According to The Insight Partners market research study of “Closed System Drug Transfer Devices Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Closing Mechanism, Type, Technology, Component, and End User,” the global closed system drug transfer devices market is expected to reach US$ 1,661.83 million by 2027 from US$ 374.48 million in 2019. The market is estimated to grow at a CAGR of 20.5% from 2020 to 2027.
The report highlights trends prevailing in the global closed system drug transfer devices market and the factors driving market along with those that act as hindrances.
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Leading Closed Systems Drug Transfer Devices Market Players: BD, B. Braun Medical Inc., ICU MEDICAL INC., EQUASHIELD, Corvida Medical, Yukon Medical, Caragen Ltd., Simplivia Healthcare Ltd., JMS CO., LTD., Victus, Inc. and More
The closed system drug transfer devices market is expected to grow owing to factors such as growing adoption of chemotherapy and improvement of regulatory guidelines regarding hazardous drugs. However, the lack of regulatory guidelines regarding health workers’ safety in emerging countries is expected to restrict the market growth during the forecast period.
The report segments the global closed system drug transfer devices market as follows:
By Closing Mechanism
- Push-to-Turn Systems
- Color-to-Color Alignment Systems
- Luer-Lock Systems
- Click-to-Lock Systems
By Type
- Membrane-to-membrane Systems
- Needleless Systems
By Technology
- Diaphragm-Based Devices
- Compartmentalized Devices
- Air Cleaning/Filtration Devices
By Components
- Vial Access Devices
- Syringe Safety Devices
- Bag/Line Access Devices
- Accessories
By End User
- Hospitals & Clinics
- Oncology Centers
- Others
Geographically, the Closed Systems Drug Transfer Devices market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of MEA), and South and Central America (Brazil, Argentina, and the Rest of SCAM).
Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Closed Systems Drug Transfer Devices Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Closed Systems Drug Transfer Devices Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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