
Closed System Transfer Devices Market by Component (Bag Access Devices, Syringe Safety Devices, Vial Access Devices), Type (Membrane to Membrane Systems, Needleless Systems), Closing Mechanism, Technology, Usability, End-Use - Global Forecast 2024-2030
Description
Closed System Transfer Devices Market by Component (Bag Access Devices, Syringe Safety Devices, Vial Access Devices), Type (Membrane to Membrane Systems, Needleless Systems), Closing Mechanism, Technology, Usability, End-Use - Global Forecast 2024-2030
The Closed System Transfer Devices Market size was estimated at USD 1.18 billion in 2023 and expected to reach USD 1.32 billion in 2024, at a CAGR 12.31% to reach USD 2.66 billion by 2030.
Closed system transfer devices (CSTDs) are designed to safely transfer medication from one reservoir to another while lowering the risk of exposure to potentially hazardous drugs or vapors to healthcare workers, patients, and the environment. These devices are integral in handling toxic substances, particularly in hospitals and healthcare settings where chemotherapy agents and other hazardous drugs are administered. The growth of the CSTD market is propelled by increasing awareness about occupational safety, stringent regulations for handling hazardous drugs, and the rising prevalence of cancer, necessitating chemotherapy treatments. However, high costs associated with adopting CSTDs can be a substaintial barrier for healthcare facilities, particularly in developing regions with more pronounced budget constraints. Additionally, the complexity of some devices may require extensive training for healthcare professionals, further impacting their widespread adoption. Opportunistic factors for the CSTD market include technological advancements and innovation, which can lead to more efficient, user-friendly, and cost-effective devices. Moreover, the expanding oncology sector worldwide presents significant opportunities for adopting CSTDs, given the critical need for safely handling chemotherapy drugs. The ongoing efforts to enhance workplace safety standards in healthcare settings across the globe further bolster the market's growth prospects, underscoring the importance of CSTDs in modern medical practices.
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Table of Contents
195 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Potential demand attributed to rising chronic diseased patients across the globe
- 5.1.1.2. Proliferation in utilization of cytotoxic and harmful drugs for treatment of numerous diseases
- 5.1.1.3. Emergence of advancement in closed system transfer devices
- 5.1.2. Restraints
- 5.1.2.1. High cost associated with closed system transfer devices manufacturing
- 5.1.3. Opportunities
- 5.1.3.1. Ongoing investments with governmental fundings to assist usage of closed system transfer devices
- 5.1.3.2. Increasing government approvals of cancer treatments with closed system transfer devices
- 5.1.3.3. Growing numbers of oncology treatment centres along with hospitals for cancer treatments
- 5.1.4. Challenges
- 5.1.4.1. Lack of governmental standards coupled with less awareness among the hospital professionals
- 5.2. Market Segmentation Analysis
- 5.2.1. Component: Burgeoning use of bag access devices reduces the risk of spills or aerosolization
- 5.2.2. End-Use: Evolving utilization of closed system transfer devices in oncology clinics & oncology centers
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. Closed System Transfer Devices Market, by Component
- 6.1. Introduction
- 6.2. Bag Access Devices
- 6.3. Syringe Safety Devices
- 6.4. Vial Access Devices
- 7. Closed System Transfer Devices Market, by Type
- 7.1. Introduction
- 7.2. Membrane to Membrane Systems
- 7.3. Needleless Systems
- 8. Closed System Transfer Devices Market, by Closing Mechanism
- 8.1. Introduction
- 8.2. Click to Lock Systems
- 8.3. Color to Colour Alignment Systems
- 8.4. Lueker Lock Systems
- 8.5. Push to Turn systems
- 9. Closed System Transfer Devices Market, by Technology
- 9.1. Introduction
- 9.2. Air Filtration Devices
- 9.3. Compartmentalize Devices
