Pune, Jan. 29, 2024 (GLOBE NEWSWIRE) -- According to the latest report published by Growth Plus Reports, the global Breast Pumps Market is expected to clock US$ 2.52 billion by 2031 and to grow at a CAGR of 4.58% during the forecast period.
The global Breast Pumps Market is experiencing significant growth, driven by the increasing awareness of the benefits of breastfeeding, the rising number of working mothers, and continuous advancements in breast pump technology. A comprehensive analysis of the market reveals a dynamic landscape dedicated to supporting breastfeeding mothers and promoting infant health.
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Breast Pumps Market Scope
| Report Attribute | Details |
| Market size value in 2021 | US$ 1.76 billion |
| Revenue forecast in 2030 | US$ 2.52 billion |
| Growth Rate | CAGR of 4.58% from 2022 to 2030 |
| Base year for estimation | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | Product, Technology, Application, and Region |
| Regional scope | North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
Market Overview:
Breast pumps play a crucial role in facilitating breastfeeding for mothers who may face challenges such as returning to work, breastfeeding difficulties, or the need for milk expression. The market is witnessing robust expansion as breastfeeding gains prominence as the optimal infant feeding method, and women seek convenient and efficient solutions to support their breastfeeding journey.
Key Market Drivers:
- Growing Awareness of Breastfeeding Benefits: Increased awareness of the health benefits associated with breastfeeding, including optimal nutrition for infants and health benefits for mothers, is a primary driver for the growth of the breast pumps market. Breast pumps enable mothers to provide breast milk even when faced with challenges that may hinder direct breastfeeding.
- Rising Number of Working Mothers: The growing number of women entering the workforce and the desire to balance professional and family life contribute to the demand for breast pumps. Electric and portable breast pumps allow working mothers to express and store breast milk conveniently, supporting continued breastfeeding even when physically apart from their infants.
- Advancements in Breast Pump Technology: Ongoing technological advancements have led to the development of more efficient, comfortable, and user-friendly breast pumps. Innovations such as smart pumps, adjustable suction levels, and quieter operation enhance the overall experience for breastfeeding mothers, driving the adoption of advanced breast pump solutions.
Competitive Landscape:
The global Breast Pumps market features a competitive landscape with key players contributing to technological advancements and market growth. The report profiles major companies, offering insights into their product portfolios, market share, distribution networks, and recent innovations.
Challenges and Opportunities:
While the Breast Pumps market presents significant opportunities, challenges such as reimbursement issues, product recalls, and concerns about the comfort and effectiveness of breast pumps need to be addressed. However, ongoing research and development, partnerships with healthcare providers, and the potential for market expansion in emerging economies offer avenues for growth.
Table of Content
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Historical Years – 2020
- Base Year – 2021
- Forecasted Years – 2022 to 2030
- Currency Used in the Report
- RESEARCH METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trend (COVID-19 Perspective)
- Technological Trends
- Key Players & Competitive Positioning (2021)
- MARKET DYNAMICS
- Drivers
- Restraints/Challenges
- Opportunities
- GLOBAL BREAST PUMPS MARKET - ANALYSIS & FORECAST, BY PRODUCT
- Open System Breast Pump
- Closed System Breast Pump
- GLOBAL BREAST PUMPS MARKET - ANALYSIS & FORECAST, BY TECHNOLOGY
- Powered Breast Pump
- Manual Breast Pump
- Electric Breast Pump
- GLOBAL BREAST PUMPS MARKET - ANALYSIS & FORECAST, BY APPLICATION
- Personal Use
- Hospital Grade
Future Outlook:
The report provides a forward-looking perspective on the Breast Pumps market, offering insights into potential growth opportunities, emerging trends, and factors that could shape the market in the coming years. With a focus on maternal and infant health, the global market is poised for continued innovation and adoption of advanced breast pump solutions.
In conclusion, the report serves as a valuable resource for industry stakeholders, providing a comprehensive analysis of market trends, challenges, and opportunities. As breastfeeding continues to be prioritized, the Breast Pumps market is expected to play a vital role in supporting mothers and promoting the health and well-being of infants worldwide.
VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on 'Strategic Developments' registered by leading players of the market
CUSTOMIZATION OPTIONS:
- Distributor Landscape Assessment
- Pricing Intelligence
- Customer Base Assessment
- Investment & Initiatives Analysis
- 'Business Profile' of Key Players
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