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Closed System Transfer Devices Market

Global Closed System Transfer Devices Market Size, Growth: By Type: Needleless, Membrane to Membrane; By Technology: Diaphragm Based, Filtration, Compartmentalised; By Component: Devices, Accessories; By End User: Hospitals and Clinics, Others; Regional Analysis; Supplier Landscape; 2024-2032

Global Closed System Transfer Devices Market Outlook

The global closed system transfer devices market size attained a value of USD 1,048.13 million in 2023. The rapid Growth in Hospitals and Clinics is the main reason to Fuel the Market Growth of Closed System Transfer Devices. The market is anticipated to grow at a CAGR of 19.2% during the forecast period of 2024-2032 to attain a value of USD 5,092.13 million by 2032.

 

North America to Hold Significant Share in the Market Growth of Closed System Transfer Devices

During the forecast period, the region of North America is expected to account for a significant market share on account of the high awareness regarding such devices among nurses, pharmacists, and oncologists. Cancer is highly prevalent  in the region, and there is a strong presence of various market players such as Baxter International Inc. and Becton, Dickinson, and Company, among others. Both these factors, as well as easy accessibility to advanced technologies, are expected to propel the growth of the closed system transfer devices market in North America.

 

Meanwhile, Asia Pacific is projected to bolster the market growth of closed system transfer devices during the forecast period on account of the surging utilisation in Asia Pacific. There is a rising demand for advanced healthcare services, an increase in the overall population, and increasing investments of international players in emerging economies like India and China.

 

Market Segmentation

A Closed System Drug-Transfer Device (CSTD) is primarily classified as a drug transfer device, used to mechanically excludes the transfer of environmental toxins into the system. They also evade harmful drug or vapor concentrations that maybe located outside the system. They usually feature one of two design concepts, utilising a physical barrier for transfer exclusion, or an air-cleaning technology to prevent escape of harmful drugs into the surrounding environments.

 

By type, the bifurcation of the market is into:

  • Needleless
  • Membrane to Membrane

 

Based on technology, the market is categorised into:

  • Diaphragm Based
  • Filtration
  • Compartmentalised

 

On the basis of end uses, the closed system transfer devices market is segregated into:

  • Hospitals and Clinics
  • Oncology Centres
  • Others

 

The EMR report looks into the regional markets of closed system transfer devices like Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa.

 

Rapid Growth in Hospitals and Clinics to Fuel the Market Growth of Closed System Transfer Devices

Based on end use, the segment expected to register robust growth market across the globe is hospitals and clinics. Hospitals have strong financial capabilities for acquiring high-priced devices, a large cancer patient population, and a requirement to obey with regulatory guidelines, bolstering market demand from hospitals.

 

Advancements in medical research and technology and the growing healthcare industry are expected to fuel the closed system transfer devices market growth globally. There is a surging usage of the needleless segment as it offers a faster and more efficient way of administering vaccines coupled. Strict medical guidelines for safe usage of harmful drugs is also likely to drive the market growth.

 

Key Players in the Global Market for Closed System Transfer Devices

The report presents a detailed analysis of the following key players in the global closed system transfer devices market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

 

  • Baxter International Inc.
  • B. Braun Holding Gmbh & Co. Kg
  • Becton, Dickinson, and Company
  • Corvida Medical, Inc.
  • Caragen Ltd
  • Others

 

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Technology
  • Component
  • End User
  • Region
Breakup by Type
  • Needleless
  • Membrane to Membrane
Breakup by Technology
  • Diaphragm Based
  • Filtration
  • Compartmentalized
Breakup by Component
  • Devices
  • Accessories
Breakup by End User
  • Hospitals and Clinics
  • Academic and Research Institute
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Baxter International Inc.
  • B. Braun Holding Gmbh & Co. Kg
  • Becton, Dickinson, and Company
  • Corvida Medical, Inc.
  • Caragen Ltd 
  • ICU Medical
  • EQUASHIELD
  • Simplivia
  • YUKON MEDICAL
  • JMS North America Corporation
  • Epic Medical
  • Others

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions 
    1.3    Report Coverage – Key Segmentation and Scope  
    1.4    Research Methodology
2    Executive Summary
3    Global Closed System Transfer Devices Market Overview 

