With 20% CAGR, Global Closed System Transfer Devices Market Size to Surpass USD 1,185 Million by 2026 - Comprehensive Research Report by Facts & Factors

Findings from Facts and Factors report "Closed System Transfer Devices Market By Type (Needleless Systems and Membrane-To-Membrane Systems), By Closing Mechanism (Color-To-Color Alignment Systems, Push-To-Turn Systems, Luer-Lock Systems, and Click-To-Lock Systems), By Component (Syringe Safety Devices, Bag/Line Access Devices, Accessories, and Vial Access Devices), By Technology (Air Cleaning/Filtration Devices, Compartmentalized Devices, and Diaphragm-Based Devices), By End-User (Hospitals, Oncology Centers & Clinics, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020-2026" states that the global Closed System Transfer Devices market in 2019 was approximately USD 340 Million. The market is expected to grow at a CAGR of 20% and is anticipated to reach around USD 1,185 Million by 2026.

𝐑𝐞𝐚𝐝 𝐃𝐞𝐭𝐚𝐢𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧@https://www.fnfresearch.com/closed-system-transfer-devices-market-by-type-needleless-849

Some of the key players operating in the target market are

Becton
Dickinson & Company
CODAN MedizinischeGeräte GmbH & Co. KG.
B. Braun Medical Inc.
Baxter
Equashield LLC
Victus
Corvida Medical
Yukon Medical
ICU Medical, Inc.
JMS Co., Ltd
Caragen Ltd., and others.

Closed system transfer devices are drug transmission equipment that stops the transmission of toxins into a system. These devices also prevent theescapeofharmful vapors as well as medicines outside the closed system. Types of closed system transfer devices include needleless systems and membrane-to-membrane systems. Closing mechanism of these devices involves color-to-color alignment systems, push-to-turn systems, Luer-lock systems, and click-to-lock systems.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/sample/closed-system-transfer-devices-market-by-type-needleless-849

Components of closed system transfer devices consist of syringe safety devices, vial access devices, bag/line access devices, and accessories. Technology involves compartmentalized devices, diaphragm-based devices, and air cleaning/filtration devices. End-users of such devices are oncology centers & clinics, and hospitals.

The rising prevalence of approvals on a number of oncology drugs has been driving the target market growth. In addition, the increasing rate of cancer among individuals has been propelling the target market growth. Furthermore, the augmentation of regulatory guidelines associated with the usage and handling of hazardous drugs has been surging the target market growth as well. However, the high cost of CSTDs is expected to hamper the target market growth over the forecast period. In addition, the dearth of comprehensive guidelines in developing economies associated with the target market may restrain the target market growth over the forecast period.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/inquiry/closed-system-transfer-devices-market-by-type-needleless-849

Nevertheless, technological advances including RTA products are estimated to offer solutions for the reduction of exposure risk to hazardous drugs. This factor may create lucrative opportunities over the forecast period.

In terms of type, the target market is categorized as needleless systems and membrane-to-membrane systems. Among these, membrane to membrane system is the leading one due to the ease of operation.

In terms of closing mechanisms, the target market is categorized as color-to-color alignment systems, push-to-turn systems, Luer-lock systems, and click-to-lock systems. Among these categories, push-to-turn systems is expected to be the dominating one as they accounted for the major part of the closing mechanism segment.

𝐍𝐞𝐞𝐝 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/customization/closed-system-transfer-devices-market-by-type-needleless-849

In terms of components, the target market is categorized as syringe safety devices, bag/line access devices, accessories, and vial access devices. Among these, the syringe safety devices category is the dominating one. The rising need for regulatory compliance propels the demand for vial access devices in oncology centers as well as hospitals.

In terms of technology, the target market is categorized as air cleaning/filtration devices, compartmentalized devices, and diaphragm-based devices. Among these categories, compartmentalized devices are the leading ones. Compartmentalized devices are available at a lower cost as compared to diaphragm-based devices. These systems provide maximum safety to healthcare patients and workers.

In terms of end-user, the target market is categorized as hospitals, oncology centers & clinics, and others. Among these categories, hospitals are the leading category owing to high financial capabilities to purchase high price CSTDs.

𝐑𝐞𝐚𝐝 𝐛𝐮𝐲𝐧𝐨𝐰 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧@https://www.fnfresearch.com/buynow/su/closed-system-transfer-devices-market-by-type-needleless-849

This report segments the Closed System Transfer Devices market as follows:

Global Closed System Transfer Devices Market: By Type Segmentation Analysis

Needleless Systems
Membrane-To-Membrane Systems

Global Closed System Transfer Devices Market: By Closing Mechanism Segmentation Analysis

Color-To-Color Alignment Systems
Push-To-Turn Systems
Luer-Lock Systems
Click-To-Lock Systems

Global Closed System Transfer Devices Market: By Component Segmentation Analysis

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

Global Closed System Transfer Devices Market: By Technology Segmentation Analysis

Air Cleaning/Filtration Devices
Compartmentalized Devices
Diaphragm-Based Devices

Global Closed System Transfer Devices Market: By End-User Segmentation Analysis

Hospitals
Oncology Centers& Clinics
Others

Global Closed System Transfer Devices Market: Regional Segmentation Analysis

North America
The U.S.
Canada
Europe
Germany
The UK
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

Facts & Factors
A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: sales@fnfresearch.com
Web: https://www.fnfresearch.com

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client's/customer's conviction in our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

This release was published on openPR.