The companies featured in the breast pump market are Ameda AG, Bailey Medical, Babybelle, Koninklijke Philips NV, Medela AG, Ardo Medical Inc., Beldico, Linco Baby Merchandise Works Co. Ltd, Freemie, Willow, and Pigeon Corporation.
DUBAI, United Arab Emirates, April 18, 2022 (GLOBE NEWSWIRE) — FMI, an ESOMAR-certified market research firm, says the global breast pump market valuation of US$1.71 billion in 2022. During the forecast period (2022-2027), the market is expected to grow at a CAGR of 4.6%.
The world of baby food has been experiencing a “quiet revolution” since 2005. The use of electric pumps has multiplied since then. Initially, it was reserved for mothers of premature babies in the NICU, but the current scenario is such that even term infants are fed expressed milk.
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A list of key players covered by the breast pump market Are:
- Koninklijke Philips NV
- Pigeon Corporation
- Newell Brands
- Medela LLC
- Ardo Medical AG
This could be attributed to the fact that the awareness regarding breast pumps is increasing day by day in developed economies, in the United States in particular.
Even in European economies, electric breast pumps are made available for hire. Thus, regular use as well as occasional use is sufficient. These uses are likely to justify the breast pump market over the forecast period (2020-2030).
In the United States, the “Affordable Care Act” stipulates that the cost of the breast pump is 100% reimbursable and that it is mandatory for employers to provide space and time for working mothers to express their milk.
In developing economies like India, the use of breast pumps is catching up in metros as more and more women fall foul of the corporate world. Thus, Asia-Pacific will soon experience exponential growth in the breast pump market over the next 10 years.
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Key Takeaways from Breast Pump Market Research
- Open system breast pumps held the largest market share in 2019
- By technology, electric breast pumps accounted for the highest revenue in 2019
- Cumulatively, North America and Europe accounted for over 60% of the market share in 2019 and the trend is also expected to continue.
“Breast pump, a gift of advanced medical technology and happiness for working mothers, resulting in increasing adoption. Additionally, increase in promotional campaigns is likely to drive the growth of the pump market milk,” said the IMF analyst.
Breast milk banks: a catalyst for the breast pump market
Late pregnancies are detrimental to breastfeeding. In other words, late pregnancies often prevent women from breastfeeding. According to the WHO, breast milk is imperative at least for the first six months as it helps boost immunity. However, for infants whose mother’s mammary glands are unable to produce milk or whose mother has a disease that cannot be transmitted to the infant; breast milk banks are the solution.
Donors must inform breast milk banks. The banks then send breast pumps to the donors so that they can express the milk and store it in bottles. Then the same milk is collected by the banks and given to infants in need. The Human Milk Banking Association of America has actively served in this regard. Currently, mothers infected with Covid-19 cannot pass their milk to infants.
Milk from milk banks helps here. Elvie had offered a “milk shuttle service” at CES 2020; where they used to collect milk from moms who attended the show and ensure safe storage by placing it in medical-grade refrigerators.
In India, there are currently 14 breast milk banks. Milk banks are expected to be a key growth driver in the coming period.
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Future Market Insights brings the comprehensive research report on predicted revenue growth at global, regional and country levels and provides analysis of latest industry trends in each of the sub-segments from 2015 to 2030. milk is segmented in detail to cover all aspects of the market and present a comprehensive market intelligence approach to the reader.
The study provides compelling insights into the Breast Pump Market based on Product Type (Closed System Breast Pump, Open System Breast Pump), Technology (Electric Breast Pump, Manual Breast Pump) , end-user (home care facilities, healthcare facilities) in seven major regions. .
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1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
2.3. Inclusions and exclusions
3. Key Market Trends
3.1. Key trends impacting the market
3.2. Product Innovation / Development Trends
4. Market context
4.1. Regulatory scenario
4.2. Technology Adoption Analysis
4.3. Refund scenario
5. Market context
5.1. Macroeconomic factors
5.1.1. Global GDP Growth Prospects
5.1.2. Global Health Outlook
5.2. Predictors – Relevance and Impact
5.3. Market dynamics
5.4. COVID19 crisis analysis
5.4.1. Current statistics on COVID19 and likely future impact
5.4.2. Current GDP projection and likely impact
5.4.3. Current economic projection compared to 2008 Economic analysis
5.4.4. COVID19 and impact analysis
184.108.40.206. Turnover by product
220.127.116.11. Revenue by country
5.4.5. Market scenario 2022
5.4.6. Quarter-by-quarter forecasts
5.4.7. Projected recovery Quarter
5.4.8. Recovery scenario – Short, medium and long term impact
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