Mexico Medical Rubber Stopper Market Size & Outlook
Mexico medical rubber stopper market, 2018-2030 (US$M)
Related Markets
Mexico medical rubber stopper market highlights
- The Mexico medical rubber stopper market generated a revenue of USD 89.6 million in 2023 and is expected to reach USD 117.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.9% 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 89.6 million |
| Market revenue in 2030 | USD 117.4 million |
| Growth rate | 3.9% (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, Mexico accounted for 5.1% 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 North America, U.S. medical rubber stopper market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 579.2 million by 2030.
Teflon coated was the largest segment with a revenue share of 62.95% in 2023. Horizon Databook has segmented the Mexico 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 International Trade Administration (ITA), Mexico is the fifteenth-largest market for pharmaceuticals in the world. The U.S. is the largest foreign supplier of pharmaceuticals to Mexico. A decline in the imports of pharmaceuticals by Mexico from the U.S. has been observed from 2019 to 2022.
This can be attributed to the initiatives undertaken by the government of the country to support the growth of its domestic pharmaceuticals market. The growth of this market in Mexico is anticipated to fuel the consumption of stoppers in the country in the coming years.
Moreover, the COVID-19 pandemic has created a strong requirement to set up vaccine manufacturing and packaging units in the country. This initiative is a result of the number of casualties reported in Mexico during the pandemic due to delays in acquiring vaccines.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Medical Rubber Stopper Market Scope
Medical Rubber Stopper Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico medical rubber stopper market size, by surface treatment, 2018-2030 (US$M)
Mexico Medical Rubber Stopper Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
