Closed System Transfer Devices (CSTD) Market Segmentation by Product Type (Membrane-to-Membrane, and Needleless Systems); by Component (Vial Access, Syringe Safety, and Bag/Line Access Devices, and Others); by Closing Mechanism (Push-to-Lock, Click-to-Lock, Luer Lock, and Color-to-Color Alignment System); by Technology (Diaphragm-Based, Compartmentalized, and Air Cleaning/Filtration Devices); and by End-User (Hospitals, Oncology Centers & Clinics, and Others)-Global Demand Analysis & Opportunity Outlook 2022-2031

  • Product Code:
    RP-ID-10352374
  • Published Date:
    9 Mar 2022
  • Region:
    Global
  • Pages:
    222
  • Category:
    Healthcare & Pharmaceuticals
  • Publisher:
    Pub-ID-54

Impact Analysis on the Growth of Market

Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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The Research Report is Updated with 2021 Base Year, 2022 Estimated year and Forecast till 2031 with Market Insights.


With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2021 as base year, 2022 as estimated year and forecast to 2031. This will have market drivers, recovery rate in the market, insights and competitive analysis.



Market Overview:

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Global Closed System Transfer Devices (CSTD) Market Highlights Over 2022 - 2031

The global closed system transfer devices (CSTD) market is estimated to garner a revenue of USD 3329.59 Million by the end of 2030 by growing at a CAGR of 16.37% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market generated a revenue of USD 735.89 Million. The growth of the market can be attributed primarily to the rising incidences of cancer globally and the growing demand for chemotherapy treatments. According to the statistics by the World Health Organization (WHO), in the year 2020, around 10 Million deaths were registered due to cancer. Closed system transfer device (CSTD) is a drug transfer device which are mainly used in chemotherapy treatments. It has been noticed that chemotherapy drugs usually are hazardous to healthcare workers. These devices mechanically prohibit surface contamination during chemotherapy treatment and therefore provides enhanced safety to the healthcare personnel as well as to the patient and their families.

 

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The growth of the global closed system transfer devices (CSTD) market can also be attributed to the rising number of oncology drug approvals and the surge in awareness amongst healthcare professionals regarding the hazardous nature of chemotherapy drugs. According to the statistics by the Center for Drug Evaluation and Research (CDER) of the United States Food and Drug Administration (FDA), during the period 2012 and 2021, an average of 43 novel drug approvals per year had been registered. Moreover, a total of 50 novel drug approvals were registered in the year 2021. In addition to this, the statistics also stated that in the same year, CDER approved 4 new therapies for non-small cell lung cancer. The market growth can also be attributed to the rising adoption of automated drug compounding robots, surge in application of closed system transfer devices in various therapeutic areas, rising product development, and the surge in healthcare expenditure worldwide.

Global Closed System Transfer Devices (CSTD) Market Regional Synopsis

Regionally, the global closed system transfer devices (CSTD) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America is anticipated to garner the largest revenue of USD 1170.35 Million by the end of 2030, up from a revenue of USD 260.21 Million in the year 2020. The growth of the market in the region can primarily be attributed to the increasing stringent government regulations for following safety protocols during the delivery of chemotherapy drugs to cancer patients, rising awareness for the hazardous nature of these drugs among the healthcare professionals, and the increasing cases of cancer in the region. According to the statistics by the National Cancer Institute, in the year 2020, it was estimated that 1806590 new cases of cancer would be diagnoses in the United States. Additionally, due to the disease, a total of 606520 people were estimated to die in the same year.

On the other hand, the market in Europe is anticipated to garner the second-largest revenue of USD 1065.80 Million by the end of 2030 and further grow with a CAGR of 16.09% during the forecast period. The market in the region is further segmented by country into Germany, the United Kingdom, Italy, France, Spain, Russia, Netherlands, and the Rest of Europe. The market in Germany is anticipated to garner the largest revenue of USD 241.83 Million by the end of 2030, up from a revenue of USD 52.76 Million in the year 2020.

