South Africa Medical Rubber Stopper Market Size & Outlook
South Africa medical rubber stopper market, 2018-2030 (US$M)
Related Markets
South Africa medical rubber stopper market highlights
- The South Africa medical rubber stopper market generated a revenue of USD 29.2 million in 2023 and is expected to reach USD 37.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.6% 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 29.2 million |
| Market revenue in 2030 | USD 37.4 million |
| Growth rate | 3.6% (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, South Africa accounted for 1.6% 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 Middle East & Africa, Saudi Arabia medical rubber stopper market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 59.6 million by 2030.
Teflon coated was the largest segment with a revenue share of 62.33% in 2023. Horizon Databook has segmented the South Africa medical rubber stopper market based on siliconized, teflon coated, uncoated stoppers covering the revenue growth of each sub-segment from 2018 to 2030.
The commercial beef production industry in South Africa is well organized, ranging from tiny farms on a few hectares with a few beef cattle to huge farms on vast expanses of land with thousands of beef cattle. A number of beef producers raise weaner calves that become marketable when they are around 7 months old.
According to the Agricultural Sector Education and Training Authority (AgriSETA) of South Africa, the country produces approximately 21.4% of the total meat produced in Africa. The commercial beef production industry in South Africa was affected by the foot and mouth disease outbreak, which negatively impacted exports from this industry.
Currently, the country imports foot and mouth disease vaccines from Botswana as it lacks in terms of domestic vaccine production capability. The constant risk of foot and mouth disease to breeding cattle can drive demand for vaccines and other animal injectables in South Africa. This fuels the demand for stoppers in the country that are required for syringes.
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Medical Rubber Stopper Market Scope
Medical Rubber Stopper Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa medical rubber stopper market size, by surface treatment, 2018-2030 (US$M)
South Africa Medical Rubber Stopper Market Outlook Share, 2023 & 2030 (US$M)
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