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wearable breast pumps market

Wearable Breast Pumps Market Share, Size, Trends, Industry Analysis Report, By Technology (Manual, Battery-operated, and Smart Wearable); By Component (Wearables and Accessories); By End-Use (Home Healthcare and Hospital Facility); By Region; Segment Forecast, 2022 - 2030

  • Published Date: Jan 2022
  • Pages: 110
  • Format: PDF
  • Report ID: PM2221
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Summary

The global wearable breast pumps market was valued at USD 496.43 million in 2021 and is expected to grow at a CAGR of 6.9% during the forecast period. The rise in insurance cover for wearable breast pumps, awareness about the product, and developments in breast pump technology are a few of the prime factors influencing the wearable breast pumps market growth. For instance, as per the US Department of Health and Human Services, most health insurance companies must cover the cost of a wearable breast pump as part of women's preventative health care under the Affordable Care Act (2010). These restrictions apply to Healthcare Insurance Exchange plans and other private medical insurance initiatives except for grandfathered plans.

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Besides, people regularly adopt advanced medical technologies due to a global increase in literacy rates. Women in several developing nations are increasingly incorporating technologically advanced devices and accessories into their daily life, owing to increased awareness, rising per capita disposable income, and the widespread availability of modern devices and accessories. This, in turn, contributes to market expansion for these pumps. Also, according to the World Health Organization (WHO), mother's milk is the best nourishment for babies. Wearable breast pumps are being used by many working women to pump milk and feed their babies while they are away at work. Wearable breast pumps make milk pumping more convenient and save time. As a result of the preceding factors, the wearable breast pumps market is likely to expand throughout the forecast period.

Further, efforts by various government agencies to raise product awareness during the COVID-19 pandemic are predicted to have a favorable impact on industry growth for these pumps. As a result, the industry is expected to be driven by higher product consumption due to heightened precautionary measures. Also, wearable breast pumps are FDA-approved medical equipment. Feeding mothers frequently utilize these gadgets to extract their milk. To limit COVID-19 exposure in infants, the CDC and the American College of Obstetricians and Gynecologists (ACOG) recommend separating newborns from mothers for at least a week or more. During the forecast period, this is expected to propel the industry to significant growth.

However, due to a significant number of mothers working from home and therefore saving them the time to feed their infants, the recent COVID-19 epidemic may reduce the amount of wearable 2 pump purchases. This is a factor hindering market growth for these pumps during the forecast period.

Wearable Breast Pumps Market 2030

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Industry Dynamics

Growth Drivers
The market has observed extensive developments in the last few decades supported by various factors such as the key players involved in launching modified wearable breast pumps and rising R&D activities. For instance, in March 2021, The Philips Avent Double Electric Breast Pump, Advanced, is the top brand of mothers and children care goods recommended by pregnant women and mothers in the United States. Natural Action technology, a powerful mix of suction and nipple stimulation that simulates the distinctive wave-like tongue motion that happens when the baby is sucking, is included in the new Philips Avent Double Electric Breast Pump, Advanced. This technology initiates a faster milk flow than previous models, allowing moms to express their milk more efficiently.

Further, in October 2021, Willow introduced the Perfect Pumping Bra, developed by The Dairy Fairy. The Willow pump bra is specifically created to provide moms with outstanding comfort, support, and a perfect fit, allowing them to have the finest pumping experience possible. The right fit can increase the mother’s milk flow while using wearable pumps. The Willow Perfect Pumping Bra has adjustable straps, a customizable mesh panel, and delicate lace details, as well as a patent-pending double extender clip. Furthermore, the luxury fabric of the wire-free bra is machine washable and elastic yet constructed to secure the Willow pump for an excellent pumping experience. Thus, the product launches with extra benefits boost the market growth for these pumps during the forecast period.

Report Segmentation

The market is primarily segmented based on technology, component, end-use, and region.

By Technology

By Component

By End-Use

By Region

  • Manual
  • Battery-operated
  • Smart Wearable
  • Wearables
  • Accessories
  • Home Healthcare
  • Hospital Facility
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, Australia)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Technology

Based on the technology segment, the battery-powered segment is expected to be the most significant revenue contributor in the global market in 2021 and is expected to retain its dominance in the foreseen period. The spike in women's workforce participation, growing knowledge of the availability of technologically advanced gadgets, and improving health systems in emerging economies are the factors driving the segment's growth. Battery-operated devices are convenient to transport and use in compact locations and are less time-consuming and exhausting. They're great for mothers who need to pump once in a while and do not like manual pumps. Furthermore, as this technology gains acceptability among working women, market players are continually innovating smaller and lighter battery-operated devices, contributing to the overall segment during the forecast period.

Geographic Overview

In terms of geography, North America has the largest revenue share. The high development of wearable breast pumps market in the United States, owing to high female employment rates, high healthcare spending, and well-established healthcare infrastructure, are the primary drivers driving the market growth. For instance, as per the Centers for Medicare and Medicaid Services, in 2019, healthcare spending in the U.S. has risen by 4.6% to USD 11,582 per individual.

Further, according to the Centers for Disease Control and Prevention (CDC) and medical experts, Breast milk provides substantial immune-boosting effects for battling short-term infections and enhancing long-term health. Furthermore, studies have shown that feeding moms who have undergone COVID-19 have antibodies in their breast milk, which may help convey immunity to their newborns. This demonstrates that nursing by moms was not interrupted during COVID-19, indicating a favorable influence on the market.

Moreover, Asia-Pacific is expected to witness a high CAGR in the global market in 2021. The growing population and high birth rate will drive demand for breast milk pump equipment, and the increasing rate of employment in Asia's main emerging countries will assist the industry to grow at the fastest rate.

Competitive Insight

Some of the major players operating in the global market include Ameda, Inc, Baby Buddha, BelleMa Co, Chiaro Technology Ltd. and Elvie, Evenflo Feeding, Inc., Freemie, Haakaa, Health & Parenting Ltd., iAPOY, Koninklijke Philips N.V, Lansinoh Laboratories, Medela LLC, Motif Medical, Philips, Spectra Baby USA, Willow, among others.

Wearable Breast Pumps Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 496.43 million

Revenue forecast in 2030

USD 897.33 million

CAGR

6.9% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million and CAGR from 2022 to 2030

Segments covered

By Technology, By Component, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key Companies

Ameda, Inc, Baby Buddha, BelleMa Co, Chiaro Technology Ltd. and Elvie, Evenflo Feeding, Inc., Freemie, Haakaa, Health & Parenting Ltd., iAPOY, Koninklijke Philips N.V, Lansinoh Laboratories, Medela LLC, Motif Medical, Philips, Spectra Baby USA, Willow

Key Take-Away
Polaris Market Research
Global Wearable Breast Pumps Market Size Report, 2022 - 2030