Closed System Transfer Device Market - Global Industry Analysis

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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

Published Date: 02-Apr-2019 Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-3981 Status : Published

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.

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Description

The report covers a forecast and an analysis of the closed system transfer device market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints of the closed system transfer device market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the closed system transfer device market on a global and regional level.

In order to give the users of this report a comprehensive view of the closed system transfer device market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Closed System Transfer Device Market

The report provides company market share analysis to give a broader overview of the key players in the closed system transfer device market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the closed system transfer device market on a global and regional basis.

The study provides a decisive view of the closed system transfer device market based on closing mechanism, type, technology, component, end-user, and region. Based on type, the market is segmented into membrane-to-membrane systems and needleless systems. Based on the closing mechanism, the market is segmented into color-to-color alignment systems, push-to-turn systems, click-to-lock systems, and Luer-lock systems. Based on component, the market is segmented into syringe safety devices, vial access devices, accessories, and bag/line access devices. Based on technology, the 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.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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.

This report segments the global closed system transfer device market into:

Global Closed System Transfer Device Market: By Type

Membrane-To-Membrane Systems
Needleless Systems

Global Closed System Transfer Device Market: By Closing Mechanism

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

Global Closed System Transfer Device Market: By Component

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

Global Closed System Transfer Device Market: By Technology

Diaphragm-Based Devices
Compartmentalized Devices
Air Cleaning/Filtration Devices

Global Closed System Transfer Device Market: By End-User

Hospitals
Oncology Centers and Clinics
Others

Global Closed System Transfer Device Market: By Region

North America
- The U.S.
Europe
- UK
- France
- Germany
Asia Pacific
- China
- Japan
- India
Latin America
- Brazil
Middle East and Africa

