"Designing Growth Strategies is in our DNA"

Closed System Transfer Devices Market Size, Share and Global Trend By Type (Membrane-To-Membrane Systems, Needleless Systems), By Component (Vial Access Devices, Syringe Safety Device), By Closing Mechanism (Color to Color Alignment, Push toLock), By Technology (Diaphragm-Based Devices, Compartmentalized Devices), By End User (Hospitals & Clinics, Ambulatory Surgery Centers), and Geography Forecast till 2026

Region : Global | Report ID: FBI100628 | Status : Ongoing

 

KEY MARKET INSIGHTS

In the era where the number of healthcare activities and medical procedures such as treatments are increasing, patient safety is as critical as healthcare worker safety. Closed system transfer devices are used in order to avoid contamination in drugs, drug aerosolization, and hazardous drug exposures. Safety of drug experts, caregivers, nurses, pharmacists, and other clinical staff is also one of the main important concern in utilizing closed system transfer devices. The need for the closed system transfer devices was especially realized when there were risks of the spread of infection from these hazardous sources. There were often short term and long term repercussions of these risks and often undermined the healthcare professionals ability to do effective service. These infections also often posed risks to the patient’s health and recovery process. CTSD falls into two categories: those which are closed systems and those who employ air cleansing technology that prevents the flow of contaminants. In May 2018, Birmingham City University and Vygon launched Cytotoxic Systemic Anti-Cancer Therapy (SACT) Safety Campaign, in order to spread the awareness and to promote the utilization of closed system transfer devices amongst the chemotherapy nurses which are frequently in contact with hazardous cancer treatment drugs.


The growing emphasis on implementation of safety measures for laboratory personnel is expected to boost the growth of the global closed system transfer devices market during the forecast period. Moreover, a higher prevalence of fatal accidents due to exposure to hazardous drugs is projected to offer a higher opportunity for increased adoption of closed system transfer devices.

To gain extensive insights into the market, Request for Customization


Lack of reimbursement policies and lack of awareness about closed system transfer devices in emerging nations is expected to restrain the growth of the global closed system transfer devices market.


Key Players Covered


Some of the major companies that are present in the global closed system transfer devices market are EQUASHIELD, BD (Becton, Dickinson, and Company), B. Braun Melsungen AG, JMS Co.Ltd., Yukon Medical, Teva Pharmaceutical Industries Ltd., Corvida Medical, Baxter, ICU Medical Inc., VICTUS, CODAN Medizinische Geräte GmbH & Co KG and others.


SEGMENTATION 


































SEGMENTATION



 DETAILS



By Type



·      Membrane-To-Membrane Systems


·      Needleless Systems



By Component



·      Vial Access Devices


·      Bag/Line Access Device


·      Syringe Safety Device



By Closing Mechanism



·      Color to Color Alignment


·      Push to Lock


·      Luer Lock


·      Click to Lock



By Technology



·      Air Cleaning/Filtration Devices


·      Diaphragm-Based Devices


·      Compartmentalized Devices



By End User



·      Hospitals & Clinics


·      Ambulatory Surgery Centres


·      Research Laboratories


·      Others



By Geography



·      North America (USA and Canada)


·      Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)


·      Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)


·      Latin America (Brazil, Mexico and Rest of Latin America)


·      Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)



                               


Among the segmentation, hospitals in the end user segment are projected to hold a considerable share of the global closed system transfer devices market owing to higher utilization of closed system transfer devices due to exhaustive research activities and illustrations are taking place at research laboratories.


Key Insights





  • Key Mergers and Acquisitions
  • PORTER’s Five Forces Analysis
  • New Product Launches
  • Key Strategies Employed by Leading Market Players

Regional Analysis


North America is expected to register comparatively higher share of the global closed system transfer devices market owing to higher utilization of closed system transfer devices, which is mainly due to a comparatively higher amount of awareness amongst healthcare resources. Moreover, the rising emphasis on strict implementation of healthcare labor safety programs in North America is expected to boost the adoption of closed system transfer devices market during the forecast period. Though presently the Asia Pacific is expected to hold a considerably lower share of the global closed system transfer devices market, the Asia Pacific is expected to register comparatively higher CAGR owing to a larger number of research activities being conducted at laboratories and spreading awareness about closed system transfer devices amongst healthcare resources.


Key Industry Developments





  • In January 2018, Baxter announced the launch of Arisure, a new closed system transfer device in the U.S. market
  • In June 2018, JMS North America Corporation got FDA approval to commercialize its new closed system transfer device, known as NEOSHIELD
  • In November 2018, Equashield announced the launch of CSTD-enabled Equashield Pro Robot at upcoming American Society of Health-System Pharmacists meeting. Equashield Pro is an advanced automated pharmacy compounding system which is developed with aim to offer safe environment for preparation of injectable hazardous drugs.

Closed System Transfer Devices Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Healthcare Clients

SUANFARMA
chong-kun-dang
Logo_Merck_KGaA_2015
Natus-Medical
Ge-Healthcare

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X