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.
Millions of healthcare workers are exposed to chemotherapy and other hazardous drugs annually. Studies have shown that exposure to these hazardous drugs can cause serious health problems, “such as cancer, reproductive and development problems and other adverse effects that can be irreversible even after low-level exposures,” according to the Occupational Safety & Health Administration (OSHA), National Institute of Occupational Safety & Health (NIOSH), and Joint Commission. So, Potential market is huge in the future.
The global Needlefree Closed System Transfer Device (CSTD) market is valued at 380 million US$ in 2018 and will reach 1640 million US$ by the end of 2025, growing at a CAGR of 20.0% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Needlefree Closed System Transfer Device (CSTD) market based on company, product type, end user and key regions.
This report studies the global market size of Needlefree Closed System Transfer Device (CSTD) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Needlefree Closed System Transfer Device (CSTD) in these regions.
This research report categorizes the global Needlefree Closed System Transfer Device (CSTD) market by top players/brands, region, type and end user. This report also studies the global Needlefree Closed System Transfer Device (CSTD) market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Teva Medical Ltd
Market size by Product
Closed Vial Access Devices
Closed Syringe Safety Devices
Closed Bag/Line Access Devices
Market size by End User
Market size by Region
Central & South America
Rest of Central & South America
Middle East & Africa
The study objectives of this report are:
To study and analyze the global Needlefree Closed System Transfer Device (CSTD) market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Needlefree Closed System Transfer Device (CSTD) market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Needlefree Closed System Transfer Device (CSTD) companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Needlefree Closed System Transfer Device (CSTD) submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Needlefree Closed System Transfer Device (CSTD) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (M Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Needlefree Closed System Transfer Device (CSTD) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.