Closed System Transfer Device Market by Type (Needleless Systems and Membrane-To-Membrane Systems), by Closing Mechanism (Luer-Lock, Color-To-Color Alignment, Push-To-Turn, and Click-To-Lock Systems), by Component (Bag/Line Access Devices, Syringe Safety Devices, Vial Access Devices, and Accessories), by Technology (Compartmentalized Devices, Diaphragm-Based Devices, and Air Cleaning/Filtration Devices), and By End-User (Oncology Centers & Clinics, Hospitals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Global closed system transfer device market expected to generate around USD 1,180 million by 2025, at a CAGR of around 20.2% between 2019 and 2025. Closed system transfer devices (CSTDs) allow safe drug transfer while restricting the inflow of environmental contaminants and outflow of drugs to be transferred into the system.

02-Apr-2019 | Number of pages: 110 | Report Code: ZMR-3981 | Report Format : | Status : Published

Analysis

Closed System Drug Transfer Device (CSTD) is used for safe drug transfer and to restrict transmission of environmental contaminants into the system and leakage or transfer of vapor concentrations or hazardous drug outside the system. Uncontrolled inflow and outflow of drugs and contaminants are prevented by CSTDs and solution’s drug quality is preserved along with providing protection to healthcare workers that handle the drug solution.

The demand for closed system transfer devices is growing rapidly, owing to the increasing prevalence of cancer, rising adoption of closed system transfer devices for transferring hazardous drugs, such as antineoplastic or cytotoxic drugs, the growing need for regulatory compliance for safe handling of harmful drugs, and escalating number of drug approvals for cancer. These are some primary factors driving the global closed system transfer device market. Additionally, closed system transfer devices help in avoiding environmental contamination with harmful drugs resulting in increased device adoption, which, in turn, drives the market growth. However, the high implementation cost of CSTDs and lack of regulatory compliance in emerging countries may hamper the global closed system transfer device market. The use of closed system transfer devices for other therapeutic applications and rapid use of CSTDs in emerging markets are projected to create new growth opportunities for the global closed system transfer device market.

Global Closed System Transfer Device Market

The global closed system transfer device market segments are based on closing mechanism, type, technology, component, and end-user. Based on type, the market is segmented into membrane-to-membrane systems and needleless systems. Based on the closing mechanism, a closed system transfer device market is segmented into color-to-color alignment systems, push-to-turn systems, click-to-lock systems, and Luer-lock systems. Based on component, closed system transfer device market is segmented into syringe safety devices, vial access devices, accessories and bag/line access devices. Based on technology, the closed system transfer device market is segmented into compartmentalized devices, diaphragm-based devices, and air cleaning/filtration devices. Oncology centers and clinics, hospitals, and others comprise the end-user segment of the market.

By region, North America dominated the global closed system transfer devices market, with a market share of about 44%, in 2018. This regional dominance is attributed to the increasing prevalence of cancer, rising adoption of closed system transfer devices for safe handling of harmful drugs, and the presence of key market players in this region. Europe was the second largest closed system transfer device market in 2018 globally, due to the increasing healthcare spending, high cancer disease burden, and increasing aging population. The Asia Pacific closed system transfer device market will register the highest CAGR over the forecast time period, owing to the rapid adoption of CSTDs, the increasing prevalence of cancer, and growing geriatric population.

Some key players of the global closed system transfer device market include ICU Medical, Inc., Becton, Dickinson, and Company, JMS Co., Ltd., B. Braun Melsungen, Teva Pharmaceutical Industries Ltd., Equashield, Yukon Medical, Corvida Medical, Codan Medizinische Geräte GmbH & Co Kg, Caragen Ltd., Victus, Inc., and Baxter International Inc.


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