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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

Publisher 360iResearch
Published Apr 17, 2024
Length 195 Pages
SKU # IRE18707356

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.

Please Note: PDF & Excel + Online Access - 1 Year

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

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