Wearable Breast Pumps Market Size Worth $742.8 Million By 2028: Grand View Research, Inc.
SAN FRANCISCO, Dec. 9, 2021 /PRNewswire/ -- The global wearable breast pumps marketsize is anticipated to reach USD 742.79 million by 2028, registering a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research, Inc. Rising population and the number of working women are the most significant growth drivers for this market. In addition, favorable changes in reimbursement policies, and increasing patient disposable income & awareness levels are further anticipated to propel the product demand.
Key Insights & Findings from the report:
Based on components, the wearable pumps segment led the market in 2020 and is also expected to witness the fastest CAGR from 2021 to 2028
This growth is credited to increasing demand for these devices on account of rising awareness levels about the importance and benefits of breastfeeding
Led by the U.S., North America dominated the market with the highest revenue share in 2020
This growth was credited to the supportive reimbursement policies for wearable breast pumps and increased women's employment in the region
The rise in women's employment is expected to be a high-impact rendering driver of the global market. Furthermore, the presence of various e-commerce sites offering innovative products will boost sales through these distribution channels over the forecast period. Willow, Elvie, Medela, and Amazon are some of such e-commerce sites and offer attractive discounts and prompt customer service. However, the adoption of these pumps decreased during the COVID-19 pandemic. A large number of manufacturers were affected during this time.
On the basis of technology, the global market has been divided into manual, battery-operated, and smart devices. The battery-powered product segment dominated the market in 2020 with the maximum revenue share. This technology is gaining acceptance from working women owing to the low weight and compact designs of battery-operated devices.
Grand View Research has segmented the global wearable breast pumps market on the basis of technology, component, and region:
Wearable Breast Pumps Technology Outlook (Revenue, USD Million, 2016 - 2028)
Manual
Battery-operated
Smart
Wearable Breast Pumps Component Outlook (Revenue, USD Million, 2016 - 2028)
Wearable Pumps
Accessories
Wearable Breast Pumps Regional Outlook (Revenue, USD Million, 2016 - 2028)
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Asia Pacific
Japan
China
India
Australia
South Korea
Latin America
Brazil
Mexico
Argentina
Colombia
Middle East and Africa (MEA)
South Africa
Saudi Arabia
UAE
List of Key Players of Wearable Breast Pumps Market
Willow
Chiaro Technology Ltd. and Elvie
Philips
Baby Buddha
Freemie
Medela LLC
Ameda, Inc.
Spectra Baby USA
BelleMa Co.
Motif Medical
iAPOY
Check out more studies related to breastfeeding products and accessories, published by Grand View Research:
Breast Pump Market? The global breast pump market size is expected to reach USD 5.53 billion by 2028. It is expected to grow at a CAGR of 10.5% from 2021 to 2028.
BRIC Breast Pump Market? The BRIC breast pump market size is expected to reach USD 313.6 million by 2026. Improving healthcare infrastructure, and the increasing number of milk banks are some of the key factors anticipated to drive the market.
Postpartum Products Market? The global postpartum products market size is expected to reach USD 3.44 billion by 2028. It is expected to expand at a CAGR of 6.4% from 2021 to 2028.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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