Global Closed System Transfer Devices Market Projected to Reach USD 1,185 Million By 2026

19-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Closed System Transfer Devices Market By Type (Needleless Systems and Membrane-To-Membrane Systems), By Closing Mechanism (Color-To-Color Alignment Systems, Push-To-Turn Systems, Luer-Lock Systems, and Click-To-Lock Systems), By Component (Syringe Safety Devices, Bag/Line Access Devices, Accessories, and Vial Access Devices), By Technology (Air Cleaning/Filtration Devices, Compartmentalized Devices, and Diaphragm-Based Devices), By End-User (Hospitals, Oncology Centers & Clinics, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Closed System Transfer Devices market in 2019 was approximately USD 340 Million. The market is expected to grow at a CAGR of 20% and is anticipated to reach around USD 1,185 Million by 2026.

Closed system transfer devices are drug transmission equipment that stops the transmission of toxins into a system. These devices also prevent theescapeofharmful vapors as well as medicines outside the closed system. Types of closed system transfer devices include needleless systems and membrane-to-membrane systems. Closing mechanism of these devices involves color-to-color alignment systems, push-to-turn systems, luer-lock systems, and click-to-lock systems. Components of closed system transfer devices consists syringe safety devices, vial access devices, bag/line access devices, and accessories. Technology involves compartmentalized devices, diaphragm-based devices, and air cleaning/filtration devices. End-users of such devices are oncology centers & clinics, and hospitals.

Browse the full “Closed System Transfer Devices Market By Type (Needleless Systems and Membrane-To-Membrane Systems), By Closing Mechanism (Color-To-Color Alignment Systems, Push-To-Turn Systems, Luer-Lock Systems, and Click-To-Lock Systems), By Component (Syringe Safety Devices, Bag/Line Access Devices, Accessories, and Vial Access Devices), By Technology (Air Cleaning/Filtration Devices, Compartmentalized Devices, and Diaphragm-Based Devices), By End-User (Hospitals, Oncology Centers & Clinics, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/closed-system-transfer-devices-market-by-type-needleless-849

Rising prevalence of approvals on a number of oncology drugs has been driving the target market growth. In addition, the increasing rate of cancer among individuals has been propelling the target market growth. Furthermore, augmentation of regulatory guidelines associated with the usage and handling of hazardous drugs has been surging the target market growth as well.

However, the high cost of CSTDs is expected to hamper the target market growth over the forecast period. In addition, the dearth of comprehensive guidelines in developing economies associated with the target market may restrain the target market growth over the forecast period. Nevertheless, technological advances including RTA products are estimated to offer solutions for the reduction of exposure risk with hazardous drugs. This factor may create lucrative opportunities over the forecast period.

In terms of type, the target market is categorized as needleless systems and membrane-to-membrane systems. Among these, membrane to membrane system is the leading one due to the ease of operation.

In terms of closing mechanism, the target market is categorized as color-to-color alignment systems, push-to-turn systems, Luer-lock systems, and click-to-lock systems. Among these categories, push to turn systems is expected to be the dominating one as it accounted for the major part of the closing mechanism segment.

In terms of components, the target market is categorized as syringe safety devices, bag/line access devices, accessories, and vial access devices. Among these, syringe safety devices category is the dominating one. The rising need for regulatory compliance propels the demand for vial access devices in oncology centers as well as hospitals.

In terms of technology, the target market is categorized as air cleaning/filtration devices, compartmentalized devices, and diaphragm-based devices. Among these categories, compartmentalized devices are the leading ones. Compartmentalized devices are available at a lower cost as compared to diaphragm-based devices. These systems provide maximum safety to healthcare patients and workers.

In terms of end-user, the target market is categorized as hospitals, oncology centers & clinics, and others. Among these categories, hospitals are the leading category owing to high financial capabilities to purchase high price CSTDs.

In terms of region, the target market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, North America is anticipated to generate major revenue over the forecast period. The rising number of cancer coupled with need for usage of hazardous cytotoxic drugs has driven the target market growth in the region.

Report Scope

Some of the key players operating in the target market 

Becton, Dickinson & Company, CODAN MedizinischeGeräte GmbH & Co. KG., B. Braun Medical Inc., Baxter, Equashield LLC, Victus, Corvida Medical, Yukon Medical, ICU Medical, Inc., JMS Co., Ltd, Caragen Ltd., and others.

This report segments the Closed System Transfer Devices market as follows:

By Type Segmentation Analysis

• Needleless Systems
• Membrane-To-Membrane Systems

By Closing Mechanism Segmentation Analysis

• Color-To-Color Alignment Systems
• Push-To-Turn Systems
• Luer-Lock Systems
• Click-To-Lock Systems

By Component Segmentation Analysis

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

By Technology Segmentation Analysis

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

By End-User Segmentation Analysis

• Hospitals
• Oncology Centers& Clinics
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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