Market Highlights:
Global Closed System Drug Transfer Device (CSTD) Market Research Report: by Type (Barrier-Type, Filtration-Type), by Delivery (Closed Bag/Line Access Devices, Closed Vial Access Devices, Closed Syringe Safety Devices), by End-user – Forecast till 2027
The global closed system drug transfer device market size is poised to expand at 19.10% CAGR over the forecast period (2018-2025).
The market is driven by the prevalence of cancer cases globally. According to the Canadian Cancer Society in 2017, nearly 206, 200 instances were registered with 80,800 dying from the disease. CSTDs are required for protecting hospital staff from hazardous drugs and ensuring their safety. Furthermore, safety guidelines outlined by regulatory bodies for safe handling practices at hospitals and clinics is predicted to augur well for the closed system drug transfer device (CSTD) market.
The developing countries of India and China offer ample opportunities for the market to expand over the forecast period. Investments by medical equipment manufacturers coupled with medical tourism are likely to elicit massive demand for CSTDs. In addition, a report published by the National Institute for Occupational Safety and Health (NIOSH) in 2015 substantiated the effectiveness of these equipment in containing leaks or spillage of dangerous chemicals.
But high costs of implementing these medical devices can stultify the market growth.
Key Players:
Key players in the closed system drug transfer device (CSTD) market include Teva Pharmaceutical Industries Ltd. (Israel), Becton, Dickinson and Company (U.S.), Corvida Medical (U.S.), ICU Medical Inc. (U.S.), Yukon Medical (U.S.), and Equashield LLC (U.S.).
Request Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/7733
Segmentation:
The closed system drug transfer device (CSTD) market is segmented by type, delivery, and end-user.
By type, barrier-type was the largest shareholder in 2017, while the filtration-type held stood second in the global market. This can be attributed to the use of filtration systems for segregating hazardous materials to ensure the safety of hospital staff. By modes of delivery, closed bag/line access devices accounted for the largest share in the CSTD market (2017). Among end-users, specialty centers held 70.92% market share in 2017. This can be linked to high use of chemotherapy drugs by oncology professionals to treat patients suffering from cancer..
Regional Analysis:
Geographically, the closed system drug transfer device (CSTD) market covers the upcoming trends in Europe, Asia Pacific (APAC), Americas, and the Middle East & Africa (MEA).
The Americas accounted for the largest market share in 2017 and was followed by Europe, APAC and MEA.
Europe has assumed the second position after the Americas mainly due to the sophisticated healthcare industry. Awareness of the adverse effects of drug exposure which may cause infertility coupled with availability of CSTD products for hospitals can evoke high market demand during the forecast period.
The MEA region is projected to experience a sluggish growth rate due to the underdeveloped healthcare sector and low adoption rate of latest technologies.
Table Of Content:
1 Report Prologue
2 Market Introduction
2.1 Introduction 15
2.2 Assumptions & Limitations 15
2.2.1 Assumptions 15
2.2.2 Limitations 15
2.3 Market Structure 15
3 Research Methodology
3.1 Research Process 17
3.2 Primary Research 18
3.3 Secondary Research 19
3.4 Market Size Estimation 19
3.5 Forecast Model 20
4 Market Dynamics
4.1 Introduction 22
4.2 Drivers 23
4.2.1 Rising Prevalence Of Cancer Cases 23
4.2.2 Increased Risk Of Exposure To Hazardous Drugs For Healthcare Personnel 23
4.2.3 Several Safety Guidelines And Legislation For The Use Of CSTD 23
4.3 Restraints 24
4.3.1 High Cost 24
4.3.2 Adverse Events And Statutory Warning By FDA For The Use Of CSTD 24
4.4 Opportunity 24
4.4.1 Emerging Markets Of CSTD 24
5 Market Factor Analysis
Continue...
Browse Complete Report @ https://www.marketresearchfuture.com/reports/closed-system-drug-transfer-device-market-7733
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Related Report:
Global Media sera and Reagents- Cell culture Market Research Report- Forecast To 2027
Contact:
Akash Anand
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
Reviews
Comments
Most Recent Articles
- Jul 5, 2024 The Evolution of sports betting online: From Tradition to Technology by Bet Ardian
- Jun 25, 2024 Strands NYT game Review by Tuan
- Jun 20, 2024 Infinite Wordle Tips and Trick by Tuan
- Jun 5, 2024 The Benefits of Using Personalized Water Bottles for Branding and Promotion by sales01
- May 27, 2024 Can Drink Bottle Manufacturers Keep Up with Sustainability Trends? by sales01
Most Viewed Articles
- 3603 hits Guide to choosing a Spa by Jaroinn Ms
- 2606 hits Generic Viagra Proving To Be an Effective Solution to Cure Erectile Dysfunction by Guest
- 1886 hits Careprost Eye Drops For Eyelashes by stella harlow
- 1763 hits The relationship between erectile dysfunction severity, mean platelet volume and vitamin D levels by John Moses
- 1653 hits Get High Potential Stamina On Bed help of Viagra by Guest
Popular Articles
In today’s competitive world, one must be knowledgeable about the latest online business that works effectively through seo services....
77365 Views
Are you caught in between seo companies introduced by a friend, researched by you, or advertised by a particular site? If that is the...
32685 Views
Walmart is being sued by a customer alleging racial discrimination. The customer who has filed a lawsuit against the retailer claims that it...
13673 Views
If you have an idea for a new product, you can start by performing a patent search. This will help you decide whether your idea could become the...
11084 Views
Statistics
Members | |
---|---|
Members: | 15316 |
Publishing | |
---|---|
Articles: | 63,054 |
Categories: | 202 |
Online | |
---|---|
Active Users: | 432 |
Members: | 0 |
Guests: | 432 |
Bots: | 5276 |
Visits last 24h (live): | 2343 |
Visits last 24h (bots): | 24242 |