The global breast pump market size was estimated to be US$ 683.7 Million in 2018. A breast pump refers to a medical device which is used to extract milk from lactating mothers. It helps in preventing discomfort, averting the risk of breast infection and engorgement, relieving mastitis and overcoming inverted or flat nipples. These pumps are also used as an alternative to breast feeding and can be utilized to stimulate lactation in women with low milk production. In recent years, the manufacturers have developed pumps that are safer and more efficient in collecting milk which has led to a rise in the sales of these devices. Moreover, increasing healthcare expenditure and improving access to medical devices have increased the demand for breast pumps worldwide.
Global Breast Pump Market Trends:
Nowadays, working women are adopting the use of breast pumps as they help in feeding the baby when they are away for work. Moreover, the various government initiatives worldwide are helping o create awareness among females about the benefits and importance of breast feeding which, in turn, has generated huge demand for these pumps. Apart from this, technological advancements in design and effectiveness, such as double pumping 2-phase expression technology, have helped in reducing the extraction time and providing maximum comfort. This technology also makes it easier for women to shift from breast feeding to pumping. The market is projected to grow at a CAGR of 6.5% during 2019-2024, reaching a value of US$ 997.7 Million by 2024.
Breakup by Type:
Currently, closed system breast pumps represent the most popular product type, accounting for the largest market share. These pumps offer a more hygienic milk collection mechanism and help in preventing contamination.
Breakup by Technology:
Battery-powered pumps are witnessing the fastest growth on account of the numerous advantages offered by them, such as portability, light-weight, and no requirement of electricity points.
Breakup by Application:
According to industry analysis, the personal care segment dominates the market as women prefer to use individual pumps in the comfort of their homes, having a personal device also helps in reducing the chances of cross-contamination.
North America enjoys the leading position in the market owing to increasing awareness about breast feeding, advanced healthcare infrastructure and better access to these devices in the region. However, emerging economies such as Asia Pacific, Middle East and Latin America are also expected to witness steady growth in the upcoming years.
The competitive landscape of the market has also been examined with the presence of a few small and large manufacturers who compete in terms of prices, innovation and quality. Some of the key players operating in the market are:
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