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), Manual Breast Pump), By Application(Hospital, Personal), By Region - Industry Forecast 2024-2031

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).

The breast pump market is moderately fragmented and competitive, with both domestic and international players. With the growing popularity of breast pumps, players such as Philips are developing these products, and it is expected that a number of well-known and larger companies will enter the market in the future. For business expansion, these industry leaders are implementing strategic formulations such as new product development and commercialization, commercial expansion, and distribution agreements. Furthermore, these participants are heavily investing in product development, which is driving revenue generation. 'Medela, Inc., ', 'Koninklijke Philips N.V ', 'Ameda', 'Lansinoh Laboratories Inc.', 'Pigeon Corporation', 'Hygeia II Medical Group Inc.', 'Bailey Medical Engineering', 'Ardo Medical AG', 'Evenflo Feeding Inc.', 'Spectra Baby USA', 'NUK USA LLC', 'Mayborn Group Limited', 'Tommee Tippee (Mayborn Group Limited)', 'BelleMa (Hangzhou) Medical Technology Co., Ltd.', 'Swarish Solutions LLC (Spectra Baby USA)', 'Albert International, Inc.', 'Whittlestone, Inc.', 'Zhejiang Orient Gene Biotech Co., Ltd.', 'Kaizhou Xingyi Industrial Co., Ltd.', 'Yin Yun (Shenzhen) Technology Co., Ltd.'

The breast pump market is expected to grow in tandem with the increasing number of new babies born around the world. Increased female employment and improved healthcare infrastructure in developing economies are driving market growth.

Many working mothers prefer to use a breast pump to express their milk and store it for their baby while they are at work. Electric and automated breast pumps have simplified and shortened the pumping process. They are reasonably priced for the majority of working women in the United States. As a result of rising awareness about the benefits of breast milk, the market is expected to expand over the forecasted period.

The breast pump market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America dominated the market in 2021 and is expected to grow at an 8.0% annual rate during the forecast period. North America dominated the overall market in terms of revenue share, owing primarily to the presence of high women employment rates, healthcare expenditure, sophisticated healthcare infrastructure, and patient awareness levels in this region. Furthermore, industry leaders are developing technologically advanced breast pumps, which will fuel the overall market over the forecast period.