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Smart Breast Pump Market Size Worth $1.7 Billion By 2030: IndustryARC

Mar 12, 2024 7:00 PM ET

Smart Breast Pump Market Size Worth $1.7 Billion By 2030: IndustryARC

The Global Smart Breast Pump Market size is predicted to reach $1.7 billion by 2030, growing at a CAGR of  11.4% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC. Increasing awareness of the health benefits of breastfeeding for infants and mothers encourages demand for breast pumps, particularly smart ones, in the market. Overall economic growth and higher healthcare spending in the Asia-Pacific region lead to investments in maternal and infant healthcare solutions, including smart breast pumps, are fueling the growth of the Smart Breast Pump Market during the forecast period, finds IndustryARC in its recent report, titled “Smart Breast Pump Market Size, Share & Trends Analysis Report By Product (Open System Pump and Closed System Pump), By Material Type (Battery-Enabled Breast Pump, Electric Breast Pump, Wearable Breast Pump), By Material (BPA-free, Silicone, Plastic and Others), By Distribution Channel (Online Distribution and Consumer Stores), By Application (Personal Use, Hospital Grade and Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030.”

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North America Holds the Highest Market Share:

North America region held a major market share of 35..5% in 2022. Factors driving this expansion include the region’s large working women population, a strong emphasis on technological innovation, and a growing awareness of maternal and infant healthcare.. With the demand for convenience and efficiency on the rise, smart breast pumps equipped with features like smartphone connectivity and personalized pumping modes are in high demand. Government support, coupled with changing consumer preferences, is fostering an environment of innovation and investment in this market. North America continues to be a pivotal hub for the smart breast pump industry’s advancement and growth.

Smart Breast Pump Market 2023-2030: Scope of the Report

Report Metric

Details

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

 11.4%

Market Size in 2030

$1.7 billion

Segments Covered

Product, Technology, Material, Distribution Channel, Application and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Netherlands, Spain, Russia, Belgium and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Taiwan, Malaysia and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

1.      Saify Group

2.      Baybee

3.      Lola&Lykke

4.      Willow Innovations, Inc.

5.      Chiaro Technology Limited

6.      Lansinoh Laboratories, Inc.

7.      Medela AG

8.      Spectra Baby USA

9.      Motif Medical

10.  Ameda, Inc.

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Smart Breast Pump Market Report – Key Takeaways:

  • Electric Breast Pump Segment is Leading the Market.

In the Smart Breast Pump Market analysis, Electric Breast Pump held a major market share of 44.2% in 2022. The electric breast pump is a pivotal product in the burgeoning smart breast pump market, catering to the needs of modern, working mothers seeking convenience and efficiency. These advanced devices, equipped with features like smartphone connectivity, personalized pumping modes, and real-time data tracking, empower women to balance their professional lives with the essential task of breastfeeding. According to the United Nations, the urban population will increase by nearly 600 million, reaching 5.2 billion by 2030. In a world of increasing urbanization and technological innovation, electric breast pumps have become indispensable tools, offering user comfort and customizability, is poised for continued expansion and innovation to meet the evolving needs of mothers.

  • Open System Pumps Segment to Register Highest Growth

According to the Smart Breast Pump Market forecast, the Open System Pumps is analyzed to grow with the highest CAGR of  11.9% during the forecast period. E Open system pumps, a pivotal component in the rapidly expanding smart breast pump market, provide efficient and user-friendly solutions for nursing mothers. These devices offer a transparent and accessible system that allows users to easily clean and maintain the pump. With user comfort and hygiene in mind, open system pumps ensure a seamless breastfeeding experience. Their compatibility with emerging smart technologies, like smartphone apps, Bluetooth connectivity, and remote monitoring, adds to their appeal. As the smart breast pump market continues to grow, open system pumps play a crucial role in meeting the demands of modern mothers seeking convenience and advanced features.

  • Innovations in smart pump technology is a Key Driver Enhancing the Growth of the Market.

In the rapidly evolving Smart Breast Pump Market, innovation in smart pump technology is a driving force. These innovations encompass user-friendly smartphone apps, Bluetooth connectivity, and advanced pumping modes, enhancing both convenience and efficiency for modern mothers. With personalized settings and remote monitoring capabilities, these devices offer a seamless and comfortable breastfeeding experience.  The PUMP Act’s expansion of workplace pumping rights is crucial for millions of working parents. In 2022, with 76 million women in the U.S. labor force, supporting their choice to breastfeed, especially between ages 25-34 with a 77.6% labor force participation rate, leads to better outcomes and peace of mind. As a result, they not only meet the growing demands of working women but also align with the broader trend of integrated, high-tech solutions in the healthcare and maternal wellness sector, contributing to the market’s steady growth and consumer satisfaction.

