Closed System Transfer Devices

Closed System Transfer Devices

Global Closed System Transfer Devices Market to Reach $3.2 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Closed System Transfer Devices estimated at US$867.2 Million in the year 2020, is projected to reach a revised size of US$3.2 Billion by 2027, growing at aCAGR of 20.3% over the period 2020-2027. Membrane-to-Membrane Systems, one of the segments analyzed in the report, is projected to record 21.2% CAGR and reach US$2.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Needleless Systems segment is readjusted to a revised 17.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $236.3 Million, While China is Forecast to Grow at 26.5% CAGR

The Closed System Transfer Devices market in the U.S. is estimated at US$236.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$762.8 Million by the year 2027 trailing a CAGR of 26.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.4% and 18% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.8% CAGR.

Select Competitors (Total 42 Featured) -

• B. Braun Melsungen
• Baxter International Inc.
• Becton, Dickinson and Company (BD)
• Caragen Ltd.
• Cardinal Health
• Carmel Pharma, Inc
• Codan Medizinische Geräte GmbH & Co Kg
• Corvida Medical
• Equashield LLC.
• Hospira (acquired by Pfizer)
• ICU Medical, Inc.
• JMS Co., Ltd.
• Teva Pharmaceutical Industries Ltd.
• Victus, Inc.
• Yukon Medical

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.