Wearable Breast Pumps Market Expected to Reach US ~$897.33 Million and CAGR 6.9% by 2030
The global wearable breast pumps market size is expected to reach USD 897.33 million by 2030, according to a new study by Polaris Market Research.
The key factors responsible for the market growth of these pumps include the rising population in emerging countries and the rising demand for these devices among working women. For instance, according to the World Bank, in 2020, there were around 1.16 billion women in the East Asia Pacific region, which is 49.3% of the total population. Among these, Japan has around 64.3 million women population, and China has around 682 million.
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According to the ILO report, 1.3 billion people work informally in Asia-Pacific, accounting for 65 percent of the world’s informal workers. In rural areas, informal work accounts for 85.2 percent of total employment, whereas it accounts for over half of total employment (47.4%). In Addition, according to World Employment, women’s workforce participation rate was about 48.5 % on the global scale in 2018, which was 26.5 % of men’s employment rate.
Breast pumps are also becoming more popular due to their many benefits, including in-built smart technology that allows women to adjust suction levels, monitor pumping schedules, and track the milk output on a daily basis with cell phones. It’s also easy to clean, doesn’t make noise, and has more mobility. As a result, the growing female workforce population and increasing initiatives by leading manufacturers to create breast pump devices are driving the market growth for these pumps over the forecast period.
Market players such as Koninklijke Philips N.V, BelleMa Co., Health & Parenting Ltd., Lansinoh Laboratories, Chiaro Technology Ltd. and Elvie, Spectra Baby USA, iAPOY, Medela LLC, Baby Buddha, Willow, and Ameda, In care some key players operating in the global market.
In September 2021, Elvie, a British femtech startup, announced the introduction of its latest smart breast pump in the United States, covered by health insurance. Elvie Stride is a new pump from Elvie that includes some of those same features as the company’s other nursing products, such as wearable cups that collect breastmilk in the breast, interference technology, and an interconnected app that regulates the pump and maintains track of user data. Thus, the launches of smart breast pumps by major players for collecting milk boosted the market growth for these pumps during the forecast period.
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Polaris Market Research has segmented the wearable breast pumps market report based on technology, component, end-use, and region:
Wearable Breast Pumps, Technology Outlook (Revenue – USD Million, 2018 – 2030)
- Smart Wearable
Wearable Breast Pumps, Component Outlook (Revenue – USD Million, 2018 – 2030)
Wearable Breast Pumps, End-Use Outlook (Revenue – USD Million, 2018 – 2030)
- Home Healthcare
- Hospital Facility
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