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Key Opportunity Analysis:

Developing eco-friendly, energy-efficient Smart Breast Pump options to adjust with sustainability trends is Creating Growth Opportunities in the Market.

With a growing global focus on environmental responsibility, consumers are increasingly seeking products that reduce energy consumption and minimize their carbon footprint. In response, manufacturers are developing eco-conscious smart breast pump options that not only prioritize user comfort and efficiency but also reduce energy consumption and environmental impact. This shift not only resonates with sustainability-conscious consumers but also opens new growth avenues for businesses in the Smart Breast Pump Market, fostering a more environmentally responsible and health-conscious maternal care industry.

Integrating Smart Breast Pump into broader IoT ecosystems, allowing seamless interaction with other smart kitchen devices will create lucrative growth opportunities in the Smart Breast Pump Market.

This integration enables seamless communication and interaction with other smart kitchen and home devices, fostering convenience and a more integrated lifestyle for modern mothers. Imagine a scenario where a smart breast pump can communicate with a smart refrigerator, monitoring breast milk storage and expiration dates, or with a smartphone app that tracks feeding schedules and offers lactation advice. This interconnected ecosystem not only simplifies daily routines but also enhances the overall user experience. By harnessing the power of IoT, the Smart Breast Pump Market can tap into a broader range of innovative functionalities, opening up lucrative growth opportunities and further solidifying its position as an essential component of contemporary motherhood and healthcare. This convergence of technology has the potential to transform how mothers manage breastfeeding and childcare.

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The Report also Covers the Following Areas:

  • Smart Breast Pump Market Size and Forecast
  • Smart Breast Pump Market Trends
  • Smart Breast Pump Market Analysis by Type

Smart Breast Pump Market 2023-2030: Key Highlights

  • CAGR of the market during the forecast period 2023-2030
  • Value Chain analysis of key stake holders
  • Detailed analysis of market drivers and opportunities during the forecast period
  • Smart Breast Pump Market size estimation and forecast.
  • Analysis and predictions on end users’ behavior and upcoming trends
  • Competitive landscape and Vendor market analysis including offerings, developments, and financials.
  • Comprehensive analysis of challenges and constraints in the Smart Breast Pump Market

Covid and Ukrainian Crisis Impact:

  • The COVID-19 pandemic had a significant impact on the Smart Breast Pump Market. As healthcare facilities and workplaces enforced safety measures and lockdowns, many new mothers turned to smart breast pumps as a convenient solution for maintaining breastfeeding routines and managing their work-from-home schedules. The demand for these technologically advanced pumps increased, primarily due to their portability and hygienic features. Additionally, the pandemic emphasized the importance of contactless and remote monitoring capabilities offered by smart breast pumps, assuring mothers of the safety and quality of expressed milk. Overall, COVID-19 accelerated the adoption of smart breast pumps and reshaped the landscape of breastfeeding support for working mothers.
  • The ongoing Ukraine crisis has impacted the global smart breast pump market in various ways. Disruptions in the supply chain due to geopolitical tensions may lead to shortages and price fluctuations in key components and materials needed for manufacturing. Companies within the industry face challenges in sourcing components, impacting production and delivery times. As a result, businesses must diversify suppliers, enhance inventory management, and closely monitor the geopolitical landscape to navigate the evolving market conditions successfully.

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List of Key Market Players in Smart Breast Pump Market:

The key companies profiled in the Smart Breast Pump Market Report are listed below:

  • Saify Group
  • Baybee
  • Lola&Lykke
  • Willow Innovations, Inc.
  • Chiaro Technology Limited
  • Lansinoh Laboratories, Inc.
  • Medela AG
  • Spectra Baby USA
  • Motif Medical
  • Ameda, Inc.
  • Zomee Breast Pumps
  • Wislibe
  • Youha
  • Empreus Inspiration
  • Grateful Babies

Related Reports:

Breast Pumps Market – The Breast Pumps Market size is projected to grow at a CAGR of 8.6% from 2022 to 2027, owing to Government initiatives for awareness about breast feeding and globally improving healthcare expenditure.

Piezoelectric Pumps Market– Piezoelectric Pumps Market size is estimated to reach $1,549.8 million by 2030, growing at a CAGR of 18.80% during the forecast period 2023-2030.

Smart Bandages Market – Smart Bandages Market size is estimated to reach $3.5 billion by 2030, growing at a CAGR of 15% during the forecast period 2024-2030.

About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. 

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.

 

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Mr. Venkat Reddy

IndustryARC

Email: [email protected]

USA: (+1) 518 282 4727

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Contact Information:

Mr. Venkat Reddy IndustryARC Email: [email protected] USA: (+1) 518 282 4727



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