Global Closed System Transfer Device (CSTD) Market Growth 2023-2029

Global Closed System Transfer Device (CSTD) Market Growth 2023-2029

Product Code:455450

Published Date: Feb 08,2023

Pages: 98

Region: Global

Category: Medical Devices & Consumables

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Closed System Transfer Device (CSTD) is a drug transfer device that mechanically prohibits the transfer of environmental contaminants into a system and the escape of hazardous drug or vapor concentrations outside the system, which designed to prevent the escape of hazardous drug vapors into the environment during drug reconstitution and administration.

LPI (LP Information)' newest research report, the “Closed System Transfer Device (CSTD) Industry Forecast” looks at past sales and reviews total world Closed System Transfer Device (CSTD) sales in 2022, providing a comprehensive analysis by region and market sector of projected Closed System Transfer Device (CSTD) sales for 2023 through 2029. With Closed System Transfer Device (CSTD) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Closed System Transfer Device (CSTD) industry.

This Insight Report provides a comprehensive analysis of the global Closed System Transfer Device (CSTD) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Closed System Transfer Device (CSTD) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Closed System Transfer Device (CSTD) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Closed System Transfer Device (CSTD) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Closed System Transfer Device (CSTD).

The global Closed System Transfer Device (CSTD) market size is projected to grow from US$ 729.8 million in 2022 to US$ 2586.6 million in 2029; it is expected to grow at a CAGR of 2586.6 from 2023 to 2029.

Global Closed System Transfer Device (CSTD) key players include BD Medical, Inc, Equashield, ICU Medical, etc. Global top three manufacturers hold a share about 75%.

North America is the largest market, with a share about 80%, followed by Europe and Asia-Pacific, both have a share about 20 percent. 
In terms of product, Closed Syringe Safety Devices is the largest segment, with a share about 35%. And in terms of application, the largest application is Hospital, followed by Clinic.

This report presents a comprehensive overview, market shares, and growth opportunities of Closed System Transfer Device (CSTD) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Closed Vial Access Devices
    Closed Syringe Safety Devices
    Closed Bag/Line Access Devices

Segmentation by application
    Hospital
    Clinic

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    BD Medical, Inc
    Equashield, LLC
    ICU Medical, Inc
    Teva Medical Ltd
    Corvida Medical

Key Questions Addressed in this Report
What is the 10-year outlook for the global Closed System Transfer Device (CSTD) market?
What factors are driving Closed System Transfer Device (CSTD) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Closed System Transfer Device (CSTD) market opportunities vary by end market size?
How does Closed System Transfer Device (CSTD) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?