Closed System Transfer Devices Market to Exceed US$ 1,620.6 million by 2027 | Says Precedence Research

According to Precedence Research, during the forecast period of 2020 to 2027, the global closed system transfer devices market is estimated to develop at a compound annual growth rate (CAGR) of 20.6%. The global closed system transfer devices market was valued at USD 380 million in 2021, and it is predicted to exceed USD 1,620.6 million by 2027. The study investigates several elements and their consequences on the growth of the closed system transfer devices market.

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Growth Factor

Factors such as growing prevalence of cancer and rising need for monitoring compliance for harmless handling of damaging drugs are driving the growth of closed system transfer device market. Antineoplastic drugs, also known as anticancer drugs, are life-saving for cancer patient. However, these drugs can also be detrimental to the health of the medical professionals. This can occur if the drugs escape during compounding, rebuilding or delivery to patients.

Report Scope of the Clinical Trials Market

At the oncology center, the pharmacy specialists prepare all quantities of chemotherapy under the direction of the expert pharmacist. The CSTDs (Closed system drug transfers devices) are very well known for efficiency at decreasing surface adulteration and contact of healthcare workers after execution. CSTDs are thus necessary for such medicinal preparations. Growing prevalence of cancer all over the world has heavily amplified the demand for the closed system drug transfer devices. Globally, cancer prevalence rate has amplified to make it the second chief cause of demise after cardiovascular disease.

Hazardous drugs, specifically the subclasses of antineoplastic medications, have been designated as the highest chemical hazard existing in the health field and one of the furthermost dangerous chemical agents ever made. Establishments focused on industrial safety, such as the Occupational and Safety and Health Administration (OSHA), Joint Commission, and the Pan American Health Organization (PAHO) are offering increasing consideration to recommendations and tactics for improving protection regarding harmful drugs.

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This report focuses on closed system transfer devices market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall closed system transfer devices market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Middle East & Africa, Latin America, etc.

The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Report Highlights:

• Among the type segment, membrane-to-membrane systems are expected to dominate the overall market. Membrane-to-membrane systems have multiple advantages over other systems which makes them a system of choice in many settings.
• The push-to-turn systems accounted for the largest revenue in the closing mechanism segment with more than 34% share in 2019. Increasing awareness regarding the use of push-to-turn systems for safe transfer of drugs is the major reason for high market share of push-to-turn systems. Luer-lock systems are expected to grow at the topmost CAGR during the forecast time-frame.
• Vial access devices accounted for the largest revenue in the component segment. High usage frequency is the key reason for high market share of vial access devices.
• Hospitals accounted for the largest revenue in the end-user segment. High frequency of chemotherapy administration in hospitals is the key reason for high market share of hospitals.
• ICU Medical, Inc. accounted for a significant share of the global closed system transfer device market.

In-Depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of closed system transfer devices, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of closed system transfer devices has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the closed system transfer devices market.

Some of the prominent players in the closed system transfer devices market include:

• Baxter International Inc.
• Becton, Dickinson, and Company
• CodanMedizinischeGeräte GmbH & Co Kg
• ICU Medical, Inc.
• Yukon Medical
• Braun Melsungen
• Equashield
• Teva Pharmaceutical Industries Ltd.
• Victus, Inc.
• Corvida Medical

Segments Covered in the Report

By Type

• Needleless Systems
• Membrane-to-Membrane Systems

By Closing Mechanism

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

By Component

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

By End User

• Clinics & Oncology Centers
• Hospitals
• Others

Regional Segmentation

• Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
• Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
• North America [United States, Canada, Mexico]
• South America [Brazil, Argentina, Columbia, Chile, Peru]
• Middle East & Africa [GCC, North Africa, South Africa]

Some of the important ones are:

• What can be the best investment choices for venturing into new product and service lines?
• What value propositions should businesses aim at while making new research and development funding?
• Which regulations will be most helpful for stakeholders to boost their supply chain network?
• Which regions might see the demand maturing in certain segments in near future?
• What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
• Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
• Which government regulations might challenge the status of key regional markets?
• How will the emerging political and economic scenario affect opportunities in key growth areas?
• What are some of the value-grab opportunities in various segments?
• What will be the barrier to entry for new players in the market?

