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2019 Closed System Transfer Device (CSTD) Market | Analysis By BD Medical, Inc, Equashield, LLC, ICU Medical, Inc, Teva Medical Ltd, Corvida Medical

07-15-2019 08:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Report Hive Research

Closed System Transfer Device (CSTD) Market

Closed System Transfer Device (CSTD) Market

According to this study, over the next five years the Closed System Transfer Device (CSTD) market will register a 21.3% CAGR in terms of revenue, the global market size will reach US$ 1469.3 million by 2024, from US$ 560.3 million in 2019
The Closed System Transfer Device (CSTD) Market report covers the Major Key Players data analysis that includes market revenue, gross rate, profit, and distribution market etc. This report highlights exhaustive study of major market along with present and forecast market scenario with useful business decisions.
USA dominated the Closed System Transfer Device (CSTD), and is the largest production base. In addition to USA, there are some other production areas, such as Europe. In consumption market, North America is the mainly consumption regions due to the bigger demand of downstream applications. In 2017, North America occupied 89.37% of the global consumption value in total. But the above forecast is based on the current policy. If a country suddenly made the relevant policies, then the entire market will change.
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Now some companies see the future profit, they started to expand their investment on Closed System Transfer Device (CSTD) to occupy the market share.For Example, Equashield, a leading provider of Closed System Transfer Devices (CSTDs) for the safe and simple handling of hazardous drugs, today held a groundbreaking for a new manufacturing plant. The company will invest an estimated $30 million to build the new plant to meet the growing market demand for manual and automated hazardous drug compounding devices.
Closed System Transfer Device (CSTD) is a drug transfer device that mechanically prohibits the transfer of environmental contaminants into a system and the escape of hazardous drug or vapor concentrations outside the system, which designed to prevent the escape of hazardous drug vapors into the environment during drug reconstitution and administration.
Corvida Medical has leveraged about $6 million in non-dilutive federal, state, and private awards and secured $2.25 million in Series A proceeds to achieve critical milestones to date. Corvida completed a $10.9 million Series B over a series of tranches with the final closing in mid-2015 and is now seeking a convertible note investment, with $3.8 million already committed and on track to close Q1 2016. Management anticipates a $7-10 million Series C late 2016/early 2017 (including the convertible note proceeds) with funds to be used to scale-up manufacturing capacity, build-out production inventory, add personnel, and fuel revenue growth. Corvida has an opportunity to achieve cash flow positive within 2 years of launch (on roughly $1 million in monthly sales), and a realistic opportunity to ramp revenues to $20-30 million within 2-3 years!Meanwhile, the government's attitude has a huge impact on the market. However, now, only the United States and some European and Asia countries have promulgated relevant policies. But, even in these countries, the level of promotion is still relatively low.
Top key players covered in this report:
BD Medical, Inc
Equashield, LLC
ICU Medical, Inc
Teva Medical Ltd
Corvida Medical
This report focuses on the Closed System Transfer Device (CSTD) Market in global market, especially in United States, China, Europe, Japan, Southeast Asia, India and more.
Market Segment by Type, covers
Closed Vial Access Devices
Closed Syringe Safety Devices
Closed Bag/Line Access Devices
Market Segment by Applications, can be divided into
Hospital
Clinic
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Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.2 Closed System Transfer Device (CSTD) Segment by Type
2.3 Closed System Transfer Device (CSTD) Consumption by Type
2.4 Closed System Transfer Device (CSTD) Segment by Application
2.5 Closed System Transfer Device (CSTD) Consumption by Application

3 Global Closed System Transfer Device (CSTD) by Manufacturers
3.1 Global Closed System Transfer Device (CSTD) Sales Market Share by Manufacturers
3.2 Global Closed System Transfer Device (CSTD) Revenue Market Share by Manufacturers
3.3 Global Closed System Transfer Device (CSTD) Sale Price by Manufacturers
3.4 Global Closed System Transfer Device (CSTD) Manufacturing Base Distribution, Sales Area, Product Types by Manufacturers
3.5 Market Concentration Rate Analysis
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion

4 Closed System Transfer Device (CSTD) by Regions
4.1 Closed System Transfer Device (CSTD) by Regions
4.2 Americas Closed System Transfer Device (CSTD) Consumption Growth
4.3 APAC Closed System Transfer Device (CSTD) Consumption Growth
4.4 Europe Closed System Transfer Device (CSTD) Consumption Growth
4.5 Middle East & Africa Closed System Transfer Device (CSTD) Consumption Growth
……… TOC continued

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