Fairfield Market Research, a leading market research firm, has recently released a preliminary report indicating a bright outlook for the global breast pumps market in the coming years. The study highlights the remarkable growth potential in this market, attributing it to the increasing demand for advanced medical technologies, the presence of major market players, and the surging economic growth and disposable income levels across the world. The primary drivers behind this growth include the rising rates of female employment, improvements in emerging economies healthcare systems, and policies supporting working mothers.
Global Breast Pumps Market: Key Statistics
- The global rate of female labor force participation stands at less than 47% according to the International Labor Organization (ILO), February 2022 statistics.
- Approximately 44% of infants aged 0 to 6 months are breastfed, according to a WHO fact sheet from 2021.
- The COVID-19 pandemic significantly impacted the breast pumps market due to its role in providing safe feeding options during the crisis.
COVID-19 Impact on the Breast Pumps Market
The COVID-19 pandemic had a substantial impact on lactation practices and breastfeeding, with breast pumps playing a crucial role in ensuring the well-being of infants. Separating nursing mothers from their infants was deemed problematic during the pandemic, making breast pumps essential. Furthermore, research from the University of Idaho in 2022 revealed that breastmilk from COVID-infected mothers contains antibodies that combat the virus, emphasizing the importance of breastfeeding. Official sources, such as the Centers for Disease Control and Prevention (CDC), also provided guidance on the proper care and cleaning of breast pumps during the pandemic, further bolstering their significance.
Increasing Public Awareness Fosters Market Expansion
Rising consumer awareness and supportive governmental initiatives are expected to drive the market for breastfeeding accessories. Prominent industry players, along with educational institutions, are actively engaged in awareness campaigns, advocating for the benefits of breastfeeding. This increased awareness, coupled with the recommendations from leading health organizations, is likely to boost demand for breast pumps in the coming years.
Milk Banks and Favorable Demographics Drive Growth
The expansion of milk banks, particularly in countries like Brazil, presents growth opportunities in the breast pumps market. The growing global population and increased fertility rates in developing and developed countries with untapped potential are expected to significantly impact the market. Birth rates and population growth are key indicators of breast pump demand, making them important factors in the markets growth during the forecast period.
Challenges Limiting Market Expansion
While breast pumps offer numerous benefits, concerns such as potential nutrient loss, contamination risks, and childhood tooth decay have raised challenges in the market. Proper cleaning and maintenance of breast milk bottles and storage containers are essential to prevent contamination. Additionally, the prolonged use of bottles may contribute to dental decay in infants.
Electric Pumps Take the Lead with Technological Advancements
Electric breast pumps are anticipated to dominate the market due to their technological advantages. These pumps provide efficient suction and enable simultaneous pumping, making them a preferred choice among working mothers. Technological innovations, including portable and quieter models, are expected to drive market growth further.
Hospital Grade Pumps Lead the Application Segment
In terms of application, hospital grade breast pumps currently hold the dominant market share. These pumps offer strong motors, a closed system to prevent contamination, and are suitable for multiple users. They are particularly beneficial for mothers with medical conditions or infants who have difficulty latching onto the breast.
Regional Market Insights
- North America is expected to account for the largest revenue share over the forecast period, driven by increased market penetration, rising female employment rates, and a well-established healthcare infrastructure.
- The Asia Pacific market is poised for stable revenue growth, primarily due to a higher birth rate and increased female employment.
- Europe is witnessing a growing awareness of the benefits of breastfeeding among lactating mothers, driven by high disposable income and technological advancements.
Competitive Landscape
Key players in the breast pumps market include Ameda (Magento, Inc.), Hygeia Health, Medela AG, Koninklijke Philips N.V., Lansinoh Laboratories, Inc., Pigeon Corporation, Motif Medical, Chiaro Technology Limited (Elvie), Willow Innovations, Inc., and Spectra Baby USA. These companies continue to innovate and introduce new products, contributing to the dynamic growth of the market.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/breast-pumps-market
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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
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This press release first seen on Brilad
COMTEX_440965149/2840/2023-09-26T07:03:10
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