As per Inkwood Research, the Global Breast Pump Market is predicted to grow with a CAGR of 8.00% in terms of revenue over the forecast period of 2022-2030.
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Breast pumps are characterized as mechanical devices used by lactating women for the extraction of milk from breasts. These devices can either be manually powered by foot or hand movements, or automatically powered by electricity.
Global Breast Pump Market Growth Fueled by Increasing Women Employment Rates
As per the International Labor Organization (ILO), gender equality, as well as opportunities for working women, have substantially progressed over recent years. Presently, working women are inclined towards breast pumps for the purpose of pumping milk and feeding their babies when going to work. Moreover, this factor also helps working mothers save time.
Initiatives introduced by government authorities across the globe are also encouraging women to work. For example, the amendment to the Maternity Benefit Act in India aims to proliferate women’s participation in the workforce by offering benefits, including an increase in maternity leave. As a result, the rising number of working women worldwide is expected to play an essential role in fueling the global breast pump market growth during the forecast period.
Electric Pumps Segment to Dominate the Technology Category
The electric pumps segment is projected to be the major technology during the forecast period. Electric pumps provide the advantage of more suction, thus making the process of pumping relatively faster. Moreover, these devices also enable the pumping of both breasts at the same time. As compared to a normal pump, the double pumping model reduces the time taken to pump breast milk. Hence, owing to these benefits, electric pumps are highly preferred over other technologies, especially by working women.
North America to Hold Significant Share of the Global Market
The notable growth of the North America breast pump market is predominantly credited to the surging number of working women in the region. Aligning with this, working mothers can take breaks during work hours in order to provide breast milk for their children under the Affordable Care Act, an integral factor projected to bolster market growth in North America.
Electric, as well as automated breast pumps are also available at affordable rates for working women in the region. On the other hand, government initiatives and policies for raising awareness about breastfeeding are set to augment the market growth in North America. In this regard, Healthy People 2010, introduced by the United States government, plays an important role in encouraging breastfeeding.
Some of the top companies operating in the global breast pump market include Ameda (Magento Inc), Medela AG, Koninklijke Philips NV, Hygeia Health, etc.