Breast Pumps Market, By Product type (Close System and Open System), By Technology (Manual, Electric, and Wearable), By End User (Homecare Settings, Hospitals, and Maternity Centers), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Sep 2023

Code : CMI81

Pages :296

Formats :

Excel and PDF

Industry : Medical Devices

Breast Pumps MarketSize and Trends

The global breast pumps market is estimated to be valued at US$ 1,012.7 Mn in 2023 and is expected to exhibit a CAGR of 4.6% during the forecast period (2023-2030).

Figure 1. Global Breast Pumps Market Share (%), By Product Type, 2023

Global Breast Pumps Market– Drivers

Increasing product launch: Increasing organic growth strategies, such as product launches by key market players to expand their product portfolio, are expected to drive the growth of the global breast pumps market over the forecast period. For instance, in January 2020, Willow Innovations, Inc., a manufacturer of breast pumps, announced the launch of Willow Generation 3 pumps. The next iteration of Willow's life-changing breast pump features groundbreaking technology that reinforces their commitment to create the smartest and most productive pumping experience for moms.
Benefits associated with breast pumps: The benefits associated with breast pumps are expected to drive the global breast pumps market’s growth over the forecast period. For instance, in November 2020, According to Pumps for Mom, a breast pump company, breast pumps offer the following benefits: For example, ease of use, flexibility, incredible convenience, and co-feeding are anticipated to drive market growth during the forecast period.

Global Breast Pumps Market: Key Trends

Increasing inorganic growth strategies such as investment and funding: Increasing inorganic growth strategies such as investment and funding by key market players to expand their product portfolio is expected to drive market growth over the forecast period. For instance, in September 2020, Willow Innovations, Inc., a provider of breast pumps, announced that the company had received US$55 million in funding from the investors led by the National Education Association (NEA), the largest labor union in the U.S., Meritech Capital Partners, a venture firm, and Lightstone Ventures, a venture capital fund. With this funding Willow Innovations, Inc., expand the product line to include more offerings for new mothers.