Table of Contents

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Regenerative Medicine Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Regenerative Medicine Market

5.1. Covid-19: Regenerative Medicine Industry Impact
5.2. Regenerative Medicine Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Regenerative Medicine Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Regenerative Medicine Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Regenerative Medicine Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Increasing prevalence of cancer
6.1.1.2. Growing need for regulatory compliance for safe handling of harmful drugs
6.1.2. Market Restraints
6.1.2.1. High cost systems
6.1.3. Market Opportunities
6.1.3.1. Rising adoption of closed system transfer devices for transferring hazardous drugs
6.1.3.2. Increasing use of CSTDs in emerging markets

Chapter 7. Global Regenerative Medicine Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Regenerative Medicine Market Revenue by Market Players (2016 -2019)
7.1.1.2. Regenerative Medicine Market Revenue Market Share by Market Players (2016 -2019)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users

Chapter 8. Global Regenerative Medicine Market, By Product

8.1. Regenerative Medicine Market, by Product, 2016-2027
8.1.1. Needleless Systems
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Membrane-to-Membrane Systems
8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Regenerative Medicine Market, By Closing Mechanism

9.1. Regenerative Medicine Market, by Application, 2016-2027
9.1.1. Color-To-Color Alignment Systems
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Push-To-Turn Systems
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Click-To-Lock Systems
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Luer-Lock Systems
9.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Regenerative Medicine Market, By Component

10.1. Regenerative Medicine Market, by Application, 2016-2027
10.1.1. Syringe Safety Devices
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Vial Access Devices
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Accessories
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Bag/Line Access Devices
10.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Regenerative Medicine Market, By End User

11.1. Regenerative Medicine Market, by Application, 2016-2027
11.1.1. Clinics & Oncology Centers
11.1.1.1. Market Revenue and Forecast (2016-2027)
11.1.2. Hospitals
11.1.2.1. Market Revenue and Forecast (2016-2027)
11.1.3. Others
11.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 12. Global Regenerative Medicine Market, Regional Estimates and Trend Forecast

12.1. North America
12.1.1. Market Revenue Forecast by Type (2016-2027)
12.1.2. Market Revenue Forecast by Closing Mechanism (2016-2027)
12.1.3. Market Revenue Forecast by Component (2016-2027)
12.1.4. Market Revenue Forecast by End User (2016-2027)
12.1.5. U.S
12.1.5.1. Market Revenue Forecast (2016-2027)
12.1.6. Canada
12.1.6.1. Market Revenue Forecast (2016-2027)
12.2. Europe
12.2.1. Market Revenue Forecast by Type (2016-2027)
12.2.2. Market Revenue Forecast by Closing Mechanism (2016-2027)
12.2.3. Market Revenue Forecast by Component (2016-2027)
12.2.4. Market Revenue Forecast by End User (2016-2027)
12.2.5. UK
12.2.5.1. Market Revenue Forecast (2016-2027)
12.2.6. Germany
12.2.6.1. Market Revenue Forecast (2016-2027)
12.2.7. France
12.2.7.1. Market Revenue Forecast (2016-2027)
12.2.8. Rest of EU
12.2.8.1. Market Revenue Forecast (2016-2027)
12.3. Asia Pacific (APAC)
12.3.1. Market Revenue Forecast by Type (2016-2027)
12.3.2. Market Revenue Forecast by Closing Mechanism (2016-2027)
12.3.3. Market Revenue Forecast by Component (2016-2027)
12.3.4. Market Revenue Forecast by End User (2016-2027)
12.3.5. China
12.3.5.1. Market Revenue Forecast (2016-2027)
12.3.6. India
12.3.6.1. Market Revenue Forecast (2016-2027)
12.3.7. Japan
12.3.7.1. Market Revenue Forecast (2016-2027)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue Forecast (2016-2027)
12.4. LATAM
12.4.1. Market Revenue Forecast by Type (2016-2027)
12.4.2. Market Revenue Forecast by Closing Mechanism (2016-2027)
12.4.3. Market Revenue Forecast by Component (2016-2027)
12.4.4. Market Revenue Forecast by End User (2016-2027)
12.4.5. Brazil
12.4.5.1. Market Revenue Forecast (2016-2027)
12.4.6. Rest of LATAM
12.4.6.1. Market Revenue Forecast (2016-2027)
12.5. Middle East and Africa (MEA)
12.5.1. Market Revenue Forecast by Type (2016-2027)
12.5.2. Market Revenue Forecast by Closing Mechanism (2016-2027)
12.5.3. Market Revenue Forecast by Component (2016-2027)
12.5.4. Market Revenue Forecast by End User (2016-2027)
12.5.5. GCC
12.5.5.1. Market Revenue Forecast (2016-2027)
12.5.6. North Africa
12.5.6.1. Market Revenue Forecast (2016-2027)
12.5.7. South Africa
12.5.7.1. Market Revenue Forecast (2016-2027)
12.5.8. Rest of MEA
12.5.8.1. Market Revenue Forecast (2016-2027)