Growth Drivers and Challenges Impacting the Growth of the Global Closed System Transfer Devices (CSTD) Market

Growth Drivers

  • Growing Incidence of Cancer

  • Rising Number of Oncology Drug Approvals

  • Increasing Awareness for the Hazardous Nature of Chemotherapy Drugs Among Healthcare Professionals

Challenges

        •    Lack of Uniform Technical Regulations

Global Closed System Transfer Devices (CSTD) Market Segmentation Synopsis

The global closed system transfer devices (CSTD) market is segmented on the basis of product type into membrane-to-membrane systems, and needleless systems, out of which, the membrane-to-membrane systems segment is anticipated to garner the largest revenue by the end of 2030 and grow with a CAGR of 15.91% during the forecast period. By component, the market is further segmented into vial access devices, syringe safety devices, bag/line access devices, and others. Out of these, the vial access devices segment is anticipated to garner the largest revenue of USD 1169.75 Million by the end of 2030, up from a revenue of USD 261.20 Million in the year 2020. By closing mechanism, the market is segmented into the push-to-lock system, click-to-lock system, Luer lock system, and color-to-color alignment system. Out of these, the push-to-lock system segment is expected to grow with a CAGR of 16.09% during the forecast period and attain a revenue of USD 1186.79 Million by the end of 2030. On the basis of technology, the market is segmented into diaphragm-based devices, compartmentalized devices, and air cleaning/filtration devices. Out of these, the diaphragm-based devices segment is anticipated to garner the largest revenue of USD 1596.88 Million by the end of 2030, up from a revenue of USD 358.07 Million in the year 2020. By end-user, the market is segmented into hospitals, oncology centers & clinics, and others. Out of these, the hospitals segment generated the largest revenue of USD 551.27 Million in the year 2020 and is further expected to touch USD 2550.61 Million by the end of 2030.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global closed system transfer devices (CSTD) market that are included in our report are Becton, Dickinson and Company, Yukon Medical, LLC, Caragen Ltd., ICU Medical, Inc., Vygon, JMS North America Corporation, CODAN Companies, Corvida Medical, EquashieldMedical Ltd., and others.

Latest Developments in the Global Closed System Transfer Devices (CSTD) Market:

  • April 7th, 2021: Simplivia Healthcare Ltd. announced that it has launched its newest CSTD named Chemfort at the European Association of Hospital Pharmacists (EAHP) Congress 2021. The product, which was recently awarded the U.S. FDA product code ONB provides enhanced usability and incorporates the Toxi-Guard patent technology of the company.

  • November 8th, 2021: Corvida Medical announced that it has signed an exclusive distribution agreement with the global healthcare company, Fresenius Kabi for the exclusive distributorship of the HALO closed system drug transfer device (CSTD) in the United States.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

  • The report includes detailed company profiles of the major players dominating the market.

  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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FREQUENTLY ASKED QUESTIONS

