February 21, 2022
According to the research report titled ‘Global Wearable Breast Pumps Market Size study, by Technology (Battery-operated, Smart Pumps), By Component (Wearable Pumps, Accessories), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global wearable breast pumps market is expected to expand at a CAGR of 6.5% over the forecast period 2021-2027, amassing a valuation of USD 701.6 billion by 2027.
As per the report findings, growing product awareness among consumers and continuous rise in number of working women are the primary factors propelling global wearable breast pumps market growth. According to Catalyst, the number of working women is constantly rising in countries such as China, Italy, Japan, and South Korea, with women representing 38.8 % of the world’s total labor force in 2020.
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Additionally, heavy investment outlays and propagation of awareness about women’s health are likely to generate new opportunities for market players during the forecast period.
However, high threat of infection and complex management issues posed by the product are likely to catalyze minor revenue slumps in the upcoming years.
Based on technology type, the market is classified into battery operated and smart pumps. By component type, the industry classification comprises wearable pumps and accessories.
Speaking of the regional scope of worldwide wearable breast pumps industry, the report covers an analysis of major geographies including Asia Pacific, Europe, North America, and Latin America. Of these, North America currently holds a substantial revenue share, owing to adoption of accommodating work culture towards lactating mothers, and rising number of working mothers.
Meanwhile, Asia-Pacific market is poised to surge at a notable CAGR over 2021-2027, triggered by factors such as increasing population of lactating mothers, and growing efforts towards creating awareness about product usage.
Prominent players operating in global wearable breast pumps marketplace are Motif Medical, BelleMa Co., Spectra Baby USA, Ameda Inc., Medela AG, Freemie, BabyBuddha Products LLC, Koninklijke Philips N.V., Chiaro Technology Ltd., and Willow.
The report provides a comprehensive study of product portfolios of these market players while evaluating their financials, and strategic approaches in order to equip users with a better understanding of market dynamics.