Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Closed System Transfer Device Market by Type (Closed Vial Access Devices, Closed Syringe Safety Devices, Closed Bag/Line Access Devices), By Application (Hospital, Clinic) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Closed System Transfer Device Market by Type (Closed Vial Access Devices, Closed Syringe Safety Devices, Closed Bag/Line Access Devices), By Application (Hospital, Clinic) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 330997 4200 Medical Devices & Consumables 377 161 Pages 4.7 (45)
                                          

Market Overview:


The global closed system transfer device market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of hospital-acquired infections (HAIs) and rising demand for safer medical devices. In addition, the growing number of clinical trials is also contributing to the growth of this market. Closed vial access devices are expected to account for the largest share of the global closed system transfer device market in 2018. This segment is projected to grow at a CAGR of 7.8% from 2018 to 2030 due to their high adoption rates across hospitals and clinics worldwide.


Global Closed System Transfer Device Industry Outlook


Product Definition:


Closed system transfer devices are used to prevent the spread of infection between patients in a healthcare setting. They are important because they protect patients from exposure to potentially harmful pathogens.


Closed Vial Access Devices:


Closed vial access devices (CVAD) are used for the transfer of biologic samples in pharmaceutical and research settings. CVADs have a small internal volume, which helps to maintain sample integrity during transfer and processing. The device is portable, single-use, disposable & has no reagent costs associated with it. It also eliminates the risk of contamination that can be associated with open system transfer devices (OSTD).


Closed Syringe Safety Devices:


Closed syringe safety devices are used in closed system transfer device to avoid contamination and transmission of diseases from one patient to another during the administration of intravenous solutions. The basic purpose of these devices is to protect the health care professionals and patients from harmful bacteria, viruses, or other microorganisms that may be present in an open IV set up.


The major factor responsible for increasing demand for closed syringe safety devices is increase incidence rate of hospital acquired infections (HAIs).


Application Insights:


The hospital application segment led the global closed system transfer device market in 2017. The need for CSTD at hospitals has been rising due to various factors such as increase in number of patients, complexity of their medication and increasing awareness among healthcare professionals regarding safety protocols. Moreover, an increase in the incidence of cross contamination is also driving the adoption of these devices at hospitals.


Closed system transfer devices are used to reduce contamination risk during patient transfers from one environment to another especially within a hospital setting. These types of devices help avoid introduction or transmission via respiratory droplets or contact between external surfaces that may be contaminated with bacteria or viruses including influenza virus, adenovirus, rhinovirus and coronavirus which can cause disease transmission through human contact as well as by way of aerosolization during procedures such as intubation and ventilation using endotracheal tubes & masks among others (CDC 2016).


Regional Analysis:


North America dominated the global market in 2017. The presence of stringent regulatory guidelines and rising incidence of hospital-acquired infections are some factors responsible for the growth of this vertical. In addition, growing investments by key players in this region to improve product penetration is expected to drive demand over the forecast period.


Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to increasing government initiatives for improving healthcare infrastructure coupled with rising awareness regarding SSTDs among patients and healthcare professionals. Moreover, economic development in countries such as India and China has led these nations being considered as potential markets for medical devices manufacturers; thus, it will have a positive impact on industry expansion over the next eight years or so.


Growth Factors:


  • Increasing demand for Closed System Transfer Device due to rising number of surgeries and growing prevalence of chronic diseases.
  • Technological advancements in Closed System Transfer Device products that offer better safety and efficiency.
  • Rising number of private clinics and hospitals, which is expected to increase the demand for Closed System Transfer Device products.
  • Growing awareness about the benefits of using Closed System Transfer Devices among healthcare professionals and patients alike is likely to boost market growth during the forecast period.

Scope Of The Report

Report Attributes

Report Details

Report Title

Closed System Transfer Device Market Research Report

By Type

Closed Vial Access Devices, Closed Syringe Safety Devices, Closed Bag/Line Access Devices

By Application

Hospital, Clinic

By Companies

BD Medical, Inc, Equashield, LLC, ICU Medical, Inc, Teva Medical Ltd, Corvida Medical, B. Braun, BD Medical, Inc

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

161

Number of Tables & Figures

113

Customization Available

Yes, the report can be customized as per your need.


