Global Closed System Transfer Devices Market to Reach $5.8 Billion by 2030
The global market for Closed System Transfer Devices estimated at US$1.6 Billion in the year 2023, is expected to reach US$5.8 Billion by 2030, growing at a CAGR of 19.7% over the period 2023-2030. Membrane-to-Membrane Systems, one of the segments analyzed in the report, is expected to record 20.5% CAGR and reach US$4.4 Billion by the end of the analysis period. Growth in the Needleless Systems segment is estimated at 17.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $415.4 Million, While China is Forecast to Grow at 25.1% CAGR
The Closed System Transfer Devices market in the U.S. is estimated at US$415.4 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 25.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.7% and 16.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 15% CAGR.
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