Brazil Medical Rubber Stopper Market Size & Outlook
Brazil medical rubber stopper market, 2018-2030 (US$M)
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Brazil medical rubber stopper market highlights
- The Brazil medical rubber stopper market generated a revenue of USD 85.8 million in 2023 and is expected to reach USD 121.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.1% 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 85.8 million |
| Market revenue in 2030 | USD 121.3 million |
| Growth rate | 5.1% (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, Brazil accounted for 4.8% 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 63.99% in 2023. Horizon Databook has segmented the Brazil medical rubber stopper market based on siliconized, teflon coated, uncoated stoppers covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil has emerged as a key vaccine production hub in Central & South America. Although the production of vaccines is growing in Brazil, the overall regional demand for them is difficult to be fulfilled by the country alone. Hence, Central & South America imports vaccines more than their exports. This makes it vulnerable to fluctuations in the global supply of vaccines in case of emergencies.
The shortage of the COVID-19 vaccines during the pandemic highlighted the urgent requirement to increase the production of vaccines in Central & South America. In April 2023, PAHO and the Government of Canada announced a collaboration to strengthen the vaccine manufacturing capacity of Central & South America.
As PAHO has two institutions, namely, the Institute of Technology in Immunobiologicals Bio-Manguinhos in Brazil and Argentina and Sinergium Biotech in Argentina, it is anticipated that in the next two years, the organization will assist Bio-Manguinhos in planning and carrying out clinical trials of vaccines for their development.
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Medical Rubber Stopper Market Scope
Medical Rubber Stopper Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil medical rubber stopper market size, by surface treatment, 2018-2030 (US$M)
Brazil Medical Rubber Stopper Market Outlook Share, 2023 & 2030 (US$M)
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