- 9.4. Diaphragm Based Devices
- 10. Closed System Transfer Devices Market, by Usability
- 10.1. Introduction
- 10.2. Reusable Devices
- 10.3. Single-Use Devices
- 11. Closed System Transfer Devices Market, by End-Use
- 11.1. Introduction
- 11.2. Hospitals
- 11.3. Oncology Clinics & Oncology Centers
- 12. Americas Closed System Transfer Devices Market
- 12.1. Introduction
- 12.2. Argentina
- 12.3. Brazil
- 12.4. Canada
- 12.5. Mexico
- 12.6. United States
- 13. Asia-Pacific Closed System Transfer Devices Market
- 13.1. Introduction
- 13.2. Australia
- 13.3. China
- 13.4. India
- 13.5. Indonesia
- 13.6. Japan
- 13.7. Malaysia
- 13.8. Philippines
- 13.9. Singapore
- 13.10. South Korea
- 13.11. Taiwan
- 13.12. Thailand
- 13.13. Vietnam
- 14. Europe, Middle East & Africa Closed System Transfer Devices Market
- 14.1. Introduction
- 14.2. Denmark
- 14.3. Egypt
- 14.4. Finland
- 14.5. France
- 14.6. Germany
- 14.7. Israel
- 14.8. Italy
- 14.9. Netherlands
- 14.10. Nigeria
- 14.11. Norway
- 14.12. Poland
- 14.13. Qatar
- 14.14. Russia
- 14.15. Saudi Arabia
- 14.16. South Africa
- 14.17. Spain
- 14.18. Sweden
- 14.19. Switzerland
- 14.20. Turkey
- 14.21. United Arab Emirates
- 14.22. United Kingdom
- 15. Competitive Landscape
- 15.1. Market Share Analysis, 2023
- 15.2. FPNV Positioning Matrix, 2023
- 15.3. Competitive Scenario Analysis
- 15.3.1. HMD Introduces Dispojekt: A Single-Use Syringe Enhancing Worker Safety
- 15.3.2. Innovating Pharmacy Compounding: EQUASHIELD's Launch of the Mundus Mini HD
- 15.3.3. New FDA Clearance: EQUASHIELD Syringe Unit Sets Unveils Improvements Hazardous Drug Handling
- 15.4. Strategy Analysis & Recommendation
- 16. Competitive Portfolio
- 16.1. Key Company Profiles
- 16.2. Key Product Portfolio
- FIGURE 1. CLOSED SYSTEM TRANSFER DEVICES MARKET RESEARCH PROCESS
- FIGURE 2. CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, 2023 VS 2030
- FIGURE 3. GLOBAL CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. GLOBAL CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. GLOBAL CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. CLOSED SYSTEM TRANSFER DEVICES MARKET DYNAMICS
- FIGURE 7. GLOBAL CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
- FIGURE 8. GLOBAL CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. GLOBAL CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
- FIGURE 10. GLOBAL CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. GLOBAL CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY CLOSING MECHANISM, 2023 VS 2030 (%)
- FIGURE 12. GLOBAL CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY CLOSING MECHANISM, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. GLOBAL CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
- FIGURE 14. GLOBAL CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. GLOBAL CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY USABILITY, 2023 VS 2030 (%)
- FIGURE 16. GLOBAL CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY USABILITY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. GLOBAL CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY END-USE, 2023 VS 2030 (%)
- FIGURE 18. GLOBAL CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY END-USE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. AMERICAS CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. AMERICAS CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. UNITED STATES CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 22. UNITED STATES CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 23. ASIA-PACIFIC CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 24. ASIA-PACIFIC CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 25. EUROPE, MIDDLE EAST & AFRICA CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 26. EUROPE, MIDDLE EAST & AFRICA CLOSED SYSTEM TRANSFER DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 27. CLOSED SYSTEM TRANSFER DEVICES MARKET SHARE, BY KEY PLAYER, 2023
- FIGURE 28. CLOSED SYSTEM TRANSFER DEVICES MARKET, FPNV POSITIONING MATRIX, 2023
Pricing
Currency Rates
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