UK Medical Rubber Stopper Market Size & Outlook, 2023-2030
UK medical rubber stopper market, 2018-2030 (US$M)
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UK medical rubber stopper market highlights
- The UK medical rubber stopper market generated a revenue of USD 55.6 million in 2023 and is expected to reach USD 85.1 million by 2030.
- The UK market is expected to grow at a CAGR of 6.3% 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 55.6 million |
| Market revenue in 2030 | USD 85.1 million |
| Growth rate | 6.3% (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, UK accounted for 3.1% 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 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 65.47% in 2023. Horizon Databook has segmented the UK medical rubber stopper market based on siliconized, teflon coated, uncoated stoppers covering the revenue growth of each sub-segment from 2018 to 2030.
The UK has a long history of pioneering vaccine research and development. This has attracted considerable investment for increasing vaccine production in the UK. For instance, in April 2023, the Engineering and Physical Sciences Research Council (EPSRC) announced a USD 14.9 million (GBP 12.0 million) investment to fund the Future Vaccines Manufacturing Hub up to 2030.
The Future Vaccines Manufacturing Hub led by the University College London (UCL) and the University of Oxford aims to make the UK the global center for the development and production of highly effective new vaccines. The increase in vaccine production is expected to fuel the demand for stoppers over the forecast period.
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Medical Rubber Stopper Market Scope
Medical Rubber Stopper Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK medical rubber stopper market size, by surface treatment, 2018-2030 (US$M)
UK Medical Rubber Stopper Market Outlook Share, 2023 & 2030 (US$M)
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