According to a new report published by UnivDatos Markets Insights, the electric breast pump market was valued at more than USD 1 billion in 2020 and is expected to grow at a CAGR of around 8% from 2022-2028. The analysis has been segmented into Type (Single and Double); Application (Personal Use and Hospital Grade); Distribution Channel (Hospital Pharmacy, Retail Store, E-commerce, and Others); and Region/Country
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The electric breast pump market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the electric breast pump market. The electric breast pump market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the electric breast pump market at the global and regional levels.
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Market Overview
In order to extract milk efficiently and comfortably from a mother, electric breast pumps use electricity or batteries to create a vacuum. E-tubes may also be included in some pumping machines to connect the breast shield to the electric pump and produce suction. Some of the major driving factors like increasing knowledge of the advantages of breastfeeding and an increase in the number of mothers choosing this feeding technique. Additionally, the exorbitant expenses associated with hospital-grade pumps and the increased incidence of breastfeeding problems like mastitis and engorgement portend well for development prospects in the years to come.
As per International Labor Office, in 2018 the women’s employment rate in developed countries was 52.4% which further increased in developing countries to 69.3%. Similarly, the women’s employment rate in Sub-Saharan Africa region has also increased to 64.7%. Working women have a relatively high disposable income and less time to breastfeed their babies and thus, are ideal customers for electric breast pumps.
Some of the major players operating in the market include Lansinoh Laboratories Inc., Pigeon Corporation, Evenflo Company Inc., Chiaro Technology Ltd., Medela AG, Koninklijke Philips N.V., Magento Inc., Motif Medical, Hygeia Health, Spectra Baby USA
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COVID-19 Impact
The global market for electric breast pumps was negatively impacted by the COVID-19 outbreak. However, with the presentation of the COVID-19 vaccine, nations have opened their worldwide boundaries, thus, the production network is supposed to standardize during the post-pandemic time frame. Additionally, the birth rate is expected to increase post-pandemic. As a result, the electric breast pump market is expected to see steady growth in the market.
The global electric breast pump market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· On the basis of application, the market is categorized into personal use and hospital grade. Among these, the hospital grade to hold a significant share of the market in 2020. This is mainly due to the hospital-use breast pumps have powerful motors and are typically used in hospitals, but they can also be rented on a monthly basis for personal use. These breast pumps operate on a "closed system," which means that barriers are in place to prevent milk and other fluids from entering the motor. This reduces contamination and ensures that they are safe for multiple users.
· Based on distribution channel, the electric breast pumps market has been classified into hospital pharmacy, retail store, e-commerce, and others. The hospital pharmacy category is to witness higher adoption of electric breast pumps during the forecast period. The market is expected to expand as a result of rising global rates of pregnancies and the rising demand from new mothers for postpartum products. Moreover, key factors that further propel the market include an increase in the number of breast milk donors, breast milk banks, and newborns. For instance, the United Nations estimates that 385,000 babies are born each day, which equates to more than 140 million births annually.
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Electric Breast Pump Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
North America is anticipated to grow at a substantial CAGR during the forecast period. The major factors driving the market growth include the high market penetration of breast pumps in the United States on account of high women employment rates, high healthcare expenditure, and well-established healthcare infrastructure. For instance, in 2022, as per International Labor Organization (ILO), the current global labor force participation rate for women is under 47%.
The major players targeting the market include
· Lansinoh Laboratories Inc.
· Pigeon Corporation
· Evenflo Company Inc.
· Chiaro Technology Ltd.
· Medela AG
· Koninklijke Philips N.V.
· Magento Inc.
· Motif Medical
· Hygeia Health
· Spectra Baby USA
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Electric Breast Pump Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the electric breast pump market?
• Which factors are influencing the electric breast pump market over the forecast period?
• What are the global challenges, threats, and risks in the electric breast pump market?
• Which factors are propelling and restraining the electric breast pump market?
• What are the demanding global regions of the electric breast pump market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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