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is projected to reach USD 5.45 billion by 2032, registering a CAGR of 12.12% -Medela AG, Pigeon (Lansinoh), Philips Avent, Ameda AG, Ardo medical AG, NUK, Tommee Tippee, Evenflo Feeding, Spectra Baby, Hygeia Health, Bellema, Rumble Tuff, Limerick, Canpol

09-29-2022 02:19 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MR ACCURACY REPORTS

is projected to reach USD 5.45 billion by 2032, registering a CAGR

According to the report published by MR Accuracy Reports , the global breast pump market generated USD 0.12 billion in 2021, and is projected to reach USD 5.45 billion by 2032, registering a CAGR of 12.12% from 2022 to 2032. The report provides an extensive analysis of changing market trends, market size & estimations, and competitive landscape. In addition, the report offers a detailed segmentation along with the market share of each segment and its sub-segment.

Recession is going to hit soon badly, know your market well.

Covering an extensive analysis of each and every aspect of the global breast pump industry in nearly 350 pages, supported by around 480 tables and 243 figures, the report aims to become a valuable source of guidance for market players, investors, and stakeholders in determining current dynamics and devising strategies for the future.
The Electric Breast Pump report is highly structured into a region-wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the market. The study helps understand how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR.

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The report provides a comprehensive analysis of company profiles listed below:

Medela AG, Pigeon (Lansinoh), Philips Avent, Ameda AG, Ardo medical AG, NUK, Tommee Tippee, Evenflo Feeding, Spectra Baby, Hygeia Health, Bellema, Rumble Tuff, Limerick, Canpol babies, Chicco, Snow Bear, Horigen, NCVI, Rikang

Electric Breast Pump Market Types:

Electric Single Pump, Electric Double Pump.

Electric Breast Pump Market Applications:

Family/Personal Use, Hospital Use

The research provides a detailed segmentation of the global breast pump market based on portability, type, technology, application, and geography. On the basis of portability, the report bifurcates the market into wireless/hands-free pumps and non-wireless pump. By type, the research further segments the market into closed system breast pumps and open system breast pumps. Based on technology, the report further divides the market into battery-powered breast pumps, electric breast pumps, manual breast pumps, and convertible breast pumps. On the basis of application, the report further classifies the market into personal-use pumps and hospital-grade pumps..

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In addition, social media platforms, such as YouTube, Facebook, and Instagram, have enabled individuals to access information about breast pumps and related accessories. Several companies provide information on these platforms. For instance, Spectra Baby USA runs a page called Spectra Baby USA - Pumping for Mom Support, which supports and provides information about breast pumps. Thereby, such factors are expected to boost the demand for breast pumps during the forecast period.

The market witnessed a negative impact on the market due to the COVID-19 outbreak. However, with the introduction of COVID-19 vaccines, countries opened their international borders, normalizing the supply chain during the post-pandemic period. Furthermore, the birth rate also increased post-pandemic. For instance, some researchers at the University of Michigan Health Organization predicted that births will rebound, leading to having a normal birth volume. Thus, the market is likely to witness a gradual surge in the demand for breast pumps in the coming years.

Furthermore, many companies are launching new breast pumps in the market. For instance, in January 2022, Medela AG announced the launch of Solo, a compact and easy-to-use single electric breast pump. Thus, with an increasing number of product launches, the introduction of COVID-19 vaccines, and an increase in birth rates, the market is expected to witness considerable growth during the post-pandemic period.

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Technology Insights
The electric pumps segment held the largest market in 2021 and is expected to witness the fastest growth rate with a CAGR of 8.4% during the forecast period. Electric breast pumps are powered by a motor and supply suction through plastic tubing to a horn that fits. It provides a lot more suction, making pumping significantly faster, and allows pumping of both breasts at the same time.

Working mothers generally prefer to use electric pumps as they can easily extract more milk in a short time. The double pumping model decreases the time taken when compared to a normal pump. Often, electric pumps can be quite heavy and noisy, but manufacturers continue to use advanced technology, which creates lighter pumps that generate lesser noise. Electric pumps are also available for rent for mothers who cannot afford to buy a new pump and require them for short time durations.

