Mexico Wearable Breast Pumps Market Size & Outlook
Mexico wearable breast pumps market, 2018-2030 (US$M)
Related Markets
Mexico wearable breast pumps market highlights
- The Mexico wearable breast pumps market generated a revenue of USD 7.7 million in 2023 and is expected to reach USD 11.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, wearable pumps was the largest revenue generating component in 2023.
- Wearable Pumps is the most lucrative component segment registering the fastest growth during the forecast period.
Wearable breast pumps market data book summary
| Market revenue in 2023 | USD 7.7 million |
| Market revenue in 2030 | USD 11.4 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Wearable pumps |
| Fastest growing segment | Wearable Pumps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wearable Pumps, Accessories |
| Key market players worldwide | Ameda, Inc., Koninklijke Philips NV, Pigeon Corp, Medela, Spectra Baby USA, Willow, Elvie, Freemie, BabyBuddha Products |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.4% of the global wearable breast pumps market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil wearable breast pumps market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 16.8 million by 2030.
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Wearable Breast Pumps Market Scope
Wearable Breast Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico wearable breast pumps market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wearable breast pumps market will help companies and investors design strategic landscapes.
Wearable pumps was the largest segment with a revenue share of 58.44% in 2023. Horizon Databook has segmented the Mexico wearable breast pumps market based on wearable pumps, accessories covering the revenue growth of each sub-segment from 2018 to 2030.
The ban on breast milk substitutes might encourage breastfeeding, which can increase sale of breast pumps in the country. Such laws are expected to drive the market. In addition, the Mexican government banned free baby formula used in hospitals to encourage breastfeeding in the country.
Moreover, as per Mexican Federal Labour Law, a total of 12 weeks of maternity leave is allowed, whereas in case of adoption, only 6 weeks of maternity leave is allowed. Around 60% of employee’s salary is paid by Instituto Mexicano de Seguro Social, and the other 40% by the employer. In addition, increasing working female ratio is expected to drive the market for wearable breast pumps in Mexico.
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Our clientele includes a mix of wearable breast pumps market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico wearable breast pumps market , including forecasts for subscribers. This country databook contains high-level insights into Mexico wearable breast pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico wearable breast pumps market size, by component, 2018-2030 (US$M)
Mexico Wearable Breast Pumps Market Outlook Share, 2023 & 2030 (US$M)
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