Product Code: GVR-4-68040-135-3
Medical Rubber Stopper Market Growth & Trends:
The global medical rubber stopper market size is anticipated to reach USD 2.57 billion by 2030, registering a CAGR of 5.5% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The global market is witnessing significant growth due to the expansion of the healthcare, pharmaceutical, and biotechnology industries. The heightened focus on drug safety and efficacy is leading to more stringent regulations and standards for pharmaceutical packaging, consequently driving the demand for medical rubber stoppers that ensure the integrity and sterility of drugs. In addition, governments and public health organizations around the world initiated mass vaccination campaigns to immunize large segments of their populations.
These campaigns required a vast quantity of vaccine vials and stoppers to store and administer the vaccines. Hence, mass vaccination campaigns triggered market growth. Preventive medicine in animal health focuses on proactively protecting animals from diseases rather than treating them after they become sick. Vaccination is one of the most effective tools in preventing the spread of infectious diseases among animals. It involves the development and adherence to routine vaccination schedules for different species of animals. Hence, the increasing demand for vaccines in veterinary medicine escalates the demand for medical rubber stoppers for vaccine vials and prefilled syringes.
Furthermore, the high demand for prefilled syringes in the healthcare industry is a compelling driver of market growth. Prefilled syringes have gained popularity for drug delivery due to their convenience, accuracy, and reduced risk of dosing errors. However, to maintain the integrity and sterility of the medications within these syringes, high-quality medical rubber stoppers are essential. These stoppers serve as a barrier against contamination, prevent leakage, and ensure the precise delivery of medication. Moreover, the trend toward self-administration of injectable medications by patients has heightened the importance of user-friendly prefilled syringes, making specialized rubber stoppers a critical component in enhancing ease of use and overall patient compliance. Therefore, this growing demand for prefilled syringes is stimulating the product demand.
Medical Rubber Stopper Market Report Highlights:
- The Asia Pacific regional market was estimated at USD 1.92 billion in 2022 and is expected to grow at a CAGR of 6.2% from 2023 to 2033
- The Teflon-coated surface treatment segment led the global market in 2022 and accounted for a revenue share of over 64.0% due to its biocompatibility, which makes it suitable for use in medical devices and rubber stoppers that encounter bodily fluids, tissues, or drugs
- Moreover, Teflon-coated medical rubber stoppers possess properties, such as chemical inertness, low friction, and nonstick properties, that further drive their demand further
- The human injectable application segment is anticipated to experience rapid growth over the forecast period due to the increased drug development and clinical trials, rising demand for prefilled syringes, and global vaccination drive, consequently increasing the product demand
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Assumptions
- 1.3 Market Segmentation
- 1.4 Information Procurement
- 1.4.1 Purchased Database
- 1.4.2 GVR's Internal Database
- 1.4.3 Secondary Sources
- 1.4.4 Third Party Perspective
- 1.4.5 Primary Research
- 1.5 Information Analysis & Data Analysis Models
- 1.6 Market Formulation and Data Visualization
- 1.7 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segmental Outlook
- 2.3 Competitive Outlook
Chapter 3 Medical Rubber Stoppers Market Variables, Trends, and Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Parent Market Outlook: Pharmaceutical Packaging Market
- 3.1.2 Related Market Outlook: Caps And Closures Market
- 3.2 Industry Value Chain Analysis
- 3.2.1 Raw Material Trends
- 3.2.2 Raw Material Price Analysis
- 3.2.3 Technology Overview
- 3.3 Regulatory Framework
- 3.3.1 U.S. Regulations
- 3.3.2 European Union Regulations
- 3.3.3 Japan Regulations
- 3.4 Market Dynamics
- 3.4.1 Market Driver Analysis
- 3.4.1.1 Rise In Aging Population And The Prevalence Of Age-Related Diseases Are Driving The Demand For Secure Packaging
- 3.4.1.2 Growing Vaccination Drive Across The Globe
- 3.4.2 Market Restraints
- 3.4.2.1 Fluctuating Prices of Raw Materials
- 3.4.3 Market Challenges
- 3.4.3.1 Stringent Standards and Regulatory Compliance
- 3.5 Business Environment Analysis: Medical Rubber Stoppers Market
- 3.5.1 Industry Analysis: PORTER'S Five Forces Analysis
- 3.5.2 PESTLE Analysis
