Closed System Transfer Devices Market

Closed System Transfer Devices Market by Type (Membrane-to-Membrane, Needleless), Technology (Diaphragm based, Compartmentalized, Filtration), Component, End User (Hospitals & Clinics, Oncology Centers), and Region - Global Forecast to 2026

Report Code: MD 6925 Aug, 2021, by marketsandmarkets.com

[236 Pages Report] The closed system transfer devices (CSTDs) market is projected to reach USD 2,002 million by 2026 from USD 814 million in 2021, at a CAGR of 19.7% during the forecast period. Market growth is largely driven by the harmful effects (lingering role) of cytotoxic drugs, rising incidence of cancer, an increasing number of oncology drug approvals, and improving regulatory guidelines regarding the safe handling of hazardous drugs. However, the high cost of implementation of CSTDs, along with a lack of reimbursement for CSTDs and compliance to regulatory guidelines in developing countries, hampers the adoption of these products in hospitals and oncology centers to a certain extent.

Closed System Transfer Devices Market

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Impact of Covid-19 on Closed System Transfer Device Market

The COVID-19 pandemic is an unprecedented crisis that has significantly strained healthcare providers, facilities, and systems worldwide. The pandemic had a negative impact on the CSTD market. It caused the deferral of millions of elective procedures, resulting in a potential backlog of case volume. This was due to virus containment measures such as nationwide lockdowns and social distancing. Due to this, the average footfall in hospitals decreased drastically, and many hospitals system postponed non-emergency procedures. In contrast, patient health-seeking behavior changed, with diagnosis and treatment becoming a greater concern.

Closed System Transfer Device Market Dynamics:

DRIVERS:  Rising Incidence of Cancer

Cancer prevalence continues to grow at an unprecedented rate due to the growing geriatric population and increasing urbanization, leading to lifestyle changes. According to the WHO, cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020. Based on GLOBOCAN statistics, the International Agency for Research on Cancer (IARC) and WHO have estimated that by 2025, around 19.3 million new cancer cases will occur each year.

Chemotherapy, a widely adopted cancer treatment, uses one or more antineoplastic drugs, which destroy abnormal cells in patients. The use of closed system transfer devices (CSTDs) in conjunction with other safety precautions such as gloves, gowns, masks, and vented preparation hoods is an effective way to increase safety when preparing, transporting, administering, and disposing of hazardous drugs. With the increasing incidence of cancer and increasing adoption of chemotherapy treatments, the demand for CSTDs is expected to increase in the coming years.

The increasing number of oncology drug approvals

Currently, oncology drug development is a prominent area of interest for pharmaceutical companies. Advances in the understanding of cancer biology and therapeutic strategies have resulted in increasing drug applications and approvals. With the increasing number of indications for previously approved oncology drugs, the target patient population is expected to increase, which boosts the uptake of hazardous oncology drugs. Furthermore, new developments in oncology will lead to more treatment options and more safety issues with respect to new medicines. In addition to this, recent advances in clinical drug development, resulting from advances in the molecular understanding of cancer with associated targeted pharmacological interventions and the need to bring effective drugs efficiently, fuel innovation in oncology drug development. With the increasing number of oncology drug approvals, the need to use safety precautions, including CSTDs, is increasing; this is likely to grow the market.

RESTRAINTS: High cost of implementation of CSTDs and lack of reimbursement

A major barrier to the adoption of CSTDs is their high cost. Closed system devices are more expensive than regular syringes; they are also single use, which increases their overall cost. For many small hospitals, these costs can be prohibitive, owing to which most of these facilities do not opt for CSTDs.

Lack of compliance with regulatory guidelines in developing countries

The use of CSTDs for handling hazardous drugs is not mandatory in some European, Asia Pacific, Latin American, Middle Eastern, and African countries. However, in the US, various regulatory bodies have issued guidelines for the safe handling of hazardous drugs and to reduce the potential risks of occupational exposure. However, compliance with these regulations is low. According to a white paper published by ICU Medical, the adoption of CSTDs in US hospitals reached 41% in 2014. Lack of awareness regarding the risks involved with hazardous drug handling is a major factor limiting the adoption of CSTDs. Many regulatory bodies and associations governing pharmacy practitioners require hard evidence in the form of casualties directly related to exposure before issuing any safety mandate. Unfortunately, the risks are subtle, and progress is slow. Often many years in the making, these developments are difficult to tie directly to exposure to hazardous drugs.

OPPORTUNITY: Increasing application of CSTDs in other therapeutic areas

The number of healthcare workers exposed to cytotoxic drugs is on the rise. Cytotoxic drugs are designed to destroy cells that grow rapidly and uncontrolled, preventing their replication or growth. Globally, these drugs are increasingly being used in various healthcare settings, most prominently in cancer treatment. They also treat non-cancerous diseases such as rheumatoid arthritis, multiple sclerosis, psoriasis, and systemic lupus erythematosus.

Various non-cytotoxic drugs used to treat various conditions also fall under the category of hazardous drugs. Examples of non-cytotoxic hazardous drugs include Bacillus of Calmette, the Guerin strain of Mycobacterium Bovis (BCG), and monoclonal antibodies. BCG contains live, attenuated viruses and is associated with a high potential risk of transmission. BCG used in the treatment of neoplastic diseases is a non-cytotoxic, antineoplastic, and immuno-stimulant agent. The Cancer Institute of NSW has recommended using CSTDs or biological safety cabinets to prepare and administer BCG drugs.

These hazardous drugs are used in organ transplantation procedures and the treatment of collagen vascular disorders. Their use in other hospital departments such as immunology, infectious diseases, rheumatology, nephrology, dermatology, obstetrics/gynecology, and radiology is rising.

The number of preparations and administrations of cytotoxic and other hazardous drugs across the globe is continuously growing because of the growing burden of various target diseases owing to the rapidly increasing geriatric population. As various regulatory bodies recommend CSTDs for the safe handling of such hazardous drugs, the increase in the therapeutic applications of these drugs offers potential growth opportunities in the coming years.