Global Closed System Transfer Device Market Report Segments:

The global Closed System Transfer Device market is segmented on the basis of:

Types

Closed Vial Access Devices, Closed Syringe Safety Devices, Closed Bag/Line Access Devices

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Hospital, Clinic

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. BD Medical, Inc
  2. Equashield, LLC
  3. ICU Medical, Inc
  4. Teva Medical Ltd
  5. Corvida Medical
  6. B. Braun
  7. BD Medical, Inc

Global Closed System Transfer Device Market Overview


Highlights of The Closed System Transfer Device Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Closed Vial Access Devices
    2. Closed Syringe Safety Devices
    3. Closed Bag/Line Access Devices
  1. By Application:

    1. Hospital
    2. Clinic
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Closed System Transfer Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Closed System Transfer Device Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


A Closed System Transfer Device (CSTD) is a hardware device that allows for the secure transfer of data between two systems that are not connected to the internet. CSTD's are commonly used in regulated industries, such as healthcare and finance, where security and privacy are critical concerns.

Some of the key players operating in the closed system transfer device market are BD Medical, Inc, Equashield, LLC, ICU Medical, Inc, Teva Medical Ltd, Corvida Medical, B. Braun, BD Medical, Inc.

The closed system transfer device market is expected to grow at a compound annual growth rate of 7.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Closed System Transfer Device Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Closed System Transfer Device Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Closed System Transfer Device Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Closed System Transfer Device Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Closed System Transfer Device Market Size & Forecast, 2020-2028       4.5.1 Closed System Transfer Device Market Size and Y-o-Y Growth       4.5.2 Closed System Transfer Device Market Absolute $ Opportunity

Chapter 5 Global  Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2  Market Size Forecast by Type
      5.2.1 Closed Vial Access Devices
      5.2.2 Closed Syringe Safety Devices
      5.2.3 Closed Bag/Line Access Devices
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global  Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2  Market Size Forecast by Applications
      6.2.1 Hospital
      6.2.2 Clinic
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Closed System Transfer Device Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Closed System Transfer Device Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America  Analysis and Forecast
   9.1 Introduction
   9.2 North America  Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America  Market Size Forecast by Type
      9.6.1 Closed Vial Access Devices
      9.6.2 Closed Syringe Safety Devices
      9.6.3 Closed Bag/Line Access Devices
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America  Market Size Forecast by Applications
      9.10.1 Hospital
      9.10.2 Clinic
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe  Analysis and Forecast
   10.1 Introduction
   10.2 Europe  Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe  Market Size Forecast by Type
      10.6.1 Closed Vial Access Devices
      10.6.2 Closed Syringe Safety Devices
      10.6.3 Closed Bag/Line Access Devices
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe  Market Size Forecast by Applications
      10.10.1 Hospital
      10.10.2 Clinic
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific  Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific  Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific  Market Size Forecast by Type
      11.6.1 Closed Vial Access Devices
      11.6.2 Closed Syringe Safety Devices
      11.6.3 Closed Bag/Line Access Devices
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific  Market Size Forecast by Applications
      11.10.1 Hospital
      11.10.2 Clinic
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America  Analysis and Forecast
   12.1 Introduction
   12.2 Latin America  Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America  Market Size Forecast by Type
      12.6.1 Closed Vial Access Devices
      12.6.2 Closed Syringe Safety Devices
      12.6.3 Closed Bag/Line Access Devices
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America  Market Size Forecast by Applications
      12.10.1 Hospital
      12.10.2 Clinic
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA)  Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA)  Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA)  Market Size Forecast by Type
      13.6.1 Closed Vial Access Devices
      13.6.2 Closed Syringe Safety Devices
      13.6.3 Closed Bag/Line Access Devices
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA)  Market Size Forecast by Applications
      13.10.1 Hospital
      13.10.2 Clinic
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Closed System Transfer Device Market: Competitive Dashboard
   14.2 Global Closed System Transfer Device Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 BD Medical, Inc
      14.3.2 Equashield, LLC
      14.3.3 ICU Medical, Inc
      14.3.4 Teva Medical Ltd
      14.3.5 Corvida Medical
      14.3.6 B. Braun
      14.3.7 BD Medical, Inc

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