Product ID: SQMIG35A2643
Global Breast Pump Market Size, Share, Growth Analysis, By Product Type(Open System Breast Pump, Closed System Breast Pump), By Technology(Electric Breast Pump (Single Electric Breast Pump, Double Electric Breast Pump)), By Application(Hospital, Personal) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2643 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
88 |
Figures:
76
Global Breast Pump Market Insights
Breast Pump Market size was valued at USD 1.84 billion in 2019 and is poised to grow from USD 1.99 billion in 2023 to USD 4.08 billion by 2031, growing at a CAGR of 8.3% in the forecast period (2024-2031).
Rising global female employment rates, improved healthcare infrastructure in emerging economies, and government initiatives to support working mothers are key drivers of market growth. Over the last 20 years, there has been visible progress in employment opportunities and gender equality, according to the International Labour Organization (ILO). The International Labour Organization (ILO) launched the 2030 United Nations Agenda, which states that the genders of youth and the disabled population are likely to receive equal pay without discrimination in order to achieve gender equality and empower all women and girls in order to achieve productive employment, gender equality, and economic development.
Growing consumer awareness and government support are expected to drive global demand for breast pumps. For instance, the United Nations Children's Fund (UNICEF) and the World Health Organization (WHO) established the Baby Friendly Hospital Initiative (BFHI), which promotes evidence-based practises for breastfeeding success, to increase breastfeeding rates and assist families in achieving their breastfeeding goals. As part of the Affordable Care Act, most insurance plans must now cover specific breastfeeding assistance and supplies, such as breast pumps. As a result, such initiatives are expected to increase product usage. As a result, end-users find it easier to purchase these products, resulting in increased demand for breast pumps.
US Breast Pump Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Breast Pump Market Report Snapshots
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