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Global Breast Pumps Market to Grow at a CAGR of 10.6% During 2021-2026, Aided by the Heightened Technological Advancements

According to a new report by EMR titled, ‘Global Breast Pumps Market Report and Forecast 2021-2026’, the market attained a value of USD 2.5 billion in 2020. The industry is further expected to expand at a CAGR of 10.6% between 2021 and 2026 to reach a value of USD 4.6 billion by 2026.

The global breast pumps industry is being driven by the favourable reimbursement policies and the rapid technological innovations. The government initiatives to ensure proper care and the development of breastfeeding facilities are contributing to the market growth. In addition, dual breast pumps are becoming extremely popular among consumers. Moreover, in terms of product, the closed system breast pumps are driving the market growth due to their hygienic and contamination-free properties. These devices also prevent the milk from going into the pump tubing and motors.

The growing focus of the leading players to expand their portfolio by including products with advanced features to strengthen their effectiveness and enhance their utility is expected to positively impact the industry growth in the forecast period. In February 2020, Newell Brands (NASDAQ: NWL) announced the launch of its new Smooth Flow Anti-Colic Bottles under its umbrella brand NUK, which aims to offer parents and their babies a satisfactory and stress-free breastfeeding experience. These bottles are helpful for women expressing breast milk and storing it for later use in order to feed their baby hassle-free, as these bottles come with a uniquely designed shape. Moreover, these bottles also come with an air vent suction technology that allows the baby to adjust the flow of the milk on its own. Such developments are expected to positively impact the growth of the breast pumps industry in the forecast period.

Market Breakup by Product, Technology, Application, and Region:

  • The market is categorised based on product into open system and closed system.
  • On the basis of technology, the market can be divided into manual, battery-powered, and electric.
  • Based on application, the industry can be segmented into personal use and hospital grade.
  • Region-wise, the global market for breast pumps can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for breast pumps is being driven by the heightened technological advancements.
  • The favourable reimbursement policies have significantly contributed to the market expansion.
  • The rapidly increasing global population is also aiding the industry growth.
  • The growing investments in the research and development of breast pumps manufacturing are further propelling the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for breast pumps for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the products, technologies, applications, and major regions of breast pumps.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global breast pumps market are Bailey Medical Engineering, Ameda, Inc, Medela AG, Linco Baby Merchandise Works Co., Ltd., and Koninklijke Philips N.V., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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