According to our new market research study titled “Breast Pump Market Forecast to 2028 – Global Analysis by Type, Technology, Distribution Channel, and Geography,” the market is expected to reach US$ 5,778.97 million by 2028 from US$ 2,574.00 million in 2020. The market is estimated to grow at a CAGR of 10.7% from 2021 to 2028. The report highlights the trends prevalent in the global breast pump market and the factors driving the market along with those that act as deterrents to its growth.
Breast pump is a medical device that helps extract milk from a lactating woman. It is a handled device that can be powered either manually or operated via battery. Breast pump is the most popular device among working new mothers or those who are frequently away from their newborns. These devices have adjustable suction level to avoid discomfort. Breast pump is available in two forms—single pump and double pumps—that help in time saving and storing milk for later feeding period.
The breast pump is an emerging market consisting of the good and countable number of players, having considerable revenue in the market. Most of the companies operating in the global breast pump market offer breast pumps to the mothers who need to feed their babies. Breast pump is most popular device in working women or those who are frequently away from their babies. These devices have adjustable suction level to avoid discomfort. Breast pump is available in two forms- single pump and double pumps which help in time saving and storing milk for later feeding period.
The most notable market participants are Pigeon Corporation, Ardo medical, Inc., Ameda, Inc., Koninklijke Philips N.V., Medela LLC, Evenflo Feeding, Albert Hohlkörper GmbH & Co. KG, Mayborn Group Limited, Hygeia Healthcare, and Spectra Baby USA among the others. These companies have occupied a considerable share of the market owing to their product offerings to the companies.
Market leaders are involved in organic and inorganic growth strategies in the breast pump market. For instance, the companies have maximized their growth with few organic strategies to enhance the market value and position in the market. The organic developments in the market were maximum among the development in the breast pump.
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