The global electric breast pumps market size is expected to reach USD 2.69 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 9.08% from 2024 to 2030. The main factors influencing the industry are the development of healthcare infrastructure in developing nations, rising employment rates for women worldwide, and the presence of favorable demographics.
The women’s employment rate has been increasing globally. For instance, according to European Commission, in 2018, the women’s employment rate in Europe was around 67%, which increased by 1% from 2017 to 2018, whereas, the same increased by five percentage-point from 2008 - 2018. The increase in women’s employability is expected to increase the use of electric breast pumps, thereby propelling the market growth over the forecast period.
Additionally, a surge in the number of births worldwide is further anticipated to help the electric breast pump market impel. According to reports by CDC, the birth rate rose first time in the past 7 years in 2021. Moreover, the fertility rate was calculated to be 56.6 births per 1,000 women, which was up by around 1% in 2021, from 2020. An increase in fertility rate is expected to increase the number of births, thereby increasing demand for electric breast pumps, in the forthcoming years.
Moreover, the electric breast pumps market has seen significant growth over the last few decades, owing to increasing product launches by key players, and rising R&D activities. For instance, in November 2020, Spectra Baby USA launched a new electric breast pump ‘the Synergy Gold dual-powered electric breast pump’. It offers breastfeeding mothers cutting-edge technology that enables personalized pumping sessions. Moms that are used to single-pumping and alternating sides may easily double-pump thanks to the new design, which uses one separate motor for each side and is independently adjustable. Such innovations are expected to increase the use of electric breast pumps over the forecast duration.
Request a free sample copy or view the report summary: Electric Breast Pumps Market Report
Electric Breast Pumps Market Report Highlights
In terms of type, the double electric breast pumps segment held the largest market share of 61.96% in 2023 and is expected to witness the fastest growth over the forecast period due to its several benefits and high adoption, as compared to single electric breast pumps
In terms of application, the hospital grade segment held the largest market share in 2023, owing to the increasing number of hospitals and rising healthcare expenditure
Hospital pharmacy dominated the distribution channel segment with a market share of 38.61% due to the rising number of births in hospital settings. However, the e-commerce segment is anticipated to witness the fastest growth rate in this segment
North America is expected to dominate the electric breast pump market growth over the forecast period owing to the rising women’s employment and the significant presence of key players operating in the market
Electric Breast Pumps Market Segmentation
Grand View Research has segmented the electric breast pumps market report based on type, application, distribution channel, and region:
Electric Breast Pumps Type Outlook (Revenue, USD Million, 2018 - 2030)
Single
Double
Electric Breast Pumps Application Outlook (Revenue, USD Million, 2018 - 2030)
Personal Use
Hospital Grade
Electric Breast Pumps Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
Hospital Pharmacy
Retail Store
E-commerce
Wholesaler/Distributor
Direct Purchase
Electric Breast Pumps Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Asia Pacific
Japan
China
India
Australia
South Korea
Latin America
Brazil
Mexico
Middle East & Africa
South Africa
Saudi Arabia
UAE
List of Key Players in Electric Breast Pumps Market
Medela AG
Koninklijke Philips N.V.
Ameda AG
Hygeia Health
Lansinoh Laboratories, Inc.
Spectra Baby USA
Pigeon Corporation
Evenflo
Willow
Ardo
Motif Medical
Elvie
Explore Horizon, the world’s most expansive market research database
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Sign in to leave a comment.