1.      Market Definition and Segmentation

1.1.  Market Definition

1.2.Market Segmentation

2.     Assumptions and Acronyms

3.     Research Methodology

3.1. Research Process

3.2.                     Primary Research

3.3.                     Secondary Research

4.    Executive Summary – Global Closed Systems Transfer Devices Market

5.     Analysis of Market Dynamics

5.1. Market Drivers

5.2.                     Market Trends

6.    Key Market Opportunities

7.     Major Roadblocks for the Market Growth

8.    Regulatory Landscape

9.    Industry Risk Analysis

10.            Pricing Analysis of Closed System Transfer Devices

11.  Value Chain Analysis

12. Impact of COVID-19 on the Closed System Transfer Devices Market

13. Analysis of Global Cancer Cases

14.Competitive Positioning

15. Competitive Landscape

15.1.                  Market Share Analysis 2021

15.2.                 Competitive Benchmarking

15.3.                 Company Profiles

15.3.1.                       Becton, Dickinson and Company

15.3.1.1.    Detailed Overview

15.3.1.2.   Assessment of Key Offering

15.3.1.3.   Predictive Strategies & Positioning vs. Current Positioning

15.3.1.4.   Analysis of Growth Strategies

15.3.1.5.   Exhaustive Analysis on Key Financial Indicators

15.3.1.6.   Recent Developments

15.3.2.                     Yukon Medical, LLC

15.3.3.                     Caragen Ltd.

15.3.4.                     ICU Medical, Inc.

15.3.5.                      Vygon

15.3.6.                     JMS North America Corporation

15.3.7.                      CODAN Companies

15.3.8.                     Corvida Medical

15.3.9.                     Simplivia Healthcare Ltd.

15.3.10.                 EquashieldMedical Ltd.

16.Global Closed System Transfer Devices (CSTD) Market

16.1.                  Market Overview

16.2.                 Market by Value (USD Million)

16.3.                 Market Segmentation

16.3.1.                      By Product Type

16.3.1.1.    Membrane-to-Membrane Systems, 2020-2030F (USD Million)

16.3.1.2.  Needleless Systems, 2020-2030F (USD Million)

16.3.2.                     By Component

16.3.2.1.  Vial Access Devices, 2020-2030F (USD Million)

16.3.2.2. Syringe Safety Devices, 2020-2030F (USD Million)

16.3.2.3. Bag/Line Access Devices, 2020-2030F (USD Million)

16.3.2.4. Others, 2020-2030F (USD Million)

16.3.3.                     By Closing Mechanism

16.3.3.1.   Push-to-Lock System, 2020-2030F (USD Million)

16.3.3.2. Click-to-Lock System, 2020-2030F (USD Million)

16.3.3.3. Luer Lock System, 2020-2030F (USD Million)

16.3.3.4. Color-to-Color Alignment System, 2020-2030F (USD Million)

16.3.4.                     By Technology

16.3.4.1.  Diaphragm-Based Devices, 2020-2030F (USD Million)

16.3.4.2. Compartmentalized Devices, 2020-2030F (USD Million)

16.3.4.3. Air Cleaning/Filtration Devices, 2020-2030F (USD Million)

16.3.5.                     By End-User

16.3.5.1.   Hospitals, 2020-2030F (USD Million)

16.3.5.2.  Oncology Centers & Clinics, 2020-2030F (USD Million)

16.3.5.3.  Others, 2020-2030F (USD Million)

16.3.6.                     By Region

16.3.6.1.  North America, 2020-2030F (USD Million)

16.3.6.2. Europe, 2020-2030F (USD Million)

16.3.6.3. Asia Pacific, 2020-2030F (USD Million)

16.3.6.4. Latin America, 2020-2030F (USD Million)

16.3.6.5. Middle East & Africa, 2020-2030F (USD Million)

17. North America Closed System Transfer Devices (CSTD) Market

17.1.                  Market Overview

17.2.                 Market by Value (USD Million)

17.3.                 Market Segmentation

17.3.1.                       By Product Type

17.3.1.1.    Membrane-to-Membrane Systems, 2020-2030F (USD Million)

17.3.1.2.   Needleless Systems, 2020-2030F (USD Million)

17.3.2.                      By Component

17.3.2.1.   Vial Access Devices, 2020-2030F (USD Million)

17.3.2.2.  Syringe Safety Devices, 2020-2030F (USD Million)

17.3.2.3.  Bag/Line Access Devices, 2020-2030F (USD Million)

17.3.2.4.  Others, 2020-2030F (USD Million)

17.3.3.                      By Closing Mechanism

17.3.3.1.   Push-to-Lock System, 2020-2030F (USD Million)

