The Closed System Transfer Devices Market was valued at USD 380 million and is predicted to reach USD 1,620.6 million by 2027, with a CAGR of 20% from 2021 to 2027.
Closed system drug delivery devices are used to protect physicians and assistants from exposure to dangerous drugs used in the treatment of patients suffering from chronic conditions. These devices are basically sealed equipment that prevents the ingress of foreign contaminants and the outflow of hazardous vapors. The device design concept basically includes two functions. One is physical barrier technology and the other is air purification technology. The improvement of healthcare workers around the world is a key area of focus, especially those involved in the administration and compounding of dangerous drugs.
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Market Segments
By Closing Mechanism
- Push-to-turn Systems
- Color-to-color Alignment Systems
- Luer-lock Systems
- Click-to-lock Systems
By Type
- Membrane-to-membrane Systems
- Needleless Systems
By Component
- Vial Access Devices
- Syringe Safety Devices
- Bag/Line Access Devices
- Accessories
Key Players
- B. Braun Medical Inc.
- BD Medical, Inc
- Cardinal Health
- Carmel Pharma, Inc
- Corvida Medical
- Equashield LLC.
- Hospira (acquired by Pfizer)
- ICU Medical, Inc
- Teva Medical Ltd
- Yukon Medical
Scope of the Report
The research study analyzes the global Closed System Transfer Devices industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Closed System Transfer Devices Market Report
1. What was the Closed System Transfer Devices Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Closed System Transfer Devices Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Closed System Transfer Devices Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Closed System Transfer Devices market.
- The market share of the global Closed System Transfer Devices market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Closed System Transfer Devices market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Closed System Transfer Devices market.
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