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Breast Pump Market to Reach USD 890.73 Million by 2030 at a CAGR of 6.8% | Valuates Reports

Breast Pump Industry is Segmented By Product Type (Closed System Breast Pumps, Open System Breast Pumps), By Technology (Manual Breast Pumps,…

By Girl Power News , in News , at October 26, 2022

Breast Pump Industry is Segmented By Product Type (Closed System Breast Pumps, Open System Breast Pumps), By Technology (Manual Breast Pumps, Electric Breast Pumps), By Application (Personal Use Pumps, Hospital Grade Pumps): Global Opportunity Analysis and Industry Forecast, 2020-2030.

The global breast pumps market was valued at USD 461.1 Million in 2020 and is estimated to reach USD 890.73 Million by 2030, growing at a CAGR of 6.8% from 2021 to 2030.

Major factors driving the growth of the breast pumps market are:

Increased birth rates, especially in emerging nations, signal a rise in the number of breastfeeding moms, who could become a major market for breast pumps. A rise in mothers’ purchasing power as a result of an increase in the number of dual-income households has a beneficial impact on the breast pump market.

Additionally, lactating moms are becoming more and more aware of the advantages and significance of breastfeeding. Due to the global rise in literacy rates, people are now eager to incorporate new medical technologies into their daily lives.

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TRENDS INFLUENCING THE GROWTH OF THE BREAST PUMP MARKET

There are several breast pumps available that meet the demands of nursing mothers, giving consumers more options for affordable purchases. Additionally, lactating moms are becoming more and more aware of the advantages and significance of breastfeeding. Due to the global rise in literacy rates, people are now eager to incorporate new medical technologies into their daily lives. High adoption rates are indicated by the great economic growth in developing markets. Therefore, the market for breast pumps is growing due to increased knowledge of breastfeeding, an increase in disposable income, and technical developments. The market for breast pumps has expanded as a result of the increased availability of technologically improved breast pumps, such as single and double electric pumps, as well as increased knowledge of the advantages of breastfeeding.

The timing of feedings can be managed by caretakers by pumping milk. They can choose a schedule that works for them and stick to it, pumping as needed. Controlling feeding times can make it easier to go back to work and possibly free up more time. This factor is expected to drive the breast pump market growth.

One method of addressing problems with breast milk supply is by pumping, and this factor is expected to further increase the use of breast pumps thereby driving the market. To enhance their supply, some people decide to pump after every breastfeeding session. If someone is worried about their milk supply, pumping can also help them accumulate a freezer supply.

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BREAST MARKET SHARE:

Based on type, the open-system breast pump market was the most popular since it was more widely available and used. The barrier ensures that your breast milk goes through an entirely hygienic system by preventing leakage into the pump. A pump with an open system has no barrier. Before operating the pump again, care must be taken to thoroughly clean the tubing and make sure it has totally dried out.

The electric breast pump segment is expected to be the most lucrative, due to the widespread availability of single and double-electric-based breast pumps. For women who express frequently or exclusively, an electric breast pump is the best option because it is quicker than a manual pump, allowing you to express and retain more breast milk in less time. This is especially ideal for mothers who must express themselves at work but may only have a short window of time to do so.

Because of the large number of baby boomers, rising disposable incomes, and unfulfilled demand in the region, analysts predict that the Asia Pacific will expand. Furthermore, the APAC breast pump business anticipates that India and Japan would experience rapid growth.

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Key Market Players

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