Table Of Content

Chapter 1. Introduction
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
  - 1.3.1. Market research process
  - 1.3.2. Market research methodology
Chapter 2. Executive Summary
- 2.1. Global Closed System Transfer Device Market Revenue, 2016-2025 (USD Million)
- 2.2. Global Closed System Transfer Device Market: Snapshot
Chapter 3. Closed System Transfer Device Market - Industry Dynamics
- 3.1. Introduction
- 3.2. Market drivers
  - 3.2.1. Global Closed System Transfer Device Market drivers: Impact analysis
  - 3.2.2. Increasing Prevalence of Cancer
  - 3.2.3. Rising adoption of closed system transfer devices for hazardous drugs transfer
- 3.3. Market Restraints
  - 3.3.1. High implementation cost of CSTDs
- 3.4. Opportunities
  - 3.4.1. Use of closed system transfer devices for other therapeutic applications
- 3.5. Porter's Five Forces analysis
- 3.6. Market attractiveness analysis
  - 3.6.1. Market attractiveness analysis, by Type
  - 3.6.2. Market attractiveness analysis, by Closing Mechanism
  - 3.6.3. Market attractiveness analysis, by Component
  - 3.6.4. Market attractiveness analysis, by Technology
  - 3.6.5. Market attractiveness analysis, by End-User
  - 3.6.6. Market attractiveness analysis, by Region
Chapter 4. Global Closed System Transfer Device Market - Competitive Landscape
- 4.1. Company Market Share Analysis
  - 4.1.1. Global Closed System Transfer Device Market: Company Market Share, 2018
- 4.2. Strategic Development
  - 4.2.1. Acquisitions & Mergers
  - 4.2.2. New Product Launch
  - 4.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
  - 4.2.4. Research and Development and Regional Expansion
Chapter 5. Global Closed System Transfer Device Market - Type Analysis
- 5.1. Global Closed System Transfer Device Market: Type overview
  - 5.1.1. Global Closed System Transfer Device Market revenue share, by Type, 2018 and 2025
- 5.2. Membrane-To-Membrane Systems
  - 5.2.1. Global Closed System Transfer Device Market for Membrane-To-Membrane Systems, 2016-2025 (USD Million)
- 5.3. Needleless Systems
  - 5.3.1. Global Closed System Transfer Device Market for Needleless Systems, 2016-2025 (USD Million)
Chapter 6. Global Closed System Transfer Device Market - Closing Mechanism Analysis
- 6.1. Global Closed System Transfer Device Market: Closing Mechanism overview
  - 6.1.1. Global Closed System Transfer Device Market revenue share, by Closing Mechanism, 2018 and 2025
- 6.2. Push-To-Turn Systems
  - 6.2.1. Global Closed System Transfer Device Market for Push-To-Turn Systems, 2016-2025 (USD Million)
- 6.3. Color-To-Color Alignment Systems
  - 6.3.1. Global Closed System Transfer Device Market for Color-To-Color Alignment Systems, 2016-2025 (USD Million)
- 6.4. Luer-Lock Systems
  - 6.4.1. Global Closed System Transfer Device Market for Luer-Lock Systems, 2016-2025 (USD Million)
- 6.5. Click-To-Lock Systems
  - 6.5.1. Global Closed System Transfer Device Market for Click-To-Lock Systems, 2016-2025 (USD Million)
Chapter 7. Global Closed System Transfer Device Market - Component Analysis
- 7.1. Global Closed System Transfer Device Market: Component overview
  - 7.1.1. Global Closed System Transfer Device Market revenue share, by Component, 2018 and 2025
- 7.2. Vial Access Devices
  - 7.2.1. Global Closed System Transfer Device Market for Vial Access Devices, 2016-2025 (USD Million)
- 7.3. Syringe Safety Devices
  - 7.3.1. Global Closed System Transfer Device Market for Syringe Safety Devices, 2016-2025 (USD Million)
- 7.4. Bag/Line Access Devices
  - 7.4.1. Global Closed System Transfer Device Market for Bag/Line Access Devices, 2016-2025 (USD Million)
- 7.5. Accessories
  - 7.5.1. Global Closed System Transfer Device Market for Accessories, 2016-2025 (USD Million)
Chapter 8. Global Closed System Transfer Device Market - Technology Analysis
- 8.1. Global Closed System Transfer Device Market: Technology overview
  - 8.1.1. Global Closed System Transfer Device Market revenue share, by Technology, 2018 and 2025
- 8.2. Diaphragm-Based Devices
  - 8.2.1. Global Closed System Transfer Device Market for Diaphragm-Based Devices, 2016-2025 (USD Million)
- 8.3. Compartmentalized Devices
  - 8.3.1. Global Closed System Transfer Device Market for Compartmentalized Devices, 2016-2025 (USD Million)
- 8.4. Air Cleaning/Filtration Devices
