Global Closed System Transfer Devices Market is growing with factors such as rise in the prevalence of cancer diseases globally. Technological advancements for the delivery of effective healthcare service are also accelerating the growth of the market.
Rise in safety concern of healthcare workers has propelled the demand for closed system transfer devices. However, stringent regulations for improving standards for drug handling devices is hindering the growth of the closed system transfer devices market.
Global closed system transfer devices market Scenario
According to Data Bridge Market Research, the market for North America has the highest market share followed by Europe, and Asia-Pacific. Market leader is BD which caters almost 26.70% market share. Some of the recent developments by the company are-
- In May 2021, BD had announced its plan to build a USD 200 million high-tech manufacturing facility in Spain. It will meet high sustainability and eco-efficiency standards and will also incorporate with the latest autonomous technologies known as industry 4.0 solutions. This will help the company produce easy drug delivery devices, mainly for pharmaceutical companies that supply products throughout the European market.
Trends Impacting the Market
Now the question is, which other regions BD, ICU Medical, Inc., and B. Braun Medical Inc. are targeting? Data Bridge Market Research has estimated a large growth of closed system transfer devices in Europe market and the market leaders targeting Germany and France to be their next pocket revenue for 2021.
Global closed system transfer devices market is becoming more competitive with companies such as EQUASHEILD, Corvida Medical, YUKON MEDICAL, ICU MEDICAL, INC., B.BRAUN MEDICAL INC., among others. These are the top dominating companies in closed system transfer devices market and have launched advanced services and solutions in the market. The data bridge market research new reports highlight the major growth factors and opportunities in global closed system transfer devices market.
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Global Closed System Transfer Devices Market Developments
- In February 2021, B. Braun Medical Inc. was awarded as the best in KLAS for Traditional Smart Pumps for their leading healthcare research and insights firm. The nomination was based on the side performance comparisons and feedback from healthcare providers across the U.S. This will help the company to be recognized as a quality leader in this healthcare market segment.
- In April 2019, ICU MEDICAL, INC. and Scripps Health signed an agreement stating the long-term purchase agreement covering ICU Medical’s full line of IV solutions and consumables, along with the Plum 360 infusion system with ICU Medical MedNet IV medication safety software. With this, there is an increased level of clinical and IT diligence that Scripps Health performed to evaluate the technology and capabilities as part of their robust value analysis process. This will also help the company to provide highest standard of patient care with advanced technology and solutions.
- In October 2019, EQUASHIELD had introduced its manual and automated CSTD solutions to the Netherlands through direct sales channels. This proactive approach by the company will facilities health workers as they progress towards full compliance with safety recommendations. This will also help the company to provide standard equipment’s for protecting healthcare workers handling hazardous drugs and also supports sales across the region.
Scope of the Closed System Transfer Devices Market
Global closed system transfer devices market is segmented on the basis of region into North America, Europe, Asia-Pacific, South America, and Middle East and Africa.
North America Closed System Transfer Device Market is sub-segmented into the U.S., Canada and Mexico. South America is sub- segmented into Brazil, Argentina, & rest of South America. Europe Closed System Transfer Device Market is sub-segmented into the Germany, France, U.K., Italy, Russia, Spain, Netherlands, Belgium, Turkey, Switzerland and rest of Europe. Asia- Pacific Closed System Transfer Device Market is sub-segmented into China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Thailand, Malaysia, Singapore, Philippines and rest of Asia-Pacific. Middle East and Africa Closed System Transfer Device Market is sub-segmented into Saudi Arabia, South Africa, Israel, UAE, Egypt and rest of Middle East and Africa. South Closed System Transfer Device Market is sub-segmented into Brazil, Argentina and rest of South America.
All country-based analysis of the global closed system transfer devices market is further analyzed based on maximum granularity into further segmentation. The market is segmented into six notable segments based on type, components, closing mechanisms, technology, end user, and distribution channel.
- On the basis of type, the global closed system transfer devices market is segmented into membrane to membrane and needle-free closed system transfer device. On the basis of components, it is segmented into devices and accessories. On the basis of closing mechanism, the global closed system transfer devices market is segmented into push-to-turn systems, color-to-color alignment systems, color-to-color alignment systems, and click-to-lock systems. On the basis of technology, the global closed system transfer devices market is segmented into diaphragm-based devices, compartmentalized devices, and air cleaning/filtration devices. On the basis of end user, the global closed system transfer devices market is segmented into hospitals, oncology centers & clinics, ambulatory surgical centers, academic and research institutes, and others. On the basis distribution channel, the global closed system transfer devices market is segmented into direct tender and retail sales.
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Key Pointers Covered in Global Closed System Transfer Devices Market Industry Trends and Forecast to 2028
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market Competitors
- Recent Market Value for Different Countries
- Market value and over view of Global closed system transfer devices market
- Company profiling of top eight players of Global closed system transfer devices
Key Market Competitors Covered in the Report
- Braun Medical Inc.
- ICU MEDICAL, INC.
- BD
- EQUASHIELD
- Simplivia
- Corvida Medical
- YUKON MEDICAL
- Caragen Ltd.
- Baxter
- Vygon
- Epic Medical
Above are the key players covered in the report for Global closed system transfer devices market https://www.databridgemarketresearch.com/toc/?dbmr=global-closed-system-transfer-devices-market
Research Methodology: Global Closed System Transfer Devices Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufacturer, Healthcare Industry, Scientists, Research Laboratories
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Related Reports
- Global Closed System Transfer Devices Market – Industry Trends and Forecast to 2027
- Global Needle Free Injection Systems Market – Industry Trends and Forecast to 2027
- Global Needle-Free Injection System Market – Industry Trends and Forecast to 2026
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