Asia Pacific is the fastest growing geographic breast pump market and it is expected to be the fastest revenue contributor throughout the forecast period. Asia Pacific is recognized as a developing market for the human milk banks and child care. The growth is driven by countries such as China, and India which are engaged in conducting several studies.
The breast pump market accounted to US$ 1,070.25 Mn in 2018 and is expected to grow at a CAGR of 6.9% during the forecast period 2019 – 2027, to account to US$ 1,901.6 Mn by 2027.
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The major players operating in the breast pump market include, Pigeon Corporation, Ardo medical, Inc., Ameda, Inc., Koninklijke Philips N.V., Medela LLC, Evenflo Feeding, Albert Hohlkörper GmbH & Co. KG, Mayborn Group Limited, Hygeia Healthcare, and Spectra Baby USA. The market has carried out various organic and inorganic growth strategies in the market which has assisted in strengthening their product offering in the market.
Global breast pump market was segmented by product type, technology type and distribution channel. On the basis of the product type, the market is segmented as manual breast pump, and electric breast pump. Electric breast pump is further segmented as single electric breast pump and double electric breast pump. Based on the technology type, the breast pump market is segmented into closed system breast pump, and open system breast pump. On the basis of the distribution channel, the breast pump market is segmented into consumer stores, and online distribution.
Soaring birth rates among developing economies are responsible for fueling global baby boom. However, the rising birth rate also contributes to rising birth defects and inability of mothers to breast feed the child, due to different reasons such mothers death or mother suffering from severe disease such as hepatitis, AIDS, etc. According to a report published by Bill and Melinda Gates Foundation in 2018, there are almost 250 babies born every minute around the globe. Moreover, according to the Centers for Disease Control and Prevention, the fertility rates for Hispanic women were highest in 2017 among Hispanic women with 67.1 births per 1,000 women.
There are several reasons when a newborn is not able to get the mother’s milk. The reasons may include less lactation in a mother, and death caused immediately after delivery and hormonal imbalance, among others. However, feeding a newborn with mother’s milk is essential for its growth and nutrition. Therefore, in any of the condition as mentioned above, human milk bank is a best-considered solution. In developed countries, there is a rising number of human milk banks, which are offering great help to the mother who has less production of milk. However, high sterilization and pasteurization are important for providing milk for a baby. For instance, in North America, Human Milk Banking Association of North America (HMBANA) has proposed accredited non-profit milk banks across the US and Canada. And it has also introduced international guidelines for pasteurized donor human milk. Similarly, across Europe, there is a rise in the number of human milk banks, and among the European countries, Italy has the highest number of milk banks.
The report segments the global breast pump market as follows:
Global Breast Pump Market – By Product Type
- Electric Breast Pump
- Single Electric Breast Pump
- double Electric Breast Pump
- Manual Breast Pump
Global Breast Pump Market – By Technology Type
- Closed System Breast Pump
- Open System Breast Pump
Global Breast Pump Market – By Distribution Channel
- Consumer Stores
- Online Distribution
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