Germany Medical Rubber Stopper Market Size & Outlook
Germany medical rubber stopper market, 2018-2030 (US$M)
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Germany medical rubber stopper market highlights
- The Germany medical rubber stopper market generated a revenue of USD 78.1 million in 2023 and is expected to reach USD 121.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.6% 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 78.1 million |
| Market revenue in 2030 | USD 121.8 million |
| Growth rate | 6.6% (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, Germany accounted for 4.4% 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 Europe, Germany medical rubber stopper market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 121.8 million by 2030.
Teflon coated was the largest segment with a revenue share of 66.2% in 2023. Horizon Databook has segmented the Germany medical rubber stopper market based on siliconized, teflon coated, uncoated stoppers covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Germany Trade & Invest (GTAI), approximately 550 pharmaceutical companies are located in Germany, and 44 biopharmaceuticals, which are approved in the EU, are produced in Germany.
This is attributed to the highly qualified workforce, strong local chemical industry, and highperforming industrial infrastructure. The strong development of pharmaceutical industry directly supports the growth of the stoppers market in the country.
Germany has an aging population. The birth rate in Germany is low while the life expectancy is seen to be growing in Germany. According to GTAI, by 2035, the share of the “65 and above population” is anticipated to reach about 1/3 of the overall German population. The increasing geriatric population is expected to drive the demand for human injectable and diagnostic products, thus positively impacting the stoppers market.
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Medical Rubber Stopper Market Scope
Medical Rubber Stopper Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany medical rubber stopper market size, by surface treatment, 2018-2030 (US$M)
Germany Medical Rubber Stopper Market Outlook Share, 2023 & 2030 (US$M)
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