CHALLENGES: Gaps with existing CSTDs

Currently available CSTDs in the market do not provide 100% safety to healthcare workers. The existing CSTDs do not have a system to remove hazardous drug residues on the outer surfaces of drug vials when they are received from the manufacturer. Hence, rigorous processes must be in place to ensure that vials are never handled without appropriate personal protective equipment and that vials are properly cleaned before initiating the drug compounding process. In addition, currently available CSTDs have no component that securely transfers the hazardous drug directly from the ampoule to the syringe. Removing the drug from the ampoule requires snapping the ampoule and filtering the contents with a filter straw/needle; this is done in an open environment under a safety cabinet. Once the drug is in the syringe, the CSTD syringe adapter can be added. This entire process can be done in a safety cabinet, but it is not 100% safe. In addition to this, there are no standardized protocols available for testing CSTD performance. However, NIOSH is currently updating the protocols and trying to reduce the gaps with the existing CSTDs.

Low awareness among nurses about CSTDs

Awareness among nurses and pharmacists about the lingering effects of cytotoxic drugs is still relatively low. Nurses, oncologists, and pharmacists are at high risk due to occupational exposure to hazardous drugs. Although the risks are well documented by various scientists and regulatory bodies, the adoption of protective measures is low in hospitals and oncology centers, mainly due to low hospital budgets and additional efforts required for assembly setup.

Many healthcare professionals often do not know about other routes of exposure, specifically when it comes to vapors and aerosols that can escape into the environment. Many believe that other protective measures, such as using personal protective equipment like aprons, gloves, head caps, clean rooms, and biological safety cabinets, are sufficient. The high cost of implementation of CSTDs, along with low awareness about the risks and benefits, poses a significant challenge for companies in this market.

Colour-to-colour alignment system is expected to witness the fastest growth in the forecast period.

Based on the closing mechanism, the market is segmented into Luer-lock systems, color-to-color alignment systems, click-to-lock systems, and push-to-turn systems. In 2020, the Luer-lock systems segment accounted for the highest share of 32.5% of the market. This segment is expected to reach USD 636.8 million by 2026 from USD 264.1 million in 2021, at a CAGR of 19.2%. However, the color-to-color alignment systems segment is expected to grow at the highest rate because of its higher efficiency due to pressure equalization mechanisms and low cost.

Membrane-to-membrane systems is expected to witness the fastest growth in the forecast period.

Based on device type, the market is segmented into membrane-to-membrane systems and needleless systems. In 2020, the membrane-to-membrane systems segment accounted for the largest share of 71.01% of the CSTDs market. This segment is expected to reach USD 1,488.9 million by 2026 from USD 583.1 million in 2021, at a CAGR of 20.6%. The large share and high growth of this segment are attributed to their ease of operation and lower risk of contamination associated with double-membrane containment systems.

Diaphragm-based devices segment accounted for the largest share of closed system transfer devices market in 2020

Based on technology, the CSTDs market is segmented into diaphragm-based devices, compartmentalized devices, and air cleaning/filtration devices. In 2020, the diaphragm-based devices segment accounted for the largest share of 43.63% of the market. This segment is expected to reach USD 829.4 million by 2026 from USD 353.1 million in 2021, at a CAGR of 18.6%. The large share of this segment is mainly due to the ease of operation and safety provided by these devices. The compartmentalized devices segment is expected to grow at the highest CAGR of 23.8% during the forecast period due to their lower cost.

Vial access devices segment accounted for the largest share of closed system transfer devices market in 2020

Based on components, the CSTDs market is segmented into vial access devices, syringe safety devices, bag/line access devices, and accessories. In 2020, the vial access devices segment accounted for the largest share of 33.08% of the market. The large share of this segment is mainly due to the increasing adoption of CSTD products and vial access devices by oncology nurses to transfer hazardous drugs from packaged vials to the infusion bag or the patient.

Hospitals & Clinics accounted for the largest share of closed system transfer devices market in 2020

Based on end users, the market is segmented into hospitals & clinics, oncology centers, and other end users. In 2020, hospitals & clinics accounted for the largest share of 84.41% of the CSTDs market. The large share and high growth of this segment are mainly due to the strong financial capabilities of hospitals for purchasing high-priced CSTDs, the large cancer patient pool, and the need to comply with regulatory guidelines.

North America accounted for the largest share of the closed system transfer devices market in 2020

In 2020, North America accounted for the largest share of the market. The market in North America is characterized by easy accessibility to advanced technologies, high awareness about CSTD among oncologists, nurses, and pharmacists, the presence of many CSTD manufacturing players in this region, and the high incidence and prevalence of cancer. However, the APAC market is expected to witness the highest CAGR of 22.1% during the forecast period. The rising incidence of cancer, increasing demand for better healthcare services in developing economies, and increasing focus of international players on emerging markets such as India and China drive the growth of the Asia Pacific market.
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Closed System Transfer Devices Market  by Region

Key Market Players :

The prominent players in the global market are Becton, Dickinson and Company (US), ICU Medical (US), B. Braun Melsungen (Germany), JMS (Japan), Equashield (US), Simplivia Healthcare (Israel), Corvida Medical (US), Yukon Medical (US), CODAN Medizinische Gerδte (Germany), VICTUS (US), Caragen (US), and Baxter International.

