Closed System Transfer Devices Market 2021-2027 Record-Breaking Victory | ICU Medical, Baxter, Simplivia, B. Braun Melsungen, Becton, Equashield LLC, Corvida, Yukon Medical, Caragen

The Closed System Transfer Devices Market is projected to reach USD 982 million by 2027 from USD XX million in 2020, at a CAGR of 20.3%.

Every possible effort has been made when research & analysis is performed to prepare this finest Closed System Transfer Devices market research report. All statistical & numerical data is interpreted with the use of established & advanced tools such as SWOT analysis & Porter's Five Forces Analysis. Clients accomplish unparalleled insights & acquaintance of the best market opportunities into their respective markets from this market report. In addition, businesses can recognize the extent of the marketing problems, causes for failure of particular product (if any) already in the market, & prospective market for a new product to be launched by employing this Closed System Transfer Devices business document.

Request for Sample Copy of This Report @ https://marketdigits.com/closed-system-transfer-devices-market/sample/

Growth in this market is mainly driven by the rising prevalence of cancer, increasing number of oncology drug approvals, increasing use of closed system transfer devices to combat the harmful effects of cytotoxic or antineoplastic drugs, and improving regulatory guidelines regarding the safe handling and use of hazardous drugs.

The membrane-to-membrane systems segment is expected to account for the largest share of the closed system transfer devices market in 2019

On the basis of type, the membrane-to-membrane systems segment is expected to account for the largest share of the market in 2019. The large share and high growth of this segment can be attributed to their ease of operation and the lower risk of contamination associated with double-membrane containment systems. Also, these systems use a double membrane junction between the syringe and the medication vial or container to help isolate medications. This double membrane containment system provides an added layer of protection compared to needleless membranes, which boosts growth in this segment.

Purchase Full Report @ https://marketdigits.com/closed-system-transfer-devices-market/buy/

The diaphragm-based devices segment is expected to account for the largest share of the market in 2019

Based on technology, the diaphragm-based devices segment accounted for the largest share of the market. The large share of this segment is mainly due to the ease of operation and safety provided by these devices. The compartmentalized devices segment is expected to grow at the highest CAGR of 23.6% during the forecast period due to their lower cost.

The hospitals segment accounted for the largest share of the closed system transfer devices market in 2019

Based on end user, 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.

Asia Pacific is expected to grow at the highest CAGR during the forecast period

The 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.

Prominent players in the global closed system transfer devices industry 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).

Any Questions? Inquire Here Before Buying @ https://marketdigits.com/closed-system-transfer-devices-market/analyst/

Closed System Transfer Devices Market : Scope of the Report:

The research report categorizes the market into the following segments and subsegments:

Closed System Transfer Devices Market, by Closing Mechanism

Push-to-turn Systems
Color-to-color Alignment Systems
Luer-lock Systems
Click-to-lock Systems

Closed System Transfer Devices Market, by Type

Membrane-to-membrane Systems
Needleless Systems

Closed System Transfer Devices Market, by Component

Vial Access Devices
Syringe Safety Devices
Bag/Line Access Devices
Accessories

Closed System Transfer Devices Market, by Technology

Diaphragm-based Devices
Compartmentalized Devices
Air Cleaning/Filtration Devices

Closed System Transfer Devices Market, by End User

Hospitals
Oncology Centers & Clinics
Other End Users

Closed System Transfer Devices Market, by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Closed System Transfer Devices Market Recent Developments

In 2018, Equashield LLC. (US) entered into a partnership with Max Care Medical (Saudi Arabia) to distribute its CSTDs in Saudi Arabia as well as the wider Middle East and Africa region.

In 2017, Equashield LLC. (US) launched Equashield Pro, a compounding Robot CSTD.

In 2017, ICU Medical, Inc. (US) acquired Medical Australia Limited to improve the distribution of its infusion therapy consumable products to the healthcare sector in Australia and New Zealand.

In 2017, ICU Medical, Inc. (US) signed an agreement with Terumo Corporation (Japan). According to this agreement, Terumo will distribute ICU’s IV therapy and CSTD products in Japan and other countries across Asia.

In 2017, Becton, Dickinson and Company (US) expanded its manufacturing site at Nebraska, US.

Closed System Transfer Devices market study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities & challenges, risks & entry barriers, sales channels, distributors & Porter's Five Forces Analysis. This business report provides fact-based & penetrating insights from the customers. Thorough insights into emerging trends, opportunities & potential threats are offered via this report as it is the key to long-term sustenance in a competitive environment. This international Closed System Transfer Devices market report is comprehensive & opens a door of international market for the products. The report gives helpful insights which assist while launching a new product.

Read More @ https://marketdigits.com/closed-system-transfer-devices-market/

Contact Us:
MarketDigits
USA : +1 847 450 0808
Email : sales@marketdigits.com

About MarketDigits:

MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.

We offer services that are most relevant and beneficial to the users, which help businesses to sustain in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.

This release was published on openPR.