Closed System Transfer Devices Market

Report Highlights

Closed system transfer devices (CSTD) are employing to reduce the risk of occupational exposure to hazardous drugs in the system. Closed system transfer devices are designed for healthcare worker protection during drug compounding and administration of hazardous drugs. National Institute for Occupational Safety and Health, recommended the use of closed system transfer devices during the hazardous drug handling, from pharmaceutical compounding to patient dose administration.

Closed system transfer devices is a part of a hazardous drug safety program and its use reduce hazardous drug contamination. NIOSH defines the CSTD as a drug transfer device that mechanically bans the transfer of environmental chemicals into the system and escape of the harmful drug or vapor meditations outside the system. Closed system transfer devices use an integrated filter to cleanse escaping air contaminated with hazardous drug aerosols & vapors.

Closed System Transfer Devices Market: Drivers and Restraints-

Closed system transfer devices market expected to grow with the significant rate as high demand for limiting exposure to hazardous drugs.  Closed system transfer devices are gaining high demand to reduce the risk of chromosomal abnormalities among healthcare workers. Increasing product innovation and developments expected to favor the growth of the closed system transfer devices market.  Strict regulation and laws expected to favor the demand for the closed system transfer devices.

FDA confirms the efficiency of closed system transfer devices with a higher level of evidence. Increasing medicine production and technological advancement propel the growth of the closed system transfer devices market. Growing research and development activities in the pharmaceutical sector expected to propel the growth of the closed system transfer devices market.

Closed System Transfer Devices Market: Segmentation

On the basis of component, closed system transfer devices market can be segmented as:

• Syringe Units
• Vial Adopters
• Syringe to Syringe Adopter
• Spike Adopter
• Luer Lock Adaptor
• Others

On the basis of end user, Closed System Transfer Devices market can be segmented as:

• Pharmacies
• Hospitals
• Clinics
• Pharmaceutical Companies
• Others

Closed System Transfer Devices Market: Overview

Closed system transfer devices developed to reduce the risk of exposure to hazardous drugs. Healthcare professional expose to risk during the manufacturing, research, transport, distribution and administration of drug. The risk cause short time and longtime effects. Short time effects such as skin irritation and longtime effects such as risk of infertility and congenital abnormalities. Closed system transfer devices market expected to grow with the high growth rate as increasing development in the healthcare industry and strong drug safety policies and regulations. Closed system transfer devices are available as small components such as vial adopter, syringe adopter, spike adopter, luer lock adaptor to reduce direct exposure of hazardous drugs. 

Closed System Transfer Devices Market: Region-wise Outlook

North America is the most dominating market for closed system transfer devices market due to the high number of closed system transfer devices manufacturers and strict regulatory policies. Western European countries such as Germany, U.K., France contributes higher market value share in the closed system transfer devices market as technological advancement and adoption of closed system transfer devices. India and China closed system transfer devices market is expected to with highest rate as high demand for pharmaceuticals and medical devices, improving healthcare infrastructure and policies over the forecast period. Latin America and Middle East America represents slow growth rate as slower technological progress.

Closed System Transfer Devices Market: Key Market Participants

Example of certain market players participants in global closed system transfer devices market find across the value chain are ICU Medical, Inc., Equashield LLC, Becton, Dickinson and Company, B. Braun Melsungen AG, Corvida Medical, Yukon Medical, Baxter International Inc., and others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.