Breast Pump Market Growing at a CAGR of 10.7% During 2021–2028 | Ardo medical, Ameda, Evenflo Feeding, Spectra Baby USA, Albert Hohlkörper GmbH & Co. KG

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.

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.

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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.

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.

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.

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.

Breast Pump Market – By Technology

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

Breast Pump Market – By Type

Closed System Breast Pump
Open System Breast Pump
Breast Pump Market – By Distribution Channel

Consumer Stores
Online Distribution

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This release was published on openPR.