Human Milk Bank Management Market Size is expected to grow at a 8.61% CAGR during the forecast period for 2023-2031.
Human milk banks are establishments that gather, treat, and preserve human milk to provide it to neonates who require it for medical reasons. Lactating mothers provide breast milk to their infants. Although it is not of biological origin, the provided milk contains all the essential nutrients necessary for a baby to commence their nutritional journey on a favourable note. When a woman is unable to breastfeed her infant due to any circumstance, the human milk bank intervenes to fulfil the need for human milk according to medical requirements. Infants are unable to survive without breast milk since it contains the immune-enhancing immunoglobulin M (IgM) that promotes their well-being for one year. In addition, human milk banks are being given preferential treatment as healthcare funding increases. The global human milk bank industry is projected to grow substantially in the next five years, driven by investments from both commercial and public sources.
However, the market growth is hampered by the lack of knowledge criteria for the safety and health of the human milk bank management market and the product's inability to prevent fog in environments with dramatic temperature fluctuations or high humidity human milk bank management because the importance of human milk banking is unknown in many areas. Fewer requests for donor human milk, inadequate donations, and limited donor recruiting could be the outcomes. Supply and demand for donor milk are affected by the number of nursing moms prepared to part with it. As a result of the COVID-19 pandemic, several things occurred: fewer infants ended up in the neonatal intensive care unit, the volume of milk donations decreased, and fewer individuals were involved in donating and receiving milk. Human milk bank activities gradually returned to normal as the epidemic's force waned; the number of recipients and the amount of qualified milk donated both witnessed tremendous increases.
Competitive Landscape
Some Major Key Players In The Human Milk Bank Management Market:
- Prolacta Bioscience
- Milk Matters
- KK Women's Hospital and Children's Hospital
- PREM Bank
- Royal Prince Alfred
- Mothers Milk Bank Pty Ltd
- Mercy Health Breastmilk Bank
- Royal Brisbane and Women's Hospital
- CHOP Mothers' Milk Bank
- Medela
- Others
Market Segmentation:
The human milk bank management market is segmented into end-users and applications. The end users segment is segmented into hospitals, milk bank centres, and neonatal intensive care units (NICUs). By application, the market is segmented into preterm infants and full-term infants.
Based On The End User, The Hospital Human Milk Bank Management Market Segment Is Accounted As A Major Contributor To The Human Milk Bank Management Market.
The hospital's human milk bank management market is expected to lead with a major global market share. Hospitals purchase the vast bulk of donated milk. It is common practice to take a sick or premature baby to the hospital's delivery department or neonatal care unit for treatment. Breast milk is essential for developing a newborn's immune system and gastrointestinal wellness. Breast milk from a woman who is very sick could not always be available. On the other hand, donor milk is better.
Preterm Infant Segment To Witness Growth At A Rapid Rate.
The interior components industry makes up the bulk of human milk bank usage because the increased incidence of premature deliveries due to maternal or infant health problems is one rationale for the upsurge. Babies' immune systems receive a major boost from nursed human milk. Babies born prematurely have an extreme demand for donated milk from milk banks in neonatal intensive care units, especially in countries like the US, Germany, the UK, China, and India.
In The Region, The North American Human Milk Bank Management Market Holds A Significant Revenue Share.
The North American human milk bank management market is expected to record the remarkable market share in revenue in the near future. It can be attributed to the strong healthcare and medical research system that is well-known in the area. North America's human milk banking networks are highly developed, with many milk banks. Hospitals and nonprofits frequently partner with these milk banks. In addition, Asia Pacific is estimated to grow rapidly in the global human milk bank management market because there is a growing consensus that premature and sick infants can benefit from donor human milk and that this practice should be supported.
Recent Developments:
- In Nov 2023, Prolacta Bioscience, the foremost provider of 100% human milk-based nutritional solutions for critically ill, preterm infants in hospitals worldwide, is pleased to declare a noteworthy achievement: Prolacta's Exclusive Human Milk Diet (EHMD) has benefitted more than 100,000 premature and severely unwell infants in hospitals across the globe.
Human Milk Bank Management Market Report Scope
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Report Attribute |
Specifications |
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Growth Rate CAGR |
CAGR of 8.61 % from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Application, End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Prolacta Bioscience, Milk Matters, KK Women's Hospital and Children's Hospital, PREM Bank, Royal Prince Alfred, Mothers Milk Bank Pty Ltd, Mercy Health Breastmilk Bank, Royal Brisbane and Women's Hospital, CHOP Mothers' Milk Bank, Medela and others |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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