17.3.3.2.  Click-to-Lock System, 2020-2030F (USD Million)

17.3.3.3.  Luer Lock System, 2020-2030F (USD Million)

17.3.3.4.  Color-to-Color Alignment System, 2020-2030F (USD Million)

17.3.4.                      By Technology

17.3.4.1.   Diaphragm-Based Devices, 2020-2030F (USD Million)

17.3.4.2.  Compartmentalized Devices, 2020-2030F (USD Million)

17.3.4.3.  Air Cleaning/Filtration Devices, 2020-2030F (USD Million)

17.3.5.                      By End-User

17.3.5.1.   Hospitals, 2020-2030F (USD Million)

17.3.5.2.  Oncology Centers & Clinics, 2020-2030F (USD Million)

17.3.5.3.  Others, 2020-2030F (USD Million)

17.3.6.                      By Country

17.3.6.1.   United States, 2020-2030F (USD Million)

17.3.6.2.  Canada, 2020-2030F (USD Million)

18.            Europe Closed System Transfer Devices (CSTD) Market

18.1.                  Market Overview

18.2.                Market by Value (USD Million)

18.3.                Market Segmentation

18.3.1.                      By Product Type

18.3.2.                     By Component

18.3.3.                     By Closing Mechanism

18.3.4.                     By Technology

18.3.5.                     By End-User

18.3.6.                     By Country

18.3.6.1.  United Kingdom, 2020-2030F (USD Million)

18.3.6.2. Germany, 2020-2030F (USD Million)

18.3.6.3. Italy, 2020-2030F (USD Million)

18.3.6.4. France, 2020-2030F (USD Million)

18.3.6.5. Spain, 2020-2030F (USD Million)

18.3.6.6. Russia, 2020-2030F (USD Million)

18.3.6.7. Netherlands, 2020-2030F (USD Million)

18.3.6.8. Rest of Europe, 2020-2030F (USD Million)

19.Asia Pacific Closed System Transfer Devices (CSTD) Market

19.1.                  Market Overview

19.2.                 Market by Value (USD Million)

19.3.                 Market Segmentation

19.3.1.                      By Product Type

19.3.2.                     By Component

19.3.3.                     By Closing Mechanism

19.3.4.                     By Technology

19.3.5.                     By End-User

19.3.6.                     By Country

19.3.6.1.  Australia, 2020-2030F (USD Million)

19.3.6.2. Japan, 2020-2030F (USD Million)

19.3.6.3. Singapore, 2020-2030F (USD Million)

19.3.6.4. South Korea, 2020-2030F (USD Million)

19.3.6.5. India, 2020-2030F (USD Million)

19.3.6.6. China, 2020-2030F (USD Million)

19.3.6.7.  Rest of Asia Pacific, 2020-2030F (USD Million)

20.           Latin America Closed System Transfer Devices (CSTD) Market

20.1.                Market Overview

20.2.               Market by Value (USD Million)

20.3.               Market Segmentation

20.3.1.                     By Product Type

20.3.2.                   By Component

20.3.3.                   By Closing Mechanism

20.3.4.                   By Technology

20.3.5.                    By End-User

20.3.6.                   By Country

20.3.6.1. Brazil, 2020-2030F (USD Million)

20.3.6.2.                        Argentina, 2020-2030F (USD Million)

20.3.6.3.                        Mexico, 2020-2030F (USD Million)

20.3.6.4.                       Rest of Latin America, 2020-2030F (USD Million)

21. Middle East & Africa Closed System Transfer Devices (CSTD) Market

21.1.                  Market Overview

21.2.                 Market by Value (USD Million)

21.3.                 Market Segmentation

21.3.1.                      By Product Type

21.3.2.                     By Component

21.3.3.                     By Closing Mechanism

21.3.4.                     By Technology

21.3.5.                     By End-User

21.3.6.                     By Country

21.3.6.1.  GCC, 2020-2030F (USD Million)

21.3.6.2. Israel, 2020-2030F (USD Million)

21.3.6.3. South Africa, 2020-2030F (USD Million)

21.3.6.4. Rest of Middle East & Africa, 2020-2030F (USD Million)

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  1. Becton, Dickinson, and Company
  2. Yukon Medical, LLC
  3. Caragen Ltd.
  4. ICU Medical, Inc.
  5. Vygon
  6. JMS North America Corporation
  7. CODAN Companies
  8. Corvida Medical
  9. Simplivia Healthcare Ltd.
  10. EquashieldMedical Ltd.
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