Publication Month: May 2021 | Report Code: TIPHE100000881 | No. of Pages: 177 | Category: Medical Device | Status: Published
Get more information on this report :
Soaring birth rates among developing economies are responsible for fueling global baby boom. However, the rising birth rate also contributes to rising birth defects and inability of mothers to breast feed their newborns due to different reasons such mother’s death or mother suffering from severe disease such as hepatitis and AIDS. According to a report published by Bill and Melinda Gates Foundation in 2018, there are almost 250 babies born every minute across the globe. According to the Centers for Disease Control and Prevention, the fertility rates for Hispanic women were highest in 2017 with 67.1 births per 1,000 women. Asian countries such as India and China also have high fertility rates due to factors such as effects of religion, inadequate supply of family welfare services, poverty, and others. According to the World Bank, the fertility rates in India were reported to be 2.23 births per women as compared with 1.80 in the US and 1.62 in China. Moreover, neighboring countries of India, such as Pakistan, have alarming rates of fertility. In 2016, the birth rate in Pakistan was reported to be 3.48 births per woman, as per the World Bank data. These rates are soaring even more in the African regions that are underdeveloped. Niger tops the fertility rate list in the world with 7.15 children per woman, followed by Somalia with 6.12 children per woman. According to the World Bank, the Democratic Republic of Congo held the third top position with fertility rate of 6.0 per woman in 2018. The increasing number of parturient women across the world are thus likely to create increasing demand for human milk and thus the breast pumps across the globe leading to the growth of the market.
A newborn is unable to get sufficient mother’s milk because of reasons such as less lactation, mother’s death immediately after delivery, and hormonal imbalance. As feeding a newborn with mother’s milk is essential for its growth and nutrition, human milk bank is a best-considered solution in any of the conditions as mentioned above. In developed countries, there is a rising number of human milk banks that offer great help to the mother who are not able to produce of milk. Nevertheless, high sterilization and pasteurization are among the important factors to be taken care before providing milk to a baby. For instance, in North America, Human Milk Banking Association of North America (HMBANA) has proposed accredited non-profit milk banks across the US and Canada. It has also introduced international guidelines for pasteurized donor human milk. Similarly, across Europe, there is a rise in the number of human milk banks, and among the European countries, Italy has the highest number of milk banks.
Milk banks also offer memberships for women who can produce more milk. Milk banks are offering a good cause for improving babies’ health. According to the Global Breastfeeding Score Card, it is stated that in countries such as China, India, Mexico, and others, more than 236,000 child deaths are caused due to inadequate breastfeeding. Therefore, there has been increase in the awareness for the benefits of donating breast milk, and the awareness has demanded the growth in the breast or human milk banks across the world. There are nearly more than 600 human milk banks in the upper and middle-income countries around the world.
The global breast pump market, by product type, was led by electric breast pump. In 2020, the electric breast pump segment held a larger share of the breast pump market and is expected to be a faster-growing segment of the market by 2028 owing to rising demand from hospitals and human milk banks.
Get more information on this report :
|Market Size Value in||US$ 2,574.00 Million in 2020|
|Market Size Value by||US$ 5,778.97 Million by 2028|
|Growth rate||CAGR of 10.7% from 2021-2028|
|No. of Pages||177|
|No. of Tables||112|
|No. of Charts & Figures||72|
|Historical data available||Yes|
|Segments covered||Technology , Type , and Distribution Channel , Geography|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
Organic and inorganic growth strategies were observed in the global breast pump market. The organic strategies that were conducted more compared to the inorganic strategies for the breast pump. For instance, in October 2017, Medela launched its breast milk feeding product portfolio with accessories such as breast milk storage bags, quick clean breast pump, and accessory sanitizer spray at ABC Kids Expo in Las Vegas, Nev.
The List of Companies - Breast Pump Market