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Scope of the Report

Report Metric

Details

Market Size Available for Years

2019–2026

Base Year Considered

2020

Forecast Period

2021–2026

Forecast Unit

Value (USD Million)

Segments Covered

By Closing Mechanism, Type, Component, Technology, End User and Region

Countries Covered

  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of APAC
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Latin America
  • Middle East and Africa

 

The research report categorizes closed system transfer device market into the following segments and sub-segments:

By Closing Mechanism

  • Push-to-Lock System
  • Click-to-Lock System
  • Luer lock System
  • Color-to-Color alignment System

By Type

  • Membrane-to-Membrane systems
  • Needleless Systems

By Component

  • Vial access devices
  • Syringe safety devices
  • Bag/line access devices
  • Accessories

By Technology

  • Diaphragm-based devices
  • Compartmentalized devices
  • Air cleaning/filtration devices

By Country

  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of APAC
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Latin America
  • Middle East and Africa

Recent Developments:

  • In January 2021, Simplivia Healthcare acquired 70% of Novame.d, a diagnostic company that develops and manufactures a range of diagnostic kits to meet evolving trends of home care.
  • In November 2020, Equashield LLC. partnered with Syntronic Hospitalar to introduce Equashield’s products in Brazil.
  • In May 2021, BD expanded its drug delivery devices segment by establishing a high-tech manufacturing facility in Zaragoza, Spain.
  • In March 2021, Yukon Medical received US FDA clearance for Arisure closed system transfer device (CSTD) under the ONB product classification.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 INCLUSION AND EXCLUSIONS
    1.3 MARKET SCOPE
           FIGURE 1 CLOSED SYSTEM TRANSFER DEVICES MARKET SEGMENTATION
           FIGURE 2 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY REGION
           1.3.1 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
           TABLE 1 STANDARD CURRENCY CONVERSION RATES
    1.5 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA
           FIGURE 3 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 4 PRIMARY SOURCES
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                               FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE AND DEMAND-SIDE PARTICIPANTS
                               FIGURE 6 BREAKDOWN OF PRIMARY INTERVIEWS (SUPPLY-SIDE): BY COMPANY TYPE, DESIGNATION, AND REGION
                               FIGURE 7 BREAKDOWN OF PRIMARY INTERVIEWS (DEMAND-SIDE): BY END USER, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION
           FIGURE 8 SUPPLY-SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS
           FIGURE 9 REVENUE SHARE ANALYSIS ILLUSTRATION
           FIGURE 10 REVENUE ANALYSIS OF THE TOP THREE PUBLIC COMPANIES: CLOSED SYSTEM TRANSFER DEVICES MARKET (2020)
           FIGURE 11 BOTTOM-UP APPROACH
           FIGURE 12 TOP-DOWN APPROACH
           FIGURE 13 CAGR PROJECTIONS FROM THE ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE CLOSED SYSTEM TRANSFER DEVICES MARKET (2021–2026)
           FIGURE 14 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 15 DATA TRIANGULATION METHODOLOGY
    2.4 ASSUMPTIONS FOR THE STUDY
    2.5 LIMITATIONS
           2.5.1 METHODOLOGY-RELATED LIMITATIONS
    2.6 RISK ASSESSMENT
           TABLE 2 RISK ASSESSMENT: CLOSED SYSTEM TRANSFER DEVICES MARKET

3 EXECUTIVE SUMMARY (Page No. - 49)
    FIGURE 16 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2021 VS. 2026 (USD MILLION)
    FIGURE 17 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2021 VS. 2026 (USD MILLION)
    FIGURE 18 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2021 VS. 2026 (USD MILLION)
    FIGURE 19 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2021 VS. 2026 (USD MILLION)
    FIGURE 20 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2021 VS. 2026 (USD MILLION)
    FIGURE 21 GEOGRAPHIC SNAPSHOT: CLOSED SYSTEM TRANSFER DEVICES MARKET

