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HEALTHCARE & PHARMACEUTICAL

Breast Pumps Market Analysis by Product Type (Open System, and Closed System); by Technology (Manual, Single Electric, Double Electric, and Wearable); and by End-User (Personal Use, Maternity Centers, and Hospitals) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Willow Innovations, Inc. announced the launch of their newest and most innovative wearable breast pump model, Willow Go, which offers moms the freedom, flexibility, and benefits of cordless, fully in-bra wearable pumps with hospital-grade suction.
  • Medela AG has introduced the Solo electric breast pump, which has a quick charge solution, long-lasting battery, and 2-Phase Expression Technology that offers more milk with less hassle.

Global Breast Pumps Market Size, Forecast, and Trend Highlights Over 2022 - 2031

Base Year

2022

Forecast Year

2023-2033

CAGR

~10.4%

Base Year Market Size (2022)

~USD 3.4 Billion

Forecast Year Market Size (2033)

~USD 11.0 Billion

The global breast pumps market is estimated to garner a revenue of ~USD 11.0 billion by the end of 2033 by growing at a CAGR of ~10.4% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 3.4 billion in the year 2022. The growth of the market is primarily attributed to the rising number of working women worldwide. As per the data released by the World Bank, the total labor force of working women across the globe has reached to 39.2% by 2020.

Breast-Pumps-Market-Size

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A breast pump is a mechanical tool used to extract milk from the breast. It enables the user to store breast milk in bags or storage bottles to use it later. Breast pumps are mainly used to alleviate breast pain and to produce breast milk to infants who are not able to suck milk on their own. As breastfeeding is highly important to promotes healthy infant growth and encompasses all of the vitamins and nutrients that a baby requires. For instance, breast milk, which contains lactose around (7%), fat (3%), proteins (1%), and water (86%), is regarded as an essential source of nutrients. Both lactose and fat account for 41 and 50% of the total energy found in milk. It also has a lot of vitamins and minerals, including calcium, magnesium, phosphorus, potassium, sodium, and others.

Global Breast Pumps Market: Growth Drivers and Challenges

Growth Drivers

  • Government Initiatives for Awareness About Breast Feeding Government of various nations are concerned to improve the good growth ratio in infants and children; therefore, many health-related initiatives have been introduced to raise awareness amongst people regarding breast feeding. As per the World Health Organization (WHO), by 2018, approximately 54% of all infants in the South-East Asia region had been fully breastfed up to the age of 6 months, which was up from 47% in 2015 and exceeding the global target of confirming that at least 50% of newborns are breastfed for the first 6 months of life by 2025.

  • Globally Improving Healthcare Expenditure – As per the data released by the World Bank, in 2019, the global health expenditure was reached to 9.83%, which was up from 9.7% in 2018.

  • Increasing Birth Rate across the World– Worldwide increasing ratio of newborns is also hitting the demand for breast pumps. For instance, every year, approximately 140 million babies are born worldwide. That's over than 4 births each second of every day.
  • Upsurge in Human Milk Banks To reduce infant sickness and mortality rate, the trend of human milk bank has gained much popularity across the globe. For instance, in 2020, there were approximately 760 human milk banks in 68 countries.
  • Growing Per Capita Income – As per the data provide by the World Bank, in 2021, the worldwide annual per capita income was increased by 4.8% as compared to 1.5% annual per capita income in 2019.

Challenges

  • High Cost of Breast Pumps
  • Risk of Contamination of Milk
  • Accessibility of Medicines to Boost Lactation

The global breast pumps market is segmented and analyzed for demand and supply by product type into open system, and closed system, out of which, the closed system segment holds a market share of 65% in 2022 owing to its higher utilization. Moreover, by end-user, the market is bifurcated into personal use, maternity centers, and hospitals. Out of these segments, the hospital segment is projected to obtain a noteworthy share on account of the rising number of mothers who have lactation, and medical issues in the early stage of motherhood. For instance, globally, around 12 to 17% of mothers face the problem of low lactation in the early postpartum stage.

Major Macro-Economic Indicators Impacting the Market Growth

Global-Healthcare-Expenditure

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Breast Pumps Market Regional Synopsis

Regionally, the global breast pumps market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America holds the highest market share of 52% as of 2022, backed by the spike in women’s employment ratio, high healthcare expenditure, and good healthcare infrastructure. For instance, in the United States, the ratio of employment in women reached around 54% by the end of 2021.

Breast-Pumps-Market

The global breast pumps market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global breast pumps market includes the following segments:

By Product Type

  • Open System – 35%
  • Closed System – 65%

By Technology

  • Manual
  • Single Electric
  • Double Electric
  • Wearable

By End-User

  • Personal Use
  • Maternity Centers
  • Hospitals

Top Featured Companies Dominating the Global Breast Pumps Market

  • Medela AG
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Pigeon Corporation
  • Ardo medical AG
  • Ameda, Inc.
  • Willow Innovations, Inc.
  • Evenflo Feeding, Inc.
  • Beldico
  • Linco Baby Merchandise Work’s Co., Ltd
  • BelleMa Co.
  • Microlife Corporation
  • Albert Manufacturing USA

 

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