Breast Pump Market to hit USD 2.5 billion by 2032, says Global Market Insights Inc.
Breast Pump Industry is anticipated to register 8.5% CAGR between 2023 and 2032 owing to increasing rate of women employment.
Selbyville, Delaware, Jan. 17, 2023 (GLOBE NEWSWIRE) —
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Innovation in wearable technologies to foster developments in battery-driven breast pumps
Battery-powered pumps held more than 45% share of the breast pump market in 2022. Battery-powered breast pumps offer a range of benefits including faster suction and pumping capacity within a limited amount of time. These pumps are primarily used across hospital settings to reduce procedural time while offering improved efficacy. Electrification trends and advancements in wearable medical technologies are expected to pave the way for battery-charged pumps. Wearable electric breast pumps are attracting new mothers, particularly working women, as they are affordable and easy to use.
Rising rate of women employment to accelerate breast pump adoption for personal use
Breast pump market size from the personal use segment is projected to exhibit over 11.5% CAGR between 2023-2032. Breast pumps are manufactured in a variety of different forms and customized to address the unique needs of young mothers as well as infants. Due to rising disposable incomes and an increasing number of working women, the adoption of breast pumps for personal use has increased substantially. Furthermore, a dramatic surge in women’s employment will complement the adoption of breast pumps for personal use.
Presence of favorable government schemes to augment North America Market
North America breast pump market share was more than 52% in 2022. Over the last decade, North America has experienced an enormous rise in healthcare spending. Solid revenue in disposable income of the population along with rapid urbanization are some of the key opportunities for breast pump manufacturers in the region. Moreover, favorable government initiatives and schemes will augment industry expansion.
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New product launches to boost breast pump industry development
Acewin Co, Ltd, Ardo Medical, Inc., Bailey Medical Engineering, Beldico, Frank Buettner GmbH, Hygeia Medical Group, Koninklijke Philips N.V, Lansinoh Laboratories, Inc, Medela AG, NUK, Pigeon Corporation, Spectra Baby are some of the leading companies in the global breast pump market.
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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