Hazardous Drugs Closed System Transfer Device Market, Trends, Dynamics, and Market Analysis

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Presents a Research Report on Hazardous Drugs
Closed System Transfer Device Market
Hazardous Drugs Closed System Transfer Device
Market, By Type (Needless Systems, Membrane to
Membrane Systems), By Technology (Compartmentalize
Devices, Diaphragm Based Devices, Air Filtration
Devices), By Component (Syringe Safety Devices,
Vial Access Devices, Bag/Line Access Devices,
Accessories), By End-Use (Hospitals, Oncology
Clinics and Centers, Others), and Region. This
market research report provides in-depth
information on trends, dynamics, revenue
opportunities, competitive landscape, and recent
developments in the global hazardous drugs closed
system transfer device market.


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The Hazardous Drugs Closed System Transfer Device
Market Highlights Drivers

• Hazardous Drugs Closed System Transfer Device
  Market is projected to grow from USD 398.5
  million in 2020 to USD 1,220.4 million by 2026 at
  a CAGR of over 20.6 during the forecast period.
• The hazardous closed system drug transfer devices
  (CSTDs) protect hazardous vapour or drugs during
  drug production and administration.
• It consists of components that enable the
  filtering of dangerous vapours out of the system.
  
• These devices play a critical role in the
  protection of healthcare professionals from
  harmful medications and antineoplastic, which are
  primarily used in the treatment of patients
  suffering from chronic ailments.

• Market Insight
• By End Use Type
• By end use, the hazardous drugs closed system
  transfer device market has been segmented into
  hospitals, oncology clinics and centers, and
  others.
• Under these, the hospitals segment garnered the
  highest market share in 2020 and is projected to
  register the substantial CAGR during the review
  period.
• This is mainly attributed to increasing cancer
  patient pool, robust financial capabilities of
  hospitals for purchasing high-priced CSTDs when
  compared to oncology centers, and the growing
  need to comply with the regulatory guidelines
  established by the NIOSH and FDA regarding the
  safety of healthcare providers.

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Market Insight Competitive Insights

• By Region
• By region, the market in the North America
  accounted for the highest share in 2020 and is
  projected to grow at a steady CAGR during the
  assessment period.
• This is mainly ascribed to favourable initiatives
  taken by the U.S. Food and Drug Administration
  and other regulatory bodies in North America to
  ensure patient safety along with the rising
  number of oncology drug approvals, which further
  boosts the regional growth.
• Key Players
• Becton, Dickinson, and Company (BD) (The U.S),
• ICU Medical, Inc. (The U.S),
• B. Braun Melsungen (Germany),
• JMS Co., Ltd. (Japan),
• Equashield LLC. (The U.S),
• Teva Pharmaceutical Industries Ltd. (Israel),
• Corvida Medical (The U.S),
• Yukon Medical (Canada),
• Codan Medizinische Geräte GmbH Co Kg (Germany),
  and
• Victus, Inc. (The U.S).

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Research Methodology
Data Analysis (Top Down and Bottom Up Approach)
Data Triangulation (Data Evaluation and Multiple
Data Triangulation)
Final Deliverables (Final Report with All
Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research

• Annual Reports / Fact Book
• Company Websites
• Magazines / Publications
• Press Releases Journals
• Industry News
• Association Articles
• Government Documents
• Social Media
• Others

• Robust database across value chain
• In-house industry veterans as advisors
• Project based subject matter experts

• Industry Players
• Industry Experts
• Suppliers
• Customers
• Associations
• Government Institutions
• Others

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Report Features

• This report provides market intelligence in the
  most comprehensive way. The report structure has
  been kept such that it offers maximum business
  value. It provides critical insights on the
  market dynamics and will enable strategic
  decision making for the existing market players
  as well as those willing to enter the market. The
  following are the key features of the report
• Market structure Overview, industry life cycle
  analysis, supply chain analysis.
• Market environment analysis Growth drivers and
  constraints, Porters five forces analysis, SWOT
  analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics Market share,
  product portfolio, product launches, etc.
• Attractive market segments and associated growth
  opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing
  and new players.
• Key success factors.

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