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Global $1.66 Billion Closed Systems Drug Transfer Devices Market Forecast to 2027 - ResearchAndMarkets.com

·5-min read

The "Closed Systems Drug Transfer Devices Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Closing Mechanism; Type; Technology; Component; End User, and Geography" report has been added to ResearchAndMarkets.com's offering.

Compartmentalized Devices Segment by Technology to Grow at Faster Pace during Forecast Period

The global closed system drug transfer devices market is expected to reach US$ 1,661.83 million by 2027 from US$ 374.48 million in 2019 and is estimated to grow at a CAGR of 20.5% from 2020 to 2027

Based on technology, the global closed system drug transfer devices market is segmented into diaphragm-based devices, compartmentalized devices, and air cleaning/filtration devices. The diaphragm-based devices segment held the largest share of the market in 2019.

Certain factors, such as superior protection from hazardous drugs and increase in adoption of the devices due to pressure equalization techniques, are responsible for considerable share of the segment in the global market. However, the compartmentalized devices segment is anticipated to register the highest CAGR during the forecast period.

The closed system drug transfer devices market is expected to grow owing to factors such as growing adoption of chemotherapy and improvement of regulatory guidelines regarding hazardous drugs. However, the lack of regulatory guidelines regarding health workers' safety in emerging countries is expected to restrict the market growth during the forecast period.

The COVID-19 outbreak has also affected the closed system drug transfer devices market across the globe. At present, majority of the manufacturing companies and research institutes and centers are involved in diagnosing the coronavirus and vaccines to treat the deadly virus. Thus, the shift of medical device and research centers and diagnostics laboratories toward the COVID-19 pandemic has hindered the market growth. It is expected that the impact of the pandemic is likely to be seen for a few years.

BD, B. Braun Medical Inc., ICU MEDICAL INC., EQUASHIELD, Corvida Medical, Yukon Medical, Caragen Ltd., Simplivia Healthcare Ltd., JMS CO., LTD., and Victus, Inc. are some of the leading companies operating in the closed system drug transfer devices market.

Key Topics Covered:

1. Introduction

1.1 Scope of the Study

1.2 Report Guidance

1.3 Market Segmentation

2. Closed System Drug Transfer Devices Market - Key Takeaways

3. Research Methodology

4. Global Closed System Drug Transfer Devices Market - Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Expert Opinions

4.4 Regulatory Overview

4.5 Value Chain Analysis

5. Closed System Drug Transfer Devices Market- Key Market Dynamics

5.1 Key Market Drivers

5.1.1 Growing Adoption of Chemotherapy

5.1.2 Improvement of Regulatory Guidelines Regarding Hazardous Drugs

5.2 Market Restraints

5.2.1 Lack of Regulatory Guidelines Regarding Health Workers' Safety in Emerging Countries

5.3 Market Opportunities

5.3.1 Rising Number of Chemotherapeutic Drug Approvals

5.4 Future Trends

5.4.1 Robot-based Handling of Hazardous Drugs

5.5 Impact analysis

6. Closed System Drug Transfer Devices Market - Global Analysis

6.1 Global Closed System Drug Transfer Devices Market Revenue Forecast and Analysis

6.2 Global Closed System Drug Transfer Devices Market, By Geography - Forecast and Analysis

6.3 Market Positioning of Key Players

7. Closed System Drug Transfer Devices Market- Closing Mechanism

7.1 Overview

7.2 Closed System Drug Transfer Devices Market Share, Closing Mechanism, 2019 and 2027 (%)

7.3 Push-to-Turn Systems

7.4 Colour-to-Colour Alignment System

7.5 Luer-Lock Systems

7.6 Click-to-Lock Systems

8. Closed System Drug Transfer Device Market- Type

8.1 Overview

8.2 Closed System Drug Transfer Device Market Share, Type, 2019 and 2027 (%)

8.3 Membrane-to-Membrane Systems

8.4 Needleless Systems

9. Closed System Drug Transfer Devices Market- Technology

9.1 Overview

9.2 Closed System Drug Transfer Devices Market Share, Technology, 2019 and 2027 (%)

9.3 Diaphragm-Based Devices

9.4 Compartmentalized Devices

9.5 Air Cleaning/Filtration Devices

10. Closed System Drug Transfer Devices Market- Component

10.1 Overview

10.2 Closed System Drug Transfer Devices Market Share, Component, 2019 and 2027 (%)

10.3 Vial Access Devices

10.4 Syringe Safety Devices

10.5 Bag/Line Access Devices

10.6 Accessories

11. Closed System Drug Transfer Devices Market- End User

11.1 Overview

11.2 Closed System Drug Transfer Devices Market Share, End User, 2019 and 2027 (%)

11.3 Hospitals and Clinics

11.4 Oncology Centers

12. Closed System Drug Transfer Devices Market Analysis and Forecasts To 2027 - Geographical Analysis

13. Impact of COVID-19 Pandemic on Global Closed System Drug Transfer Device (CSTD) Market

14. Closed System Drug Transfer Device (CSTD) Market - Industry Landscape

14.1 Overview

14.2 Growth Strategies Done by the Companies in the Market, (%)

14.3 Organic Developments

14.4 Inorganic Developments

15. Company Profiles

15.1 Key Facts

15.2 Business Description

15.3 Products and Services

15.4 Financial Overview

15.5 SWOT Analysis

15.6 Key Developments

  • BD

  • B. Braun Medical Inc.

  • ICU MEDICAL INC.

  • EQUASHIELD

  • Corvida Medical

  • Yukon Medical

  • Caragen Ltd.

  • Simplivia Healthcare Ltd.

  • JMS CO., LTD.

  • Victus, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/52g12n

View source version on businesswire.com: https://www.businesswire.com/news/home/20201127005459/en/

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