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Breast Pumps Global Market Growth Opportunities, Emerging Trends, Industry Analysis And Global Forecast 2024 To 2033
Breast Pumps Global Market
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According to The Business Research Company's, 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 Drivers and Trends:
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.
Major companies operating in the breast pumps market are focused on developing innovative solutions such as electric breast pumps. Electric breast pumps are devices designed to assist lactating individuals in expressing and collecting breast milk. Electric breast pumps use an electric motor to create suction, facilitating a more efficient and hands-free pumping experience. For instance, in March 2021, Koninklijke Philips N.V., a Netherlands-based multinational company launched the 'Philips Avent Double Electric Breast Pump Advanced'. It is integrated with 'Natural Motion technology' and is designed with a compact and portable form, the latest breast pump caters to the needs of contemporary mothers who juggle a hectic lifestyle while prioritizing breastfeeding. This technology triggers a faster milk flow compared to previous models, offering mothers a more effective means of expressing breast milk. Moms can select from 8 stimulation and 16 expression levels, tailoring the pumping experience to their preferred intensity. It features a pumping belt for secure placement and a rechargeable battery, this ensures that moms aren't tethered to an outlet and can move freely during pumping sessions.
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Major Key Players of the Market:
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.
Breast Pumps Market 2024 Key Insights:
• 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%.
• Increase In Women's Employment Drives Growth In The Breast Pump Market
• Innovative Electric Breast Pumps Transforming Lactation Experience For Modern Mothers
• North America was the largest region in the breast pumps market in 2023
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