Breast pump revenue is projected to increase at a compound annual growth rate (CAGR) of 10.5% from 2023 to 2029, reaching around USD 5.58 billion. The breast pump market was valued at USD 2.77 billion in 2022.
Breast Pump Market Overview:
This study aims to give a comprehensive analysis of the Breast Pump market by geography, industry, and segments. The report offers comprehensive details on the key elements driving the expansion of the Breast Pump sector. The value chain of the market is also thoroughly examined in this report.
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The first step in the research process used to evaluate and forecast the Breast Pump market is obtaining revenue information from important suppliers using secondary research sources. Vendor offerings are taken into account while developing market segmentation. The income of large firms was used to estimate the overall size of the Breast Pump market using the bottom-up methodology.
There are a number of reasons why a newborn cannot acquire enough mother's milk, including reduced breastfeeding, the mother passing very soon after giving birth, and hormonal imbalance. In any of the foregoing scenarios, a human milk bank is the ideal choice because a baby's health and nourishment depend on being fed with its mother's milk. In wealthy countries, human milk banks are becoming more and more prevalent, offering mothers who are unable to produce milk critical support. However, before feeding milk to a newborn, high sterilization and pasteurization are important factors to take into account.
For instance, in North America, approved non-profit milk banks across the US and Canada have been suggested by the Human Milk Banking Association of North America (HMBANA).
In terms of revenue, the closed system segment accounted for the largest portion of the worldwide breast pump market in 2022, with a share of over 68%. Over the course of the projection period, the segment is anticipated to continue to dominate and grow at a CAGR of 10.2%. The main reason for the rising use of these pumps is the improved hygienic and contamination-free conditions of these systems. Since closed breast pumps are likely to account for a larger portion of the market during the projection period, open systems are gradually being replaced by closed ones.
Breast pumps with closed systems use a motor to prevent tainted collected milk, or a lid or layer that acts as a barrier between a collection kit and the pumping equipment.
• Closed system
• Open system
• Battery powered
• Personal use
• Hospital grade
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Key Players: the key players are:
• Ameda AG
• Bailey Medical
• Medela AG
• Hygeia Health
• Lansinoh Laboratories
• Buettner Frank GmbH
• Linco Baby Merchandise Works Co., Ltd.
• Whittlestone, Inc.
• Koninklijke Philips N.V.
• Pigeon Corporation
• Acewin Co, Ltd
• Albert Hohlkörper GmBH & Co Kg
• Ardo Medical, Inc
• Babybelle Asia Limited
• Bailey Medical Engineering
• Motif Medical
• Chiaro Technology Limited (Elvie)
• Willow Innovations, Inc.
• Spectra Baby USA
• Mayborn Group
• Handi-Craft Company
Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
A detailed Market Overview
Market Share, Size & Forecast by Revenue | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by segments and sub-segments
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research
Key Questions Answered in the Breast Pump Market Report are:
Which market segment held the biggest share in Breast Pump?
How is the Breast Pump market's competitive environment?
Which are the main elements influencing the growth of the Breast Pump market?
Which area of the Breast Pump market has the most share?
What will the Breast Pump market's compound annual growth rate be between 2023 and 2029?
Historical Market Size and Competitive Environment (2021–2023)
Historical pricing and regional price curves (2021–2023)
The market's size, share, size, and forecast for each segment from 2023 to 2029
Market Dynamics: Regional Growth Drivers, Opportunities, Barriers, and Important Trends
Market segmentation: a thorough examination of each segment, along with its sub-segments, by region
Competitive Landscape: Strategically oriented profiles of a few major companies broken down by area
Market leaders, market followers, and regional players make up the competitive landscape.
Comparative analysis of major players by geographical area
Analysis of supply chains and value chains
Regional Legal Aspects of Business
profitable business prospects using SWOT analysis
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