Global Breast Milk Storage Products Market Size To Worth USD 1014.4 Million by 2033 | CAGR of 8.28%
Category: HealthcareGlobal Breast Milk Storage Products Market Size To Worth USD 1014.4 Million by 2033
According to a research report published by Spherical Insights & Consulting, the Global Breast Milk Storage Products Market Size is to Grow from USD 457.9 Million in 2023 to USD 1014.4 Million by 2033, at a Compound Annual Growth Rate (CAGR) of 8.28% during the projected period.
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Browse key industry insights spread across 203 pages with 110 Market data tables and figures & charts from the report on the "Global Breast Milk Storage Products Market Size, Share, and COVID-19 Impact Analysis, By Product (Bottles and Bags), By Sales Channel (Hospital Pharmacy (Inpatient), Retail Store, E-Commerce, Wholesaler/Distributor, and Direct Purchase), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/breast-milk-storage-products-market
Breast milk storage products are intended to provide an efficient and hygienic means of conserving breast milk, allowing women to collect and save milk when they are unable to nurse directly or to save extra milk for future use. They are part of the wider nursing industry, which produces breast pumps, breastfeeding equipment, and baby feeding bottles. The rising popularity of breast milk storage products among working women is projected to speed up market developments. One of the market's main drivers is the development of breast milk storage bags. The usage of breast milk storage bags has increased dramatically as an outcome of the incorporation of innovative technologies including barcode scanning and QR code technology. However, several containers and storage bags are not composed of hazardous materials. Avoiding chemical leaching requires using BPA-free options. Furthermore, leakage or contamination might result from improperly sealed bags or containers, which affects the safety of the milk.
The bottle segment accounted for the largest revenue share breast milk storage products market during the projected timeframe.
Based on the product, the breast milk storage products market is divided into bottles and bags. Among these, the bottle segment accounted for the largest revenue share breast milk storage products market during the projected timeframe. The objective of this expansion is to identify ways to adequately keep breast milk for as long as possible, which requires more research and development and technological advancement. Technological developments have enabled the creation of new bottle designs with increased functionality.
The hospital pharmacy (inpatient) segment is expected to hold a significant market share in the breast milk storage products market during the projected timeframe.
Based on the sales channel, the breast milk storage products market is divided into hospital pharmacy (inpatient), retail store, e-commerce, wholesaler/distributor, and direct purchase. Among these, the hospital pharmacy (inpatient) segment is expected to hold a significant market share in the breast milk storage products market during the projected timeframe. The primary reasons for this trend are the growing global birth rate and the sharp rise in after-giving birth product needs among new mothers. In addition, because of safety concerns, hospital pharmacies are the preferred locations for mothers' and infants' products.
North America is expected to hold the largest share of the breast milk storage products market over the forecast period.
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North America is expected to hold the largest share of the breast milk storage products market over the forecast period. This rise is caused by the fact that increasingly women are working and are becoming aware of the advantages of breastfeeding, which enhances the need for storage solutions that maintain breastfeeding schedules. Growing e-commerce platforms have made it simpler for new mothers to receive products, and the country's rising birth rate is driving up demand for child-related products. Support from healthcare professionals like paediatricians and lactation counselors is also expected to drive up consumer awareness and drive the market's growth.
Europe is predicted to grow at the fastest pace in the breast milk storage products market during the projected timeframe. The rise in demand for high-quality milk storage choices among families is caused by the expansion of milk banks, which offer improved options for safe storage; the growing number of working women; a greater priority on baby health; and rising disposable incomes among consumers. The market is expanding considerably in this region as a result of these factors.
Major vendors in the breast milk storage products market are Medela, Magento, Inc., Ardo Medical AG, Koninklijke Philips N.V., Ameda Inc., Babisil Products Co. Ltd., Brainbees Solutions Pvt. Ltd., Pigeon Corporation, Spectra Baby USA, LaVie Mom., Motif Medical, Mayborn Group Limited, Chicco, Lansinoh Laboratories Inc., and others.
Recent Developments
- In April 2024, Willow Innovations, Inc., a Femtech leader shifting the breastfeeding and pumping sectors, launched an increased presence in Target to address moms' pressing feeding difficulties. Willow's packed nursing product line, including award-winning pumps and on-the-go feeding devices, has been offered at Target stores nationwide and online.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the breast milk storage products market based on the below-mentioned segments:
Global Breast Milk Storage Products Market, By Product
- Bottles
- Bags
Global Breast Milk Storage Products Market, By Sales Channel
- Hospital Pharmacy (Inpatient)
- Retail Store
- E-Commerce
- Wholesaler/Distributor
- Direct Purchase
Global Breast Milk Storage Products Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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