Closed drug transfer systems are defined as drug transfer devices that prohibit the transfer of environmental contaminants into the system and release the hazardous vapor concentrations outside the system.ÊThe system is used to transfer hazardous drugs from one receptacle to another without being exposed to outside environment and to the person who is working on it.
Scope of the Report:This report studies the Closed Drug Transfer Systems market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Closed Drug Transfer Systems market by product type and applications/end industries.
The market for closed drug transfer systems is growing at faster pace driven by the regulatory and industry efforts to design the procedures and standards for protecting workers and patients from incidental and accidental exposure to cytotoxics. Various government regulatories such as American Society of Health System Pharmacists, The Oncology Nursing Society and The Occupational Safety and Health Administration among many others have set up a list of guidelines for safer handling of hazardous drugs leading to the increased use of the closed drug transfer systems.
The global Closed Drug Transfer Systems market is valued at xx million USD in 2020 and is expected to reach xx million USD by the end of 2026, growing at a CAGR of xx% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Closed Drug Transfer Systems.
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
Market Segment by Companies, this report covers B.Braun Medical
Becton
Dickinson
ICU Medical
EquaShield Medical
Carefusion
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers PhaSeal
AquaShield
OnGuard
SmartSite
ChemoClave
Market Segment by Applications, can be divided into Hospitals
Ambulatory Surgical Centers
Others
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
