfeeding products. The company’s breast pumps are designed to be quiet, portable, and easy to use, and are available in both electric and manual models.
Lansinoh Laboratories Inc.: Lansinoh Laboratories Inc. is a US-based company that offers a range of breastfeeding products, including breast pumps. The company’s breast pumps are known for their affordability and ease of use, and are available in both electric and manual models. Other notable players in the breast pump market include Evenflo Feeding, Inc., Mayborn Group Limited, and Bailey Medical Engineering.
Regional Analysis:
The demand for breast pumps varies by region, as cultural norms, government policies, and economic factors can influence the rate of breastfeeding and the need for breast pumps. Here is a brief regional analysis of the breast pump market:
North America: North America is one of the largest markets for breast pumps due to high awareness about the benefits of breastfeeding and supportive government policies. The Affordable Care Act in the United States, for example, requires employers to provide break time and a private place for nursing mothers to express milk. The region is also home to several leading breast pump manufacturers.
Europe: Europe is another significant market for breast pumps, with countries such as Germany, France, and the United Kingdom accounting for a major share of the market. The region has a high rate of breastfeeding, and there is growing demand for innovative and user-friendly breast pumps.
Asia-Pacific: The Asia-Pacific region is expected to witness significant growth in the breast pump market due to increasing awareness about the benefits of breastfeeding and rising disposable incomes. Countries such as China, India, and Japan are expected to be key markets for breast pumps.
Middle East and Africa: The breast pump market in the Middle East and Africa is relatively small, with low rates of breastfeeding and limited government support. However, the market is expected to grow in the coming years as awareness about the benefits of breastfeeding increases and more women enter the workforce. Latin America: The breast pump market in Latin America is also relatively small, but it is expected to grow as more women enter the workforce and demand for breast pumps increases. Brazil is expected to be a key market for breast pumps in the region.
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Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Breast Pumps market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Breast Pumps would help in identifying future applications in this market.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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