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Global Closed System Transfer Devices Market Share, Size, Growth: By Type: Needleless, Membrane to Membrane; By Technology: Diaphragm Based, Filtration, Compartmentalised; By End Use: Hospitals and Clinics, Oncology Centres, Others; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028
Global Closed System Transfer Devices Market Outlook
The global closed system transfer devices market size attained a value of nearly USD 0.88 billion in 2021. Over the forecast period of 2023-2028, the market is further estimated to grow at a CAGR of 17.6%, to reach about USD 2.33 billion valuation by 2027.
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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Technology |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Closed System Transfer Devices Market Analysis
8.1 Key Industry Highlights
8.2 Global Closed System Transfer Devices Historical Market (2018-2022)
8.3 Global Closed System Transfer Devices Market Forecast (2023-2028)
8.4 Global Closed System Transfer Devices Market by Type
8.4.1 Needleless
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Membrane to Membrane
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Closed System Transfer Devices Market by Technology
8.5.1 Diaphragm Based
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Filtration
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Compartmentalised
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Closed System Transfer Devices Market by End Use
8.6.1 Hospitals and Clinics
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Oncology Centres
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Others
8.7 Global Closed System Transfer Devices Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Closed System Transfer Devices Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Closed System Transfer Devices Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Closed System Transfer Devices Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
15.2 Japan
15.2.1 Market Share
15.2.2 Historical Trend (2018-2022)
15.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Closed System Transfer Devices Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Closed System Transfer Devices Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Baxter International Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 B. Braun Holding Gmbh & Co. Kg
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Becton, Dickinson, and Company
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Corvida Medical, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Caragen Ltd
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Closed System Transfer Devices Market: Key Industry Highlights, 2018 and 2028
2. Global Closed System Transfer Devices Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Closed System Transfer Devices Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Closed System Transfer Devices Historical Market: Breakup by Technology (USD Million), 2018-2022
5. Global Closed System Transfer Devices Market Forecast: Breakup by Technology (USD Million), 2023-2028
6. Global Closed System Transfer Devices Historical Market: Breakup by End Use (USD Million), 2018-2022
7. Global Closed System Transfer Devices Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. Global Closed System Transfer Devices Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Closed System Transfer Devices Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Closed System Transfer Devices Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Closed System Transfer Devices Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Closed System Transfer Devices Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Closed System Transfer Devices Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Closed System Transfer Devices Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Closed System Transfer Devices Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Closed System Transfer Devices Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Closed System Transfer Devices Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Closed System Transfer Devices Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Closed System Transfer Devices Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Closed System Transfer Devices Market Structure
Key Questions Answered in the Report
In 2021, the global market attained a value of nearly USD 0.88 billion.
The market is assessed to grow at a CAGR of 17.6% between 2023 and 2028.
There is healthy growth expected for the market over the forecast period of 2023-2028, with estimations of an approximate market size of USD 2.33 billion by 2027.
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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