Comprehensive 2025 Closed System Transfer Devices Market Overview: Trends, Forecasts, and Growth Drivers

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What Is the Expected CAGR for the Closed System Transfer Devices Market Through 2025?
Recent years have seen a rapid expansion in the market size of closed system transfer devices. The market is projected to increase from $1.04 billion in 2024 to $1.19 billion in 2025, experiencing a compound annual growth rate (CAGR) of 14.5%. The notable growth during the historic period is due to a rise in approvals for oncology drugs, increased emphasis on occupational safety, a growing need to control needlestick injuries and exposure to harmful drugs, heightened awareness about the possible risks associated with cytotoxic drug exposure, and an increase in the number of chemotherapy patients.

What's the Projected Size of the Global Closed System Transfer Devices Market by 2029?
The market for closed system transfer devices is predicted to experience significant expansion in the coming years, ballooning to a worth of $2.03 billion by 2029, with a compound annual growth rate (CAGR) of 14.3%. The anticipated growth during this period can be linked to the rising incidence of cancer, the heightened need for track compliance for the safe handling of harmful drugs, increased awareness about the utilization of closed system transfer devices, the growing adoption of CSTDS for the shipment of dangerous medicines, and a surge in drug approvals for cancer. Key trends for this forecast period encompass the launch of fresh products and safety measures, the creation of digital and user-friendly device platforms, extensive research and development endeavours, advancements in technology, and the embrace of membrane-to-membrane systems.

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Top Growth Drivers in the Closed System Transfer Devices Industry: What's Accelerating the Market?
The closed-system transfer devices market is slated to expand due to the rising prevalence of cancer. Cancer is marked by the uncontrollable multiplication of unnatural cells, which have the capacity to infringe on neighbouring tissues and disseminate to other parts of the body via the blood and lymph systems. Reasons for the increasing incidence of cancer include lifestyle choices, environmental influences, and heightened infection rates. Crucial for treating cancer, closed-system transfer devices serve to shield both healthcare professionals and patients from the potential risks that come with handling and administering chemotherapy drugs. Their application serves to further secure the healthcare environment and improve treatment results for those diagnosed with cancer. For example, in February 2024, the World Health Organization (WHO), a Switzerland-based intergovernmental organization, reported a projected surge in cancer cases expected to surpass 35 million by 2050, which is a 77% increase from the foreseeable 20 million cases in 2022. This significant elevation underlines the intensifying global cancer burden. Additionally, in January 2023, according to the National Center for Biotechnology Information, a US-based intergovernmental organization, the United States is projected to record 1,958,310 new cases of cancer and 609,820 cancer-related deaths in 2023. Consequently, the swelling number of cancer cases is fuelling the growth of the closed system transfer devices market.

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What Trends Will Shape the Closed System Transfer Devices Market Through 2029 and Beyond?
Leading corporations in the CSTD market are prioritizing the development of inventive syringe units to strengthen safety measures, enhance user interaction, minimize contamination hazards and meet the rigid regulatory standards in the health sector. When referring to full volume use, a syringe unit is intended to dispense or apply the entire content of the liquid or medication it holds without the need for extra mixing or dilution. For instance, in October 2023, the medical device firm based in the USA, Equashield, launched the EQUASHIELD Syringe Unit which has gained FDA approval for full-volume usage enabling safer and more effective hazardous drug management. This inventive design impedes vapour leakage and contamination of the plunger, making it a cost-efficient solution for compounding and administering medications.

What Are the Main 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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Which Top Companies are Driving Growth in the Closed System Transfer Devices Market?
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

Which Regions Will Dominate the Closed System Transfer Devices Market Through 2029?
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.

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