The global breast pumps market Size, by Product Type (Open-system and Closed-system), by Technology (Manual, Single Electric, and Double Electric), by End User (Hospital & Clinics, Homecare Settings, Maternity Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), was valued at US$ 696.4 Mn in 2018 and is expected to exhibit a CAGR of 5.9% over the forecast period (2020–2027), as highlighted in a new report published by Coherent Market Insights.
The demand for electronic breast pumps is gaining high traction due to its adjustable suction level, which makes it easy to use. In emerging economies, use of pumps on rental basis is gaining popularity, as it is a cost-effective option for working women. A battery-powered pump further increases the convenience for women on-the-go who cannot find an electrical source for operating electric pump.
However, most women, especially in emerging economies such as India do not have insurance and thus, prefer the more cost effective manual pumps. This scenario is changing rapidly with higher disposable income in these regions, thereby resulting in increasing adoption of electric breast pumps by women.
Browse 26 Market Data Tables and 29 Figures spread through 150 Pages and in-depth TOC on Global Breast Pumps Market, by Product Type (Open-system and Closed-system), by Technology (Manual, Single Electric, and Double Electric), by End User (Hospital & Clinics, Homecare Settings, Maternity Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2027
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Closed breast pump systems are more secure and offer higher safety element, which in turn increases its demand in the global breast pumps market. Moreover, closed breast pumps can be used multiple times and for longer period as compared to open breast pumps, which makes it a cost-effective option. To enhance the comfort and convenience in expressing milk, Naya Health, Inc. introduced a smart breast pump in December 2016. This smart breast pump based on water pumping technology connects the pump to the Naya Health Tracker app, which helps the mother control the machine and track the amount of milk expressed and consumed by the baby, thereby effectively managing nursing sessions. The first smart breast pump launched by Medela AG in November 2016 aimed at providing nursing mothers with access to expert tips and clinically proven support.
According to the U.S. Department of Labor (DOL), around 57% of women were part of the active workforce in the U.S. in 2015. The DOL projects that by 2024, women in the age group of 25 to 34 years would constitute major share of employed women in the U.S. These factors are projected to drive the U.S. breast pumps market growth over the forecast period.
According to the Australian Bureau of Statistics, women constituted 46.2% of total workforce in Australia as of August 2016. According to the 2015 report from International Monetary Fund, gender gap in workforce is highest (51 percentage points) in the Middle East and North Africa. Societal factors in certain emerging economies such as India, Pakistan, and Nepal play a major role in the lower percentage of women in the workforce in these countries. Moreover, awareness level about breast pumps in these regions is relatively low. These are the major factors restraining the Asia Pacific breast pumps market growth.
Key Takeaways of the Global Breast Pumps Market:
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