South Korea Wearable Breast Pumps Market Size & Outlook
South Korea wearable breast pumps market, 2018-2030 (US$M)
Related Markets
South Korea wearable breast pumps market highlights
- The South Korea wearable breast pumps market generated a revenue of USD 3.9 million in 2023 and is expected to reach USD 7.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.3% 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 3.9 million |
| Market revenue in 2030 | USD 7.3 million |
| Growth rate | 9.3% (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, South Korea accounted for 0.7% 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 Asia Pacific, China wearable breast pumps market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 22.6 million by 2030.
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Wearable Breast Pumps Market Scope
Wearable Breast Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 58.97% in 2023. Horizon Databook has segmented the South Korea wearable breast pumps market based on wearable pumps, accessories covering the revenue growth of each sub-segment from 2018 to 2030.
A pregnant employee is entitled to 3 months of maternity leave, of which 60 days are fully paid. Maternity leave shall be paid under Article 18 of the Equal Employment Opportunity and Work-Family Balance Assistance Act.
Moreover, a mother employee is allowed to take two 30-minute nursing breaks daily to breastfeed her child. However, according to data from Korea Institute for Health and Social Affairs (KIHASA), rate of breastfeeding is very low in this country.
In addition, a large number of South Korean working mothers fail to breastfeed their babies, due to peer pressure and a lack of support from the organization. Thus, despite government efforts to encourage and create a mother-baby-friendly environment, it is challenging for South Korean mothers to breastfeed their babies. Since South Korea is the largest producer of infant milk formula worldwide, it might affect breast pump manufacturers looking to enter the market.
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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 South Korea wearable breast pumps market , including forecasts for subscribers. This country databook contains high-level insights into South Korea wearable breast pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea wearable breast pumps market size, by component, 2018-2030 (US$M)
South Korea Wearable Breast Pumps Market Outlook Share, 2023 & 2030 (US$M)
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