FMI, an ESOMAR-certified market research firm, states that the globalbreast pump market valuation ofUS$ 1.71 Bn in 2022. During the forecast period (2022-2027), the market is likely to grow at a CAGR of 4.6%.
The world of infant feeding has been witnessing a “quiet revolution” since 2005. The usage of electric pumps has
increased manifold since then. Initially it was confined only to mothers of premature babies in the NICU, but the
current scenario is such that even full-term infants are being fed through pumped milk.
Request for Report Sample
https://www.futuremarketinsights.com/reports/sample/rep-gb-5820Breast Pumps Market Size (2022)US$ 1.71 BnRevenue Forecast (2027)US$ 2.15 BnGlobal Market Growth Rate (2022-2027)4.6% CAGRMarket Share of Homecare Settings61.5%
A list of Key Players Covered in the Breast Pumps MarketAre:Koninklijke Philips N.V.Pigeon CorporationNewell BrandsMedela LLCArdo Medical AG
This could be attributed to the fact that awareness regarding breast pumps is increasing day after day in the developed
economies, US in particular.
Even in the European economies, the electric breast pumps are being made available on rent. So, regular usage as well as
occasional usage gets sufficed. These usages are likely to substantiate the breast pumps market in the forecast period
(2020-2030).
In the US, the “Affordable Care Act” states that the breast pump’s cost is 100% reimbursable, and it’s mandatory for the
employers to provide space and time for the working moms to pump.
In developing economies like India, the usage of breast pumps is catching up in the metros as there are more women
falling under the gambit of corporate world. As such, Asia Pacific will soon witness an exponential growth in breast
pumps market in the next 10 years.
Speak to our Research Expert @
Key Takeaways of Breast Pump Market StudyOpen system breast pumps held the largest market share in 2019By technology, electric breast pumps accounted for the highest revenue in 2019Cumulatively, North America and Europe contributed for more than 60% of market share 2019 and the trend is expected to
continue going forward as well
“Breast pump, a gift of advanced medical technology, and bliss for working mothers, which is resulting in growing
adoption. Moreover, increasing promotional campaigns are likely to boost the growth of breast pump market.” says the FMI
Analyst.
Human Milk Banks: A Catalyst to Breast Pumps Market
Late pregnancies are proving to be detrimental to breast-feeding. In other words, late pregnancies often result in women
not being able to lactate. As per the WHO, mother’s milk is imperative atleast for the first six months as it helps in
building immunity. However, for infants whose mothers’ mammary glands are unable to produce milk or mother is suffering
from an ailment wherein it can’t be passed on to the infant; human milk banks are the solution.
Donors need to inform the human milk banks. The banks then send breast pumps to the donors so that they can extract the
milk and store it in bottles. Then the same milk is collected by the banks and given to those needy infants. Human Milk
Banking Association of America has been actively serving in this regard. Right now, Covid-19 infected mums can’t pass on
their milk to the infants.
Milk from the milk banks helps over here. Elvie had offered “milk shuttle service” at CES 2020; wherein they used to
collect milk from mums who attended the show and ensure safe storage by having them placed in medical-grade
refrigerators.
In India, there are 14 human milk banks right now. Milk banks are expected to be a key growth driver in the upcoming
period.
Want more insights?
Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and
country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The
global breast pump market is segmented in detail to cover every aspect of the market and present a complete market
intelligence approach to the reader.
The study provides compelling insights on breast pump market on basis of product type (closed system breast pumps, open
system breast pumps), technology (electric breast pumps, manual breast pumps), end user (homecare settings, healthcare
facilities) across seven major regions.
Explore FMI’s Extensive ongoing Coverage on Automotive Domain
Osmotic Pumps Market -There are different modalities of drug delivery system present for each condition. Oral drug delivery system is one of
the most widely used delivery system for pharmaceuticals. Oral route for its many advantages s considered to be the
preferred choice within the consumer side.
Implantable Drug Infusion Pumps Market -Implantable drug infusion pumps are surgically implanted under the skin. These pumping devices release medications
through a catheter or tube to a specific body part. Implantable drug infusion pumps ensure consistent delivery and is
highly advisable during long-term medications.
Spinal Pumps Market -Intrathecal pumps or pain pumps are devices used to deliver medication directly into the spine. The system consists of
small pump that is implanted surgically in the skin and delivers medication via catheter to the affected area around the
spinal cord.
Breast Localization System Market -The globalbreast localization system market is estimated to create an incremental opportunity of more than US$ 1 Bn by 2022, exhibiting growth at a CAGR of 9% to
10% during the forecast period 2022-2032. The demand for breast localization systems is expected to reach US$ 2 Bn by
the end of 2032, in comparison to the US$ 990 Mn registered in 2021.
Breast MRI Screening Market -Magnetic resonance imaging (MRI) is an imaging technique that utilizes radio waves and strong magnetic fields for
producing precise images of the inside of the body. Breast cancer is considered to be one of the most common cancers in
women, worldwide.About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of
Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses
opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel
and End Use over the next 10-years.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries:sales@futuremarketinsights.com
For Media Enquiries:press@futuremarketinsights.com