Rising Cancer Incidence Fueling Growth in the Closed System Transfer Devices Market : A Significant Driver Propelling The Closed System Transfer Devices Market In 2025

The Closed System Transfer Devices Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Closed System Transfer Devices Market Size and Projected Growth Rate?
The closed system transfer devices market is projected to grow from $1.04 billion in 2024 to $1.19 billion in 2025, at a CAGR of 14.5%. The growth is attributed to the approval of oncology drugs, a greater focus on occupational safety, the need to prevent needlestick injuries and hazardous drug exposure, and the growing chemotherapy patient population.

The closed system transfer devices market is expected to grow rapidly, reaching $2.03 billion in 2029 with a CAGR of 14.3%. This growth is driven by the rising occurrence of cancer, the increasing need for safe drug management, and growing awareness of CSTDs. Trends include the development of digital platforms, technological advancements, high R&D activity, and the adoption of membrane-to-membrane systems for transporting hazardous medications.

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What Are the Major Segments in the Closed System Transfer Devices Market?
The closed system transfer devices market covered in this report is segmented -

1) By Type: Needleless Systems, Membrane-To-Membrane Systems
2) By Technology: Diaphragm-Based, Compartmentalized, Filtration
3) By Closing Mechanism: Color-To-Color Alignment Systems, Push-To-Turn Systems, Click-To-Lock Systems, Luer-Lock Systems
4) By End User: Hospitals And Clinics, Oncology Centers, Other End Users

Subsegments:
1) By Needleless Systems: Closed Vial Systems, Closed Syringe Systems, Transfer Device Adapters
2) By Membrane-To-Membrane Systems: Membrane-To-Membrane Transfer Devices, Filtered Membrane Transfer Devices

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What Are The Driving Closed System Transfer Devices Market Evolution?
The increasing occurrence of cancer is expected to stimulate the growth of the closed-system transfer devices market. Cancer, due to lifestyle, environmental, and infection factors, is on the rise, and closed-system transfer devices play a vital role in protecting both healthcare workers and patients when administering chemotherapy. According to the World Health Organization, cancer cases are expected to rise to 35 million by 2050. This increase in cancer cases drives the closed-system transfer devices market.

Which Firms Dominate The Closed System Transfer Devices Market Segments?
Major companies operating in the closed system transfer devices market are Cardinal Health Inc., Becton Dickinson and Company, Baxter International Inc., Corning Incorporated, B Braun Melsungen AG, Grifols SA, Terumo Corporation, ICU Medical Inc., Amsino International Inc., JMS Co. Ltd., Vygon SA, Codan Medical GmbH, Equashield LLC, Hospira Inc., Nipro Corporation, Simplivia Healthcare Ltd., Practivet Inc., Corvida Medical Inc., Yukon Medical, Caragen Ltd., Insung Medical Co. Ltd., Carmel Pharma AB, Aegis Medical Technologies, Epic Medical Pte Ltd., Smiths Medical

What Trends Are Driving Growth in The Closed System Transfer Devices Market?
In the closed system transfer devices (CSTD) market, companies are innovating syringe units to improve safety and compliance with regulatory standards. For example, in October 2023, Equashield, a US-based medical device company, launched the EQUASHIELD Syringe Unit, which received FDA clearance for full-volume use, offering a safer and more efficient solution for handling hazardous drugs.

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Which Is The Largest Region In The Closed System Transfer Devices Market?
North America was the largest region in the closed system transfer device market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the closed system transfer devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Closed System Transfer Devices Market?
2. What is the CAGR expected in the Closed System Transfer Devices Market?
3. What Are the Key Innovations Transforming the Closed System Transfer Devices Industry?
4. Which Region Is Leading the Closed System Transfer Devices Market?

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