North America Closed System Transfer Devices Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 532.47 Million |
 Market Size (Forecast Year) |
USD 2,184.84 Million |
 CAGR |
% |
| Major Markets Players |
|
North America Closed System Transfer Devices Market, By Type (Membrane-To Membrane Systems and Needle-Free Closed System Transfer Device), Component (Devices and Accessories), Closing Mechanism (Push-To-Turn Systems, Color-To-Color Alignment Systems, Luer-Lock System, and Click-To-Lock Systems), Technology (Diaphragm-Based Devices, Compartmentalized Devices, and Air Cleaning/Filtration Devices), End User (Hospitals, Oncology Centers & Clinics, Ambulatory Surgical Centers, Academic, and Research Institutes), Distribution Channel (Direct Tender and Retail Sales) – Industry Trends and Forecast to 2031.
North America Closed System Transfer Devices Market Analysis and Size
The North America closed system transfer devices (CSTD) market is witnessing significant growth due to several factors. One of the primary drivers is the increasing focus on the safety of healthcare workers and patients during the handling and administration of hazardous drugs. With the rising incidence of cancer and the growing use of chemotherapy, there is a greater need for effective measures to prevent exposure to these drugs. CSTDs provide a closed system for drug transfer, reducing the risk of contamination and exposure. Another factor driving market growth is the expansion of healthcare facilities and the rise of home healthcare services. As more locations and personnel are involved in administering hazardous drugs, there is a higher demand for standardized approaches to drug administration, which CSTDs provide.
North America closed system transfer devices market size was valued at USD 532.47 million in 2023 and is projected to reach USD 2184.84 million by 2031, with a CAGR of 19.3% during the forecast period of 2024 to 2031. 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
|
Report Metric |
Details |
|
Forecast Period |
2024 to 2031 |
|
Base Year |
2023 |
|
Historic Years |
2022 (Customizable to 2016-2021) |
|
Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
|
Segments Covered |
Type (Membrane-To Membrane Systems and Needle-Free Closed System Transfer Device), Component (Devices and Accessories), Closing Mechanism (Push-To-Turn Systems, Color-To-Color Alignment Systems, Luer-Lock System, and Click-To-Lock Systems), Technology (Diaphragm-Based Devices, Compartmentalized Devices, and Air Cleaning/Filtration Devices), End User (Hospitals, Oncology Centers & Clinics, Ambulatory Surgical Centers, Academic, and Research Institutes), Distribution Channel (Direct Tender and Retail Sales) |
|
Countries Covered |
U.S., Canada, Mexico |
|
Market Players Covered |
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.) |
|
Market Opportunities |
|
Market Definition
A closed system transfer device (CSTD) is a medical device designed to prevent environmental contamination and the escape of hazardous drugs or vapors. It mechanically prohibits the transfer of contaminants in medical systems, maintaining the sterility of the fluid pathway. CSTDs work by controlling the inflow and outflow of contaminants and drugs, ensuring the quality of the solution to be infused into a patient. These devices are crucial for ensuring the safety of healthcare workers when handling hazardous drugs or chemicals.
Closed System Transfer Devices Market Dynamics
Drivers
- Increasing Cancer Incidence
With chemotherapy being a common treatment for cancer, the need for safe and efficient drug administration is paramount. CSTDs provide a closed system for drug transfer, reducing the risk of exposure to hazardous drugs for healthcare workers and patients. As healthcare providers and pharmaceutical companies prioritize safety in chemotherapy administration, the demand for CSTDs is expected to rise steadily. The rise in cancer is a key driver for the increasing demand for closed system transfer devices (CSTDs).
- Expansion of Healthcare Facilities
As healthcare services extend beyond traditional hospital settings, more locations and personnel are involved in administering hazardous drugs. CSTDs provide a standardized approach to drug administration, ensuring safety and reducing the risk of exposure. This expansion of healthcare facilities and services is expected to further fuel the adoption of CSTDs. The expansion of healthcare facilities, coupled with the growth of home healthcare services, is driving the adoption of CSTDs.
Opportunities
- Collaboration with Pharmaceutical Companies
Collaborating with pharmaceutical manufacturers to develop specialized CSTDs for specific drugs presents significant opportunities for CSTD manufacturers. By customizing solutions for specific drugs, CSTD manufacturers can address the unique needs of different medications, enhancing safety and efficiency in closed system drug transfer devices. This collaboration can also lead to the development of innovative CSTDs, driving market growth and differentiation in the competitive landscape.
- Market Expansion of CSTD
The CSTD market is poised for expansion as healthcare providers, pharmaceutical companies, and compounding pharmacies seek to enhance safety measures in the handling and administration of hazardous drugs. With an increasing focus on patient and healthcare worker safety, the demand for CSTDs is expected to grow. This market expansion presents opportunities for CSTD manufacturers to tap into new customer segments and expand their market presence.
Restraints/Challenges
- High Initial Costs
The implementation of CSTDs often involves significant upfront costs for healthcare facilities, including device purchase, training, and infrastructure changes. These costs can be a barrier to adoption, particularly for smaller providers with limited budgets. However, the long-term benefits of CSTDs, such as improved safety and reduced risk of exposure to hazardous drugs, outweigh the initial costs, making them a worthwhile investment for healthcare facilities.
- Resistance to Change
Healthcare systems can be resistant to adopting new technologies and safety measures, including CSTDs, due to concerns about workflow disruption, staff training needs, and cost implications. This resistance can pose a challenge to closed system drug transfer device market growth, as healthcare providers may be hesitant to invest in new systems and processes.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In May 2022, Pulse NeedleFree Systems introduced a disposable line of needle-free livestock vaccination devices. These products leverage the advantages of needle-free technology while providing plug-and-play operational simplicity, all at a cost similar to traditional syringes and needles
- In February 2022, Zydus Cadila started supplying its needle-free anti-Covid vaccine, ZyCoV-D, to the Indian government
Closed System Transfer Devices Market Scope
The 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 analyze 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
Closed System Transfer Devices Market Regional Analysis/Insights
The market is analyzed 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 are the U.S., Canada, and Mexico.
The U.S. is expected to dominate and expected to witness significant growth due to its stringent medical regulations designed to ensure the safety of healthcare workers and patients when handling hazardous drugs. These rigorous safety standards mandate the use of advanced protective measures, including CSTDs, to prevent exposure to harmful substances. Consequently, the demand for CSTDs in the U.S. is significantly higher compared to other regions. The regulatory environment not only fosters the adoption of these devices but also drives innovation and compliance among manufacturers.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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, 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 market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the market. The data is available for historic period 2016-2021.
Competitive Landscape and Closed System Transfer Devices Market Share Analysis
The market competitive landscape provides details by competitor. 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 market.
Some of the major players operating in the 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.)
SKU-
Get online access to the report on the World's First Market Intelligence Cloud
- Interactive Data Analysis Dashboard
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
- Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated 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 drop down your inquiry.
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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
