Global Closed System Transfer Devices Market – Industry Trends and Forecast to 2031

Global Closed System Transfer Devices Market, By Type (Membrane-To Membrane Systems, Needle-Free Closed System Transfer Device), Component (Devices, Accessories), Closing Mechanism (Push-To-Turn Systems, Color-To-Color Alignment Systems, Luer-Lock System, Click-To-Lock Systems), Technology (Diaphragm-Based Devices, Compartmentalized Devices, Air Cleaning/Filtration Devices), End User (Hospitals, Oncology Centers & Clinics, Ambulatory Surgical Centers, Academic, Research Institutes), Distribution Channel (Direct Tender, Retail Sales) – Industry Trends and Forecast to 2031.

Closed System Transfer Devices Market Analysis and Size

Rise in safety concerns of healthcare workers is the major driving factor in the market. A shortage of skilled personnel in the healthcare sector can prove to be the major challenge for market growth. However, extensive research funding projects from the government in the safe handling of drugs prove to be an opportunity for the market. On the other hand, the lack of compatibility between the biological and construction materials of the CSTDs is expected to restrain the growth of the market.

Data Bridge Market Research analyzes that the global closed system transfer devices market, which was USD 958.18 million in 2023, is likely to reach USD 3,776.18 million by 2031 and is expected to undergo a CAGR of 18.7% during the forecast period. “Membrane-To Membrane System” dominates the type segment of the market due to the growing demand for better methods for treatment in patients. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Market Definition

Closed system transfer device or "CSTD" is a drug transfer device, which mechanically prohibits the transfer of environmental contamination in medical system and escape of hazardous drug or vapor concentrations outside the system. Open versus closed systems are commonly applied in medical devices to maintain the sterility of a fluid pathway. CSTDs work by preventing- uncontrolled inflow and outflow of contaminants and drugs, preserving the quality of the solution to be infused into a patient. These devices ensure safety of healthcare workers during the usage of hazardous drugs or chemicals.

Global Closed System Transfer Devices Market Dynamics

Drivers

• Increasing Incidence of Cancer

The rising prevalence of cancer and the use of chemotherapy for its treatment drive the demand for CSTDs. Healthcare providers and pharmaceutical companies are increasingly focused on patient and healthcare worker safety in the administration of chemotherapy drugs.

• Expansion of Healthcare Facilities

The expansion of healthcare facilities and the increase in home healthcare services further drive the adoption of CSTDs. This is because more locations and personnel are involved in the administration of hazardous drugs.

Opportunities

• Collaboration with Pharmaceutical Companies

Collaborating with pharmaceutical manufacturers to develop specialized CSTDs for specific drugs can lead to opportunities for custom solutions, which can be lucrative in the market.

• Market Expansion

The CSTD market is expected to expand as healthcare providers, pharmaceutical companies, and compounding pharmacies seek to enhance safety measures in the handling and administration of hazardous drugs. This expansion may result in a larger customer base for CSTD manufacturers.

Restraints/Challenges

• High Initial Costs

The implementation of CSTDs often involves significant upfront costs for healthcare facilities, including the purchase of CSTD devices, training, and infrastructure changes. These costs can be a barrier to adoption, particularly for smaller healthcare providers.

• Resistance to Change

Healthcare systems can be resistant to change, and there may be a reluctance to adopt new technologies and safety measures. This resistance can stem from concerns about disruption of existing workflows, the need for staff training, and cost considerations. This can be a challenge for market growth.

This closed system transfer devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the closed system transfer devices market contact Data Bridge Market Research for an analyst brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

• In September 2019, EQUASHIELD announced the availability of CSTD in Japan region through Japanese distributor Tosho Inc. Under this acquisition, Tosho will provide PAL Medical with Equashield’s closed IV connectors in order to develop safer IV sets for oncology nurses administering hazardous chemotherapy drugs. This will also help the company become recognized leader in the Asia-Pacific region for safe handling in healthcare settings
• In April 2019, ICU Medical, Inc. and Scripps Health signed an agreement stating the long-term purchase agreement, which covers ICU Medical’s full product line of IV solutions and consumables, along with other medication software. This will help the company to provide highest standard of patient care with advanced technology and solutions

Global Closed System Transfer Devices Market Scope

The closed system transfer devices market is segmented on the basis of type, component, closing mechanism, technology, end user, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Membrane-To Membrane Systems
• Needle-Free Closed System Transfer Device

Component

• Devices
• Accessories

Closing Mechanism

• Push-To-Turn Systems
• Color-To-Color Alignment Systems
• Luer-Lock System
• Click-To-Lock Systems

Technology

• Diaphragm-Based Devices
• Compartmentalized Devices
• Air Cleaning/Filtration Devices

End User

• Hospitals
• Oncology Centers & Clinics
• Ambulatory Surgical Centers
• Academic and Research Institutes

Distribution Channel

• Direct Tenders
• Retail Sales

Global Closed System Transfer Devices Market Regional Analysis/Insights

The closed system transfer devices market is analysed and market size insights and trends are provided by country, type, component, closing mechanism, technology, end user, and distribution channel as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., Israel, Egypt, South Africa, rest of Middle East and Africa, Brazil, Argentina and rest of South America.

North America is expected to dominate the closed system transfer devices market due to the increased use of this type as it provides faster and more efficient way of administering vaccines and stringent medical regulations for hazardous drug safety in the region.   

Asia-Pacific is expected to witness significant growth during the forecast period of 2024 to 2031 due to the increase in government initiatives to promote healthcare, the rising health awareness among the people and advanced healthcare infrastructure and research activities related to oncology treatment in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The closed system transfer devices market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the closed system transfer devices market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the closed system transfer devices market.

Competitive Landscape and Global Closed System Transfer Devices  Market Share Analysis

The closed system transfer devices market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the closed system transfer devices market.

Some of the major players operating in the closed system transfer devices market are:

• B. Braun Medical Inc. (U.S.)
• ICU Medical (U.S.)
• BD (U.S.)
• EQUASHIELD (U.S.)
• Simplivia (Israel)
• Corvida Medical (U.S.)
• YUKON MEDICAL (U.S.)
• Caragen Ltd. (Canada)
• Baxter (U.S.)
• JMS North America Corporation (U.S.)
• Vygon (France)
• Epic Medical (U.S.)