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Closed System Transfer Devices Market 2021 Present Scenario on Growth Analysis and High Demand to 2027

Summary

The Closed System Transfer Devices Market is projected to reach USD 982 million by 2027 from USD XX million in 2020, at a CAGR of 20.3%. Latest added Closed System Transfer Devices Market research study by MarketDigits offers detailed product […]

The Closed System Transfer Devices Market is projected to reach USD 982 million by 2027 from USD XX million in 2020, at a CAGR of 20.3%.

Latest added Closed System Transfer Devices Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2027. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are Baxter International, B. Braun Melsungen AG, Becton, Equashield LLC, Corvida Medical, Yukon Medical. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

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This report studies the Closed System Transfer Devices Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Closed System Transfer Devices Market by companies, region, type and end-use industry.

Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on “Closed System Transfer Devices Market, By Type (Membrane-to-membrane Systems, Needleless Systems), Component (Vial Access Devices, Syringe Safety Devices, Bag/Line Access Devices), Technology, Closure, End User & Geography – Global Forecast To 2027”. Early buyers will get 10% customization on study.

To Avail deep insights of Closed System Transfer Devices Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.

Unlock new opportunities in Closed System Transfer Devices Market; the latest release from MarketDigits highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.

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Growth in this market is mainly driven by the rising prevalence of cancer, increasing number of oncology drug approvals, increasing use of closed system transfer devices to combat the harmful effects of cytotoxic or antineoplastic drugs, and improving regulatory guidelines regarding the safe handling and use of hazardous drugs.

The membrane-to-membrane systems segment is expected to account for the largest share of the closed system transfer devices market in 2019

On the basis of type, the membrane-to-membrane systems segment is expected to account for the largest share of the market in 2019. The large share and high growth of this segment can be attributed to their ease of operation and the lower risk of contamination associated with double-membrane containment systems. Also, these systems use a double membrane junction between the syringe and the medication vial or container to help isolate medications. This double membrane containment system provides an added layer of protection compared to needleless membranes, which boosts growth in this segment.

The diaphragm-based devices segment is expected to account for the largest share of the market in 2019

Based on technology, the diaphragm-based devices segment accounted for the largest share of the market. The large share of this segment is mainly due to the ease of operation and safety provided by these devices. The compartmentalized devices segment is expected to grow at the highest CAGR of 23.6% during the forecast period due to their lower cost.

The hospitals segment accounted for the largest share of the closed system transfer devices market in 2019

Based on end user, the hospitals segment is expected to account for the largest share of the market in 2019. The large share and high growth of this segment are mainly due to the strong financial capabilities of hospitals for purchasing high-priced CSTDs as compared to oncology centers and clinics, large cancer patient pool, and the increasing need to comply with the regulatory guidelines established by the FDA and NIOSH regarding the safety of healthcare providers.

Asia Pacific is expected to grow at the highest CAGR during the forecast period

The market in the Asia Pacific is expected to grow at the highest CAGR during the forecast period. This is due to the rising incidence of cancer and the increasing demand for better healthcare services in developing economies such as India and China. In addition, the increasing focus of international players on emerging markets is further expected to drive the growth of this market in the APAC.

Prominent players in the global closed system transfer devices industry are Becton, Dickinson and Company (US), ICU Medical, Inc. (US), Equashield LLC. (US), B. Braun Melsungen AG (Germany), Corvida Medical (US), Yukon Medical (US), JMS Co., Ltd. (US), CODAN Medizinische Geräte GmbH & Co KG (Germany), Baxter International, Inc. (US), VICTUS (US), and Caragen Ltd. (Ireland).

Closed System Transfer Devices Market : Scope of the Report:

The research report categorizes the market into the following segments and subsegments:

Closed System Transfer Devices Market, by Closing Mechanism

  • Push-to-turn Systems
  • Color-to-color Alignment Systems
  • Luer-lock Systems
  • Click-to-lock Systems

Closed System Transfer Devices Market, by Type

  • Membrane-to-membrane Systems
  • Needleless Systems

Closed System Transfer Devices Market, by Component

  • Vial Access Devices
  • Syringe Safety Devices
  • Bag/Line Access Devices
  • Accessories

Closed System Transfer Devices Market, by Technology

  • Diaphragm-based Devices
  • Compartmentalized Devices
  • Air Cleaning/Filtration Devices

Closed System Transfer Devices Market, by End User

  • Hospitals
  • Oncology Centers & Clinics
  • Other End Users

Closed System Transfer Devices Market, by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Closed System Transfer Devices Market Recent Developments

  • In 2018, Equashield LLC. (US) entered into a partnership with Max Care Medical (Saudi Arabia) to distribute its CSTDs in Saudi Arabia as well as the wider Middle East and Africa region.
  • In 2017, Equashield LLC. (US) launched Equashield Pro, a compounding Robot CSTD.
  • In 2017, ICU Medical, Inc. (US) acquired Medical Australia Limited to improve the distribution of its infusion therapy consumable products to the healthcare sector in Australia and New Zealand.
  • In 2017, ICU Medical, Inc. (US) signed an agreement with Terumo Corporation (Japan). According to this agreement, Terumo will distribute ICU’s IV therapy and CSTD products in Japan and other countries across Asia.
  • In 2017, Becton, Dickinson and Company (US) expanded its manufacturing site at Nebraska, US.

 

Some of the features of this Closed System Transfer Devices Market report:

  • Market size estimates: Closed System Transfer Devices market size estimation in terms of value ($M) shipment.Trend and forecast analysis: Market trend (2015-2020) and forecast (2021-2027) by end use and use industry.
  • Segmentation analysis: Closed System Transfer Devices market size by application and headset in terms of value and volume shipment.
  • Regional analysis: Closed System Transfer Devices market breakdown by key regions such as North America, Europe, and Asia & Rest of World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions in the Closed System Transfer Devices market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape in the Closed System Transfer Devices market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

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