
Europe Closed System Transfer Devices Market Size, Share & Trends Analysis Report By Type (Membrane-to-Membrane, and Needleless), By Component, By Technology, By Closing Mechanism, By End User, By Country and Growth Forecast, 2024 - 2031
Description
Europe Closed System Transfer Devices Market Size, Share & Trends Analysis Report By Type (Membrane-to-Membrane, and Needleless), By Component, By Technology, By Closing Mechanism, By End User, By Country and Growth Forecast, 2024 - 2031
The Europe Closed System Transfer Devices Market would witness market growth of 13.8% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Closed System Transfer Devices Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $176.1 million by 2031. The UK market would experience of 12.8% during (2024 - 2031). Additionally, The France market is exhibiting a CAGR a CAGR of 14.7% during (2024 - 2031).
Traditional methods of drug handling, such as open vial transfer and manual reconstitution, pose significant risks of contamination and exposure. The adoption of closed-system handling with CSTDs mitigates these risks by providing a sealed environment for drug transfer and administration. Healthcare facilities increasingly recognize the advantages of closed-system handling in minimizing the risk of exposure to hazardous drugs.
The rising incidence of cancer and other diseases requiring treatment with chemotherapy and biological drugs has contributed to the increased adoption of CSTDs. These potent and hazardous medications require careful handling to ensure patient and healthcare workers’ safety. As the use of chemotherapy and biological drugs continues to grow, so does the demand for CSTDs to facilitate their safe handling and administration.
With higher healthcare expenditure, European healthcare systems allocate more resources towards improving patient safety and minimizing risks associated with medical procedures. As per the data from the Organization for Economic Co-operation and Development, in 2020, an unprecedented 10.9% of the GDP of the European Union was devoted to health care. With health expenditures exceeding 12% of their GDP, Germany and France allocated the highest proportions. Belgium, Austria, Sweden, and the Netherlands spent more than 11 percent of their GDP on health. The growing investment in patient safety drives the adoption of CSTDs as an essential component of comprehensive safety protocols. Therefore, the pharmaceutical industry’s expansion and the healthcare sector’s high expenditure drive the market’s growth.
Based on Type, the market is segmented into Membrane-to-Membrane, and Needleless. Based on Component, the market is segmented into Vial access components, Female Components, Male Luers, Bag Spikes, and Others. Based on Technology, the market is segmented into Diaphragm-based devices, Compartmentalized devices, and Air cleaning/filtration devices. Based on Closing Mechanism, the market is segmented into Luer Lock System, Push-to-Turn System, Click-to-Lock System, and Color-to-Color alignment System. Based on End User, the market is segmented into Hospitals & Clinics, Oncology Centers, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Becton, Dickinson and Company
- ICU Medical, Inc.
- B. Braun Melsungen AG
- Baxter International, Inc
- Terumo Corporation
- Equashield LLC
- Simplivia Healthcare Ltd.
- CODAN Medizinische Geräte GmbH
- Corning Incorporated
- Vygon SAS
By Type
- Membrane-to-Membrane
- Needleless
- Vial access components
- Female Components
- Male Luers
- Bag Spikes
- Others
- Diaphragm-based devices
- Compartmentalized devices
- Air cleaning/filtration devices
- Luer Lock System
- Push-to-Turn System
- Click-to-Lock System
- Color-to-Color alignment System
- Hospitals & Clinics
- Oncology Centers
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
144 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Closed System Transfer Devices Market, by Type
- 1.4.2 Europe Closed System Transfer Devices Market, by Component
- 1.4.3 Europe Closed System Transfer Devices Market, by Technology
- 1.4.4 Europe Closed System Transfer Devices Market, by Closing Mechanism
- 1.4.5 Europe Closed System Transfer Devices Market, by End User
- 1.4.6 Europe Closed System Transfer Devices Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 Market Share Analysis, 2023
- 4.2 Porter’s Five Forces Analysis
- Chapter 5. Europe Closed System Transfer Devices Market by Type
- 5.1 Europe Membrane-to-Membrane Market by Country
- 5.2 Europe Needleless Market by Country
- Chapter 6. Europe Closed System Transfer Devices Market by Component
- 6.1 Europe Vial access components Market by Country
- 6.2 Europe Female Components Market by Country
- 6.3 Europe Male Luers Market by Country
- 6.4 Europe Bag Spikes Market by Country
- 6.5 Europe Others Market by Country
- Chapter 7. Europe Closed System Transfer Devices Market by Technology
- 7.1 Europe Diaphragm-based devices Market by Country
- 7.2 Europe Compartmentalized devices Market by Country
- 7.3 Europe Air cleaning/filtration devices Market by Country
- Chapter 8. Europe Closed System Transfer Devices Market by Closing Mechanism
- 8.1 Europe Luer Lock System Market by Country
- 8.2 Europe Push-to-Turn System Market by Country
- 8.3 Europe Click-to-Lock System Market by Country
- 8.4 Europe Color-to-Color alignment System Market by Country
- Chapter 9. Europe Closed System Transfer Devices Market by End User
- 9.1 Europe Hospitals & Clinics Market by Country
- 9.2 Europe Oncology Centers Market by Country
- 9.3 Europe Others Market by Country
- Chapter 10. Europe Closed System Transfer Devices Market by Country
- 10.1 Germany Closed System Transfer Devices Market
- 10.1.1 Germany Closed System Transfer Devices Market by Type
- 10.1.2 Germany Closed System Transfer Devices Market by Component
- 10.1.3 Germany Closed System Transfer Devices Market by Technology
- 10.1.4 Germany Closed System Transfer Devices Market by Closing Mechanism
- 10.1.5 Germany Closed System Transfer Devices Market by End User
- 10.2 UK Closed System Transfer Devices Market
- 10.2.1 UK Closed System Transfer Devices Market by Type
- 10.2.2 UK Closed System Transfer Devices Market by Component
- 10.2.3 UK Closed System Transfer Devices Market by Technology
- 10.2.4 UK Closed System Transfer Devices Market by Closing Mechanism
- 10.2.5 UK Closed System Transfer Devices Market by End User
- 10.3 France Closed System Transfer Devices Market
- 10.3.1 France Closed System Transfer Devices Market by Type
- 10.3.2 France Closed System Transfer Devices Market by Component
- 10.3.3 France Closed System Transfer Devices Market by Technology
- 10.3.4 France Closed System Transfer Devices Market by Closing Mechanism
- 10.3.5 France Closed System Transfer Devices Market by End User
- 10.4 Russia Closed System Transfer Devices Market
- 10.4.1 Russia Closed System Transfer Devices Market by Type
- 10.4.2 Russia Closed System Transfer Devices Market by Component
- 10.4.3 Russia Closed System Transfer Devices Market by Technology
- 10.4.4 Russia Closed System Transfer Devices Market by Closing Mechanism
- 10.4.5 Russia Closed System Transfer Devices Market by End User
- 10.5 Spain Closed System Transfer Devices Market
- 10.5.1 Spain Closed System Transfer Devices Market by Type
- 10.5.2 Spain Closed System Transfer Devices Market by Component
- 10.5.3 Spain Closed System Transfer Devices Market by Technology
- 10.5.4 Spain Closed System Transfer Devices Market by Closing Mechanism
- 10.5.5 Spain Closed System Transfer Devices Market by End User
- 10.6 Italy Closed System Transfer Devices Market
- 10.6.1 Italy Closed System Transfer Devices Market by Type
- 10.6.2 Italy Closed System Transfer Devices Market by Component
- 10.6.3 Italy Closed System Transfer Devices Market by Technology
- 10.6.4 Italy Closed System Transfer Devices Market by Closing Mechanism
- 10.6.5 Italy Closed System Transfer Devices Market by End User
- 10.7 Rest of Europe Closed System Transfer Devices Market
- 10.7.1 Rest of Europe Closed System Transfer Devices Market by Type
- 10.7.2 Rest of Europe Closed System Transfer Devices Market by Component
- 10.7.3 Rest of Europe Closed System Transfer Devices Market by Technology
- 10.7.4 Rest of Europe Closed System Transfer Devices Market by Closing Mechanism
- 10.7.5 Rest of Europe Closed System Transfer Devices Market by End User
- Chapter 11. Company Profiles
- 11.1 Becton, Dickinson, and Company
- 11.1.1 Company Overview
- 11.1.2 Financial Analysis
- 11.1.3 Segmental and Regional Analysis
- 11.1.4 Research & Development Expense
- 11.1.5 SWOT Analysis
- 11.2 ICU Medical, Inc.
- 11.2.1 Company Overview
- 11.2.2 Financial Analysis
- 11.2.3 Regional Analysis
- 11.2.4 Research & Development Expenses
- 11.2.5 Recent strategies and developments:
- 11.2.5.1 Acquisition and Mergers:
- 11.2.6 SWOT Analysis
- 11.3 B. Braun Melsungen AG
- 11.3.1 Company Overview
- 11.3.2 Financial Analysis
- 11.3.3 Segmental and Regional Analysis
- 11.3.4 Research & Development Expenses
- 11.3.5 SWOT Analysis
- 11.4 Baxter International, Inc.
- 11.4.1 Company Overview
- 11.4.2 Financial Analysis
- 11.4.3 Segmental Analysis
- 11.4.4 Research & Development Expense
- 11.4.5 SWOT Analysis
- 11.5 Terumo Corporation
- 11.5.1 Company Overview
- 11.5.2 Financial Analysis
- 11.5.3 Segmental and Regional Analysis
- 11.5.4 Research & Development Expenses
- 11.5.5 SWOT Analysis
- 11.6 Equashield LLC
- 11.6.1 Company Overview
- 11.6.2 SWOT Analysis
- 11.7 Simplivia Healthcare Ltd.
- 11.7.1 Company Overview
- 11.7.2 Recent strategies and developments:
- 11.7.2.1 Product Launches and Product Expansions:
- 11.7.3 SWOT Analysis
- 11.8 CODAN Medizinische Geräte GmbH
- 11.8.1 Company Overview
- 11.8.2 SWOT Analysis
- 11.9 Corning Incorporated
- 11.9.1 Company Overview
- 11.9.2 Financial Analysis
- 11.9.3 Segmental and Regional Analysis
- 11.9.4 Research & Development Expenses
- 11.9.5 SWOT Analysis
- 11.10. Vygon SAS
- 11.10.1 Company Overview
- 11.10.2 SWOT Analysis
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