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Wearable Breast Pumps Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of approximately 8.2% between the years 2022 and 2032

02-02-2024 04:27 PM CET | Health & Medicine

Press release from: Transparency Market Research

Wearable Breast Pumps Market

Wearable Breast Pumps Market

The Wearable Breast Pumps market has experienced notable growth, marked by technological advancements and increased awareness. This article provides a comprehensive analysis of the market, focusing on key technologies, components, and regional dynamics. With a projected market growth of 8.2% from 2022 to 2032, the Wearable Breast Pumps industry is poised for substantial expansion.

In 2021, global sales of Wearable Breast Pumps reached US$ 517 Mn, setting the stage for a significant uptick in the projected market growth during 2022-2032. With Wearable Pumps expected to be the highest revenue-generating type, growing at a CAGR of 8.1%, the market is anticipated to soar to US$ 1.2 Bn by 2032.

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Market Snapshot

Global Wearable Breast Pumps Market (2022): US$ 554.5 Mn
Global Wearable Breast Pumps Market (2032): US$ 1.2 Bn
Global Wearable Breast Pumps Market CAGR (2022 - 2032): 8.2%
U.S. Wearable Breast Pumps Market CAGR (2022 - 2032): 9.2%
Factors Driving Market Growth

The historical growth of the Wearable Breast Pumps industry from 2017 to 2021 witnessed a CAGR of 6.8%. Key factors fueling the anticipated growth include:

Neonatal COVID-19 Exposure Prevention

To limit neonatal exposure to COVID-19, recommendations from the Centers for Disease Control and Prevention (CDC) and the American College of Obstetricians and Gynecologists (ACOG) advised separating newborns from mothers for at least a week. This precautionary measure has contributed significantly to market growth.

Increased Women's Labor Force Participation

The International Labour Organization (ILO) and Labour Force Estimates and Projections (LFEP) Statistics reported a global women's labor force participation rate of 69.3% in developing countries, 45.6% in emerging countries, and 52.4% in developed countries in 2018. Working women, with higher expendable income and less time for breastfeeding, become ideal customers, driving product demand.

Growing Awareness and Importance of Breastfeeding

The global increase in literacy rates has led to heightened awareness among mothers regarding the value and importance of breastfeeding. Advanced medical innovations are increasingly adopted worldwide, further contributing to market growth.

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Cultural Factors in Product Adoption

In countries with a strong cultural background, such as Africa, India, and China, the decision to acquire a breast pump involves not only consumers but also other family members. As these countries experience income development, product uptake is expected to increase.

Supportive Government Programs

Government programs and regulations, such as those in the United States where insurance companies cover the cost of breastfeeding-related equipment, contribute to increased adoption of wearable breast pumps. Regulatory frameworks in various countries aim to support working mothers and enhance the accessibility of breastfeeding-related products.

Regional Dynamics

Asia Pacific: Emerging as a Growth Leader

Asia Pacific is anticipated to witness the fastest CAGR from 2022 to 2032. Awareness campaigns, such as the Medela Asia Pacific Breastfeeding and Lactation Symposium, contribute to improved knowledge and awareness. The region's rising maternal awareness, coupled with its large population, is expected to drive market growth.

Country-wise Analysis

U.S. Wearable Breast Pumps Market Analysis

The United States holds the largest market share, exceeding 52%. Regulations, including the Fair Labor Standards Act of 1938 and the Employment Standards Act of 2000, allow working mothers to take breaks for expressing breast milk. Regulatory organizations also govern breast pump reimbursement, contributing to the market's supremacy. The U.S. market is further driven by increased awareness, a growing number of working women, and high expendable income.

U.K. Wearable Breast Pumps Market Analysis

The U.K. market is projected to reach US$ 489 Mn by 2032, with a CAGR of 9.2%. The country's market growth is fueled by supportive regulations and an increasing number of working women.

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Category-wise Insights

Battery-powered Pumps Dominance

Battery-powered technology dominates the market, constituting over 48% of total sales. Factors driving this dominance include portability, suitability for frequent pumping, and efforts by market participants to develop lighter and smaller battery-operated devices.

Wearable Pumps Leadership

Wearable pumps accounted for more than 57% of total revenue in 2021 and are expected to exhibit the fastest growth between 2022 and 2032. The popularity of advanced designs and the global increase in population contribute to the segment's growth.

Competitive Landscape

Key players in the market include Medela AG, Ameda, Inc., Willow Innovations, Inc., Philips, Elvie, Freemie, BabyBuddha Products, LLC, Spectra, iAPOY, and Lavie Mom. The industry's competitive landscape is marked by campaigns and educational initiatives by companies and universities to raise awareness about breastfeeding and its benefits.

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About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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