Global Closed Drug Transfer Systems Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.9 Billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030.
The closed drug transfer systems (CDTS) market has gained significant traction in recent years due to growing concerns about drug safety and the need to reduce the risk of hazardous drug exposure to healthcare workers. These systems are designed to contain, transfer, and administer hazardous drugs safely, protecting medical professionals from accidental exposure, spills, or leaks. They are used in hospitals, pharmacies, and other healthcare settings to handle drugs such as chemotherapy agents and other hazardous substances that can pose significant health risks to users.
The increasing adoption of CDTS is driven by various factors, including regulatory pressure, rising awareness about healthcare worker safety, and the growing prevalence of cancer and other chronic diseases requiring hazardous drug treatments. According to industry reports, the market for closed drug transfer systems is expected to grow significantly, with a projected compound annual growth rate (CAGR) of over 15% in the next five years. This is primarily due to advancements in technology, improved system designs, and the expansion of healthcare infrastructure in emerging economies.
Some of the leading players in the closed drug transfer systems market include companies like BD, Equashield, and Baxter. These companies have introduced innovative solutions that meet strict safety standards while also offering efficiency and ease of use. Additionally, the market is being influenced by the increasing preference for user-friendly systems that require minimal training for healthcare providers.
As the healthcare industry continues to prioritize worker safety and minimize the risk of drug exposure, the demand for closed drug transfer systems is expected to rise steadily. The market's growth is also fueled by the rising number of hospital-acquired infections, driving hospitals and healthcare organizations to invest more in these safety measures.
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BD Medical
Inc
Equashield
LLC
ICU Medical
Inc
Teva Medical Ltd
Corvida Medical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Closed Drug Transfer Systems Market
Hospital
Clinic
Based on Types the Market is categorized into Below types that held the largest Closed Drug Transfer Systems market share In 2023.
Closed Vial Access Devices
Closed Syringe Safety Devices
Closed Bag/Line Access Devices
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Closed Drug Transfer Systems Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Closed Drug Transfer Systems Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Closed Drug Transfer Systems Market, By Type
6. Global Closed Drug Transfer Systems Market, By Application
7. Global Closed Drug Transfer Systems Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Closed Drug Transfer Systems Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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