Global breast pump market projected to reach USD 6.45 billion by 2033, driven by innovation and demand

From GlobeNewswire: 2024-07-01 08:00:00

The Global Breast Pump Market is projected to grow from USD 2.87 billion in 2023 to USD 6.45 billion by 2033, with a CAGR of 8.43%. The market offers innovative products like wearable and double electric pumps. Engorgement is a key driver for demand, but high costs and contamination risks hinder growth.

The closed-system segment is expected to dominate the global breast pump market due to improved hygiene and reduced contamination. These pumps use barriers to prevent milk from contacting the pumping mechanism, enhancing safety and milk quality, and reducing the risk of mold, bacteria, and viruses.

Electric pumps are projected to hold the largest share of the global breast pump market, offering greater suction and efficiency compared to manual pumps. They allow for double pumping, reducing time and increasing convenience. Hospital-grade pumps, with strong motors and a closed system to prevent contamination, are expected to dominate the market for application.

North America is projected to lead the global breast pump market due to rising healthcare costs, technological advancements, and market awareness. Asia-Pacific is anticipated to grow rapidly, driven by a large baby boomer demographic and increasing disposable incomes. Major players include Medela AG, Freemie, Philips N.V., and more.

Recent developments include the release of Pigeon’s GoMini Plus electric breast pump and Lansinoh’s introduction of the Lansinoh Wearable Pump. The market is segmented by product, technology, application, and region for detailed analysis. Major vendors focus on product development and partnerships to stay competitive.



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