Chapter 13. Company Profiles

13.1. Baxter International Inc.
13.1.1. Company Overview, Business Information, Regional Presence
13.1.2. ProductPortfolio Analysis
13.1.2.1. ProductDetails, Specification, Application
13.1.3. Revenue, Price, and Gross Margin (2015-2020)
13.1.4. Recent Developments and Strategies
13.2. Becton, Dickinson, and Company
13.2.1. Company Overview, Business Information, Regional Presence
13.2.2. Product Portfolio Analysis
13.2.2.1. Product Details, Specification, Application
13.2.3. Revenue, Price, and Gross Margin (2015-2020)
13.2.4. Recent Developments and Strategies
13.3. CodanMedizinischeGeräte GmbH & Co Kg
13.3.1. Company Overview, Business Information, Regional Presence
13.3.2. Product Portfolio Analysis
13.3.2.1. Product Details, Specification, Application
13.3.3. Revenue, Price, and Gross Margin (2015-2020)
13.3.4. Recent Developments and Strategies
13.4. ICU Medical, Inc.
13.4.1. Company Overview, Business Information, Regional Presence
13.4.2. Product Portfolio Analysis
13.4.2.1. Product Details, Specification, Application
13.4.3. Revenue, Price, and Gross Margin (2015-2020)
13.4.4. Recent Developments and Strategies
13.5. Yukon Medical
13.5.1. Company Overview, Business Information, Regional Presence
13.5.2. Product Portfolio Analysis
13.5.2.1. Product Details, Specification, Application
13.5.3. Revenue, Price, and Gross Margin (2015-2020)
13.5.4. Recent Developments and Strategies
13.6. B. Braun Melsungen
13.6.1. Company Overview, Business Information, Regional Presence
13.6.2. Product Portfolio Analysis
13.6.2.1. Product Details, Specification, Application
13.6.3. Revenue, Price, and Gross Margin (2015-2020)
13.6.4. Recent Developments and Strategies
13.7. Equashield
13.7.1. Company Overview, Business Information, Regional Presence
13.7.2. Product Portfolio Analysis
13.7.2.1. Product Details, Specification, Application
13.7.3. Revenue, Price, and Gross Margin (2015-2020)
13.7.4. Recent Developments and Strategies
13.8. Teva Pharmaceutical Industries Ltd.
13.8.1. Company Overview, Business Information, Regional Presence
13.8.2. Product Portfolio Analysis
13.8.2.1. Product Details, Specification, Application
13.8.3. Revenue, Price, and Gross Margin (2015-2020)
13.8.4. Recent Developments and Strategies
13.9. Victus, Inc.
13.9.1. Company Overview, Business Information, Regional Presence
13.9.2. Product Portfolio Analysis
13.9.2.1. Product Details, Specification, Application
13.9.3. Revenue, Price, and Gross Margin (2015-2020)
13.9.4. Recent Developments and Strategies
13.10. Corvida Medical
13.10.1. Company Overview, Business Information, Regional Presence
13.10.2. Product Portfolio Analysis
13.10.2.1. Product Details, Specification, Application
13.10.3. Revenue, Price, and Gross Margin (2015-2020)
13.10.4. Recent Developments and Strategies

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

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