Closed System Transfer Devices Market by Type (Membrane-to-Membrane, Needleless), Technology, Component (Vial Access Device, Male luer, Bag Spike, Female Component), End User (Hospitals & Clinics, Oncology Center) & Region - Global Forecast to 2029
The global closed system transfer devices market in terms of revenue was estimated to be worth $1.1 billion in 2024 and is poised to reach $2.5 billion by 2029, growing at a CAGR of 14.5% from 2024 to 2029. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. Closed System Transfer Devices (CSTDs) are specialized tools designed to ensure the safe handling of hazardous drugs, particularly in healthcare settings such as pharmacies and hospitals. They provide a closed environment for the transfer of medications, preventing exposure to harmful substances for healthcare workers and reducing the risk of contamination.
The market for CSTDs has been steadily growing due to increasing awareness of the risks associated with handling hazardous drugs and the need for stringent safety measures in healthcare facilities. Factors such as stringent regulations, growing concerns about worker safety, and an increasing number of cancer cases driving chemotherapy drug usage contribute to the market's expansion.
In this report, the closed system transfer devices market is segmented into – closing mechanism, type, component, technology, end user, and region
Attractive Opportunities in the Closed System Transfer Devices Industry
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Closed System Transfer Device Market Dynamics
Driver: Increased Awareness of Occupational Hazards
The growing awareness of the occupational hazards associated with handling hazardous drugs in healthcare settings is a significant driver for the CSTD market. Healthcare organizations are increasingly recognizing the risks posed to healthcare workers, including exposure to carcinogens and reproductive toxins. Consequently, there's a heightened demand for safer handling practices, which boosts the adoption of CSTDs to mitigate these risks and ensure worker safety.
Restraint: Cost Implications
Cost considerations pose a restraint on the widespread adoption of CSTDs. Implementing CSTDs requires initial investment in purchasing the devices and ongoing expenses for maintenance and training. For healthcare facilities operating on tight budgets, these costs may present a barrier to adopting CSTDs, especially in resource-constrained settings where competing financial priorities exist. The perceived high upfront costs can deter some healthcare providers from investing in these devices, despite the long-term benefits they offer in terms of worker safety.
Opportunity: Regulatory Compliance Requirements
The stringent regulatory environment governing the handling of hazardous drugs presents an opportunity for the CSTD market. Regulatory agencies, such as the US FDA and European Medicines Agency, have issued guidelines and standards mandating the use of CSTDs in healthcare settings to minimize exposure risks. Moreover, as regulatory requirements continue to evolve and become more stringent, the demand for advanced CSTD technologies is expected to increase, further fueling market growth.
Challenge: Compatibility Issues and Standardization
Ensuring compatibility and standardization across different CSTDs and drug delivery systems can be a significant challenge for the market. Healthcare facilities often use a variety of drugs and drug delivery systems, each with its own unique specifications and requirements. Moreover, the lack of standardized protocols for CSTD use and integration with existing healthcare workflows can hinder seamless adoption and utilization. Addressing these compatibility and standardization challenges requires collaboration among stakeholders, including manufacturers, healthcare providers, and regulatory bodies, to develop unified standards and interoperable solutions.
Closed System Transfer Devices Industry Ecosystem
The closed system transfer devices (CSTDs) market is a complex network of stakeholders collaborating to develop, manufacture, distribute, and utilize specialized medical devices. Manufacturers invest in research and development to ensure device efficacy, safety, and regulatory compliance, providing training and support services to end-users. Regulatory bodies like the FDA and EMA establish guidelines for device design, manufacturing, and distribution.. Research institutions drive innovation to enhance device design and functionality. Healthcare workers rely on CSTDs to minimize contamination and exposure risks, supported by patient advocacy groups raising awareness about safety. A competitive landscape fosters innovation and market expansion, while technological trends like automation and connectivity shape next-generation devices with improved safety features and data tracking capabilities.
By closing mechanism, color-to-color alignment system is expected to show highest CAGR of closed system transfer devices industry from 2024 to 2029
The closing mechanism segment is classified into luer lock system, push-to-turn system, click-to-lock system, and color-to-color alignment system.
Color-to-color alignment system systems facilitate precise and efficient transfer of materials in closed environments, ensuring safety and accuracy in various industries such as pharmaceuticals, biotechnology, and chemical manufacturing. With an increasing emphasis on contamination control and stringent regulatory requirements, the demand for closed system transfer devices equipped with color-to-color alignment systems is expected to surge. As industries continue to prioritize safety and efficiency in their processes, the adoption of color-to-color alignment systems within closed system transfer devices is projected to experience robust growth in the foreseeable future.
Based on type, membrane-to-membrane systems are expected to have the largest market share in the closed system transfer devices Industry.
By type, the closed system transfer devices market is segmented into membrane-to-membrane systems and needleless systems. Membrane-to-membrane systems have a significant advancement in ensuring safe and efficient transfer of medications and fluids. With growing emphasis on stringent regulatory standards in healthcare settings, membrane-to-membrane systems are poised to witness substantial adoption, driven by their ability to mitigate risks associated with drug handling and administration, ultimately, this drives significant growth in the market.
