What Will The Breast Pumps Market Look Like In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s breast pumps market report forecasts the breast pumps market size to grow to $1.68 Billion by 2027, with a CAGR (compound annual growth rate) of more than 10%.
Learn More On The Breast Pumps Market Report 2023 – https://www.thebusinessresearchcompany.com/report/breast-pumps-global-market-report
Breast Pumps Market Size Forecast
The global breast pumps market is expected to grow from $1.02 billion in 2022 to $1.13 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The breast pumps market size is expected to grow to $1.68 billion in 2027 at a CAGR of 10.5%.
North America held the largest breast pumps market share, and Asia-Pacific was the fastest-growing region in 2022.
Key Breast Pumps Market Driver – Increase In The Global Women’s Employment Rate
According to the Bureau of Labour Statistics (BLS) monthly data, women’s labour force participation rate in 2020 was 56.2%. Breast pumps provide a handy way for working mothers to continue breastfeeding their babies while at work. As a result, the increasing global employment rate of women contributed to the expansion of the breast pump market.
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Key Breast Pumps Market Trend – Launching New Breast Pump Devices
The introduction of new breast pump devices with small size and portable features is an important trend in the development of the breast pump market. For example, Ameda AG, a Swiss manufacturer of hospital grade portable breast pumps and accessories, will launch the Mya Joy hospital strength personal breast pump in May 2020, which combines safe and strong pumping in a tiny and portable form for women on the move. Mya Joy provides moms looking for a pleasant pumping experience with versatile features, comfort, and safety.
Breast Pumps Market Segment
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
Breast Pumps Market Major Players and Strategies
Major players in the breast pumps market are Ameda AG, Bailey Medical, Medela AG, Ardo Medical Inc., Linco Baby Merchandise Work’s Co. Ltd., Pigeon Corporation, Hygeia Health, Lansinoh Laboratories, Whittlestone Inc., Koninklijke Philips NV, NUK, Tommee Tippee, Horigen, Evenflo Feeding, Dr. Brown’s, Babybelle, Beldico, Freemie, Willow, Buettner Frank GmbH, Spectra Baby, Canpol, Chicco, Albert International, FreiCare Swiss GmbH, Goodbaby, Snow Bear, Energizer Personal Care LLC (Playtex Baby), Jarden Corporation, and Mayborn Group Limited.
Medela, the most trusted breast pump brand in Switzerland, joined with Good+Foundation, a non-profit organisation, in July 2021. Because of the generosity of Good+Foundation partners at Medela, Good+Foundation is able to provide high-quality breast pumps to Good+ parents and families around the country.
The Breast Pumps Global Market Report 2023 covers regional data on breast pumps market size, breast pumps market trends and drivers, opportunities, strategies, and breast pumps market competitor analysis. The countries covered in the breast pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
A breast pump is a medical device used to remove milk from breastfeeding mothers’ breasts. These gadgets are usually utilised by working moms who want to continue breastfeeding their babies while at work.
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