4 PREMIUM INSIGHTS (Page No. - 54)
    4.1 CLOSED SYSTEM TRANSFER DEVICES MARKET OVERVIEW
           FIGURE 22 THE RISING INCIDENCE OF CANCER IS DRIVING THE GROWTH OF THE CLOSED SYSTEM TRANSFER DEVICES MARKET
    4.2 ASIA PACIFIC: CLOSED SYSTEM TRANSFER DEVICES MARKET OVERVIEW
           FIGURE 23 DIAPHRAGM-BASED DEVICES ACCOUNTED FOR THE LARGEST SHARE OF THE APAC CLOSED SYSTEM TRANSFER DEVICES MARKET IN 2020
    4.3 CLOSED SYSTEM TRANSFER DEVICES MARKET: REGIONAL MIX
           FIGURE 24 NORTH AMERICA TO DOMINATE THE MARKET THROUGHOUT THE FORECAST PERIOD
    4.4 CLOSED SYSTEM TRANSFER DEVICES MARKET: GEOGRAPHICAL GROWTH OPPORTUNITIES
           FIGURE 25 CHINA TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
    4.5 CLOSED SYSTEM TRANSFER DEVICES MARKET: DEVELOPING VS. DEVELOPED MARKETS
           FIGURE 26 DEVELOPING MARKETS TO REGISTER HIGHER GROWTH DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 58)
    5.1 INTRODUCTION
           FIGURE 27 CLOSED SYSTEM TRANSFER DEVICES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.1.1 DRIVERS
                    5.1.1.1 Rising incidence of cancer
                               FIGURE 28 GLOBAL CANCER INCIDENCE (2008–2030)
                               TABLE 3 CANCER RATES, BY COUNTRY (2018)
                               TABLE 4 US: NEW CANCER CASES (2017–2020)
                    5.1.1.2 The increasing number of oncology drug approvals
                               TABLE 5 FDA APPROVALS: NOVEL PRESCRIPTION CANCER DRUGS IN 2018
                    5.1.1.3 Increasing use of CSTDs to combat the harmful effects of cytotoxic or antineoplastic drugs
                    5.1.1.4 Growing emphasis on the implementation of occupational health and safety standards
                               TABLE 6 LIST OF NATIONAL/LOCAL REGULATORY BODIES RECOMMENDING THE USE OF CSTDS FOR THE SAFE HANDLING OF HAZARDOUS DRUGS, BY COUNTRY
           5.1.2 RESTRAINTS
                    5.1.2.1 High cost of implementation of CSTDs and lack of reimbursement
                               TABLE 7 AVERAGE ANNUAL COSTS ASSOCIATED WITH THE IMPLEMENTATION OF VARIOUS CSTD SYSTEMS (USD)
                    5.1.2.2 Lack of compliance with regulatory guidelines in developing countries
           5.1.3 OPPORTUNITIES
                    5.1.3.1 Increasing application of CSTDs in other therapeutic areas
                    5.1.3.2 Increasing adoption in emerging economies due to rising healthcare expenditure
           5.1.4 CHALLENGES
                    5.1.4.1 Gaps with existing CSTDs
                               TABLE 8 ISSUES, CHALLENGES, AND POTENTIAL SOLUTIONS REGARDING THE SAFE HANDLING OF HAZARDOUS DRUGS
                    5.1.4.2 Low awareness among nurses about CSTDs
    5.2 PORTER’S FIVE FORCES ANALYSIS
           TABLE 9 CLOSED SYSTEM TRANSFER DEVICES MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.2.1 THREAT OF NEW ENTRANTS
                    5.2.1.1 Growth in the medication delivery and management segment
                    5.2.1.2 Demand for safe drug compounding and handling devices
                    5.2.1.3 Highly concentrated market
                    5.2.1.4 Poor financing environment
                    5.2.1.5 Stringent regulatory environment
           5.2.2 THREAT OF SUBSTITUTES
                    5.2.2.1 Unavailability of potential safe drug handling systems
                    5.2.2.2 Combination and integration of multiple technologies
           5.2.3 BARGAINING POWER OF SUPPLIERS
                    5.2.3.1 Institutional technology providers
                    5.2.3.2 Substantially innovative technologies
                    5.2.3.3 Dysfunctional companies
           5.2.4 BARGAINING POWER OF BUYERS
                    5.2.4.1 Few buyers and many sellers
                    5.2.4.2 Buy-out threat
                    5.2.4.3 Point of differentiation
           5.2.5 INTENSITY OF COMPETITIVE RIVALRY
                    5.2.5.1 Highly concentrated industry
                    5.2.5.2 Similar funding source
    5.3 INDUSTRY TRENDS
           5.3.1 AUTOMATED COMPOUNDING OF HAZARDOUS DRUGS USING ROBOTIC SYSTEMS
           5.3.2 EMERGING TECHNOLOGIES FOR RAPID DETECTION TESTS TO FACILITATE ROUTINE MONITORING AND SAFE HANDLING OF HAZARDOUS DRUGS
    5.4 PRODUCT FEATURES AND PRICING ANALYSIS
           TABLE 10 COMPARATIVE ANALYSIS OF COMMERCIALLY AVAILABLE CSTDS BASED ON PRODUCT FEATURES
    5.5 UTILIZATION/ADOPTION OF CSTDS, BY REGION
           TABLE 11 INTENSITY OF UTILIZATION/ADOPTION OF VARIOUS TYPES OF CSTDS,
    5.6 REGULATORY GUIDELINES
           TABLE 12 STRINGENCY OF REGULATIONS FOR THE ADOPTION OF CSTDS, BY REGION
           5.6.1 USP <800> REGULATIONS
           5.6.2 NATIONAL INSTITUTE FOR OCCUPATIONAL SAFETY AND HEALTH
                    TABLE 13 NIOSH CLASSIFICATION OF HAZARDOUS DRUGS
                    TABLE 14 NIOSH HAZARDOUS DRUG ADMINISTRATION RECOMMENDATIONS AND REQUIREMENTS
           5.6.3 AMERICAN SOCIETY OF HEALTH-SYSTEM PHARMACISTS
                    TABLE 15 NIOSH AND ASHP DEFINITIONS OF HAZARDOUS DRUGS
           5.6.4 INTERNATIONAL SOCIETY OF ONCOLOGY PHARMACY PRACTITIONERS
    5.7 REGULATORY ANALYSIS
    5.8 ECOSYSTEM MAPPING
           FIGURE 29 CLOSED SYSTEM TRANSFER DEVICES MARKET: ECOSYSTEM (2020)
    5.9 VALUE CHAIN ANALYSIS
           FIGURE 30 VALUE CHAIN ANALYSIS: CLOSED SYSTEM TRANSFER DEVICES
    5.10 SUPPLY CHAIN ANALYSIS
           FIGURE 31 SUPPLY CHAIN ANALYSIS: CLOSED SYSTEM TRANSFER DEVICES MARKET
    5.11 PATENT ANALYSIS
           FIGURE 32 PATENT ANALYSIS: CLOSED SYSTEM TRANSFER DEVICES MARKET
    5.12 KEY MARKETS FOR IMPORT AND EXPORT (TRADE ANALYSIS FOR CLOSED SYSTEM TRANSFER DEVICES)
           TABLE 16 IMPORT VALUE OF CLOSED SYSTEM TRANSFER DEVICES FOR TOP 10 COUNTRIES IN 2020
    5.13 COVID-19 IMPACT ANALYSIS
           5.13.1 COVID-19 HEALTH ASSESSMENT
           5.13.2 COVID-19 ECONOMIC ASSESSMENT
           5.13.3 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO
           FIGURE 33 CRITERIA IMPACTING THE GLOBAL ECONOMY
           5.13.4 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO IN THE CLOSED SYSTEM TRANSFER DEVICES MARKET
    5.14 YC-YCC SHIFT
           FIGURE 34 YC-YCC SHIFT IN THE CLOSED SYSTEM TRANSFER DEVICES MARKET

6 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM (Page No. - 87)
    6.1 INTRODUCTION
           TABLE 17 TYPES OF CLOSING MECHANISMS IN THE CURRENTLY AVAILABLE CSTDS
           TABLE 18 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
    6.2 LUER-LOCK SYSTEMS
           6.2.1 LUER-LOCK MECHANISMS REDUCE THE RISK OF EXPOSURE, REQUIRE FEWER COMPONENTS, AND GENERATE LESS BIOHAZARDOUS WASTE—KEY ADVANTAGES DRIVING GROWTH
                    TABLE 19 LUER-LOCK CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
    6.3 PUSH-TO-TURN SYSTEMS
           6.3.1 HIGH ADOPTION OF PHASEAL, A PIONEER IN THE CSTD MARKET— A KEY MARKET DRIVER
                    TABLE 20 PUSH-TO-TURN CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
    6.4 CLICK-TO-LOCK SYSTEMS
           6.4.1 THE USER-FRIENDLY NATURE OF CLICK-TO-LOCK MECHANISMS DRIVES THEIR ADOPTION AMONG END USERS
                    TABLE 21 CLICK-TO-LOCK CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
    6.5 COLOR-TO-COLOR ALIGNMENT SYSTEMS
           6.5.1 LOW SYSTEM COST, ALONG WITH THE ADVANTAGES OFFERED, INCREASES THE ADOPTION OF THESE SYSTEMS AMONG PHARMACISTS, ONCOLOGISTS, AND NURSES
           TABLE 22 COLOR-TO-COLOR ALIGNMENT CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION)

