Breast Pump Market: Industry Perspective, Comprehensive Analysis, Size, Share, Forecast 2027

Page 1

Breast Pump Market Size, Growth Trends, Top Players, Application Potential and Forecast to 2027 The unprecedented growth of the global breast pump market is attributed to the increase in the birth rate throughout the world aligned with the rise in the rate of women employment. In addition, the augmented acceptance and awareness regarding beast pumps will create lucrative growth opportunities for the market over 2021-2027. According to a report by Global market Insight, Inc., the breast pump market is predicted to expand beyond USD 1.8 billion through 2027. To access a sample copy or view the market report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/729 The growth of the breast pump market will further be accelerated by the advancements in technology and the industry players who contribute in the development of better feature products. In a recent example, Elvie, in partnership with SourceCode introduced the worldsfirst silent wearable breast pump that gained attention of a lot of customers. In another example Naya Health, Inc. launched Naya pump with water-centered technology. The devise enables mothers to manage the machine and keep track of the milk consumed by the baby and milk extracted. Imperative to note that the increase in the women employment is as well likely to create a huge demand for the breast pumps. As per the U.S Bureau of Labor Statistics, in 2020, 77.5% of the mothers with children under 6 years of age worked full time. . Considering these statistics, it would be essential to state that breastfeeding the babies will pose a huge challenge to the working women, thus augmenting the breast pump market. Easily functionable breast pumps with less maintenance in comparison to the advanced versions will spur the market demand. These pumps offer a basic mechanism along with hygiene benefits, increased potency, and less contamination risks, creating growth prospects for the market. For the customers demanding hi-tech products, battery infused breast pumps will create enormous demand in this segment. The rapid suction and pumping ability of these pumps in less time frame will propel their demand to a greater extent. An expected growth rate of 6.6% CAGR through 2027, will drive the market in the predicted timeframe. Wide acceptance of breast pumps in hospitals A surge in the number of births in the hospital settings will drive the segment growth in the foreseeable future. Hospitals contributed more than 85% in the market growth in 2020. While breastfeeding, a lot of women fail to generate adequate amount of milk to feed the baby. This creates a demand for breast pump in hospitals to stimulate expression of breast milk in © 2022 Global Market Insights Inc. All Rights Reserved

www.gminsights.com


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.