Global Medical Rubber Stopper Market Size & Outlook
The medical rubber stopper industry worldwide is expected to reach a projected revenue of US$ 2,572.8 million by 2030. A compound annual growth rate of 5.5% is expected of the worldwide medical rubber stopper industry from 2024 to 2030.
Revenue, 2023 (US$M)
$1,771.4
Forecast, 2030 (US$M)
$2,572.8
CAGR, 2024 - 2030
5.5%
Report Coverage
Worldwide
Global medical rubber stopper market, 2018-2030 (US$M)
Related Markets
Global medical rubber stopper market highlights
- The global medical rubber stopper market generated a revenue of USD 1,771.4 million in 2023 and is expected to reach USD 2,572.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.5% by 2030.
- In terms of segment, teflon coated accounted for a revenue of USD 1,139.8 million in 2023.
- Teflon Coated is the most lucrative surface treatment segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,771.4 million |
| Market revenue in 2030 | USD 2,572.8 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Teflon coated |
| Fastest growing segment | Teflon Coated |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Siliconized, Teflon Coated, Uncoated Stoppers |
Other key industry trends
- In terms of revenue, the North America accounted for 37.8% of the global medical rubber stopper market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 37.4 million by 2030.
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Medical Rubber Stopper Market Scope
Medical rubber stopper market segmentation & scope
Medical Rubber Stopper Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global medical rubber stopper market size, by regions, 2018-2030 (US$M)
Top 10 countries: Medical rubber stopper market size, 2023 (US$M)
Global medical rubber stopper market share, by surface treatment, 2023 & 2030 (%, US$M)
Medical rubber stopper market: Opportunity assessment by country
Global medical rubber stopper market, by region, 2023 (US$M)
| Surface Treatment | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 501.9 | 529.8 | 561.1 | 585.1 | 628.3 | 668.9 | 703.0 | 740.3 | 781.4 | 826.7 | 876.7 | 932.1 | 993.7 | 5.8% |
| Europe | 321.7 | 339.4 | 359.1 | 374.2 | 405.0 | 426.1 | 449.0 | 474.1 | 501.6 | 532.1 | 565.7 | 603.0 | 644.5 | 6.1% |
| Asia Pacific | 155.0 | 162.8 | 171.6 | 178.1 | 192.4 | 200.9 | 211.9 | 223.9 | 237.2 | 251.8 | 268.0 | 286.0 | 305.9 | 6.2% |
| Latin America | 210.1 | 222.0 | 235.3 | 245.6 | 266.4 | 282.3 | 293.4 | 305.5 | 318.8 | 333.3 | 349.3 | 366.9 | 386.2 | 4.6% |
| MEA | 179.5 | 182.1 | 185.2 | 185.2 | 191.9 | 193.1 | 198.5 | 204.4 | 210.7 | 217.6 | 225.2 | 233.5 | 242.5 | 3.3% |
| Overall | 1,368.2 | 1,436.1 | 1,512.2 | 1,568.1 | 1,684.1 | 1,771.4 | 1,855.7 | 1,948.2 | 2,049.7 | 2,161.5 | 2,284.9 | 2,421.4 | 2,572.8 | 5.5% |
Related regional statistics
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