7 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE (Page No. - 93)
    7.1 INTRODUCTION
           TABLE 23 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
    7.2 MEMBRANE-TO-MEMBRANE SYSTEMS
           7.2.1 MEMBRANE-TO-MEMBRANE SYSTEMS PROVIDE A DOUBLE LAYER OF PROTECTION FOR THE SAFE TRANSFER OF HAZARDOUS DRUGS
                    TABLE 24 LEADING MANUFACTURERS OF MEMBRANE-TO-MEMBRANE SYSTEMS
                    TABLE 25 MEMBRANE-TO-MEMBRANE SYSTEMS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
    7.3 NEEDLELESS SYSTEMS
           7.3.1 CHEMOLOCK IS THE FIRST FDA-APPROVED NEEDLELESS CSTD SYSTEM
                    TABLE 26 LEADING MANUFACTURERS OF NEEDLELESS SYSTEMS
                    TABLE 27 NEEDLELESS SYSTEMS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)

8 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT (Page No. - 97)
    8.1 INTRODUCTION
           TABLE 28 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT,2019–2026 (USD MILLION)
    8.2 VIAL ACCESS DEVICES
           8.2.1 INCREASING REGULATORY COMPLIANCE TO DRIVE THE ADOPTION OF VIAL ACCESS DEVICES IN HOSPITALS & ONCOLOGY CENTERS
                    TABLE 29 VIAL ACCESS COMPONENTS FOR CLOSED SYSTEM TRANSFER DEVICES
                    TABLE 30 CLOSED SYSTEM TRANSFER DEVICES MARKET FOR VIAL ACCESS DEVICES, BY COUNTRY, 2019–2026 (USD MILLION)
    8.3 SYRINGE SAFETY DEVICES
           8.3.1 ADVANTAGES SUCH AS EASE OF USE AND LEAK PREVENTION ARE DRIVING THE ADOPTION OF THESE DEVICES GLOBALLY
                    TABLE 31 SYRINGE SAFETY COMPONENTS FOR CLOSED SYSTEM TRANSFER DEVICES
                    TABLE 32 CLOSED SYSTEM TRANSFER DEVICES MARKET FOR SYRINGE SAFETY DEVICES, BY COUNTRY, 2019–2026 (USD MILLION)
    8.4 BAG/LINE ACCESS DEVICES
           8.4.1 HIGH COMPATIBILITY OF BAG/LINE ACCESS DEVICES DRIVES MARKET GROWTH
                    TABLE 33 BAG/LINE ACCESS COMPONENTS FOR CLOSED SYSTEM TRANSFER DEVICES
                    TABLE 34 CLOSED SYSTEM TRANSFER DEVICES MARKET FOR BAG/LINE ACCESS DEVICES, BY COUNTRY, 2019–2026 (USD MILLION)
    8.5 ACCESSORIES
           8.5.1 MAJOR CSTDS REQUIRE DEDICATED ADMINISTRATION SETS, WHICH DRIVES GROWTH IN THE ACCESSORIES MARKET
                    TABLE 35 ACCESSORIES FOR CLOSED SYSTEM TRANSFER DEVICES
                    TABLE 36 CLOSED SYSTEM TRANSFER DEVICES MARKET FOR ACCESSORIES, BY COUNTRY, 2019–2026 (USD MILLION)

9 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY (Page No. - 107)
    9.1 INTRODUCTION
           TABLE 37 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY,2019–2026 (USD MILLION)
    9.2 DIAPHRAGM-BASED DEVICES
           9.2.1 DIAPHRAGM-BASED DEVICES DOMINATE THE CLOSED SYSTEM TRANSFER DEVICES MARKET DUE TO THE EASE OF USE & SAFETY PROVIDED DURING THE HANDLING OF HAZARDOUS DRUGS
                    TABLE 38 DIAPHRAGM-BASED DEVICES AVAILABLE IN THE MARKET
                    TABLE 39 DIAPHRAGM-BASED CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
    9.3 COMPARTMENTALIZED DEVICES
           9.3.1 COMPARTMENTALIZED DEVICES TO WITNESS THE HIGHEST GROWTH IN THE MARKET DURING THE FORECAST PERIOD
                    TABLE 40 COMPARTMENTALIZED DEVICES AVAILABLE IN THE MARKET
                    TABLE 41 COMPARTMENTALIZED CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
    9.4 AIR CLEANING/FILTRATION DEVICES
           9.4.1 AIR CLEANING DEVICES INCORPORATE AN ACTIVATED CARBON OR HYDROPHOBIC FILTER TO HELP REDUCE THE OUTFLOW OF CONTAMINANTS
                    TABLE 42 AIR CLEANING/FILTRATION DEVICES AVAILABLE IN THE MARKET
                    TABLE 43 AIR CLEANING/FILTRATION CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION)

10 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER (Page No. - 112)
     10.1 INTRODUCTION
             TABLE 44 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
     10.2 HOSPITALS & CLINICS
             10.2.1 HOSPITALS FORM THE LARGEST END-USER SEGMENT OF THE CLOSED SYSTEM TRANSFER DEVICES MARKET
                        TABLE 45 CLOSED SYSTEM TRANSFER DEVICES MARKET FOR HOSPITALS & CLINICS, BY COUNTRY, 2019–2026 (USD MILLION)
     10.3 ONCOLOGY CENTERS
             10.3.1 INCREASING REGULATORY MANDATES TO DRIVE THE ADOPTION OF CSTDS IN ONCOLOGY CENTERS & CLINICS
                        TABLE 46 CLOSED SYSTEM TRANSFER DEVICES MARKET FOR ONCOLOGY CENTERS, BY COUNTRY, 2019–2026 (USD MILLION)
     10.4 OTHER END USERS
             TABLE 47 CLOSED SYSTEM TRANSFER DEVICES MARKET FOR OTHER END USERS, BY COUNTRY, 2019–2026 (USD MILLION)

