Argentina Medical Rubber Stopper Market Size & Outlook
Argentina medical rubber stopper market, 2018-2030 (US$M)
Related Markets
Argentina medical rubber stopper market highlights
- The Argentina medical rubber stopper market generated a revenue of USD 56.8 million in 2023 and is expected to reach USD 79.7 million by 2030.
- The Argentina market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, teflon coated was the largest revenue generating surface treatment in 2023.
- Teflon Coated is the most lucrative surface treatment segment registering the fastest growth during the forecast period.
Medical rubber stopper market data book summary
| Market revenue in 2023 | USD 56.8 million |
| Market revenue in 2030 | USD 79.7 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Teflon coated |
| Fastest growing segment | Teflon Coated |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Siliconized, Teflon Coated, Uncoated Stoppers |
| Key market players worldwide | AptarGroup Inc, West Pharmaceutical Services Inc, Samsung Electronics Co Ltd, Daetwyler Holding AG, Bharat Rubber Works, Jiangyin Hongmeng Rubber and Plastic Products Co., Universal Medicap, Lonstroff, Bormioli Pharma, Sagar Rubber Products |
Other key industry trends
- In terms of revenue, Argentina accounted for 3.2% of the global medical rubber stopper market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil medical rubber stopper 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 121.3 million by 2030.
Teflon coated was the largest segment with a revenue share of 63.91% in 2023. Horizon Databook has segmented the Argentina medical rubber stopper market based on siliconized, teflon coated, uncoated stoppers covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina is one of the largest beef producers and exporters in Central & South America. According to USDA, the U.S. beef imports from Central & South America are mostly from Argentina and Brazil.
According to the World Organization for Animal Health, Argentina is a foot and mouth disease (FMD)-- free country, which reflects a significant consumption of FMD vaccines in it. The growing vaccine consumption in Argentina drives the demand for stoppers in the country used in vaccine packaging products.
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Medical Rubber Stopper Market Scope
Medical Rubber Stopper Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina medical rubber stopper market size, by surface treatment, 2018-2030 (US$M)
Argentina Medical Rubber Stopper Market Outlook Share, 2023 & 2030 (US$M)
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