    3.1    Global Closed System Transfer Devices Market Historical Value (2017-2023) 
    3.2    Global Closed System Transfer Devices Market Forecast Value (2024-2032)
4    Global Closed System Transfer Devices Market Landscape
    4.1    Global Closed System Transfer Devices Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Global Closed System Transfer Devices Product Landscape
        4.2.1    Analysis by Type
        4.2.2    Analysis by Technology 
        4.2.3    Analysis by Component
        4.2.4    Analysis by End User
5    Global Closed System Transfer Devices Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model 
    5.4    Key Demand Indicators
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends 
    5.7    Value Chain Analysis
6    Global Closed System Transfer Devices Market Segmentation 
    6.1    Global Closed System Transfer Devices Market by Type
        6.1.1    Market Overview
        6.1.2    Needleless
        6.1.3    Membrane to Membrane
    6.2    Global Closed System Transfer Devices Market by Technology
        6.2.1    Market Overview
        6.2.2    Diaphragm Based
        6.2.3    Filtration
        6.2.4    Compartmentalized
    6.3    Global Closed System Transfer Devices Market by Component
        6.3.1    Market Overview
        6.3.2    Devices
        6.3.3    Accessories
    6.4    Global Closed System Transfer Devices Market by End User
        6.4.1    Market Overview
        6.4.2    Hospitals and Clinics
        6.4.3    Academic and Research Institute
        6.4.4    Others
    6.5    Global Closed System Transfer Devices Market by Region
        6.5.1    Market Overview
        6.5.2    North America 
        6.5.3    Europe
        6.5.4    Asia Pacific
        6.5.5    Latin America
        6.5.6    Middle East and Africa
7    North America Closed System Transfer Devices Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Closed System Transfer Devices Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Closed System Transfer Devices Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Closed System Transfer Devices Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Closed System Transfer Devices Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Patent Analysis
    12.1    Analysis by Type of Patent
    12.2    Analysis by Publication year
    12.3    Analysis by Issuing Authority
    12.4    Analysis by Patent Age
    12.5    Analysis by CPC Analysis
    12.6    Analysis by Patent Valuation 
    12.7    Analysis by Key Players
13    Grants Analysis
    13.1    Analysis by year
    13.2    Analysis by Amount Awarded
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Grant Application
    13.5    Analysis by Funding Institute
    13.6    Analysis by NIH Departments
    13.7    Analysis by Recipient Organization 
14    Funding Analysis
    14.1    Analysis by Funding Instances
    14.2    Analysis by Type of Funding
    14.3    Analysis by Funding Amount
    14.4    Analysis by Leading Players
    14.5    Analysis by Leading Investors
    14.6    Analysis by Geography
15    Partnership and Collaborations Analysis
    15.1    Analysis by Partnership Instances
    15.2    Analysis by Type of Partnership
    15.3    Analysis by Leading Players
    15.4    Analysis by Geography
16    Regulatory Framework
    16.1    Regulatory Overview
        16.1.1    US FDA
        16.1.2    EU EMA
        16.1.3    INDIA CDSCO
        16.1.4    JAPAN PMDA
        16.1.5    Others
17    Supplier Landscape
    17.1    Baxter International Inc.
        17.1.1    Financial Analysis
        17.1.2    Product Portfolio
        17.1.3    Demographic Reach and Achievements
        17.1.4    Mergers and Acquisitions
        17.1.5    Certifications
    17.2    B. Braun Holding Gmbh & Co. Kg
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisitions
        17.2.5    Certifications
    17.3    Becton, Dickinson, and Company
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisitions
        17.3.5    Certifications
    17.4    Corvida Medical, Inc.
        17.4.1    Financial Analysis
        17.4.2    Financial Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisitions
        17.4.5    Certifications
    17.5    Caragen Ltd 
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisitions
        17.5.5    Certifications
    17.6    ICU Medical
        17.6.1    Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisitions
        17.6.5    Certifications
    17.7    EQUASHIELD
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisitions
        17.7.5    Certifications
    17.8    Simplivia
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisitions
        17.8.5    Certifications
    17.9    YUKON MEDICAL
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisitions
        17.9.5    Certifications
    17.10    JMS North America Corporation
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisitions
        17.10.5    Certifications
    17.11    Epic Medical
        17.11.1    Financial Analysis
        17.11.2    Product Portfolio
        17.11.3    Demographic Reach and Achievements
        17.11.4    Mergers and Acquisitions
        17.11.5    Certifications
    17.12    Others
18    Global Closed System Transfer Devices Market - Distribution Model (Additional Insight)
    18.1    Overview 
    18.2    Potential Distributors 
    18.3    Key Parameters for Distribution Partner Assessment 
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)

    20.1    Very Small Companies
    20.2    Small Companies
    20.3    Mid-Sized Companies
    20.4    Large Companies
    20.5    Very Large Companies
21    Payment Methods (Additional Insight)
    21.1    Government Funded
    21.2    Private Insurance
    21.3    Out-of-Pocket

 

*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

Globally, closed system transfer devices market reached a value of USD 1,048.13 million in 2023.

The market is projected to expand at a CAGR of 19.2% from 2024 to 2032, growing to USD 5,092.13 million by 2032.

The leading market drivers are surging the healthcare industry and the increasing prevalence of chronic disease.

The key market trends include the surging use of closed system transfer devices to combat harmful effects of cytotoxic and antineoplastic drugs, and growing investment in healthcare infrastructure.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Currently, the EMR report identifies North America as holding a significant market share.

The various types of devices in the market includes needleless and membrane to membrane.

The core technologies in the market includes diaphragm based, filtration, and compartmentalised.

The most common end user segments in the market include hospitals and clinics and oncology centres.

The major players in the market are Baxter International Inc., B. Braun Holding Gmbh & Co. Kg, Becton, Dickinson, and Company, Corvida Medical, Inc. and Caragen Ltd, among others.

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