Closed System Transfer Devices Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Closed System Transfer Devices market, including insights into market size, growth trends, and forecasts for the years 2023 to 2033, covering key aspects like segmentation and regional insights.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $2.50 Billion |
| CAGR (2023-2033) | 7.8% |
| 2033 Market Size | $5.42 Billion |
| Top Companies | Baxter International Inc., B. Braun Melsungen AG, CareFusion, MediDose |
| Last Modified Date | 15 Nov 2024 |
Closed System Transfer Devices Market Report (2023 - 2033)
Closed System Transfer Devices Market Overview
What is the Market Size & CAGR of Closed System Transfer Devices market in 2023?
Closed System Transfer Devices Industry Analysis
Closed System Transfer Devices Market Segmentation and Scope
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Closed System Transfer Devices Market Analysis Report by Region
Europe Closed System Transfer Devices Market Report:
The European market is expected to increase from USD 0.80 billion in 2023 to USD 1.74 billion by 2033. Factors such as the aging population and a rise in the number of cytotoxic drugs contribute to this upsurge.Asia Pacific Closed System Transfer Devices Market Report:
The Asia Pacific market is projected to grow from USD 0.49 billion in 2023 to USD 1.07 billion by 2033, showing significant development in healthcare infrastructure and increasing awareness of drug safety among healthcare workers.North America Closed System Transfer Devices Market Report:
North America holds a substantial market share, anticipated to grow from USD 0.81 billion in 2023 to USD 1.76 billion by 2033. This growth is propelled by stringent healthcare regulations, high prevalence of chronic diseases, and a strong focus on drug safety among practitioners.South America Closed System Transfer Devices Market Report:
In South America, the market size is expected to expand from USD 0.05 billion in 2023 to USD 0.10 billion by 2033, influenced by rising investments in the healthcare sector and improvements in pharmaceutical regulations.Middle East & Africa Closed System Transfer Devices Market Report:
The Middle East and Africa market is estimated to grow from USD 0.35 billion in 2023 to USD 0.75 billion by 2033, driven by improvements in healthcare access and rising healthcare expenditure in these regions.Request a custom research report for industry.
Closed System Transfer Devices Market Analysis By Product Type
Global Closed System Transfer Devices Market, By Product Type Market Analysis (2023 - 2033)
The Closed System Transfer Devices market by product type reveals that passive systems dominate, expected to increase from USD 2.21 billion in 2023 to USD 4.78 billion by 2033, holding an 88.21% market share. Active systems, while smaller, are also projected to grow from USD 0.29 billion to USD 0.64 billion, capturing 11.79% of the market.
Closed System Transfer Devices Market Analysis By Application
Global Closed System Transfer Devices Market, By Application Market Analysis (2023 - 2033)
By application, oncology remains the largest segment, predicted to grow from USD 1.38 billion in 2023 to USD 2.98 billion by 2033, with a steady market share of 55.06%. Other segments, including antiviral and hormonal therapies, will see growth, but oncology is expected to remain the leader due to increasing cancer cases.
Closed System Transfer Devices Market Analysis By End User
Global Closed System Transfer Devices Market, By End-User Market Analysis (2023 - 2033)
Hospitals are the largest end-user segment in the Closed System Transfer Devices market, anticipated to grow from USD 1.65 billion in 2023 to USD 3.57 billion by 2033, maintaining a consistent 65.83% market share. Pharmacies and homecare settings are also important, with expected growth in their respective segments.
Closed System Transfer Devices Market Analysis By Material
Global Closed System Transfer Devices Market, By Material Market Analysis (2023 - 2033)
The materials segment shows plastic materials leading the market, projected to grow from USD 1.65 billion in 2023 to USD 3.57 billion by 2033, keeping the same market share of 65.83%. Metal materials and other materials are smaller segments but are growing as manufacturers explore various applications.
Closed System Transfer Devices Market Analysis By Design Type
Global Closed System Transfer Devices Market, By Design Type Market Analysis (2023 - 2033)
Design type segmentation reveals that vial-to-vial systems are expected to maintain a large share, growing from USD 1.65 billion in 2023 to USD 3.57 billion by 2033 (65.83% share). Syringe based systems also represent a significant market, projected to grow from USD 0.71 billion to USD 1.54 billion.
Closed System Transfer Devices Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Closed System Transfer Devices Industry
Baxter International Inc.:
Baxter is a renowned healthcare company specializing in products that address complex medical needs, including advanced CSTDs that enhance safety in drug delivery.B. Braun Melsungen AG:
B. Braun is a global leader in medical devices and solutions, focusing on closed systems for drug delivery, ensuring quality and safety in patient care.CareFusion:
CareFusion specializes in innovative healthcare technologies, providing CSTDs that ensure safe handling of hazardous drugs, significantly contributing to overall healthcare safety.MediDose:
MediDose is known for its commitment to medication safety, producing CSTDs aimed at minimizing risks associated with drug administration and protecting healthcare workers.We're grateful to work with incredible clients.