  - 8.4.1. Global Closed System Transfer Device Market for Air Cleaning/Filtration Devices, 2016-2025 (USD Million)
Chapter 9. Global Closed System Transfer Device Market - End-User Analysis
- 9.1. Global Closed System Transfer Device Market: End-User overview
  - 9.1.1. Global Closed System Transfer Device Market revenue share, by End-User, 2018 and 2025
- 9.2. Hospitals
  - 9.2.1. Global Closed System Transfer Device Market for Hospitals, 2016-2025 (USD Million)
- 9.3. Oncology Centers & Clinics
  - 9.3.1. Global Closed System Transfer Device Market for Oncology Centers & Clinics, 2016-2025 (USD Million)
- 9.4. Others
  - 9.4.1. Global Closed System Transfer Device Market for Others, 2016-2025 (USD Million)
Chapter 10. Global Closed System Transfer Device Market - Regional Analysis
- 10.1. Global Closed System Transfer Device Market: Regional overview
  - 10.1.1. Global Closed System Transfer Device Market revenue share, by region, 2018 and 2025
- 10.2. North America
  - 10.2.1. North America Closed System Transfer Device Market Revenue, by Type, 2016-2025 (USD Million)
  - 10.2.2. North America Closed System Transfer Device Market revenue, by Closing Mechanism, 2016-2025 (USD Million)
  - 10.2.3. North America Closed System Transfer Device Market Revenue, by Component, 2016-2025 (USD Million)
  - 10.2.4. North America Closed System Transfer Device Market Revenue, by Technology, 2016-2025 (USD Million)
  - 10.2.5. North America Closed System Transfer Device Market revenue, by End-User, 2016-2025 (USD Million)
  - 10.2.6. The U.S.
    - 10.2.6.1. The U.S. Closed System Transfer Device Market Revenue, by Type, 2016-2025 (USD Million)
    - 10.2.6.2. The U.S. Closed System Transfer Device Market revenue, by Closing Mechanism, 2016-2025 (USD Million)
    - 10.2.6.3. The U.S. Closed System Transfer Device Market Revenue, by Component, 2016-2025 (USD Million)
    - 10.2.6.4. The U.S. Closed System Transfer Device Market Revenue, by Technology, 2016-2025 (USD Million)
    - 10.2.6.5. The U.S. Closed System Transfer Device Market revenue, by End-User, 2016-2025 (USD Million)
  - 10.2.7. Rest of North America
    - 10.2.7.1. Rest of North America Closed System Transfer Device Market Revenue, by Type, 2016-2025 (USD Million)
    - 10.2.7.2. Rest of North America Closed System Transfer Device Market revenue, by Closing Mechanism, 2016-2025 (USD Million)
    - 10.2.7.3. Rest of North America Closed System Transfer Device Market Revenue, by Component, 2016-2025 (USD Million)
    - 10.2.7.4. Rest of North America Closed System Transfer Device Market Revenue, by Technology, 2016-2025 (USD Million)
    - 10.2.7.5. Rest of North America Closed System Transfer Device Market revenue, by End-User, 2016-2025 (USD Million)
- 10.3. Europe
  - 10.3.1. Europe Closed System Transfer Device Market Revenue, by Type, 2016-2025 (USD Million)
  - 10.3.2. Europe Closed System Transfer Device Market revenue, by Closing Mechanism, 2016-2025 (USD Million)
  - 10.3.3. Europe Closed System Transfer Device Market Revenue, by Component, 2016-2025 (USD Million)
  - 10.3.4. Europe Closed System Transfer Device Market Revenue, by Technology, 2016-2025 (USD Million)
  - 10.3.5. Europe Closed System Transfer Device Market revenue, by End-User, 2016-2025 (USD Million)
  - 10.3.6. Germany
    - 10.3.6.1. Germany Closed System Transfer Device Market Revenue, by Type, 2016-2025 (USD Million)
    - 10.3.6.2. Germany Closed System Transfer Device Market revenue, by Closing Mechanism, 2016-2025 (USD Million)
    - 10.3.6.3. Germany Closed System Transfer Device Market Revenue, by Component, 2016-2025 (USD Million)
    - 10.3.6.4. Germany Closed System Transfer Device Market Revenue, by Technology, 2016-2025 (USD Million)
    - 10.3.6.5. Germany Closed System Transfer Device Market revenue, by End-User, 2016-2025 (USD Million)
  - 10.3.7. UK
    - 10.3.7.1. UK Closed System Transfer Device Market Revenue, by Type, 2016-2025 (USD Million)
    - 10.3.7.2. UK Closed System Transfer Device Market revenue, by Closing Mechanism, 2016-2025 (USD Million)
    - 10.3.7.3. UK Closed System Transfer Device Market Revenue, by Component, 2016-2025 (USD Million)
    - 10.3.7.4. UK Closed System Transfer Device Market Revenue, by Technology, 2016-2025 (USD Million)
