NEW YORK, Oct. 10, 2022 (GLOBE NEWSWIRE) — Research Nester has published an in-depth market report on “Global Breast Pumps Factors:
- Market growth over the forecast period
- Detailed regional summary
- market segmentation
- growth accelerator
- Profiling of key market players
Global breast pumps Market size:
The globe breast pump market is estimated to generate sales of around USD 11 billion by the end of 2033 by growing at a CAGR of ~10.4% during the forecast period i.e. 2023-2033. Additionally, the market generated revenue of nearly USD 3.4 billion in 2022. The growth of the market is mainly attributed to the increasing number of working women worldwide. For example, according to data released by the World Bank, the total number of employed women aged 15 and over will reach 46% globally by 2021. The global market is expected to be further propelled by factors such as growing government breastfeeding awareness initiatives, global improvement in healthcare spending, rising birth rate worldwide, rise in breast milk banks and growing per capita income during the forecast period.
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Global Breast Pumps Market: The central theses
- The North America region is expected to generate the largest share of sales in 2022
- Closed system segment to dominate the revenue chart
- The hospitals sub-segment remains prominent in the end-user segment
Government initiatives to raise awareness of breastfeeding to drive market growth
A breast pump is a mechanical tool used to extract milk from the breast. It allows the user to store breast milk in pouches or storage bottles for later use. Breast pumps are primarily used to relieve breast pain and produce breast milk for infants who are unable to suckle milk on their own. Since breastfeeding is very important to promote healthy growth in the infant, it includes all the vitamins and nutrients a baby needs. Therefore, it is …
