Breast Pump Market size is expected to reach USD 11 Billion by the end of 2033, growing at a CAGR of 10.4% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of breast pump was over USD 3.4 Billion.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.
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 pump 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.
Growth Drivers
Challenges
|
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 |
Product Type (Open System, Closed System
The global breast pump 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
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.
Our in-depth analysis of the global market includes the following segments:
|
By Product Type |
|
|
By Technology |
|
|
By End-User |
|
Regionally, the global breast pump 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 breast pump 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.
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.
Author Credits: Radhika Gupta, Shivam Bhutani
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?