Japan Medical Rubber Stopper Market Size & Outlook
Japan medical rubber stopper market, 2018-2030 (US$M)
Related Markets
Japan medical rubber stopper market highlights
- The Japan medical rubber stopper market generated a revenue of USD 39.2 million in 2023 and is expected to reach USD 60.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.5% 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 39.2 million |
| Market revenue in 2030 | USD 60.8 million |
| Growth rate | 6.5% (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, Japan accounted for 2.2% 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 Asia Pacific, China medical rubber stopper market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 74.4 million by 2030.
Teflon coated was the largest segment with a revenue share of 67.6% in 2023. Horizon Databook has segmented the Japan medical rubber stopper market based on siliconized, teflon coated, uncoated stoppers covering the revenue growth of each sub-segment from 2018 to 2030.
Japan holds a significant position in the global pharmaceuticals market. According to EFPIA, Japan accounted for a share of 5.5% of the global sales of new medicines launched from 2017 to 2022.
It also stated the pharmaceutical research and development expenditure of the country has followed an upward trend from 1990 to 2021, indicating a strong growth potential for the pharmaceuticals industry in Japan in the coming years. Moreover, the number of new chemical and biological companies is also increasing in the country supporting the growth of pharmaceuticals industry in Japan.
The leading players in stoppers market in Japan are Daikyo and NIPRO. These companies majorly cater to the domestic stopper requirements and export their products to North America and Europe. Japan holds a significant position in stoppers market since major elastomer manufacturers are based in the country, resulting in easy raw material procurement.
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Medical Rubber Stopper Market Scope
Medical Rubber Stopper Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan medical rubber stopper market size, by surface treatment, 2018-2030 (US$M)
Japan Medical Rubber Stopper Market Outlook Share, 2023 & 2030 (US$M)
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