- 3.6 Looming Inflation Concerns & Economic Slowdown and its Impact on the Market
- 3.7 Eastern Europe Geopolitical Implication Overview
Chapter 4 Medical Rubber Stoppers Market: Surface Treatment Estimates & Trend Analysis
- 4.1 Medical Rubber Stoppers Surface Treatment Movement Analysis & Market Share, 2022 & 2030
- 4.2 Medical Rubber Stoppers Market Estimates & Forecast, By Surface Treatment (Million Units) (USD Million)
- 4.3 Siliconized
- 4.3.1 Medical Rubber Stoppers Market Estimates & Forecasts, By Siliconized, 2018 - 2030 (Million Units) (USD Million)
- 4.4 Teflon-coated
- 4.4.1 Medical Rubber Stoppers Market Estimates & Forecasts, By Teflon Coated, 2018 - 2030 (Million Units) (USD Million)
- 4.5 Uncoated Stoppers
- 4.5.1 Medical Rubber Stoppers Market Estimates & Forecasts By Uncoated Stoppers, 2018 - 2030 (Million Units) (USD Million)
Chapter 5 Medical Rubber Stoppers Market: Application Estimates & Trend Analysis
- 5.1 Application Movement Analysis & Market Share, 2022 & 2030
- 5.2 Medical Rubber Stoppers Market Estimates & Forecast, By Application, 2018 - 2030 (Million Units) (USD Million)
- 5.3 Laboratory
- 5.3.1 Medical Rubber Stoppers Market Estimates & Forecasts, By Laboratory, 2018 - 2030 (Million Units) (USD Million)
- 5.4 Diagnostic
- 5.4.1 Medical Rubber Stoppers Market Estimates & Forecasts, By Diagnostic, 2018 - 2030 (Million Units) (USD Million)
- 5.5 Human Injectable
- 5.5.1 Medical Rubber Stoppers Market Estimates & Forecasts, By Human Injectable, 2018 - 2030, (Million Units) (USD Million)
- 5.6 Animal Injectable
- 5.6.1 Medical Rubber Stoppers Market Estimates & Forecasts, By Animal Injectable, 2018 - 2030, (Million Units) (USD Million)
Chapter 6 Medical Rubber Stoppers Market: Regional Estimates & Trend Analysis
- 6.1 Medical Rubber Stoppers Market: Regional Outlook
- 6.2 North America
- 6.2.1 North America Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.2.2 U.S.
- 6.2.2.1 U.S. Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.2.3 Canada
- 6.2.3.1 Canada Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.2.4 Mexico
- 6.2.4.1 Mexico Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.3 Europe
- 6.3.1 Europe Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.3.2 Germany
- 6.3.2.1 Germany Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.3.3 France
- 6.3.3.1 France Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.3.4 UK
- 6.3.4.1 UK Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.3.5 Italy
- 6.3.5.1 Italy Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.3.6 Spain
- 6.3.6.1 Spain Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.4.2 China
- 6.4.2.1 China Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.4.3 India
- 6.4.3.1 India Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.4.4 Japan
- 6.4.4.1 Japan Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.4.5 South Korea
- 6.4.5.1 South Korea Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.4.6 Australia
- 6.4.6.1 Australia Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.5 Central & South America
- 6.5.1 Central & South America Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.5.2 Brazil
- 6.5.2.1 Brazil Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.5.3 Argentina
- 6.5.3.1 Argentina Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.6 Middle East & Africa
- 6.6.1 Middle East & Africa Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.6.2 Saudi Arabia
- 6.6.2.1 Saudi Arabia Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
- 6.6.3 South Africa
- 6.6.3.1 South Africa Medical Rubber Stoppers Market Estimates & Forecasts, 2018 - 2030 (Million Units) (USD Million)
Chapter 7 Medical Rubber Stoppers Market - Competitive Landscape
- 7.1 Recent Developments & Impact Analysis, By Key Market Participants
- 7.2 Vendor Landscape
- 7.2.1 Company Categorization
- 7.2.2 List Of Key Distributors & Channel Partners
- 7.2.3 List Of Key Potential Customers/End-Users
- 7.3 Competitive Dynamics
- 7.3.1 Company Market Share & Positioning Analysis
- 7.3.2 Competitive Benchmarking
- 7.3.3 Strategy Mapping
- 7.3.3.1 Expansion
- 7.3.3.2 Collaboration
- 7.3.3.3 New Product launches
- 7.3.3.4 Acquisition
- 7.3.4 Company Heat Map Analysis
- 7.4 Participant's Overview
- 7.5 Financial Performance
- 7.6 Product Benchmarking
- 7.6.1. Aptar
- 7.6.2. Datwyler
- 7.6.3. West Pharma
- 7.6.4. Jiangsu Hualan
- 7.6.5. Hubei Huaqiang
- 7.6.6. Samsung Medical Rubber
- 7.6.7. Jiangsu Best
- 7.6.8. Bharat Rubber Works
- 7.6.9. Jiangyin Hongmeng Rubber Plastic
- 7.6.10. Shriji Rubber Industries
- 7.6.11. Jain Rubbers Private Limited
- 7.6.12. Universal Medicap Limited
- 7.6.13. Lonstroff AG (Sumitomo Rubber Group)
- 7.6.14. Bormioli Pharma S.p.A
- 7.6.15. APG Pharma
- 7.6.16. Sagar Rubber
- 7.6.17. Shengzou Rubber &Plastics Co. Ltd