11 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY REGION (Page No. - 117)
     11.1 INTRODUCTION
             FIGURE 35 CLOSED SYSTEM TRANSFER DEVICES MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
             TABLE 48 CLOSED SYSTEM TRANSFER DEVICES MARKET, BY REGION, 2019–2026 (USD MILLION)
     11.2 NORTH AMERICA
             FIGURE 36 NORTH AMERICA: CLOSED SYSTEM TRANSFER DEVICES MARKET SNAPSHOT
             TABLE 49 NORTH AMERICA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
             TABLE 50 NORTH AMERICA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
             TABLE 51 NORTH AMERICA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
             TABLE 52 NORTH AMERICA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2019–2026 (USD MILLION)
             TABLE 53 NORTH AMERICA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
             TABLE 54 NORTH AMERICA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.2.1 US
                        11.2.1.1 US dominates the North American market primarily due to the presence of leading CSTD manufacturing companies & the high burden of cancer
                                     TABLE 55 US: KEY MACROINDICATORS
                                     TABLE 56 US: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
                                     TABLE 57 US: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 58 US: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2019–2026 (USD MILLION)
                                     TABLE 59 US: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 60 US: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.2.2 CANADA
                        11.2.2.1 Increasing prevalence of cancer to drive the growth of the Canadian market
                                     TABLE 61 CANADA: KEY MACROINDICATORS
                                     TABLE 62 CANADA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
                                     TABLE 63 CANADA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 64 CANADA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2019–2026 (USD MILLION)
                                     TABLE 65 CANADA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 66 CANADA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
     11.3 EUROPE
             FIGURE 37 EUROPE: CLOSED SYSTEM TRANSFER DEVICES MARKET SNAPSHOT
             TABLE 67 EUROPE: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
             TABLE 68 EUROPE: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
             TABLE 69 EUROPE: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
             TABLE 70 EUROPE: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2019–2026 (USD MILLION)
             TABLE 71 EUROPE: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
             TABLE 72 EUROPE: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.3.1 GERMANY
                        11.3.1.1 Germany to witness the highest growth in the European market
                                     TABLE 73 GERMANY: KEY MACROINDICATORS
                                     TABLE 74 GERMANY: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
                                     TABLE 75 GERMANY: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 76 GERMANY: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2019–2026 (USD MILLION)
                                     TABLE 77 GERMANY: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 78 GERMANY: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.3.2 UK
                        11.3.2.1 High cost of CSTDs to restrain the market growth
                                     TABLE 79 UK: KEY MACROINDICATORS
                                     TABLE 80 UK: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
                                     TABLE 81 UK: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 82 UK: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2019–2026 (USD MILLION)
                                     TABLE 83 UK: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 84 UK: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.3.3 FRANCE
                        11.3.3.1 High cancer prevalence and the high healthcare expenditure in the country to drive market growth in France
                                     TABLE 85 FRANCE: KEY MACROINDICATORS
                                     TABLE 86 FRANCE: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
                                     TABLE 87 FRANCE: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 88 FRANCE: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2019–2026 (USD MILLION)
                                     TABLE 89 FRANCE: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 90 FRANCE: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.3.4 ITALY
                        11.3.4.1 Increasing geriatric population and the subsequent increase in the prevalence of cancer to drive the market for closed system transfer devices in Italy
                                     TABLE 91 ITALY: KEY MACROINDICATORS
                                     TABLE 92 ITALY: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
                                     TABLE 93 ITALY: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 94 ITALY: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2019–2026 (USD MILLION)
                                     TABLE 95 ITALY: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 96 ITALY: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.3.5 SPAIN
                        11.3.5.1 Lack of specific regulations about CSTDs is restraining the growth of this market
                                     TABLE 97 SPAIN: KEY MACROINDICATORS
                                     TABLE 98 SPAIN: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
                                     TABLE 99 SPAIN: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 100 SPAIN: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2019–2026 (USD MILLION)
                                     TABLE 101 SPAIN: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 102 SPAIN: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.3.6 REST OF EUROPE
                        TABLE 103 ROE: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
                        TABLE 104 ROE: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
                        TABLE 105 ROE: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2019–2026 (USD MILLION)
                        TABLE 106 ROE: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                        TABLE 107 ROE: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
     11.4 ASIA PACIFIC
             FIGURE 38 ASIA PACIFIC: CLOSED SYSTEM TRANSFER DEVICES MARKET SNAPSHOT
             TABLE 108 APAC: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
             TABLE 109 APAC: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
             TABLE 110 APAC: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
             TABLE 111 APAC: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2019–2026 (USD MILLION)
             TABLE 112 APAC: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
             TABLE 113 APAC: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.4.1 JAPAN
                        11.4.1.1 Japan to dominate the APAC CSTDs market
                                     TABLE 114 JAPAN: KEY MACROINDICATORS
                                     TABLE 115 JAPAN: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
                                     TABLE 116 JAPAN: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 117 JAPAN: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2019–2026 (USD MILLION)
                                     TABLE 118 JAPAN: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 119 JAPAN: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.4.2 CHINA
                        11.4.2.1 The large patient pool provides significant growth opportunities in China
                                     TABLE 120 CHINA: KEY MACROINDICATORS
                                     TABLE 121 CHINA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
                                     TABLE 122 CHINA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 123 CHINA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2019–2026 (USD MILLION)
                                     TABLE 124 CHINA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 125 CHINA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.4.3 INDIA
                        11.4.3.1 Low manufacturing costs and skilled workforce are attracting outsourcing and investment to India
                                     TABLE 126 INDIA: KEY MACROINDICATORS
                                     TABLE 127 INDIA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
                                     TABLE 128 INDIA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
                                     TABLE 129 INDIA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2019–2026 (USD MILLION)
                                     TABLE 130 INDIA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                                     TABLE 131 INDIA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.4.4 REST OF APAC
                        TABLE 132 ROAPAC: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
                        TABLE 133 ROAPAC: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
                        TABLE 134 ROAPAC: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2019–2026 (USD MILLION)
                        TABLE 135 ROAPAC: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                        TABLE 136 ROAPAC: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
     11.5 LATIN AMERICA
             11.5.1 RISING CANCER INCIDENCE TO DRIVE MARKET GROWTH IN LATAM
                        TABLE 137 LATIN AMERICA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
                        TABLE 138 LATIN AMERICA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
                        TABLE 139 LATIN AMERICA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2019–2026 (USD MILLION)
                        TABLE 140 LATIN AMERICA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                        TABLE 141 LATIN AMERICA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
     11.6 MIDDLE EAST AND AFRICA
             11.6.1 MEA MARKET TO GROW AT A SLOWER RATE THAN LATIN AMERICA
                        TABLE 142 MIDDLE EAST & AFRICA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY CLOSING MECHANISM, 2019–2026 (USD MILLION)
                        TABLE 143 MIDDLE EAST & AFRICA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
                        TABLE 144 MIDDLE EAST & AFRICA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY COMPONENT, 2019–2026 (USD MILLION)
                        TABLE 145 MIDDLE EAST & AFRICA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
                        TABLE 146 MIDDLE EAST & AFRICA: CLOSED SYSTEM TRANSFER DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 164)
     12.1 OVERVIEW
     12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
             FIGURE 39 OVERVIEW OF STRATEGIES ADOPTED BY MAJOR PLAYERS IN THE CLOSED SYSTEM TRANSFER DEVICE MARKET
     12.3 REVENUE SHARE ANALYSIS
             12.3.1 REVENUE ANALYSIS FOR KEY PLAYERS IN THE CLOSED SYSTEM TRANSFER DEVICES MARKET
                        FIGURE 40 REVENUE ANALYSIS FOR KEY PLAYERS IN THE CLOSED SYSTEM TRANSFER DEVICES MARKET IN THE PAST FIVE YEARS
     12.4 MARKET SHARE ANALYSIS
             12.4.1 CLOSED SYSTEM TRANSFER DEVICES MARKET (2020)
                        FIGURE 41 SHARE OF LEADING COMPANIES IN THE GLOBAL CLOSED SYSTEM TRANSFER DEVICES MARKET (2020)
                        TABLE 147 CLOSED SYSTEM TRANSFER DEVICES MARKET: DEGREE OF COMPETITION
     12.5 R&D ASSESSMENT OF KEY PLAYERS
     12.6 GEOGRAPHIC REVENUE ASSESSMENT OF KEY PLAYERS
     12.7 COMPANY EVALUATION QUADRANT
             12.7.1 COMPANY EVALUATION QUADRANT: CLOSED SYSTEM TRANSFER DEVICES MARKET
                        12.7.1.1 Stars
                        12.7.1.2 Pervasive players
                        12.7.1.3 Emerging leaders
                        12.7.1.4 Participants
                                     FIGURE 42 CLOSED SYSTEM TRANSFER DEVICES MARKET: COMPANY EVALUATION MATRIX, 2020
     12.8 COMPETITIVE BENCHMARKING
             12.8.1 OVERALL COMPANY FOOTPRINT
                        TABLE 148 OVERALL COMPANY FOOTPRINT (20 COMPANIES)
                        TABLE 149 COMPANY FOOTPRINT: BY CLOSING MECHANISM (20 COMPANIES)
                        TABLE 150 COMPANY FOOTPRINT: BY TYPE (20 COMPANIES)
                        TABLE 151 COMPANY FOOTPRINT: BY COMPONENT (20 COMPANIES)
                        TABLE 152 COMPANY FOOTPRINT: BY TECHNOLOGY (20 COMPANIES)
                        TABLE 153 COMPANY FOOTPRINT: BY END USER (20 COMPANIES)
                        TABLE 154 COMPANY FOOTPRINT: BY REGION (20 COMPANIES)
     12.9 COMPETITIVE SITUATIONS AND TRENDS
             12.9.1 PRODUCT LAUNCHES & APPROVALS
                        TABLE 155 PRODUCT LAUNCHES & APPROVALS (2018–MAY 2021)
             12.9.2 DEALS
                        TABLE 156 DEALS (2018–MAY 2021)
             12.9.3 OTHER DEVELOPMENTS
                        TABLE 157 OTHER DEVELOPMENTS (2018–MAY 2021)