    - 10.3.7.5. UK Closed System Transfer Device Market revenue, by End-User, 2016-2025 (USD Million)
  - 10.3.8. France
    - 10.3.8.1. France Closed System Transfer Device Market Revenue, by Type, 2016-2025 (USD Million)
    - 10.3.8.2. France Closed System Transfer Device Market revenue, by Closing Mechanism, 2016-2025 (USD Million)
    - 10.3.8.3. France Closed System Transfer Device Market Revenue, by Component, 2016-2025 (USD Million)
    - 10.3.8.4. France Closed System Transfer Device Market Revenue, by Technology, 2016-2025 (USD Million)
    - 10.3.8.5. France Closed System Transfer Device Market revenue, by End-User, 2016-2025 (USD Million)
  - 10.3.9. Rest of Europe
    - 10.3.9.1. Rest of Europe Closed System Transfer Device Market Revenue, by Type, 2016-2025 (USD Million)
    - 10.3.9.2. Rest of Europe Closed System Transfer Device Market revenue, by Closing Mechanism, 2016-2025 (USD Million)
    - 10.3.9.3. Rest of Europe Closed System Transfer Device Market Revenue, by Component, 2016-2025 (USD Million)
    - 10.3.9.4. Rest of Europe Closed System Transfer Device Market Revenue, by Technology, 2016-2025 (USD Million)
    - 10.3.9.5. Rest of Europe Closed System Transfer Device Market revenue, by End-User, 2016-2025 (USD Million)
- 10.4. Asia Pacific
  - 10.4.1. Asia Pacific Closed System Transfer Device Market Revenue, by Type, 2016-2025 (USD Million)
  - 10.4.2. Asia Pacific Closed System Transfer Device Market revenue, by Closing Mechanism, 2016-2025 (USD Million)
  - 10.4.3. Asia Pacific Closed System Transfer Device Market Revenue, by Component, 2016-2025 (USD Million)
  - 10.4.4. Asia Pacific Closed System Transfer Device Market Revenue, by Technology, 2016-2025 (USD Million)
  - 10.4.5. Asia Pacific Closed System Transfer Device Market revenue, by End-User, 2016-2025 (USD Million)
  - 10.4.6. China
    - 10.4.6.1. China Closed System Transfer Device Market Revenue, by Type, 2016-2025 (USD Million)
    - 10.4.6.2. China Closed System Transfer Device Market revenue, by Closing Mechanism, 2016-2025 (USD Million)
    - 10.4.6.3. China Closed System Transfer Device Market Revenue, by Component, 2016-2025 (USD Million)
    - 10.4.6.4. China Closed System Transfer Device Market Revenue, by Technology, 2016-2025 (USD Million)
    - 10.4.6.5. China Closed System Transfer Device Market revenue, by End-User, 2016-2025 (USD Million)
  - 10.4.7. Japan
    - 10.4.7.1. Japan Closed System Transfer Device Market Revenue, by Type, 2016-2025 (USD Million)
    - 10.4.7.2. Japan Closed System Transfer Device Market revenue, by Closing Mechanism, 2016-2025 (USD Million)
    - 10.4.7.3. Japan Closed System Transfer Device Market Revenue, by Component, 2016-2025 (USD Million)
    - 10.4.7.4. Japan Closed System Transfer Device Market Revenue, by Technology, 2016-2025 (USD Million)
    - 10.4.7.5. Japan Closed System Transfer Device Market revenue, by End-User, 2016-2025 (USD Million)
  - 10.4.8. India
    - 10.4.8.1. India Closed System Transfer Device Market Revenue, by Type, 2016-2025 (USD Million)
    - 10.4.8.2. India Closed System Transfer Device Market revenue, by Closing Mechanism, 2016-2025 (USD Million)
    - 10.4.8.3. India Closed System Transfer Device Market Revenue, by Component, 2016-2025 (USD Million)
    - 10.4.8.4. India Closed System Transfer Device Market Revenue, by Technology, 2016-2025 (USD Million)
    - 10.4.8.5. India Closed System Transfer Device Market revenue, by End-User, 2016-2025 (USD Million)
  - 10.4.9. Rest of Asia Pacific
    - 10.4.9.1. Rest of Asia Pacific Closed System Transfer Device Market Revenue, by Type, 2016-2025 (USD Million)
    - 10.4.9.2. Rest of Asia Pacific Closed System Transfer Device Market revenue, by Closing Mechanism, 2016-2025 (USD Million)
    - 10.4.9.3. Rest of Asia Pacific Closed System Transfer Device Market Revenue, by Component, 2016-2025 (USD Million)
    - 10.4.9.4. Rest of Asia Pacific Closed System Transfer Device Market Revenue, by Technology, 2016-2025 (USD Million)
    - 10.4.9.5. Rest of Asia Pacific Closed System Transfer Device Market revenue, by End-User, 2016-2025 (USD Million)
- 10.5. Latin America
  - 10.5.1. Latin America Closed System Transfer Device Market Revenue, by Type, 2016-2025 (USD Million)
  - 10.5.2. Latin America Closed System Transfer Device Market revenue, by Closing Mechanism, 2016-2025 (USD Million)
