The Breast Pump market was $2.4 Billion in 2020, and it is highly expected to reach $4.1 Billion by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 5.4% between 2020-2030. The current pandemic of COVID-19 might make a slight difference in the growth rate. However, the high demand for breast pumps is attributed to the presence of government initiatives aimed at improving consumer awareness levels, increasing incidences of lactation failure among mothers, growing women employment rates as well as improving healthcare infrastructure in emerging economies. of the global industry itself expected to boost the high demand in terms of improving the technology and therapy. All of these will be playing a significant role in the market itself. It will make a lot of growth for the market over the forecast period of 2020-2030.
Global Breast Pump Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The Breast Pump have been segmented based on products, application, technology, and many others. The competition is becoming high, and it is getting tough to challenge the Breast Pump market in terms of the advancement in increasing incidences of lactation failure among mothers, growing women employment rates as well as improving healthcare infrastructure in emerging economies. According to the past analyzation also the future prediction, this market will gain enough profit because of the large number of working mothers as well as increasing hospital grade. Hence, people are moving towards new technology-based choices. All of these factors will be increasing the growth at any stage, and the demand for this will never stop. And this market is to reach the ultimate goal during the forecast period.
North America Is Holding the Market Share By Region
Global Breast Pump market has been geographically segmented into Europe, Asia Pacific, Latin America, and the Middle East region. However, the largest share of the market is held by North America and Europe. The reasons can be many, but one of the reasons would always be attributed to the increasing amounts of working parents. Asia-Pacific region is estimated to have a slow but promising growth over the projection period. Latin America and the Middle East are estimated to witness steady growth during the period owing to the rise of new treatment. Hence, all of these will fuel in the growth during 2020-2030.
Major Players In Breast Pump Market
Key players profiled in the report Philips Avent, Pigeon Corporation, Medela, Ameda, Hygeia Medical Group II, Acewin Co, Ltd., Albert Hohlkörper Gmbh & Co Kg, Ardo Medical, Inc., Babybelle Asia Limited, and others.
The Global Breast Pump Market Has Been Segmented into:
Global Breast Pump Market, By Type
Global Breast Pump Market, By Technology
Global Breast Pump Market, By End Users
Global Breast Pump Market: By Region