13 COMPANY PROFILES (Page No. - 181)
     13.1 KEY PLAYERS
     (Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)* 
             13.1.1 BECTON, DICKINSON AND COMPANY
           TABLE 158 BD: BUSINESS OVERVIEW
           FIGURE 43 BD: COMPANY SNAPSHOT
             13.1.2 ICU MEDICAL
           TABLE 159 ICU MEDICAL: BUSINESS OVERVIEW
           FIGURE 44 ICU MEDICAL: COMPANY SNAPSHOT
             13.1.3 EQUASHIELD
           TABLE 160 EQUASHIELD: BUSINESS OVERVIEW
             13.1.4 B. BRAUN MELSUNGEN
           TABLE 161 B. BRAUN MELSUNGEN: BUSINESS OVERVIEW
           FIGURE 45 B. BRAUN MELSUNGEN AG: COMPANY SNAPSHOT
             13.1.5 JMS
           TABLE 162 JMS: BUSINESS OVERVIEW
           FIGURE 46 JMS: COMPANY SNAPSHOT
             13.1.6 BAXTER INTERNATIONAL
           TABLE 163 BAXTER INTERNATIONAL.: BUSINESS OVERVIEW
           FIGURE 47 BAXTER INTERNATIONAL: COMPANY SNAPSHOT
             13.1.7 SIMPLIVIA HEALTHCARE
           TABLE 164 SIMPLIVIA HEALTHCARE: BUSINESS OVERVIEW
             13.1.8 CORVIDA MEDICAL
           TABLE 165 CORVIDA MEDICAL: BUSINESS OVERVIEW
             13.1.9 YUKON MEDICAL
           TABLE 166 YUKON MEDICAL: BUSINESS OVERVIEW
             13.1.10 CODAN MEDIZINISCHE GERΔTE
           TABLE 167 CODAN MEDIZINISCHE GERΔTE: BUSINESS OVERVIEW
             13.1.11 VICTUS
           TABLE 168 VICTUS: BUSINESS OVERVIEW
             13.1.12 CARAGEN
           TABLE 169 CARAGEN: BUSINESS OVERVIEW
     13.2 OTHER PLAYERS
             13.2.1 WEST PHARMACEUTICALS SERVICES
           TABLE 170 WEST PHARMACEUTICALS SERVICES: BUSINESS OVERVIEW
           FIGURE 48 WEST PHARMACEUTICAL SERVICES: COMPANY SNAPSHOT (2020)
             13.2.2 VYGON SA
           TABLE 171 VYGON: BUSINESS OVERVIEW
             13.2.3 PRACTIVET
           TABLE 172 PRACTIVET: BUSINESS OVERVIEW
             13.2.4 CORNING INCORPORATED
           TABLE 173 CORNING INCORPORATED: BUSINESS OVERVIEW
           FIGURE 49 CORNING INCORPORATED: COMPANY SNAPSHOT (2020)
             13.2.5 TERUMO CORPORATION
           TABLE 174 TERUMO CORPORATION: BUSINESS OVERVIEW
           FIGURE 50 TERUMO CORPORATION: COMPANY SNAPSHOT
             13.2.6 CARDINAL HEALTH
           TABLE 175 CARDINAL HEALTH: BUSINESS OVERVIEW
           FIGURE 51 CARDINAL HEALTH: COMPANY SNAPSHOT
             13.2.7 ERASER MEDICAL
           TABLE 176 ERASER MEDICAL: BUSINESS OVERVIEW
             13.2.8 INSUNG MEDICAL
           TABLE 177 INSUNG MEDICAL: BUSINESS OVERVIEW
             13.2.9 NEEDLELESS CORPORATION
             13.2.10 ADVCARE MEDICAL
             13.2.11 ELCAM MEDICAL
             13.2.12 EPIC MEDICAL
             13.2.13 EDGE PHARMA
     *Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies. 

