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Breast Pump Market is expected to reach US$ 5,778.97 Mn with a CAGR of 10.7% by 2028 | Pigeon Corporation; Ardo medical, Inc.; Ameda, Inc.; Koninklijke Philips N.V.; Medela LLC; Evenflo Feeding; Albert Hohlkörper GmbH & Co. KG; Mayborn Group Limited; Hyg

06-17-2021 02:55 PM CET | Health & Medicine

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
Breast Pump Market

Breast Pump Market

According to our new market research study titled “Breast Pump Market Forecast to 2028 – Global Analysis by Type, Technology, Distribution Channel, and Geography,” the market is expected to reach US$ 5,778.97 million by 2028 from US$ 2,574.00 million in 2020. The market is estimated to grow with a CAGR of 10.7% from 2021 to 2028. The report highlights the trends prevalent in the global breast pump market and the factors driving the market along with those that act as deterrents to its growth.

For sample report click: https://www.theinsightpartners.com/sample/TIPHE100000881/?openpr-10225

The global breast pump market is segmented by type, technology, and distribution channel. Based on the technology, the market is segmented into manual breast pump and electric breast pump. The electric breast pump segment is further categorized into single electric breast pump and double electric breast pump. Based on type, the breast pump market is segmented into closed system breast pump and open system breast pump. Based on distribution channel, the breast pump market is segmented into consumer stores and online distribution.

The market for breast pumps is expected to grow significantly due to factors such as high women employment rates, rising healthcare expenditure, growing patient awareness, and increasing healthcare investments from private players and government bodies.

The major players operating in the breast pump market are Pigeon Corporation; Ardo medical, Inc.; Ameda, Inc.; Koninklijke Philips N.V.; Medela LLC; Evenflo Feeding; Albert Hohlkörper GmbH & Co. KG; Mayborn Group Limited; Hygeia Healthcare; and Spectra Baby USA. The market has carried out various organic and inorganic growth strategies in the market which has assisted in strengthening their product offering in the market.

Market Insights

Increasing birth rates

Soaring birth rates among developing economies are responsible for fueling global baby boom. However, the rising birth rate also contributes to rising birth defects and inability of mothers to breast feed their newborns due to different reasons such mother’s death or mother suffering from severe disease such as hepatitis and AIDS. According to a report published by Bill and Melinda Gates Foundation in 2018, there are almost 250 babies born every minute across the globe. According to the Centers for Disease Control and Prevention, the fertility rates for Hispanic women were highest in 2017 with 67.1 births per 1,000 women. Asian countries such as India and China also have high fertility rates due to factors such as effects of religion, inadequate supply of family welfare services, poverty, and others. According to the World Bank, the fertility rates in India were reported to be 2.23 births per women as compared with 1.80 in the US and 1.62 in China. Moreover, neighboring countries of India, such as Pakistan, have alarming rates of fertility. In 2016, the birth rate in Pakistan was reported to be 3.48 births per woman, as per the World Bank data. These rates are soaring even more in the African regions that are underdeveloped. Niger tops the fertility rate list in the world with 7.15 children per woman, followed by Somalia with 6.12 children per woman. According to the World Bank, the Democratic Republic of Congo held the third top position with fertility rate of 6.0 per woman in 2018. The increasing number of parturient women across the world are thus likely to create increasing demand for human milk and thus the breast pumps across the globe leading to the growth of the market.

Growing number of human milk banks

A newborn is unable to get sufficient mother’s milk because of reasons such as less lactation, mother’s death immediately after delivery, and hormonal imbalance. As feeding a newborn with mother’s milk is essential for its growth and nutrition, human milk bank is a best-considered solution in any of the conditions as mentioned above. In developed countries, there is a rising number of human milk banks that offer great help to the mother who are not able to produce of milk. Nevertheless, high sterilization and pasteurization are among the important factors to be taken care before providing milk to a baby. For instance, in North America, Human Milk Banking Association of North America (HMBANA) has proposed accredited non-profit milk banks across the US and Canada. It has also introduced international guidelines for pasteurized donor human milk. Similarly, across Europe, there is a rise in the number of human milk banks, and among the European countries, Italy has the highest number of milk banks.

Milk banks also offer memberships for women who can produce more milk. Milk banks are offering a good cause for improving babies’ health. According to the Global Breastfeeding Score Card, it is stated that in countries such as China, India, Mexico, and others, more than 236,000 child deaths are caused due to inadequate breastfeeding. Therefore, there has been increase in the awareness for the benefits of donating breast milk, and the awareness has demanded the growth in the breast or human milk banks across the world. There are nearly more than 600 human milk banks in the upper and middle-income countries around the world.

The report segments the global breast pump market as follows:

Global Breast Pump Market – By Technology

Electric Breast Pump
Single Electric Breast Pump
Double Electric Breast Pump
Manual Breast Pump


Global Breast Pump Market – By Type

Closed System Breast Pump
Open System Breast Pump

Global Breast Pump Market – By Distribution Channel

Consumer Stores
Online Distribution

Global Breast pump Market – By Geography

North America
US
Canada
Mexico
Europe
France
Germany
U.K
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of Middle East & Africa
South & Central America
Brazil
Argentina
Rest of South & Central America

Interested in purchasing this Report? Click here to buy https://www.theinsightpartners.com/buy/TIPHE100000881/?openpr-10225

Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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