Breast pump is a medical device used for the extraction of milk from breasts of a lactating woman, and are operated either manually or electronically. According to the World Bank, out of 3.4 billion labor force, 39.3% are female; and a considerable growth of the has been observed over the years. With the rise in percentage of working woman globally, there will be constant demand for such devices that aids in breastfeeding and nursing the babies without affecting their work. There has been an increase in the awareness with respect to the benefits associated to feeding babies with breast milk and the also the use of breast pump in both developed and developing countries. The government also provides support to such initiatives; all these factors drive the growth of the global breast pump market. Further, the use of these pumps is recommended by doctors to woman in cases of engorgement, a clinical condition affecting mammary glands due to pressure exerted by storage of breast milk. The device also helps in cases where babies are unable to latch properly or in low milk supply conditions. These factors along with the growing expenditure in healthcare industry are expected to aid the growth of breast pump market size during the period 2017-2023.
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The breast pump market size is expected to grow significantly during the forecast period. Increase in the global population with gradual rise in birth rate, the rising healthcare awareness with respect to breastfeeding, the rapid growth of woman workforce over the years with limited maternity leaves. The other drivers expected to support the growth of breast pump market during the forecast period are the technological advancement to incorporate user friendly technologies, and favorable reimbursement policies associated with medical devices and insurance policies that cover equipment and services related to breast pumps for feeding.
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North America held the largest share in the breast pump market, followed by Europe. North America is expected to witness the prominent share during the forecast period due to the larger population of working woman, rising awareness about the advantages of breast feeding, and favorable reimbursement policies. Asia-Pacific is expected to witness the fastest growth during the forecast period with the growth centered at China, Japan, and India. This is attributed to the inclination of these countries towards healthcare industry. Also, the rise in birth rate and the growing woman workforce in these countries will lead the breast pump market.
The key players in the market include Koninklijke Philips N.V, Pigeon Corporation, Jarden Corporation, Goodbaby International Holdings Ltd., Medela Inc., Ameda Inc., Hygeia Medical Group II, Bailey Medical, Handi-Craft Company, Mayborn Group Limited, Linco Baby Merchandise Works Co., Ltd., Whittlestone Inc., Lansinoh Laboratories, Inc., Energizer Personal Care., Guangzhou Happy Baby Products Ltd.
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