Based on technology, diaphragm-based devices segment of closed system transfer devices industry is expected to show highest CAGR from 2024 to 2029
The technology segment is further divided into diaphragm-based devices, compartmentalized devices, and air cleaning/filtration devices.
Diaphragm-based devices are anticipated to undergo the highest CAGR within the closed system transfer devices market. This growth projection is primarily attributed to their superior performance in ensuring safe and efficient transfer of hazardous substances, medications, and fluids, thereby minimizing the risk of contamination and exposure among healthcare workers and patients. Diaphragm-based systems offer enhanced reliability, precision, and ease of use, making them increasingly favored for a wide range of applications in healthcare settings. With a growing emphasis on patient safety, coupled with advancements in technology and increasing awareness regarding the importance of CSTDs, the demand for diaphragm-based solutions is expected to surge, propelling their market growth at an accelerated pace.
Based on components, vial access components segment of closed system transfer devices industry is expected to show highest CAGR from 2024 to 2029
The closed system transfer devices market, based on component, is segmented into vial access components, male luers, bag spikes, female components, and other components.
Vial access components play a crucial role in ensuring the integrity of drug transfer processes within closed systems, thereby minimizing the risk of contamination and exposure to harmful substances for healthcare workers and patients. The rising adoption of CSTDs across various healthcare settings, driven by stringent regulatory guidelines and heightened awareness regarding the importance of safe drug administration, is likely to propel the demand for vial access components, thus contributing to their projected high CAGR within the closed system transfer devices market.
By end user, hospitals & clinics segment accounted for the largest share of closed system transfer devices industry from 2024 to 2029
End users segment in the closed system transfer devices market is further classified into hospitals & clinics, oncology centers, and other end users.
Hospitals and clinics serve as primary points of care for patients requiring a wide range of medical treatments and procedures, thereby necessitating a higher demand for safety measures such as closed system transfer devices to prevent contamination and exposure to hazardous drugs. Moreover, the stringent regulatory standards enforced in healthcare facilities mandate the adoption of safe handling practices, prompting hospitals and clinics to invest in advanced technologies like CSTDs to ensure compliance and patient safety. Consequently, the collective demand from hospitals and clinics significantly contributes to their substantial market share in the CSTD market within the healthcare industry.
North America accounted for the largest market share of the global closed system transfer devices industry, by region in the forecast period.
North America dominated the closed system transfer devices market in healthcare, boasting the largest market share due to various factors such as extensive technological advancements, robust healthcare infrastructure, stringent regulatory frameworks ensuring the adoption of safe medical practices, and high healthcare expenditure. Furthermore, increasing awareness among healthcare professionals regarding the importance of infection prevention and control, coupled with rising incidences of cancer driving the demand for safer drug administration methods, further strengthen North America's position as the frontrunner in this market. This dominance is expected to persist as the region continues to prioritize patient safety and invest in innovative healthcare solutions, consolidating its leading role in the closed system transfer devices market.
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The key players in the closed system transfer devices market include Becton, Dickinson and Company (US), ICU Medical, Inc. (US), Equashield LLC (US), Corning Incorporated (US), B Braun Melsungen AG (Germany), West Pharmaceuticals Services (US), Simplivia Healthcare (Israel), Corvida Medical (US), Yukon Medical (US), JMS Co., Ltd. (Japan), Baxter International (US), Terumo Corporation (Japan), Cardinal Health (US), Eraser Medical (Turkey), CODAN Medizinische Geräte GmbH (Germany), Victus (US), Caragen (Ireland), Vygon SA (US), Practivet (US), and Insung Medical (South Korea).
Scope of the Closed System Transfer Devices Industry
|
Report Metric |
Details |
|
Market Revenue in 2024 |
$1.1 billion |
|
Projected Revenue by 2029 |
$2.5 billion |
|
Revenue Rate |
Poised to Grow at a CAGR of 14.5% |
|
Market Driver |
Increased Awareness of Occupational Hazards |
|
Market Opportunity |
Regulatory Compliance Requirements |
The research report categorizes closed system transfer devices market to forecast revenue and analyze trends in each of the following submarkets:
By Closing Mechanism
- Luer Lock System
- Push-to-Turn System
- Click-to-Lock System
- Color-to-Color alignment System
By Type
- Membrane-to-Membrane systems
- Needleless Systems
By Component
- Vial access components
- Male Luers
- Bag Spikes
- Female Components
- Other Components
By Technology
- Diaphragm-based devices
- Compartmentalized devices
- Air cleaning/filtration devices
By Region
-
North America
- US
- Canada
-
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
-
Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- Rest of APAC
-
Latin America
- Brazil
- Mexico
- Colombia
- Rest of Latin America
-
Middle East and Africa
- GCC Countries
- Rest of Middle East and Africa
Recent Developments of Closed System Transfer Devices Industry:
- In January 2022, ICU Medical, Inc. (US) acquired Smiths Medical with the aim of broadening its product portfolio with the inclusion of syringe & ambulatory infusion devices, vascular access, and vital care products.
