Market Introduction
Medical devices used for extracting milk from the breast of lactating mothers are defined as breast pumps. Mostly, these devices are used by employed women to continue breastfeeding their babies while still at work. In some instances, doctors also recommend women to use breast pumps to stimulate milk supply when the baby is unable to suck milk. Breast pumps have grown as a suitable choice for the working women.
Market Overview and Dynamics
The South and Central America breast pump market is expected to reach US$ 44.12 million by 2028 from US$ 23.79 million in 2021; it is estimated to grow at a CAGR of 9.8% from 2021 to 2028. Major factors driving the growth of the market include high women employment rates, increasing birth rate, and escalating healthcare investments from the private and government sectors. However, childcare crisis among working women may hamper the South and Central America breast pump market growth.
It is hard for working women to feed their babies when they are not around due to hectic working hours and fast-paced lifestyle. The electric breast pumps help these women in the optimal production of milk for mothers, and they can store the milk to ensure that their babies are fed in their absence. Women employment rate across the Latin America is rising with the growing tendency toward pursuing high education among women. Moreover, breastfeeding becomes uncomfortable for women at public places or at workplaces; to address these issues, the use of pumps is being encouraged all over the world to extract the milk when they are not in public. The existence of strong laws in American countries for protecting working women’s rights and ensuring higher women employment rate are contributing to the breast pump market growth in the region.
Countries in Brazil and Argentina are among the top destinations in the world for aesthetic procedures. However, the COVID-19 pandemic has severely impacted the flow of medical devices in the region. The region is expected to impose the second lockdown phase, which will ultimately hamper the healthcare sector in the area. Nevertheless, many countries in the region are likely to impose the second lockdown, which will further hamper the healthcare sector in the region. Moreover, countries in South and Central America are significantly dependent on the US and European countries for their medical resources. Thus, the breast pump market in the region experienced a significant slowdown in 2020.
Key Market Segments
The South and Central America 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 South and Central America 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.
Major Sources and Companies Listed
A few of the primary and secondary sources associated with this report on the South and Central America breast pump market are the Human Milk Banking Association of North America (HMBANA) and World Health Organization (WHO).
Reasons to buy the report
SOUTH AND CENTRAL AMERICA BREAST PUMP MARKET SEGMENTATION
By Technology
By Type
By Distribution Channel
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 23.79 Million |
| Market Size by 2028 | US$ 44.12 Million |
| CAGR (2021 - 2028) | 9.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South and Central America Breast Pump Market is valued at US$ 23.79 Million in 2021, it is projected to reach US$ 44.12 Million by 2028.
As per our report South and Central America Breast Pump Market, the market size is valued at US$ 23.79 Million in 2021, projecting it to reach US$ 44.12 Million by 2028. This translates to a CAGR of approximately 9.8% during the forecast period.
The South and Central America Breast Pump Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South and Central America Breast Pump Market report:
The South and Central America Breast Pump Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South and Central America Breast Pump Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South and Central America Breast Pump Market value chain can benefit from the information contained in a comprehensive market report.
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