Breast Pump Market to Reach Valuation of USD 2,729.2 Million by 2028 - Increasing Demand for Breast Pump Market for Improving Healthcare Infrastructure to Drive the Market Growth

Vantage Market Research

Jun 08, 2022

From the period of 2022 to 2028, the Global Breast Pump Market is expected to reach USD 2,729.2 Million in terms of revenue, growing at a Compound Annual Growth Rate (CAGR) of 7.9%.

Lactating women use breast pumps to remove milk from their breasts. Breast milk includes vital antibodies that help the baby establish a robust immune system and reduce the risk of infection. Breast pumps assist working moms in increasing milk supply and storing milk for their infants. Rising global women's employment rates, increased healthcare facilities in emerging markets, and government measures to help working mothers are all driving market expansion. Breast pumps will also be in high demand in the near future as women's nursing issues increase. Breastfeeding difficulties in women include inadequate attachment, engorged breasts, and nipple pain. As a result of these concerns among women, nursing becomes more challenging. Most women stop breastfeeding their newborn babies too soon, according to Nemours, a non-profit children's health center, leading to a rise in the need for breast pumps. However, one of the primary restraints on this market is the cost of breast pumps. Breast pumps are expensive, which makes people hesitant to purchase them, especially in developing and underdeveloped countries. Furthermore, the possibility of contamination with foreign chemicals is projected to slow the growth of the Breast Pump Market.

Key Highlights from the Report

  • On the basis of Product, the market is segmented into Open System and Closed System. Over the forecast period, the closed system Breast Pump segment is expected to have a significant market share. Open breast pumps have been found to be less hygienic than closed breast pumps, despite the fact that closed breast pumps have higher utilization rates because they are more hygienic and contamination-free. Breast pumps with a closed system have a barrier between the collecting kit and the motor, preventing contamination of the milk collected. The barrier also prevents milk particles from entering the pump tube or motor, ensuring sterility and preventing contamination.

  • On the basis of Technology, the market is segmented into Manual Pumps, Battery Powered Pumps, and Electric Pumps. In 2021, the electric pumps segment had the most market share, and it is predicted to grow at the fastest Compound Annual Growth Rate (CAGR) over the forecast period. These things are motorized and generate substantially higher suction, allowing for much faster pumping. When compared to a standard pump, the double moving type takes less time. Electric pumps are frequently heavy and noisy, but manufacturers are continuing to apply new technologies to create lighter, quieter products. Ameda AG's Solely Yours Ultra Breasts Pump and Philips AVENT's Isis iQ Duo Breasts Pump are two popular brands in this market. Over the next few years, technological advancements, such as the introduction of lightweight gadgets, are likely to drive category expansion.

  • Asia Pacific is the fastest regional segment in terms of growth. Due to increased government spending in the healthcare sector and rising healthcare expenditure in the area, the Asian Pacific market is expected to develop at the fastest Compound Annual Growth Rate (CAGR) during the forecast period. Another reason fueling its rise is the increasing attention of major players in the Asian Breast Pump industry. Additionally, growing markets such as India and China present chances for industry participants to increase income.

Market Dynamics:

Increasing Number of Working Women & Product Awareness Driving Demand for Breast Pumps

The global participation rate of women in the labor force has increased dramatically in recent years. The growth of the market can be ascribed to a lack of adequate maternity leave, a rapid increase in the number of working women, and increased awareness of the benefits and need of nursing. Other important factors that will contribute to the market's growth are technological advancements in electric breast pumps, rising healthcare spending by different governments, and favorable reimbursement scenarios.

Closed System Breast Pumps Most Popular Due to their Advanced Features

Because open breast pumps are less hygienic than closed breast pumps and are more hygienic and contamination-free, closed breast pumps have greater utilization rates. Breast pumps with a closed system create a barrier between the collecting kit and the motor, protecting the milk collected from contamination. The barrier also keeps milk particles out of the pump tube and out of the motor, ensuring sterility and avoiding contamination.

Over the projection period, North America is expected to have tremendous growth. North America dominated the market in 2021 and is predicted to rise significantly over the next several years. Because of the presence of high women’s employment rates, healthcare expenditure, advanced healthcare infrastructure, and patient awareness levels, North America dominated the global market in terms of revenue share. Furthermore, the top players in the industry are introducing technologically advanced breast pumps, which will boost the overall market over the forecast period.