Breast Pump Market worth over $1.9bn by 2027

Breast Pump Market size is set to surpass USD 1.9 billion by 2027, according to a new research report by Global Market Insights Inc.
 

Increasing government initiatives regarding breastfeeding in several economies will accelerate the market growth. Availability of reimbursement policies and insurance covered for product offerings is expected to drive the market expansion potential. Additionally, key industry leaders offer wide array of customer services for infants and mother with secured health plans will fuel product demand of the breast pumps. Moreover, several companies are in collaboration with insurance companies to promote their product portfolio. Furthermore, increasing awareness about breastfeeding benefits and rising disposable income in developed countries will boost market progression during the forecast timeframe.

 

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Growing rate of women empowerment in several countries will enhance the breast pump market demand. Also, increasing birth rate across the world is predicted to offer lucrative growth opportunities to the market. In addition, increasing awareness about advantages of breast pumps in working class women such as management and storage of milk will influence the industry growth. Further, several difficulties in breastfeeding such as poor attachment, engorgement, nipple soreness and breast refusal will stimulate the industry expansion.
 

Numerous technological advancements in closed systems will fortify the segment growth

Closed system breast pump segment was valued at more than USD 1 billion in 2020. The closed system breast pumps offer more hygienic and contamination-free alternative than open breast pumps. As closed system acts as barrier between collection kit and pumping motor, this prevents contamination of breast milk and offers safety, thereby driving customer preference. In addition, introduction of portable closed breast pumps in the market by key participants will fuel the segment revenue growth.
 

Browse key industry insights spread across 130 pages with 149 market data tables & 15 figures & charts from the report, Breast Pump Market Size By Product (Open System, Closed System), By Technology (Manual Pumps, Battery Powered Pumps, Electric Pumps), By Application (Personal Use, Hospital Grade), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027 in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/breast-pump-market
 

Technological advancements with enhanced safety in electric pumps will spur the market value

Electric pumps segment in the breast pump market is poised to witness 10.3% growth rate through 2027. Electric pumps with motor integration offer enhanced milk suction capacity in short period. Continuous development of products by several manufacturers in the market such as Philips’ Isis iQ Duo breast pump and Purely yours ultra-breast pump of Ameda AG.
 

High adoption of advanced breast pumps for personal use among working women will offer unprecedented growth opportunities

Personal grade segment is estimated to attain a CAGR of 11.5% till 2027. High acceptance of customized breast pumps with ease of use and high product accessibility among population will augment product demand. Moreover, rising number of working-class women worldwide will further boost demand for breast pump in the coming years.  High usage for personal breast pumps to avoid contamination and allergic conditions will propel the segment expansion.
 

Increasing breast milk banks along with breast milk donors to impel the product demand in North America region

North America breast pump market held the largest revenue share in 2020 led by the increasing government initiatives and favorable insurance policies for breastfeeding and its accessories. Extensive marketing, promotion and collaborations with insurance companies by leading industry players will enhance the product demand. This results in availability of broad range of products across the region. Further, rising number of breast milk banks and donors in the region to influence industry progression in the region. 
 

Strategic collaboration and product launch will fortify business expansion capabilities of the industry players

Some of the notable key companies operating in the market are Philips, Bailey Medical, Pigeon, Hygeia Health, Babybelle, and Medela among others. Growth strategies such as mergers & acquisitions and partnerships are being undertaken by these companies to expand their market presence.
 

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