Closed System Transfer Devices Market by Diaphragm, Compartmentalize, Air Filtration to 2024 Rear Excessive Growth Estimated by Key Top Players B. Braun Melsungen AG, Yukon Medical, ICU Medical, Inc. and Baxter International, Inc.

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The closed system transfer devices market in the Asia Pacific is expected to grow at the highest CAGR during the forecast period. This is due to the rising incidence of cancer and the increasing demand for better healthcare services in developing economies such as India and China. In addition, the increasing focus of international players on emerging markets is further expected to drive the growth of this market in the APAC.

Top players covered in closed system transfer devices market report are 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).

Industry Insights
1 Introduction
2 Industry Trends
3 Automation in CSTD
4 Product Features and Pricing Analysis
5 Utilization/Adoption of CSTD, By Region
6 Regulatory Guidelines
7 Usp Regulations
8 National Institute for Occupational Safety and Health (NIOSH)
9 American Society of Health-System Pharmacists (ASHP)
10 International Society of Oncology Pharmacy Practitioners (ISOPP)
11 Regulatory Analysis

Closed system transfer devices market is projected to reach USD 982 million by 2024 from USD 390 million in 2019, at a CAGR of 20.3%. Factors like rising incidence of cancer, an increasing number of oncology drug approvals, increasing use of closed system transfer devices to combat harmful effects of cytotoxic or antineoplastic drugs, & improving regulatory guidelines regarding safe handling & use of hazardous drugs are driving growth of closed system transfer devices market.

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The closed system transfer devices market is segmented into diaphragm-based devices, compartmentalized devices, and air cleaning/filtration devices. The compartmentalized devices segment is expected to grow at the highest CAGR during the forecast period. Compartmentalized devices are priced at alower cost as compared to diaphragm-based devices. Also, these systems are truly closed in nature, providing maximum safety to healthcare workers and patients. These factors are driving the adoption of compartmentalized devices in the CSTDs market.

The report analyzes the market for various closed system transfer devices and their adoption patterns. It aims at estimating the market size and future growth potential of the global closed system transfer devices market and different segments such as type, closing mechanism, component, technology, end user, and region. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product offerings, and recent developments.

Asia Pacific is expected to witness the highest CAGR during the forecast period. The rising incidence of cancer, increasing demand for better healthcare services in developing economies, and increasing focus of international players on emerging markets such as India and China are driving the growth of the closed system transfer devices market in the Asia Pacific.

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In closed system transfer devices market report the hospitals segment is expected to account for the largest share of the market in 2019. The large share and high growth of this segment are mainly due to the strong financial capabilities of hospitals for purchasing high-priced CSTDs as compared to oncology centers and clinics, large cancer patient pool, and the increasing need to comply with the regulatory guidelines established by the FDA and NIOSH regarding the safety of healthcare providers.

A breakdown of the primary participants referred to for this report is provided below:
• By Company Type: Tier 1 (45%), Tier 2 (30%), and Tier 3 (25%)
• By Designation: C-level (45%), Director Level (35%), and Others (20%)
• By Region: North America (55%), Europe (18%), Asia Pacific (12%), Latin America (10%),and the Middle East & Africa (5%)

The report analyzes the market for various closed system transfer devices and their adoption patterns. It aims at estimating the market size and future growth potential of the global closed system transfer devices market and different segments such as type, closing mechanism, component, technology, end user, and region. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product offerings, and recent developments.

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