Press release
Breast Pumps Market Projected to Exhibit Growth at 6.3% CAGR by 2031- TMR Study
Breast pumps have emerged as indispensable tools for modern mothers, empowering them to navigate the challenges of breastfeeding while balancing work, travel, and personal commitments. The global breast pumps market, valued at US$ 1.4 billion in 2021, is slated to witness substantial growth, projected to reach over US$ 2.5 billion by 2031 at a robust CAGR of 6.3%.Market Dynamics and Trends
The burgeoning demand for breast pumps, particularly in developing nations like India and China, is fueled by heightened awareness and strategic collaborations among organizations. Innovations in product lines and increased R&D investments have spurred the market with a plethora of new offerings. Key players continuously introduce advanced products such as electric breast pumps to cater to diverse consumer needs, especially among the growing workforce of employed mothers.
Breast pumps, pivotal for nursing mothers, aid in expressing and storing breast milk, ensuring a continuous supply for infants while mothers are away. These devices address various challenges such as latching problems, returning to work, traveling, and facilitating breastfeeding in public spaces.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) -
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Available in different types - manual, battery-powered, electric, and wearable pumps - the market has witnessed a shift towards more portable and convenient options. Wearable pumps offer unparalleled mobility, allowing mothers to pump while engaged in various activities without tethering to a power source. This freedom has transformed the breastfeeding experience for women, enabling them to sustain breastfeeding while pursuing daily routines.
Key Players and Innovations
The global breast pumps market boasts a mix of local and international players driving innovation and expansion. Companies like Medela, Ardo medical AG, Elvie, Lansinoh Laboratories, Inc., and others have expanded their product portfolios through mergers, acquisitions, and product launches. Recent innovations include Ardo medical's 'Ardo Calypso breast pump,' Medela's advanced electric breast pump providing enhanced comfort, and Elvie's smart breast pump offering convenience covered by insurance.
Market Drivers and Global Impact
The escalating global population, particularly in developing nations, directly influences the adoption of breast pumps. The rise in disposable income in dual-income households has amplified the purchasing power for portable breast pumps. Additionally, the proliferation of advanced medical technology and heightened awareness about the benefits of breastfeeding are steering market growth.
In countries like India and China, cultural inclinations previously favored traditional methods over technological aids for breastfeeding. However, advancements in breast pump technology are catalyzing acceptance and adoption.
Segmentation and Regional Analysis
The breast pumps market, segmented into manual and powered pumps, witnessed a surge in the powered pumps segment owing to its convenience and reliability. Moreover, closed system pumps, known for ease of use and cleanliness, dominate the market ensuring safety for infants.
North America currently holds a significant market share, attributed to the increasing usage of breast pumps among working women. In contrast, the Asia Pacific market is expected to witness rapid growth as awareness and acceptance of technologically advanced healthcare devices rise in the region.
The Future of Breast Pumps Market
The landscape of breastfeeding has significantly transformed with the advent of innovative breast pumps. As technology advances and awareness grows, breast pumps are expected to play an increasingly pivotal role in empowering mothers worldwide, ensuring convenience, comfort, and flexibility while nurturing their infants.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ -
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
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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