Electric Breast Pumps Market Set to Surge with a CAGR of 7.5% by 2030, Says MarkWide Research
According to a new report published by MarkWide Research, titled “Electric Breast Pumps Market”, the global electric breast pumps market is projected to experience significant growth at a Compound Annual Growth Rate (CAGR) of 7.5% over the forecast period from 2023 to 2030. This burgeoning market is anticipated to be fueled by the increasing number of working mothers, rising awareness about the advantages of breast milk, and technological advancements in breast pump designs.
The report delves into an in-depth analysis of the electric breast pumps market, examining factors that are driving its growth as well as challenges that manufacturers and consumers might face. With the evolving lifestyles of modern mothers, the demand for convenient and efficient breast pumping solutions has soared. Electric breast pumps offer a practical and time-saving alternative to traditional manual pumps, thereby enabling mothers to maintain their busy routines without compromising on their baby’s nutritional needs.
One of the pivotal factors contributing to the expansion of the electric breast pumps market is the growing understanding of the numerous benefits associated with breast milk. Extensive research highlighting the superior nutritional value of breast milk compared to formula has prompted mothers to choose breastfeeding, thereby driving the demand for breast pumps. Additionally, the World Health Organization’s recommendation for exclusive breastfeeding during the first six months of a baby’s life has further bolstered the market’s prospects.
Technological advancements have revolutionized the design and functionality of electric breast pumps. Modern pumps are equipped with adjustable suction levels, various pumping modes, and innovative features that mimic a baby’s natural nursing rhythm. These attributes not only enhance comfort for mothers but also increase the efficiency of milk expression. Furthermore, the integration of smartphone connectivity and mobile apps with some electric breast pumps has simplified tracking and monitoring, making the pumping experience more user-friendly.
Geographically, North America is poised to dominate the electric breast pumps market during the forecast period. The United States, in particular, holds a significant share owing to the rising number of working mothers and the favorable reimbursement policies for breast pumps. However, emerging economies in Asia Pacific, such as China and India, are expected to witness substantial growth due to increasing disposable incomes, changing lifestyles, and growing awareness about breastfeeding benefits.
MarkWide Research’s report provides a comprehensive assessment of key market players, their strategies, and product portfolios. Leading companies in the electric breast pumps market are focusing on innovation, partnerships, and mergers to gain a competitive edge. Additionally, collaborations with healthcare professionals and lactation consultants are aiding in product development that aligns with the specific needs of breastfeeding mothers.
In conclusion, the global electric breast pumps market is on a trajectory of robust growth, driven by the surge in working mothers, heightened awareness about breastfeeding advantages, and technological innovations. The convenience, efficiency, and user-friendly features of electric breast pumps make them an indispensable tool for modern mothers seeking a balance between their professional and parenting responsibilities. With a projected CAGR of 7.5% from 2023 to 2030, the electric breast pumps market presents significant opportunities for manufacturers and investors to tap into this evolving landscape.