Breast Pump Market – Exclusive Report with Deep Analysis 2023-2031
Global Breast Pump Market in the year 2022 is valued at 2.12?billion and is predicted to reach 5.03?billion by the year 2031 at an 10.4?% CAGR during the forecast period.
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A breast pump is a mechanical device nurses use to collect milk from their breasts. Manual devices, which are operated by hand or foot movements, and automatic devices, which are powered by electricity, are the two categories. Numerous working mothers use breast pumps to pump milk and feed their children while they are at work. Pumping milk with a breast pump is much easier and saves a lot of time.
The market is expected to grow over the forecast period because of the aforementioned factors. The global demand for breast pumps will likely rise as consumer awareness increases and helpful government efforts are implemented. Economic growth in developing countries is growing at a fast pace, anticipating high adoption rates. As a result, an increase in breastfeeding awareness, an increase in disposable money, and technological advancements are fueling the growth of the breast pump market.
Furthermore, numerous worldwide organizations are organizing breastfeeding awareness campaigns. Various industry players and universities, like Washington University and Fudan University, are using movements and informational periodicals to increase awareness among women about breastfeeding and its benefits. The breast pump market is expected to be driven by these factors. 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 stymie the expansion of the breast pump market over the upcoming years.
List of Prominent Players in the Breast Pump Market:
Amada GmbH Inc.
Bailey Medical
Coinlike Philips N.V.
MEDEA LLC
Linc Baby Merchandise Works Co., Ltd.
Market Dynamics:
Drivers:
The increase in the number of working women around the world is driving the growth of the breast pump industry. These devices are usually used by working women to continue nursing while at work. After returning to work, travelling, or otherwise be separated from their infant, many women find it beneficial to save breast milk. Furthermore, lactating moms are becoming more aware of the advantages and significance of breastfeeding. Because of the global increase in literacy rates, people are now ready to implement new medical technologies into their everyday lives. In developing nations, economic growth is growing at a breakneck speed, implying strong adoption rates. As a result, the expansion of the breast pump market is fueled by an increase in breastfeeding awareness, an increase in disposable income, and technical improvements.
Challenges:
The prime challenge is the lack of awareness in developing countries, which is predicted to reduce the growth of the Breast Pump market. However, one of the most significant restraints on this sector is the cost of breast pumps. Breast pumps are expensive, which makes people hesitant to purchase them, especially in developing and underdeveloped countries. Also, the risk of contamination with foreign chemicals is projected to hinder the expansion of the breast pump market.
Owing to the COVID-19 pandemic, the number of cases has been growing, which led to a worldwide or partial shutdown to preserve social separation.?According to a recent report, the industries are witnessing unprecedented economic losses owing to interruptions in global supply chains for major companies operating in the worldwide Breast Pump market.?Distributors, suppliers, and retailers have inventory but can’t sell, and manufacturers must cease production from dealing with the closure.
Regional Trends:
The North America Breast Pump market is expected to register a major market share in terms of revenue and is projected to grow at a high CAGR soon. Due to the presence of increased women’s employment rates, healthcare expenditure, advanced healthcare infrastructure, and patient awareness levels, the market penetration of breast pumps has expanded in this region. Furthermore, the top players in the industry are introducing technologically advanced breast pumps, which will boost the overall market over the forecast period. In addition, the presence of key market players and the rising collaboration among major companies for market penetration in the area present a potential for the Breast Pump market to expand globally.
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Recent Developments:
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Segmentation of Breast Pump Market-
By Products
By Technology
By End-Users
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
?Middle East & Africa-
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