Some key brands in this segment include Purely Yours Ultra Breast Pump by Ameda AG and Isis iQ Duo Breast Pump by Philips AVENT, respectively. Technological advancements with the introduction of portable instruments such as Platinum electric breast pump by Ameda and Electric swing breast pumps by Medela are expected to drive market growth over the next few years.

Regional Insights
North America dominated the market in 2021 and is expected to witness a considerable growth rate of 8.0% during the forecast period. North America dominated the overall market in terms of revenue share majorly due to increased market penetration of breast pumps in this region, on account of the presence of high women employment rates, healthcare expenditure, sophisticated healthcare infrastructure, and patient awareness levels. Furthermore, the industry's leading players are developing technologically enhanced breast pumps, which will fuel the overall market over the projection period.

For example, Koninklijke Philips N.V. (Netherlands) supplies an electric breast pump with a pleasant massaging cushion and a warm feeling while collecting milk from the breast. Similarly, in September 2019, Spectra Baby USA launched the S3 Pro, a new premium electric breast pump. It is a multi-user, hospital-graded pump that allows for effective milk pumping. Thereby, such launches and the large presence of key players are expected to drive the market in this region.

Europe captured more than 23% of revenue share in 2021 owing to the growing birth rate coupled with rising women's employment in the region. In 2019, approximately 4.2 million babies were born in Europe, while women's employment increased from 58.3% to 64.1% between 2009 and 2019. Working women face challenges in managing and providing necessary nutrition to their babies, which may increase neonatal mortality if not properly catered for. Breast pumps make it easier for working mothers to feed their babies properly. Moreover, rising awareness among target consumers, i.e. lactating mothers, about the benefits of breastfeeding, is expected to create growth opportunities for the Europe breast pump market in the coming years. High disposable income, combined with technological advancements, are also prominent driving factors for the regional market.

Market Drivers - Increase of Newborns and Rapid Technological Advancements

The rising number of newborns is one of the primary reasons propelling the breast pump market growth worldwide. According to BabyCenter, approximately 385,000 babies are born each day across the globe. In the U.S., about 10,267 babies were born each day in 2019.

The increase in the number of newborns has led to the rise of women's workforce employment and rapid advancements in breast pump technologies like the development of Motif breast pump, Medela Breast Pump, Elvie pump, spectra breast pump, willow breast pump, spectra s1, spectra s2, haakaa breast pump, freebie breast pump, Elvie curve, motif luna breast pump, momcozy pump, edgepark breast pump, wireless breast pump, spectra s9, lansinohsmartpump 2.0, Evenflo breast pump, Hygeia breast pump, lansinoh breast pads, etc. which are driving the overall market growth significantly. According to the International Labour Organization, women globally constitute 70 % of the total number of workers in health, including those who are working in care institutions.



Restraints - Damage of Breast Tissues Leading to Reduction of Milk Supply

Breast Tissue Damage, an increase in medicine production, depletion in the nutrients of Breast Milk, and reduction of milk supply manually are some factors that obstruct the market growth to a great extent.



Opportunities - Rising Number of Newborns in APAC Countries

The number of newborns in Asia-Pacific countries like China, India, Pakistan, etc., continuously increases each year. So, the APAC governments are highly focused on enriching the breast pump technologies by raising the overall healthcare funds and infrastructures, which is estimated to create ample opportunities in the future, thereby resulting in the exponential growth of the Market value.



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You can edit or delete your press release is projected to reach USD 5.45 billion by 2032, registering a CAGR of 12.12% -Medela AG, Pigeon (Lansinoh), Philips Avent, Ameda AG, Ardo medical AG, NUK, Tommee Tippee, Evenflo Feeding, Spectra Baby, Hygeia Health, Bellema, Rumble Tuff, Limerick, Canpol here

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