The size of the Breast Pumps market in Latin America is estimated to grow USD 113.33 million by 2028 from USD 79.68 million in 2023, registering a CAGR of 7.3% during the forecast period. It captures 12% of the global market.
The increasing popularity of breast pumps in both developed and developing countries through campaigns and digital advertisements promotes the market demand in Latin America. Breast pumps are not only to extract the milk from lactating women but are also used to store the milk and feed babies later, and this is highly attracting working-class women where they can feed their babies after coming from work. Therefore, the attribute mentioned above is accelerating the growth rate of the market. In addition, the rising focus on improving healthcare facilities both in government and non-government healthcare centers is boosting the breast pumps market demand in Latin America.
However, slight variations in the production rate of the devices due to various reasons in pharmaceutical companies quietly impede the market's demand. In addition, the shortage of skilled people in manufacturing the latest designs has remained a challenging factor for market growth. Furthermore, in Latin America, people in rural areas are less aware of breast pumps, limiting the market's growth rate. In addition, some of the devices cost high due to their advanced technologies, and this is also inhibiting the demand of the breast pumps market in Latin America.
Increasing support from government organizations through funds is a significant factor in creating growth opportunities for the market. Growing awareness, even in rural areas with initiative steps by both public and private organizations and escalating expenditure on healthcare, is likely to outshine the market's growth rate during the forecast period. In addition, the emergence of e-commerce in the healthcare industry and constant economic growth from recent years are further anticipated to fuel the growth of the breast pumps market in Latin America.
This research report on the Latin American Breast Pumps market has been segmented and sub-segmented into the following categories:
By Product Type:
By Application:
By Technology:
By Country:
Regionally, Latin America is expected to showcase a robust CAGR during the forecast period. The growing popularity of breast pumps in both developed and developing countries due to marketing initiatives and commercials is driving up demand in Latin America. In addition, breast pumps are being used to extract milk from lactating women and preserve it so that it may be fed to newborns later, attracting working-class women who can feed their babies after they get home from work.
Breast pumps are in high demand in Latin America because of a growing focus on improving healthcare facilities in both government and non-government facilities.
Furthermore, the advent of E-commerce in the healthcare industry and consistent economic expansion in recent years is expected to boost the growth of the region’s breast pump market.
Increasing financial backing from government entities is a key driver in the market’s expansion. Due to the public and private sector initiatives and rising healthcare spending, growing awareness, especially in rural regions, is expected to outpace the market’s growth rate throughout the projected period.
KEY MARKET PLAYERS:
Companies playing a key role in the Latin American Breast pumps market profiled in this report are Pigeon Group (Pigeon Corporation), Koninklijke Philips N.V., Ameda, Inc., Ardo Medical Ag, Evenflo Feeding, Inc. Other players in the market are Mayborn Group Limited (Shanghai Jahwa Co. Ltd), Spectra Baby USA, Albert Manufacturing USA (Albert Group), Hygeia Health, and others.
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