Europe Breast Pump Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Closed System Breast Pump, and Open System Breast Pump), Technology (Manual Breast Pump, and Electric Breast Pump), and Distribution Channel (Consumer Stores, and Online Distribution)
The Europe breast pump market is expected to reach US$ 1,241.90 million in 2028 from US$ 624.78 million in 2021; it is estimated to grow at a CAGR of 10.3% from 2021 to 2028. Major factors driving the growth of the market include high women employment rates, increasing birth rate, and growing number of milk banks in Europe. However, the market is hindered by the working women with their childcare crisis.
Soaring birth rates in developed economies are contributing to the global baby boom. The increasing number of parturient women across the world are thus likely boost the demand for human milk, thereby driving the breast pumps market growth. Also, in developed countries, there is a rising number of human milk banks, which are offering great help to the mothers who face issues in producing milk in the required volumes. Among the European countries, Italy has the highest number of milk banks. Further, the milk banks offer memberships for women who can produce more milk. Many of them also work for a good cause of improving babies’ health. Further, the sterilization and pasteurization processes are important before providing the milk to babies. Increased in the awareness regarding the benefits of donating breast milk is propelling the operations at the breast or human milk banks across Europe, thereby adding to the demand for breast pumps in the region.
The onset of COVID-19 pandemic has led to a shortage of important life-saving medical tools and devices, along with many other significant medical supplies that can help curb the spread of infection, in Europe. Lockdown restrictions imposed by countries and disruptions in the operations of manufacturing units have created a gap in the supply for a broad range of devices such as nipple care products, breast pumps, breast milk storage bags, breast milk bottles, nipple shields, and breast shells. Moreover, shift in priorities from convenience products to necessary supplies, mainly the COVID-19 diagnosis and treatment tools, have led to decline in the production and sales of breast pumps to a certain extent.
The Europe breast pump market, based on technology, is segmented into electric breast pump and manual breast pump. In 2020, the electric breast pump segment held a larger share of the market, and it is expected register a higher CAGR during the forecast period.
The Europe breast pump market, based on type is segmented into closed system breast pump and open system breast pump. In 2020, the closed system breast pump segment held a larger market share, and the market for this segment is expected to grow at a higher CAGR during 2021–2028.
The Europe breast pump market, based on distribution channel, is segmented into consumers stores and online distribution. In 2020, the consumers store segment held a larger share of the market. However, the online distribution segment is expected register a higher CAGR in the market from 2021 to 2028.
A few of the primary and secondary sources associated with this report on the Europe breast pump market are the European Milk Bank Association (EMBA), Women and Child Development (WCD), and World Health Organization (WHO).
Reason To Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe breast pump market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Europe breast pump market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook