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North America Closed System Transfer Devices Market Size, Share & Trends Analysis Report By Type (Membrane-to-Membrane, and Needleless), By Component, By Technology, By Closing Mechanism, By End User, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 135 Pages
  • April 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5955241
The North America Closed System Transfer Devices Market would witness market growth of 13.5% CAGR during the forecast period (2024-2031).

The US market dominated the North America Closed System Transfer Devices Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $765 million by 2031. The Canada market is experiencing a CAGR of 15.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 15.1% during (2024 - 2031).



The closed system transfer devices refer to the healthcare industry segment that involves manufacturing, distributing, and selling devices designed to handle and transfer hazardous drugs safely. These devices provide a closed system for transferring medications from vials, ampules, or bags to syringes, infusion containers, or patient administration sets, thereby minimizing the risk of exposure to hazardous drugs for healthcare workers, patients, and the environment.

The adoption of closed system transfer devices (CSTDs) has been driven by several factors, reflecting a growing recognition of the importance of safety measures in healthcare settings. For example, healthcare workers face significant risks of exposure to hazardous drugs, including chemotherapy agents, antivirals, and hormones. Increased awareness of these occupational hazards has prompted healthcare facilities to prioritize safety measures such as CSTDs to protect their staff and patients.

With increasing cancer rates in Mexico, there is a corresponding rise in the demand for chemotherapy as a primary treatment modality. Chemotherapy drugs are potent and hazardous substances that require careful handling to minimize the risk. Cancer is Mexico’s third most common cause of death, according to All.Can. 2020 saw the registration of more than 195,000 new cases.

The highest prevalence was found for cervical cancer (9,439), thyroid (11,227), colon (11,191), prostate (26.742), and breast cancer (29.929). There were 90,222 incidents of deaths in the nation in that same year. As the demand for chemotherapy increases, so does the need for safety measures like CSTDs to ensure safe drug preparation and administration. Hence, the high healthcare expenditure and cancer prevalence propel the market’s growth.

Based on Type, the market is segmented into Membrane-to-Membrane, and Needleless. Based on Component, the market is segmented into Vial access components, Female Components, Male Luers, Bag Spikes, and Others. Based on Technology, the market is segmented into Diaphragm-based devices, Compartmentalized devices, and Air cleaning/filtration devices. Based on Closing Mechanism, the market is segmented into Luer Lock System, Push-to-Turn System, Click-to-Lock System, and Color-to-Color alignment System. Based on End User, the market is segmented into Hospitals & Clinics, Oncology Centers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Becton, Dickinson and Company
  • ICU Medical, Inc.
  • B.Braun Melsungen AG
  • Baxter International, Inc
  • Terumo Corporation
  • Equashield LLC
  • Simplivia Healthcare Ltd.
  • CODAN Medizinische Geräte GmbH
  • Corning Incorporated
  • Vygon SAS

Market Report Segmentation

By Type
  • Membrane-to-Membrane
  • Needleless
By Component
  • Vial access components
  • Female Components
  • Male Luers
  • Bag Spikes
  • Others
By Technology
  • Diaphragm-based devices
  • Compartmentalized devices
  • Air cleaning/filtration devices
By Closing Mechanism
  • Luer Lock System
  • Push-to-Turn System
  • Click-to-Lock System
  • Color-to-Color alignment System
By End User
  • Hospitals & Clinics
  • Oncology Centers
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Closed System Transfer Devices Market, by Type
1.4.2 North America Closed System Transfer Devices Market, by Component
1.4.3 North America Closed System Transfer Devices Market, by Technology
1.4.4 North America Closed System Transfer Devices Market, by Closing Mechanism
1.4.5 North America Closed System Transfer Devices Market, by End User
1.4.6 North America Closed System Transfer Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2023
4.2 Porter’s Five Forces Analysis
Chapter 5. North America Closed System Transfer Devices Market by Type
5.1 North America Membrane-to-Membrane Market by Region
5.2 North America Needleless Market by Region
Chapter 6. North America Closed System Transfer Devices Market by Component
6.1 North America Vial access components Market by Country
6.2 North America Female Components Market by Country
6.3 North America Male Luers Market by Country
6.4 North America Bag Spikes Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Closed System Transfer Devices Market by Technology
7.1 North America Diaphragm-based devices Market by Country
7.2 North America Compartmentalized devices Market by Country
7.3 North America Air cleaning/filtration devices Market by Country
Chapter 8. North America Closed System Transfer Devices Market by Closing Mechanism
8.1 North America Luer Lock System Market by Country
8.2 North America Push-to-Turn System Market by Country
8.3 North America Click-to-Lock System Market by Country
8.4 North America Color-to-Color alignment System Market by Country
Chapter 9. North America Closed System Transfer Devices Market by End User
9.1 North America Hospitals & Clinics Market by Country
9.2 North America Oncology Centers Market by Country
9.3 North America Others Market by Country
Chapter 10. North America Closed System Transfer Devices Market by Country
10.1 US Closed System Transfer Devices Market
10.1.1 US Closed System Transfer Devices Market by Type
10.1.2 US Closed System Transfer Devices Market by Component
10.1.3 US Closed System Transfer Devices Market by Technology
10.1.4 US Closed System Transfer Devices Market by Closing Mechanism
10.1.5 US Closed System Transfer Devices Market by End User
10.2 Canada Closed System Transfer Devices Market
10.2.1 Canada Closed System Transfer Devices Market by Type
10.2.2 Canada Closed System Transfer Devices Market by Component
10.2.3 Canada Closed System Transfer Devices Market by Technology
10.2.4 Canada Closed System Transfer Devices Market by Closing Mechanism
10.2.5 Canada Closed System Transfer Devices Market by End User
10.3 Mexico Closed System Transfer Devices Market
10.3.1 Mexico Closed System Transfer Devices Market by Type
10.3.2 Mexico Closed System Transfer Devices Market by Component
10.3.3 Mexico Closed System Transfer Devices Market by Technology
10.3.4 Mexico Closed System Transfer Devices Market by Closing Mechanism
10.3.5 Mexico Closed System Transfer Devices Market by End User
10.4 Rest of North America Closed System Transfer Devices Market
10.4.1 Rest of North America Closed System Transfer Devices Market by Type
10.4.2 Rest of North America Closed System Transfer Devices Market by Component
10.4.3 Rest of North America Closed System Transfer Devices Market by Technology
10.4.4 Rest of North America Closed System Transfer Devices Market by Closing Mechanism
10.4.5 Rest of North America Closed System Transfer Devices Market by End User
Chapter 11. Company Profiles
11.1 Becton, Dickinson, and Company
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 SWOT Analysis
11.2 ICU Medical, Inc.
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Regional Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Acquisition and Mergers:
11.2.6 SWOT Analysis
11.3 B. Braun Melsungen AG
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expenses
11.3.5 SWOT Analysis
11.4 Baxter International, Inc.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental Analysis
11.4.4 Research & Development Expense
11.4.5 SWOT Analysis
11.5 Terumo Corporation
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expenses
11.5.5 SWOT Analysis
11.6 Equashield LLC
11.6.1 Company Overview
11.6.2 SWOT Analysis
11.7 Simplivia Healthcare Ltd.
11.7.1 Company Overview
11.7.2 Recent strategies and developments:
11.7.2.1 Product Launches and Product Expansions:
11.7.3 SWOT Analysis
11.8 CODAN Medizinische Geräte GmbH
11.8.1 Company Overview
11.8.2 SWOT Analysis
11.9 Corning Incorporated
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expenses
11.9.5 SWOT Analysis
11.1 Vygon SAS
11.10.1 Company Overview
11.10.2 SWOT Analysis

Companies Mentioned

  • Becton, Dickinson and Company
  • ICU Medical, Inc.
  • B. Braun Melsungen AG
  • Baxter International, Inc
  • Terumo Corporation
  • Equashield LLC
  • Simplivia Healthcare Ltd.
  • CODAN Medizinische Geräte GmbH
  • Corning Incorporated
  • Vygon SAS

Methodology

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