- In March 2022, Baxter International (US) entered into an agreement with a subsidiary of Pfizer Inc. to acquire the rights to Zosyn, a premixed frozen piperacillin-tazobactam product, to be supplied in North America. This product is used for the treatment of intra-abdominal infections, nosocomial pneumonia, skin and skin structure infections, female pelvic infections, and community-acquired pneumonia.
- In October 2023, EQUASHIELD LLC. (US) Syringe Unit received additional FDA clearance for full-volume use. This approval results in a cost-effective solution for medication compounding & administrating requirements.
- In March 2022, Vygon SA(France) acquired Macatt Medica, a distribution company located in Lima, Peru, boosting Vygon’s presence in South America. The company sells the bulk of Vygon's products in Peru, including a line of enteral nutrition products.
Frequently Asked Questions (FAQ):
What is the projected market revenue value of the global closed system transfer devices market?
The global closed system transfer devices market boasts a total revenue value of $2.5 billion by 2029.
What is the estimated growth rate (CAGR) of the global closed system transfer devices market?
The global closed system transfer devices market has an estimated compound annual growth rate (CAGR) of 14.5% and a revenue size in the region of $1.1 billion in 2024. .
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This study involved four major activities in estimating the current closed system transfer device market size. Exhaustive secondary research was done to collect information on the market, peer market and parent market. 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 complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
The secondary research process involved the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), 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 the 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 and 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 industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations operating in the closed system transfer devices market. The primary sources from the demand side included industry experts, purchase & sales managers, doctors, and personnel from research organizations. Primary research was conducted to validate the market segmentation, identify key players in the market, and gather insights on key industry trends and key market dynamics.
A breakdown of the primary respondents for the closed system transfer devices market is provided below:
Note 1: C-level primaries include CEOs, COOs, and CTOs.
Note 2: Others include sales managers, marketing managers, and product managers.
Note 3: Companies are classified into tiers based on their total revenue. As of 2023: Tier 1=>USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, Tier 3=<USD 500 million
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The research methodology used to estimate the size of the market includes the following details.
The market sizing of the market was undertaken from the global side.
Country-level Analysis: The size of the closed system transfer devices market was obtained from the annual presentations of leading players and secondary data available in the public domain. The share of products and services in the overall closed system transfer devices market was obtained from secondary data and validated by primary participants to arrive at the total closed system transfer devices market. Primary participants further validated the numbers.
Geographic market assessment (by region & country): The geographic assessment was done 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 product segments by end users and growth prospects for each of the segments (assumptions and indicative estimates validated from primary interviews)
At each point, the assumptions and approaches were validated through industry experts contacted during primary research. Considering the limitations of data available from secondary research, revenue estimates for individual companies (for the overall closed system transfer devices market and geographic market assessment) were ascertained based on a detailed analysis of their respective product offerings, geographic reach/strength (direct or through distributors or suppliers), and the shares of the leading players in a particular region or country.
Global Closed System Transfer Devices Size: Top-Down Approach
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Global Closed System Transfer Devices Size: Bottom-Up Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
Closed system transfer devices are highly specialized devices that mechanically prohibit the transfer of environmental contaminants into a system and the escape of hazardous drug or vapor concentrations outside the system. These devices are uniquely designed to protect healthcare providers and patients from exposure to hazardous drugs.
Key Stakeholders
- CSTD Manufacturers
- CSTD Suppliers & Distributors
- Original Equipment Manufacturers (OEMs)
- Hospitals and Clinics
- Oncology Centers
- Medical Device Research and Consulting Firms
- Contract Research Organizations (CROs)
- Academic & Research Institutes
- Government Associations
- Market Research and Consulting Firms
- Venture Capitalists and Investors
Objectives of the Study
- To define, describe, and forecast the closed system transfer devices (CSTDs) market based on closing mechanism, type, component, technology, end user, and region
- To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
- To analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall closed system transfer devices market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To forecast the size of the closed system transfer devices market in five regions, namely, North America (US and Canada), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe)), the Asia Pacific (Japan, China, India, Australia & New Zealand, South Korea, and Rest of Asia Pacific), Latin America (Brazil, Mexico, Colombia, and Rest of Latin America), and the Middle East and Africa (GCC countries, and Rest of Middle East and Africa)
- To analyze the impact of the economic recession on the growth of the closed system transfer devices market
- To strategically profile the key players in the global market and comprehensively analyze their core competencies
- To track and analyze competitive developments, such as product launches, expansions, acquisitions, partnerships, collaborations, and agreements, of the leading players in the 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 report:
Geographic Analysis
- Further breakdown of the Rest of Europe closed system transfer devices market into Belgium, Russia, the Netherlands, Switzerland, and other countries.
- Further breakdown of the Rest of Asia Pacific closed system transfer devices market into Indonesia, Philippines, Vietnam, Hong Kong, and other countries
- Further breakdown of the Rest of Latin America closed system transfer devices market market into Argentina, Peru, and other countries.
Generating Response ...
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