Market Size of Global Breast Pumps Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 8.50 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Breast Pump Market Analysis
The breast pumps market was valued at USD 1,076.80 million in 2021, and it is expected to reach USD 1,643.14 million by 2027, registering a CAGR of 8.5% during the forecast period.
The COVID-19 pandemic impacted breastfeeding and lactation methods globally, with anti-breastfeeding clinical practices implemented early in the pandemic, which was associated with a health risk for the infant. Since the complete separation of breastfeeding mother and infant was put forward as a concern, the breast pump was a boon in the pandemic situation. The 2022 report from the University of Idaho stated that COVID-infected mothers' breastmilk provides infants with antibodies to fight against COVID-19. Moreover, during the pandemic, government sources were giving support information to the breastfeeding mother for appropriate care for the infant. For instance, the Centers for Disease Control and Prevention (CDC) update from 2022 provided information on how to properly clean and sanitize breast pumps during the COVID-19 pandemic. Hence, as per the mentioned factors, COVID-19 has had a significant impact on the breast pumps market.
The major factors driving the market's growth include increasing global women's employment rates; improving healthcare infrastructure in emerging economies; and government initiatives in support of employed mothers.
According to the statistics from the International Labor Organization (ILO) updated in February 2022, the current global labor force participation rate for women is under 47%. Many working mothers are opting for breast pumps to pump milk and feed their babies when they are away for work. WHO's fact sheet in 2021 showed that about 44% of infants 0-6 months old are exclusively breastfed. Moreover, as per the same report, exclusive breastfeeding is recommended for the first 6 months of a baby's life. Breast pumps ease the pumping of the milk and save a lot of time. Since the female employment rate is increasing globally, many women find it useful to conserve breast milk after returning to work, traveling, or otherwise when separated from their infant, which might increase the adoption of these devices among working women.
Therefore, owing to the aforementioned factors, the market is expected to witness growth over the forecast period. However, higher prices of breast pumps are likely to limit their adoption among women, thereby restraining the market's growth.