Press release
Breast Pumps Market Analysis 2024-2033: Understanding Growth Opportunities and Trends
"Breast Pumps
The Business Research Company offers in-depth market insights through Breast Pumps Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The breast pumps market size has grown rapidly in recent years. It will grow from $1.15 billion in 2023 to $1.3 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to maternal employment rates, breastfeeding advocacy, legislative support, healthcare initiatives, postpartum health focus, social and cultural influences.
The breast pumps market size is expected to see rapid growth in the next few years. It will grow to $2.01 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to global health initiatives, workplace inclusivity, sustainable products, economic empowerment, family structure changes. Major trends in the forecast period include smart breast pump technology, portable and wearable breast pumps, customizable pumping experience, telehealth integration for lactation support, sustainable and eco-friendly pumping products.
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Market Segmentation:
The breast pumps market covered in this report is segmented -
1) By Product: Open System Breast Pump, Closed System Breast Pump
2) By Technology: Manual Breast Pump, Battery Powered Breast Pump, Electric Breast Pump
3) By Application: Personal Use, Hospital Grade
Major Driver - Increase In Women's Employment Drives Growth In The Breast Pump Market
An increase in the global women's employment rate is contributing to the growth of the breast pump market. There has been visual progress in terms of employment opportunities for women in recent years. According to monthly data published by the Bureau of Labor Statistics (BLS), women's labor force participation rate of ages 16 to 19 was 37.2 % in 2022. The breast pumps offer a convenient option for employed women to continue breastfeeding their babies while still at work. Therefore, the increasing global women's employment rate added to the breast pumps market growth.
Competitive Landscape:
Major companies operating in the breast pumps market report are Tommee Tippee International Limited, Koninklijke Philips N.V., Goodbaby International Holding Ltd., Jarden Corporation, Energizer Personal Care LLC, Artsana S.p.A., Pigeon Corporation, Medela AG, NUK USA LLC, Horigen Group, Lansinoh Laboratories Inc., Mayborn Group Limited, Dr. Brown's LLC, Willow Innovations Inc., Ameda AG, Evenflo Company Inc., Albert International, Beldico N.V., Freemie LLC, Bailey Medical LLC, Ardo Medical Inc., Linco Baby Merchandise Work's Co. Ltd., Hygeia Health, Whittlestone Inc., Babybel S.A., Büttner Frank GmbH & Co. KG, Spectra Baby USA Inc., Canpol Sp. z o.o., FreiCare Swiss GmbH, Snow Bear Baby Products Co. Ltd.
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https://www.thebusinessresearchcompany.com/report/breast-pumps-global-market-report
Top Trend - Innovative Wearable Breast Pumps Revolutionizing Lactation
Major companies operating in the breast pumps market are focused on developing innovative solutions such as wearable breast pumps. A wearable breast pump is a type of breast pump designed to be worn directly on the body, allowing lactating individuals to express milk hands-free and with increased mobility. For instance, in June 2023, Momcozy, a US-based maternity and nursing products manufacturing company launched the cutting-edge 'M5 Wearable Breast Pump'. It is designed to offer a premium pumping experience, tailored for mothers who are actively engaged in their busy breastfeeding routines. The M5 wearable breast pump features a unique baby mouth-shaped design with a precise angle of 105 degrees and a soft silicone flange. Additionally, the M5 includes the exclusive vibration suction mode, designed to stimulate milk flow and elevate the overall pumping experience.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Breast Pumps Market Characteristics
3. Breast Pumps Market Trends And Strategies
4. Breast Pumps Market - Macro Economic Scenario
5. Breast Pumps Market Size And Growth
…..
27. Breast Pumps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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