Closed System Transfer Devices Market Size, Share by 2022
Closed-system transfer device is drug transfer equipment that halts the transfer of poisons into a system. Moreover, it also inhibits the escape of harmful medicines also as vapors outside the closed system. Precisely, the merchandise works on the principle of prevention of uncontrolled inflow also as outflow of medicine or pollutants, thereby maintaining the answer quality of medicines to be instilled or injected within the patient. The major aspects leveraging the development of closed system transfer devices market contain the rising cases of cancer, a growth within the approvals of number of oncology drugs, and large application of closed system transfer instruments to combat the harmful effects of cytotoxic or antineoplastic drugs.
The closed system transfer devices market is projected to reach more than US$ 1.50 billion by 2028 at a CAGR of 20.3%.
Furthermore, got to improve the regulatory plans concerning the safe handling of those devices and use of harmful drugs will proliferate the market trends. Nevertheless, the market progression is especially obstructed by the high implementation device costs and lack of compensation also as lack of compliance with legislations & regulatory principles in emerging economies.
Global Closed System Transfer Devices market is segmented based on the Closing Mechanism as, Luer-Lock and Push-to-Turn. On the basis of Type, the global Closed System Transfer Devices market as, Membrane-to-Membrane, and Needleless. Global Closed System Transfer Devices market is segmented based on the Technology as, Diaphragm, Compartmentalize, Air Filtration. On the basis of Component, the global Closed System Transfer Devices market as, Vial Access Devices, Syringe Safety Devices, Bag/Line, Access Devices and Accessories. Global Closed System Transfer Devices market is segmented based on the End User as, Hospitals, Oncology Centers & Clinics and Other End Users.
Global Closed System Transfer Devices market report covers various regions including North America, Europe, Asia Pacific, and Rest of World. The regional Closed System Transfer Devices market is further bifurcated for major countries including U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Brazil, South Africa and others.
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Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Closed System Transfer Devices market manufacturers. The revenue generated from the sales of Closed System Transfer Devices manufacturer has been calculated through primary and secondary research.
The market size estimation also considered leading players revenues as part of triangulation the key players considered Becton, Dickinson and Company (US), ICU Medical, Inc. (US), Equashield LLC. (US), B. Braun Melsungen AG (Germany), Corvida Medical (US), Yukon Medical (US), JMS Co., Ltd. (US), CODAN Medizinische Geräte GmbH & Co KG (Germany), Baxter International, Inc. (US), VICTUS (US), and Caragen Ltd. (Ireland). Availability Services among others operating in the Closed System Transfer Devices market across the globe identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes types of segmentation determined using secondary sources and verified through primary sources.
The Closed System Transfer Devices Market has been segmented as below:
Closed System Transfer Devices Market, By Closing Mechanism
Push-to-turn Systems
Color-to-color Alignment Systems
Luer-lock Systems
Click-to-lock Systems
Closed System Transfer Devices Market, By Component
Vial Access Devices
Syringe Safety Devices
Bag/Line Access Devices
Accessories
Closed System Transfer Devices Market, By Type
Membrane-to-membrane Systems
Needleless Systems
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Closed System Transfer Devices Market, By Technology
Diaphragm-based Devices
Compartmentalized Devices
Air Cleaning/Filtration Devices
Closed System Transfer Devices Market, By End User
Hospitals
Oncology Centers & Clinics
Other End Users
Closed System Transfer Devices Market, By Region
North America
Europe
Asia Pacific
Rest of World
Report scope:
The global Closed System Transfer Devices market report covers detailed study with the underlying influencing factors for the variations in the industry growth trends. The report scope includes market analysis on regional as well as country level.
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