  - 10.5.3. Latin America Closed System Transfer Device Market Revenue, by Component, 2016-2025 (USD Million)
  - 10.5.4. Latin America Closed System Transfer Device Market Revenue, by Technology, 2016-2025 (USD Million)
  - 10.5.5. Latin America Closed System Transfer Device Market revenue, by End-User, 2016-2025 (USD Million)
  - 10.5.6. Brazil
    - 10.5.6.1. Brazil Closed System Transfer Device Market Revenue, by Type, 2016-2025 (USD Million)
    - 10.5.6.2. Brazil Closed System Transfer Device Market revenue, by Closing Mechanism, 2016-2025 (USD Million)
    - 10.5.6.3. Brazil Closed System Transfer Device Market Revenue, by Component, 2016-2025 (USD Million)
    - 10.5.6.4. Brazil Closed System Transfer Device Market Revenue, by Technology, 2016-2025 (USD Million)
    - 10.5.6.5. Brazil Closed System Transfer Device Market revenue, by End-User, 2016-2025 (USD Million)
  - 10.5.7. Rest of Latin America
    - 10.5.7.1. Rest of Latin America Closed System Transfer Device Market Revenue, by Type, 2016-2025 (USD Million)
    - 10.5.7.2. Rest of Latin America Closed System Transfer Device Market revenue, by Closing Mechanism, 2016-2025 (USD Million)
    - 10.5.7.3. Rest of Latin America Closed System Transfer Device Market Revenue, by Component, 2016-2025 (USD Million)
    - 10.5.7.4. Rest of Latin America Closed System Transfer Device Market Revenue, by Technology, 2016-2025 (USD Million)
    - 10.5.7.5. Rest of Latin America Closed System Transfer Device Market revenue, by End-User, 2016-2025 (USD Million)
- 10.6. The Middle East and Africa
  - 10.6.1. The Middle East and Africa Closed System Transfer Device Market Revenue, by Type, 2016-2025 (USD Million)
  - 10.6.2. The Middle East and Africa Closed System Transfer Device Market revenue, by Closing Mechanism, 2016-2025 (USD Million)
  - 10.6.3. The Middle East and Africa Closed System Transfer Device Market Revenue, by Component, 2016-2025 (USD Million)
  - 10.6.4. The Middle East and Africa Closed System Transfer Device Market Revenue, by Technology, 2016-2025 (USD Million)
  - 10.6.5. The Middle East and Africa Closed System Transfer Device Market revenue, by End-User, 2016-2025 (USD Million)
Chapter 11. Company Profile
- 11.1. Becton, Dickinson, and Company
  - 11.1.1. Overview
  - 11.1.2. Financials
  - 11.1.3. Product Portfolio
  - 11.1.4. Business strategy
  - 11.1.5. Recent developments
- 11.2. ICU Medical, Inc.
  - 11.2.1. Overview
  - 11.2.2. Financials
  - 11.2.3. Product Portfolio
  - 11.2.4. Business strategy
  - 11.2.5. Recent developments
- 11.3. JMS Co., Ltd.
  - 11.3.1. Overview
  - 11.3.2. Financials
  - 11.3.3. Product Portfolio
  - 11.3.4. Business strategy
  - 11.3.5. Recent developments
- 11.4. B. Braun Melsungen
  - 11.4.1. Overview
  - 11.4.2. Financials
  - 11.4.3. Product Portfolio
  - 11.4.4. Business strategy
  - 11.4.5. Recent developments
- 11.5. Teva Pharmaceutical Industries Ltd.
  - 11.5.1. Overview
  - 11.5.2. Financials
  - 11.5.3. Product Portfolio
  - 11.5.4. Business strategy
  - 11.5.5. Recent developments
- 11.6. Equashield
  - 11.6.1. Overview
  - 11.6.2. Financials
  - 11.6.3. Product Portfolio
  - 11.6.4. Business strategy
  - 11.6.5. Recent developments
- 11.7. Yukon Medical
  - 11.7.1. Overview
  - 11.7.2. Financials
  - 11.7.3. Product Portfolio
  - 11.7.4. Business strategy
  - 11.7.5. Recent developments
- 11.8. Corvida Medical
  - 11.8.1. Overview
  - 11.8.2. Financials
  - 11.8.3. Product Portfolio
  - 11.8.4. Business strategy
  - 11.8.5. Recent developments
- 11.9. Codan Medizinische Geräte GmbH & Co Kg
  - 11.9.1. Overview
  - 11.9.2. Financials
  - 11.9.3. Product Portfolio
  - 11.9.4. Business strategy
  - 11.9.5. Recent developments
- 11.10. Caragen Ltd.
  - 11.10.1. Overview
  - 11.10.2. Financials
  - 11.10.3. Product Portfolio
  - 11.10.4. Business strategy
  - 11.10.5. Recent developments
- 11.11. Victus, Inc.
  - 11.11.1. Overview
  - 11.11.2. Financials
  - 11.11.3. Product Portfolio
  - 11.11.4. Business strategy
  - 11.11.5. Recent developments
- 11.12. Baxter International Inc.
  - 11.12.1. Overview
  - 11.12.2. Financials
  - 11.12.3. Product Portfolio
  - 11.12.4. Business strategy
  - 11.12.5. Recent developments

Methodology

Free 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.