The closed system drug transfer devices market was valued at US$ 374.48 million in 2019 and is projected to reach US$ 1,661.83 million by 2027; it is expected to grow at a CAGR of 20.5% from 2020 to 2027.
A Latest intelligence report published by The Insight Partners with title “Closed Systems Drug Transfer Devices Market Outlook to 2027. A detailed study accumulated to offer Latest insights about acute features of the Closed Systems Drug Transfer Devices Market. This report provides a detailed overview of key factors in the Closed Systems Drug Transfer Devices Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors including economic slowdown, local & global reforms and COVID-19 Impact has been conducted to determine future growth prospects in the global market.
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Our expert team is consistently working on updated data and information on the key player’s related business processes that value the market. For future strategies and predictions, we provide a special section regarding the COVID-19 situation.
Major Players in Closed Systems Drug Transfer Devices Market Report Include:
- Braun Medical Inc.
- ICU MEDICAL INC.
- Corvida Medical
- Yukon Medical
- Caragen Ltd
- Simplivia Healthcare Ltd.
- JMS CO., LTD
- Victus, Inc.
CLOSED SYSTEMS DRUG TRANSFER DEVICES MARKET SEGMENTATION
Closed System Drug Transfer Devices Market – byClosing Mechanism
Color-to-color Alignment Systems
Closed System Drug Transfer DevicesMarket – by Type
Closed System Drug Transfer Devices Market – by Technology
Air Cleaning/Filtration Devices
Closed System Drug Transfer Devices Market – by Component
Vial Access Devices
Syringe Safety Devices
Bag/Line Access Devices
Closed System Drug Transfer Devices Market – by End User
Hospitals and Clinics
The closed system drug transfer devices protect hazardous drugs or vapors during drug preparation and administration. It comprises components that enable the filtering of dangerous vapors out of the system. Closed system drug transfer devices play a significant role in the protection of healthcare professionals from antineoplastic as well as other harmful medications. The growing emphasis on the implementation of occupational health and safety standards by government authorities are offering lucrative opportunity for the growth of the market. The closed system drug transfer devices market growth is mainly attributed to the growing adoption of chemotherapy and the improvement of regulatory guidelines regarding hazardous drugs. Moreover, the rising number of chemotherapeutic drug approvals is expected to foster market growth during the forecast period. However, the lack of regulatory guidelines regarding health workers’ safety in emerging countries limits the market’s development.
The market for Closed System Drug Transfer Device (CSTD) in Europe is positively affected. For instance, the necessity to divert healthcare staff and resources to address the pandemic has resulted in the suspension of cancer screening programs for asymptomatic patients in many countries. In March 2020, the Welsh government and the Scottish government suspended screening programs for breast, cervical, and bowel cancer.
Geographically World Closed Systems Drug Transfer Devices Market can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and South and Central America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Closed Systems Drug Transfer Devices Market will drive growth in the North American market over the next few years.
In the last section of the report, the companies responsible for increasing the sales in the Closed Systems Drug Transfer Devices Market have been presented. These companies have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the application and product type introduced by each of these companies also form a key part of this section of the report. The recent enhancements that took place in the global market and their influence on the future growth of the market have also been presented through this study.
Comprehensive overview of parent market & substitute market
Changing market dynamics in the industry (COVID & Economic Impact Analysis)
In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
Recent industry trends and development activity
Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)
Points Covered in Table of Content of Closed Systems Drug Transfer Devices Market:
- Key Takeaways
- Research Methodology
- Closed Systems Drug Transfer Devices Market Landscape
- Closed Systems Drug Transfer Devices Market – Key Market Dynamics
- Closed Systems Drug Transfer Devices Market – Global Market Analysis
- Closed Systems Drug Transfer Devices Market – Revenue and Forecasts to 2027 – Product Type
- Closed Systems Drug Transfer Devices Market – Revenue and Forecasts to 2027 – Application
- Closed Systems Drug Transfer Devices Market – Revenue and Forecasts to 2027 – Compound
- Closed Systems Drug Transfer Devices Market Revenue and Forecasts to 2027 – Geographical Analysis
- Industry Landscape
- Closed Systems Drug Transfer Devices Market, Key Company Profiles
Key questions answered:
Who are the Leading key players and what are their Key Business plans in the Closed Systems Drug Transfer Devices Market?
What are the key concerns of the five forces analysis of the Closed Systems Drug Transfer Devices Market?
What are different prospects and threats faced by the dealers in the Closed Systems Drug Transfer Devices market?
What possible measures players are taking to overcome and stabilize the situation?
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