14 APPENDIX (Page No. - 229)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

This study involved four major activities in estimating the current closed system transfer device market size. Extensive research was conducted to collect information on the market as well as its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the value market. After that, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

This research study involved widespread secondary sources; directories; databases such as Bloomberg Businessweek and Factiva, white papers; annual reports; company house documents; investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for this extensive, technical, market-oriented, and commercial study of the closed system transfer devices market. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

Primary Research

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include CEOs, vice presidents, marketing and sales directors, marketing managers, regional/area sales managers, product managers, distributors, business development managers, technology and innovation directors of manufacturers, KOLs, and suppliers and distributors, whereas, the primary sources from the demand side include industry experts such as directors of hospitals and oncology centers/clinics, contract manufacturing organizations, nurses, pharmacists, and related key executives.

A breakdown of the primary respondents for closed system transfer device market (supply side) market is provided below:

Closed System Transfer Devices Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The total size of the medical device contract manufacturing market was arrived at after data triangulation from three different approaches, as mentioned below.

Bottom-up Approach: The global market size for CSTDs was arrived at using the revenue share analysis of leading players in this market. Wherever feasible, the revenue share analysis was also employed to arrive at segmental market sizes by identifying leading players in respective product categories. For this purpose, major players in the market were identified through secondary research, and their revenues from the CSTDs business were determined through various insights gathered during the primary and secondary research.

Top-down approach: Individual shares of each segment were arrived at by assigning weightage based on their utilization rate and average selling price. The regional splits of the overall closed system transfer devices market and its subsegments are based on the adoption or utilization rates of the given products based on the availability of a product, the number of available products, and regulatory guidelines in respective regions or countries. For countries with limited availability of reliable and recent data, analogy/benchmarking-based market estimation and forecast technique was used.

Geographic Market Assessment: The geographic assessment was undertaken using the following approaches:

APPROACH 1: Geographic revenue contributions/splits of leading players in the market (wherever available), and respective growth trends

APPROACH 2: Geographic adoption trends for individual service offering segments and growth prospects for each of the segments (assumptions and indicative estimates validated from primary interviews).

Data Triangulation

After arriving at the market size, the total closed system transfer devices market was divided into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments & subsegments, data triangulation, and market breakdown procedures were employed, wherever applicable.

Approach to calculate the revenue of different players in the closed system transfer devices market

The size of the closed system transfer devices market was obtained from annual reports, SEC filings, online publications, and extensive primary interviews. A percentage split was applied to arrive at the size of market segments. Further splits were applied to arrive at the size for each sub-segment. Primary participants validated these percentage splits. The country-level market sizes obtained from the annual reports, SEC filings, online publications, and extensive primary interviews were added up to reach the total market size for regions. By adding up the market sizes for all the countries, the closed system transfer devices market was derived.

Approach to derive the market size and estimate market growth

The market size and market growth were estimated through primary interviews on a regional and global level. All responses were collated, and a weighted average was taken to derive a probabilistic estimate of the market size and growth rate.

Objectives of the Study

  • To define, describe, and forecast the closed system transfer devices market based on type, component, closing mechanism, technology, end user, and region
  • To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To forecast the size of the key regions in the closed system transfer devices market—North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To profile key players in the closed system transfer devices market and comprehensively analyze their core competencies2
  • To track and analyze competitive developments such as product launches and approvals; acquisitions; expansions; and partnerships & agreements of the leading players in the closed system transfer devices market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the present report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolios of each company

Geographic Analysis

  • Further breakdown of the RoAPAC market into Australia, New Zealand, and others
  • Further breakdown of the Latin American market into Brazil, Mexico, and the Rest of Latin America

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)
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