The breast pumps market has witnessed rapid growth, with its size increasing from $1.15 billion in 2023 to $1.3 billion in 2024, representing a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period is attributed to factors such as maternal employment rates, advocacy for breastfeeding, legislative support, healthcare initiatives, a focus on postpartum health, and the influence of social and cultural factors. Moving forward, the breast pumps market is expected to continue its rapid growth, reaching $2.01 billion in 2028 at a CAGR of 11.5%. Anticipated growth in the forecast period can be linked to global health initiatives, workplace inclusivity, the demand for sustainable products, economic empowerment, and changes in family structures. Major trends in the forecast period encompass the integration of smart breast pump technology, the development of portable and wearable breast pumps, customizable pumping experiences, the integration of telehealth for lactation support, and the introduction of sustainable and eco-friendly pumping products.
Major Driver In The Breast Pumps Market
The burgeoning global women's employment rate is contributing to the expansion of the breast pump market. Recent years have witnessed significant strides in offering employment opportunities for women across various sectors. According to the Bureau of Labor Statistics (BLS), the labor force participation rate for women aged 16 to 19 stood at 37.2% in 2022. Breast pumps provide a convenient solution for employed women to sustain breastfeeding while managing their professional responsibilities. Consequently, the increasing global women's employment rate adds impetus to the growth of the breast pump market. In 2023, the breast pump market recorded a valuation of $A billion and is forecasted to reach $B billion by 2024, further climbing to $C billion by 2028.
Request A Free Sample Of The Global Breast Pumps Market Report
Breast Pumps Market Competitive Landscape
Tommee Tippee International Limited, Koninklijke Philips N.V., Goodbaby International Holding Ltd., Jarden Corporation, Energizer Personal Care LLC, Artsana S.p.A., Pigeon Corporation, Medela AG, NUK USA LLC, Horigen Group, Lansinoh Laboratories Inc., Mayborn Group Limited, Dr. Brown's LLC, Willow Innovations Inc., Ameda AG, Evenflo Company Inc., Albert International, Beldico N.V., Freemie LLC, Bailey Medical LLC, Ardo Medical Inc., Linco Baby Merchandise Work's Co. Ltd., Hygeia Health, Whittlestone Inc., Babybel S.A., Büttner Frank GmbH & Co. KG, Spectra Baby USA Inc., Canpol Sp. z o.o., FreiCare Swiss GmbH, Snow Bear Baby Products Co. Ltd.
Key Breast Pumps Market Trend
Major companies in the breast pumps market are focusing on developing innovative solutions such as electric breast pumps. These devices assist lactating individuals in expressing and collecting breast milk more efficiently. For example, in March 2021, Koninklijke Philips N.V., a Netherlands-based multinational company, launched the ‘Philips Avent Double Electric Breast Pump Advanced.’ Integrated with ‘Natural Motion technology’ and designed to be compact and portable, this breast pump caters to the needs of modern mothers who juggle a hectic lifestyle while prioritizing breastfeeding. The technology enables faster milk flow compared to previous models, offering a more effective means of expressing breast milk. It features eight stimulation and sixteen expression levels, a pumping belt for secure placement, and a rechargeable battery, allowing mothers to move freely during pumping sessions.
Get The Full Global Breast Pumps Market Report
Breast Pumps Market Segmentation
The breast pumps market covered in this report is segmented –
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
By Geography:The regions covered in the breast pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the breast pumps market in 2023.
The Breast Pumps Global Market Report 2024 furnishes information about the global breast pumps market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
