Breast Pump Market

The global breast pump market to be worth more than USD 994.56 million by 2033.

The breast pump market is predicted to grow gradually over the forecast period due to several stringent technological developments, such as the development of single and double electric pumps and R&D expenditures. Breast pumps can assist with issues such as completing maternity leave, latching difficulties, nursing in public places, weaning, repeated deliveries, feeding premature or hospitalized newborns, and commencing lactation in an adopted child. Nursing promotes healthy child development and supplies all of the vitamins and nutrients a newborn needs. Breast milk, for example, is recognized as a valuable dietary source due to its high levels of lactose (7%), fat (3%), protein (1%), and water (86%). Lactose and fat account for 41 and 50% of total calories in milk, respectively. It also has a high concentration of vitamins and minerals, such as calcium, magnesium, phosphorus, potassium, and sodium.

The market has expanded dramatically in recent decades due to increasing product releases by key competitors and increased R&D activities. For instance, In November 2022, Medela, a company trusted by millions of mothers, will release the Freestyle Hands-free Breast Pump, its first wearable breast pump solution, in November 2022. They are comfortable and unobtrusive, and they connect to a portable pump motor based on Medela research to provide an unparalleled hands-free pumping experience. The pump also includes Medela's breakthrough 2-Phase Expression technology and research-based 105-degree breast covers, resulting in a more hands-free pumping experience.

According to the CXOs and primary research conducted, governments worldwide are concerned about improving the excellent growth ratio in newborns and children, and several health-related initiatives have been developed to raise public knowledge about breastfeeding. Furthermore, the Centers for Medicare & Medicaid Services (CMS) predicts that the average annual percent change in National Health Expenditures (NHE) in the United States 2020 would be 5.2%, up from 4.5% in 2019. Furthermore, in 2028, national health expenditures are predicted to exceed USD 6,192.5 billion, with per capita spending reaching USD 17,611 in the same year. These indicators will offer rich business opportunities in the coming years.

The medical face mask market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In line with the analyzed region, the North American region will witness the highest market share, followed by Europe, Asia-Pacific, Latin America, and Middle East & Africa. The population increase and high rate of births will increase demand for breast milk pumping equipment, and the growing number of working women in the Asia Pacific emerging markets will assist the market to grow the fastest. The major companies operating within the market are Albert Manufacturing, Ameda, Ardo Medical Ltd, Babybelle Asia Ltd., Chiaro Corporation, Koninklijke Philips N.V., Medela AG, Momcozy, Pigeon Corporation, and Willlow Innovations.

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