Global Closed System Transfer Devices Market - Market Size, Share & Industry Trends, Growth Analysis Report By Product Type, By Consumption and Forecast 2019 - 2025


DescriptionTable of ContentList of TablesList of Figures
Introduction

Closed System Transfer Devices Market was valued at USD X.X Billion in 2018 and is projected to reach USD X.X billion by 2025, at a CAGR of X.X % from 2019-2025. In the era where the number of healthcare activities and medical procedures such as treatments are increasing, patient safety is as critical as healthcare worker safety. Closed system transfer devices are used in order to avoid contamination in drugs, drug aerosolization, and hazardous drug exposures. Safety of drug experts, caregivers, nurses, pharmacists, and other clinical staff is also one of the main important concern in utilizing closed system transfer devices.
The growing emphasis on implementation of safety measures for laboratory personnel is expected to boost the growth of the global closed system transfer devices market during the forecast period.

Geographical Overview

At a global level, North America region was holding the highest market share in 2018. Whereas, Asia Pacific region is considered as the fastest growing region with key players adopting expansion strategy in this region to gain maximum market share in the coming years. China and India are offering ample opportunities for the growth of Closed System Transfer Devices Market with its high population base. North America is expected to register comparatively higher share of the global closed system transfer devices market owing to higher utilization of closed system transfer devices, which is mainly due to a comparatively higher amount of awareness amongst healthcare resources.

Segmental Overview
Closed System Transfer Devices Market is segmented as per below specifications -  

By Product Type: 
• Membrane-To-Membrane Systems
• Needleless Systems

By Consumption: 
• Vial Access Devices
• Bag/Line Access Device
• Syringe Safety Device 
By Distribution Channel: 
• Hospitals & Clinics
• Ambulatory Surgery Centres
• Research Laboratories
• Others

Competitor Analysis
Closed System Transfer Devices Market has presence of some of the key major players across globe which includes
• EQUASHIELD 
• BD (Becton 
• Dickinson 
• B. Braun Melsungen AG 
• JMS Co.Ltd.
• Yukon Medical 
• Teva Pharmaceutical Industries Ltd. 
• Corvida Medical
• Baxter 
• ICU Medical Inc. 

These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.  

By Geographical Locations: 
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Italy
o Germany
o Spain
o Russia & CIS
o Rest of Europe
• Asia-Pacific
o China 
o India
o Japan
o South Korea
o ASEAN
o Rest of Asia Pacific 
• Latin America
o Brazil
o Argentina
o Rest of LATAM
• Middle East & Africa
o UAE
o South Africa
o Rest of MEA

Highlights of the report
What is Closed System Transfer Devices Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation 
Market size projection based on Historical & current market trends 
Market share analysis and key strategies adopted by leading Players
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations