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poonamcmi · 4 months ago

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Closed System Transfer Device Market Set for Robust Growth due to Growing Adoption of Safety

Closed system transfer devices are used for compounding and administering hazardous drugs as well as transferring liquids between two separated vessels during manufacturing and packaging processes. CSTDs help prevent occupational exposure to hazardous drugs and allow for drug handling in a closed environment, thereby minimizing potential exposure. Growing safety concerns regarding hazardous drugs in the healthcare industry have boosted the demand for closed system transfer devices.

The closed system transfer device market is estimated to be valued at USD 1.40 Bn in 2024 and is expected to reach USD 4.07 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 16.5% from 2024 to 2031.

Key Takeaways

Key players operating in the closed system transfer device market are General Electric, Molded Fiber Glass, Vesta, AREVA WIND, Bora Energy AVANTIS Energy, DeWind, ENERCON, EWT, GBT Composites Technology, Xinjiang Goldwind Science and Technology, Hexcel, Indutch composites technology, Inoxwind, Reliance Industries, Leitner, NORDEX, ReGen Powertech, SR Fibreglass Auto, and Wind World.

The growing geriatric population and increasing incidence of chronic diseases are fueling the demand for pharmaceutical drugs. This has resulted in significant opportunities for closed system transfer device manufacturers to strengthen their market position through new product launches that meet stringent safety standards.

North America dominates the Closed System Transfer Device Market Demand owing to stringent regulatory policies regarding drug safety in the region. However, Asia Pacific is expected to offer lucrative growth opportunities during the forecast period with the growing pharmaceutical industry in India and China and increasing healthcare expenditures. Market players are expanding their manufacturing facilities and distribution networks in emerging regions to capitalize on high growth opportunities.

Market Drivers

Stringent regulations regarding occupational safety in healthcare institutions handling cytotoxic drugs is a major factor driving the adoption of closed system transfer devices. For instance, NIOSH recommends the use of CSTDs for compounding, preparing, and administering hazardous drugs. The device allows for drug transfer while minimizing the release of toxic drug vapors. Growing awareness about the health hazards of occupational exposure to cytotoxic drugs among healthcare workers is further propelling the need for closed drug transfer systems.

PEST Analysis Political: The healthcare regulatory policies and approval procedures by various government bodies impacts the adoption of closed system transfer device systems in different regions.

Economic: Factors such as growing healthcare expenditures, rising focus on safety of healthcare workers from biohazard exposure, and availability of funding from private and public sources influence the demand for closed system transfer devices.

Social: Increasing patient awareness regarding safety, growing focus on error proofing healthcare delivery systems, and technological advancements drive the preference for Closed System Transfer Device market Size And Trends over traditional devices.

Technological: Advancements in material sciences, automation, and integration of smart sensors are enabling the development of advanced closed system transfer devices with improved functionalities and safety features. Continuous technological upgrading remains important.

Geographical Regions

North America accounts for the largest share of the closed system transfer device market in terms of value, led by the extensive adoption across healthcare facilities and stringent worker safety regulations in the US and Canada.

Asia Pacific is poised to be the fastest growing regional market for closed system transfer devices during the forecast period, driven by factors such as the rising health expenditure, increasing patient pool, growingMedical tourism industry, and strengthening regulatory standards regarding hazardous drug handling across major countries. Regions where market is concentrated and fastest growing region:

The market for closed system transfer device is concentrated in North America region in terms of value due to extensive adoption across healthcare facilities and stringent worker safety regulations in US and Canada. Asia Pacific region is poised to be the fastest growing region during the forecast period due to factors like rising health expenditure, increasing patient pool, growing medical tourism industry and strengthening regulatory standards regarding hazardous drug handling across major countries. Get More Insights On, Closed System Transfer Device Market About Author: Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)

#Demand #Closed System Transfer Device Market Size #Closed System Transfer Device Market Trends #Closed System Transfer Device #Closed System Transfer Device Market

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alicesara611 · 1 year ago

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The Impact of Technological Advancements on the Closed System Drug Transfer Device Market By 2023 to 2030

The global closed system drug transfer device (CSTD) market is expected to grow from US$ 1519.51 million in 2023 to US$ 5206.9 million by 2030, at a CAGR of 22.79%. Closed System Drug Transfer Devices (CSTDs) are medical devices that are used to transfer hazardous drugs from one container to another without exposing healthcare workers to the drug or its aerosolized particles. CSTDs are becoming increasingly popular, as they can help to reduce the risk of occupational exposure to hazardous drugs, which can lead to a number of health problems, including cancer, reproductive problems, and respiratory problems.

The closed system drug-transfer device, or closed system transfer device (CSTD), is a widely used device that stops dangerous environmental toxins from entering the system. Additionally, it limits the amount of dangerous drug vapor concentrations that can exit the system. Currently, there are two basic design approaches used in closed system transfer devices: one that incorporates physical barriers and another that uses air-cleaning technologies. The closed system transfer devices (CSTD) market is anticipated to grow during the forecast period as a result of the growing emphasis on enhancing the general safety of healthcare personnel who are in charge of administering and synthesizing hazardous medications.

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Closed system drug transfer devices (CSTDs) are medical devices that protect healthcare workers and patients from exposure to hazardous drugs. CSTDs create a closed system during the preparation, administration, and disposal of hazardous drugs, minimizing the risk of drug aerosols, drug contamination, sharps exposure, and hazardous drug exposure.

Key Takeaways:

The global closed system drug transfer device (CSTD) market is expected to grow from US$ 1519.51 million in 2023 to US$ 5206.9 million by 2030, at a CAGR of 22.79%.

The growth of the market is attributed to the increasing use of CSTDs to reduce the risk of exposure to hazardous drugs and other hazardous substances, as well as the rising prevalence of cancer and other chronic diseases.

The oncology segment is expected to account for the largest share of the market during the forecast period, due to the increasing use of CSTDs for the administration of chemotherapy drugs.

The North American region is expected to dominate the market during the forecast period, owing to the early adoption of CSTDs in the region and the presence of a large number of key players.

Regional Outlook:

The global CSTD market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America is expected to remain the largest market for CSTDs during the forecast period, owing to the early adoption of CSTDs in the region and the presence of a large number of key players.

Europe is expected to be the second-largest market for CSTDs during the forecast period, due to the increasing awareness of the benefits of CSTDs and the rising prevalence of chronic diseases in the region.

The Asia Pacific market is expected to grow at the fastest CAGR during the forecast period, owing to the increasing prevalence of cancer and other chronic diseases, as well as the rising demand for CSTDs in emerging economies such as India and China.

Key Players:

The key players in the global CSTD market include:

BD Medical, Inc.

ICU Medical, Inc.

Equashield, LLC

Hospira

Chemolock

B. Braun Medical Inc.

Teva Medical Ltd.

Corvida Medical

OnGuard

Baxter International Inc.

Medline Industries, Inc.

Segmentation:

The global CSTD market is segmented based on type, application, and end user.

By Type:

Closed vial transfer devices

Closed syringe transfer devices

Closed IV admixtures transfer devices

Others

By Application:

Oncology

Non-oncology

By End User:

Hospitals

Ambulatory surgical centers

Home healthcare

Others

#Closed System Drug Transfer Device (CSTD) Market

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vanshika393 · 1 year ago

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Closed System Transfer Devices Market- Share and Demand Analysis with Size, Growth Drivers and Forecast to 2030 | Credence Research

The latest market report published by Credence Research, Inc. “Global Closed System Transfer Devices Market: Growth, Future Prospects, and Competitive Analysis, 2023 – 2030. The global Closed System Transfer Devices Market has been steadily growing in recent years and is predicted to grow at a 20.30% CAGR between 2023 and 2030. The market is anticipated to be worth USD 4934.0 million by 2030, up from USD 1124.8 million in 2022.

The Closed System Transfer Devices (CSTD) Market refers to the industry involved in the development, manufacturing, and distribution of specialized medical devices designed to safely transfer and handle hazardous drugs in healthcare settings. These devices are primarily used to protect healthcare workers, patients, and the environment from exposure to potentially harmful drugs, such as chemotherapy medications and other toxic substances.

Closed System Transfer Devices consist of various components, including vials, syringes, connectors, and tubing systems, all of which are designed to create a closed and sealed system for drug transfer. This closed system minimizes the risk of drug spills, aerosolization, and contamination during the preparation, administration, and disposal of hazardous drugs. It helps prevent accidental exposure, which can have serious health consequences for healthcare workers and patients.

The CSTD market has grown in response to the increasing awareness of the potential dangers associated with handling hazardous drugs and the need for stringent safety measures. Regulatory agencies, such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA), have issued guidelines and recommendations for the use of Closed System Transfer Devices to protect healthcare professionals and patients.

Closed System Transfer Devices Market Growth Factor Worldwide

The Closed System Transfer Devices (CSTD) market has witnessed substantial growth in recent years. The global demand for these advanced medical devices, designed to transfer hazardous drugs without any leakage or contamination, continues to rise rapidly. Several factors contribute to this market expansion. First and foremost, the increasing prevalence of cancer worldwide has significantly fueled the adoption of CSTDs in chemotherapy administration and drug compounding processes.

As healthcare providers prioritize patient safety and minimize the risk of exposure to harmful substances, CSTDs have emerged as a critical solution that ensures both healthcare worker protection and maximal drug efficacy. Additionally, stringent government regulations mandating the use of CSTDs further drive their market growth across various regions globally. Moreover, advancements in technology have led to more innovative CSTD designs with enhanced features such as mechanical valves and air-cleaning systems, which are highly effective at preventing hazardous drug emissions during transfer.

This continuous development propels research and development activities within the industry while fostering increased adoption rates among hospitals, clinics, ambulatory surgical centers, and pharmacies alike. Furthermore, growing awareness regarding occupational hazards associated with handling cytotoxic drugs further boosts usage rates of closed system transfer devices as a precautionary measure by care providers worldwide.

The global Closed System Transfer Devices Market is highly competitive, with several key players. Some of the major players in the market and their market share are as follows:

B. Braun Holding Gmbh & Co. Kg

Equashield Llc.

Fimi Opportunity Funds (Simplivia Healthcare Ltd.)

Jcb Co., Ltd. (Jms Co Ltd)

Icu Medical Inc.

Baxter International Inc

Yukon Medical, Llc.

Caragen Ltd.

Corvida Medical, Inc.

Becton, Dickinson, And Company

Browse 247 pages report Closed System Transfer Devices Market By End User (Hospitals, Oncology Centers, Pharmaceutical and Biotechnology Companies, Homecare Settings) By Drug Type (Hazardous Drugs, Non-Hazardous Drugs) By Application (Chemotherapy, Antiviral and Biological Drugs, Other Drug Classes)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030 - https://www.credenceresearch.com/report/closed-system-transfer-devices-market

The Closed System Transfer Devices (CSTD) market, which includes equipment and technologies designed to safely transfer hazardous drugs, faces several major challenges and risks:

Regulatory Compliance: CSTDs must adhere to strict regulatory guidelines and standards, such as those set forth by organizations like the U.S. Food and Drug Administration (FDA). Manufacturers and healthcare facilities must continually update and modify their devices to comply with changing regulations, which can be costly and time-consuming.

Costs: Implementing CSTDs in healthcare facilities can be expensive. The initial purchase cost, ongoing maintenance, and staff training can strain budgets. Facilities often have to weigh these costs against the potential benefits of reduced exposure risks.

Compatibility Issues: CSTDs need to be compatible with a wide range of drug containers and administration systems. Ensuring compatibility can be challenging, especially as new drugs and delivery systems are developed.

User Training: Proper training is crucial for the safe and effective use of CSTDs. Ensuring that healthcare personnel are adequately trained and consistently follow proper procedures is a challenge, as staff turnover and varying levels of experience can lead to lapses in adherence.

Product Selection: Healthcare facilities must carefully select the right CSTDs for their specific needs. With a variety of options available, including different technologies and manufacturers, making the right choice can be complex and may require extensive research.

Why to Buy This Report-

The report provides a qualitative as well as quantitative analysis of the global Closed System Transfer Devices Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.

The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.

Major nations in each region with their import/export statistics

The global Closed System Transfer Devices Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.

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jean-perry · 2 years ago

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sapanas · 4 years ago

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Closed System Drug Transfer Device (CSTD) Market Global Projection And Developments Status

Closed System Drug Transfer Device (CSTD) Market Insight

The closed system drug transfer device (CSTD) market is growing rapidly over recent years. Factors such as the rising prevalence of cancer and the need to protect healthcare workers and biotechnology scientists & assistants against the harmful risks of hazardous drug exposure are driving the growth of the market. Besides, guidelines outlined by federal agencies such as the National Institute for Occupational Safety and Health (NIOSH) to prevent possible workplace hazards are spurring the CSTD market demand.

Moreover, rapid advancements in medical science & biotechnology and increasing adoption of the latest technologies are accelerating the growth of the market. Market Research Future (MRFR) states that the global closed system drug transfer device (CSTD) market is expected to reach a valuation of USD 6,312.52 MN by 2025. In its latest report, MRFR also asserts that the market would register a CAGR of 19.10% throughout the forecast period (2018-2025). Rising cancer cases is a primary growth driver.

Furthermore, the growing uses of biologics and substantial investments drawn in the R&D to develop advanced CSTDs are boosting the growth of the market significantly. Additionally, spreading awareness, advantages of CSTD, and beneficial reimbursement policies impact the market growth, positively.

USP General Chapter <800>, published on February 1, 2016, with an implementation date of December 2019 describing the practice and quality standards for handling hazardous drugs in health care settings will significantly impact healthcare institutions. With USP <800> implementation date proceeding rapidly, pre-planning for compliance is becomes paramount. For the required coordination and efficiency for implementation of USP <800>, CSTD manufacturers have created online resources to help healthcare providers with the preparation.

These documentations provide valuable insights, interactive resources, and a detailed requirement checklist for HC institutions that want to start on planning and implementing the new protocols. They strive to develop USP <800> complied CSTDs to help healthcare facilities to prevent accidental exposure to hazardous drugs for workers and patients during compounding and administration.

Closed System Drug Transfer Device (CSTD) Market – Segments

The market is segmented into four dynamics to widen the scope of understanding,

By Type : Barrier-Type and Filtration-Type.

By Delivery : Closed Vial Access Devices, Closed Bag/Line Access Devices, and Closed Syringe Safety Devices.

By End-user : Specialty Centers, Hospitals & Clinics, and others.

By Regions : Europe, North America, APAC, and the Rest-of-the-World (RoW).

Closed System Drug Transfer Device (CSTD) Market – Geographical Analysis

North America dominates the global closed system drug transfer device market with the largest market share. Major factors that are driving the regional market growth include the rise in cancer cases and funding support to encourage research and development infrastructure. Additionally, well-spread awareness of CSTD alongside technological advances in the healthcare industry boosts the growth of the regional market.

A huge patient pool undergoing treatments for cancer and the increasing geriatric population in the region support the growth of the market. Moreover, surging numbers of research activities and comparatively higher adoption of related CSTDs in the US and Canada impact the regional market growth, positively. Furthermore, the presence of major market players and developed healthcare infrastructure foster regional market growth.

Europe is another phenomenally growing market closed system drug transfer device, globally. Flourishing medical device markets, burgeoning life science industries, and the presence of pharma giant companies bolster the regional market growth.

The resurging economy in Europe plays a vital role in market development, allowing the proliferation of the healthcare sector in the region. Furthermore, increasing investment in the development of CSTDs drives the regional market on a large scale. The European CSTD market is estimated to register a phenomenal CAGR during the review period.

Closed System Drug Transfer Device market in the Asia Pacific region is growing rapidly. This growth attributes to the investments by new players and the increasing prevalence of cancer. Besides, government initiatives to encourage safe drug handling practices in India and China are influencing regional market growth. Furthermore, the growing demand for quality devices in biotechnology and rapidly developing healthcare technology is expected to lead the market growth in the APAC region.

Closed System Drug Transfer Device (CSTD) Market – Competitive Landscape

The closed CSTD market appears to be fiercely competitive and fragmented due to the presence of many well-established players. To garner a more significant share in the market, brand reinforcement, mergers & acquisitions, and innovation remain the popular trends for the key players.

Closed System Drug Transfer Device (CSTD) Market Major Players:

Players leading the CSTD market include Teva Pharmaceutical Industries Ltd. (Israel), Becton, Dickinson and Company (US), Equashield LLC (US), Yukon Medical (US), ICU Medical Inc. (US), and Corvida Medical (US), among others.

Get Premium Research Report, Inclusive of COVID-19 Impact Analysis, Find more information @ https://www.marketresearchfuture.com/reports/closed-system-drug-transfer-device-market-7733

Closed System Drug Transfer Device (CSTD) Industry/ Innovation/ Related News:

March 09, 2019 ---- B. Braun Medical Inc. (the US), a leading global provider of innovative medical products, showcased its extensive portfolio of products, services, and technology at National Home Infusion Association (NHIA) Conference & Exposition 2019, held at the Gaylord Palms Convention Center in Orlando, during March 9-13.

The major product featured by B. Braun was a Closed System Transfer Device (CSTD) - OnGuard®, which is the market leader in CSTD air-cleaning technology. OnGuard protects healthcare workers and others against the harmful risks of hazardous drug exposure. The special features of this technology are designed to make OnGuard easy to operate and integrate into practice. Other featured products and services included APEX® Compounding System, Easypump® ST/LT Elastomeric Infusion Pump, CAPS® Services, and CAPS Consulting, among several others.

#Closed System Drug Transfer Device (CSTD) Market #Closed System Drug Transfer Device (CSTD) Market Size #Closed System Drug Transfer Device (CSTD) Market Share #Closed System Drug Transfer Device (CSTD) Market Growth #Closed System Drug Transfer Device (CSTD) Market Analysis #Closed System Drug Transfer Device (CSTD) Market Trends

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mrfrblogresearch02 · 3 years ago

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Closed System Drug Transfer Device Market is Staring at a Promising Future Owing to High Demand for 2022 – 2027

Market Overview: The global closed system drug transfer device (CSTD) market Trends size is poised to expand at 19.10% CAGR over the forecast period. The closed system drug transfer device (CSTD) market is growing rapidly over recent years. Factors such as the rising prevalence of cancer and the need to protect healthcare workers and biotechnology scientists & assistants against the harmful risks of hazardous drug exposure are driving the growth of the market. Besides, guidelines outlined by federal agencies such as the National Institute for Occupational Safety and Health (NIOSH) to prevent possible workplace hazards are spurring the CSTD market demand. Furthermore, the growing uses of biologics and substantial investments drawn in the R&D to develop advanced CSTDs are boosting the growth of the market significantly. Additionally, spreading awareness, advantages of CSTD, and beneficial reimbursement policies impact the market growth, positively. Segmentation Analysis: The market is segmented into four dynamics to widen the scope of understanding,

By Type: Barrier-Type and Filtration-Type.

By Delivery: Closed Vial Access Devices, Closed Bag/Line Access Devices, and Closed Syringe Safety Devices.

By End-user: Specialty Centers, Hospitals & Clinics, and others.

By Regions: Europe, North America, APAC, and the Rest-of-the-World (RoW). Regional Analysis: North America dominates the global closed system transfer device brands with the largest market share. Major factors that are driving the regional market growth include the rise in cancer cases and funding support to encourage research and development infrastructure. Additionally, well-spread awareness of CSTD alongside technological advances in the healthcare industry boosts the growth of the regional market.

A huge patient pool undergoing treatments for cancer and the increasing geriatric population in the region support the growth of the market. Moreover, surging numbers of research activities and comparatively higher adoption of related CSTDs in the US and Canada impact the regional market growth, positively. Furthermore, the presence of major market players and developed healthcare infrastructure foster regional market growth.

Europe is another phenomenally growing market closed system drug transfer device, globally. Flourishing medical device markets, burgeoning life science industries, and the presence of pharma giant companies bolster the regional market growth.

The resurging economy in Europe plays a vital role in market development, allowing the proliferation of the healthcare sector in the region. Furthermore, increasing investment in the development of CSTDs drives the regional market on a large scale. The European CSTD market is estimated to register a phenomenal CAGR during the review period.

Closed System Drug Transfer Device market in the Asia Pacific region is growing rapidly. This growth attributes to the investments by new players and the increasing prevalence of cancer. Besides, government initiatives to encourage safe drug handling practices in India and China are influencing regional market growth. Furthermore, the growing demand for quality devices in biotechnology and rapidly developing healthcare technology is expected to lead the market growth in the APAC region. Competitive Analysis: Key players in the closed system drug transfer device (CSTD) market include Teva Pharmaceutical Industries Ltd. (Israel), Becton, Dickinson and Company (U.S.), Corvida Medical (U.S.), ICU Medical Inc. (U.S.), Yukon Medical (U.S.), and Equashield LLC (U.S.).

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#Closed System Drug Transfer Device Market

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wiseguyreport1221 · 3 years ago

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market-research-future · 3 years ago

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Closed System Drug Transfer Device Market Statistics, Overview, Future Outlook and Share Analysis To 2027

Overview The global closed system drug transfer device (CSTD) market size is poised to expand at 19.10% CAGR over the forecast period (2018-2025). The market is driven by the prevalence of cancer cases globally. According to the Canadian Cancer Society in 2017, nearly 206, 200 instances were registered with 80,800 dying from the disease. CSTDs are required for protecting hospital staff from…

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wiseguysreport · 3 years ago

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Voltmeter Middle East and Africa Market Research Report 2021-2028.

This report elaborates the market size, market characteristics, and market growth of the Voltmeter industry, and breaks down according to the type, application, and consumption area of Voltmeter. The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. In Chapter 3.4 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Voltmeter in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19. Also read :http://www.marketwatch.com/story/voltmeter-market-research-report-with-size-share-value-cagr-outlook-analysis-latest-updates-data-and-news-2020-2025-2021-07-12 In addition, chapters 8-12 consider the impact of COVID-19 on the regional economy. Key players in the global Voltmeter market covered in Chapter 13: STB MASTECH Fluke Keysight Technologies FLIR Systems Davtron HIOKI Prokit's Industries Tru-Test In Chapter 6, on the basis of types, the Voltmeter market from 2015 to 2025 is primarily split into: DC Voltage AC Voltage In Chapter 7, on the basis of applications, the Voltmeter market from 2015 to 2025 covers: Electric Power Education Military Lab Automotive Others Geographically, the detailed analysis of production, trade of the following countries is covered in Chapter 4.2, 5: United States Europe China Japan India Also read :http://www.marketwatch.com/story/solar-micro-inverter-market-research-report-with-size-share-value-cagr-outlook-analysis-latest-updates-data-and-news-2020-2026-2021-07-17 Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 8, 9, 10, 11, 12: North America (Covered in Chapter 8) United States Canada Mexico Europe (Covered in Chapter 9) Germany UK France Italy Spain Others Asia-Pacific (Covered in Chapter 10) China Japan India South Korea Southeast Asia Others Middle East and Africa (Covered in Chapter 11) Saudi Arabia UAE South Africa Others South America (Covered in Chapter 12) Brazil Others Years considered for this report: Historical Years: 2015-2019 Base Year: 2019 Estimated Year: 2020 Forecast Period: 2020-2025 Also read :http://www.marketwatch.com/story/closed-system-drug-transfer-device-cstd-systems-market-research-report-with-size-share-value-cagr-outlook-analysis-latest-updates-data-and-news-2021-2026-2021-07-16 TABLE OF CONTENTS: 1 Voltmeter Market - Research Scope 1.1 Study Goals 1.2 Market Definition and Scope 1.3 Key Market Segments 1.4 Study and Forecasting Years 2 Voltmeter Market - Research Methodology 2.1 Methodology 2.2 Research Data Source 2.2.1 Secondary Data 2.2.2 Primary Data 2.2.3 Market Size Estimation 2.2.4 Legal Disclaimer 3 Voltmeter Market Forces 3.1 Global Voltmeter Market Size 3.2 Top Impacting Factors (PESTEL Analysis) 3.2.1 Political Factors 3.2.2 Economic Factors 3.2.3 Social Factors 3.2.4 Technological Factors 3.2.5 Environmental Factors 3.2.6 Legal Factors 3.3 Industry Trend Analysis 3.4 Industry Trends Under COVID-19 3.4.1 Risk Assessment on COVID-19 3.4.2 Assessment of the Overall Impact of COVID-19 on the Industry 3.4.3 Pre COVID-19 and Post COVID-19 Market Scenario 3.5 Industry Risk Assessment 4 Voltmeter Market - By Geography 4.1 Global Voltmeter Market Value and Market Share by Regions 4.1.1 Global Voltmeter Value ($) by Region (2015-2020) 4.1.2 Global Voltmeter Value Market Share by Regions (2015-2020) 4.2 Global Voltmeter Market Production and Market Share by Major Countries 4.2.1 Global Voltmeter Production by Major Countries (2015-2020) 4.2.2 Global Voltmeter Production Market Share by Major Countries (2015-2020) 4.3 Global Voltmeter Market Consumption and Market Share by Regions 4.3.1 Global Voltmeter Consumption by Regions (2015-2020) 4.3.2 Global Voltmeter Consumption Market Share by Regions (2015-2020) 5 Voltmeter Market - By Trade Statistics 5.1 Global Voltmeter Export and Import 5.2 United States Voltmeter Export and Import (2015-2020) 5.3 Europe Voltmeter Export and Import (2015-2020) 5.4 China Voltmeter Export and Import (2015-2020) 5.5 Japan Voltmeter Export and Import (2015-2020) 5.6 India Voltmeter Export and Import (2015-2020) 5.7 ... 6 Voltmeter Market - By Type 6.1 Global Voltmeter Production and Market Share by Types (2015-2020) 6.1.1 Global Voltmeter Production by Types (2015-2020) 6.1.2 Global Voltmeter Production Market Share by Types (2015-2020) 6.2 Global Voltmeter Value and Market Share by Types (2015-2020) 6.2.1 Global Voltmeter Value by Types (2015-2020) 6.2.2 Global Voltmeter Value Market Share by Types (2015-2020) 6.3 Global Voltmeter Production, Price and Growth Rate of DC Voltage (2015-2020) 6.4 Global Voltmeter Production, Price and Growth Rate of AC Voltage (2015-2020) 7 Voltmeter Market - By Application 7.1 Global Voltmeter Consumption and Market Share by Applications (2015-2020) 7.1.1 Global Voltmeter Consumption by Applications (2015-2020) 7.1.2 Global Voltmeter Consumption Market Share by Applications (2015-2020) 7.2 Global Voltmeter Consumption and Growth Rate of Electric Power (2015-2020) 7.3 Global Voltmeter Consumption and Growth Rate of Education (2015-2020) 7.4 Global Voltmeter Consumption and Growth Rate of Military (2015-2020) 7.5 Global Voltmeter Consumption and Growth Rate of Lab (2015-2020) 7.6 Global Voltmeter Consumption and Growth Rate of Automotive (2015-2020) 7.7 Global Voltmeter Consumption and Growth Rate of Others (2015-2020) 8 North America Voltmeter Market 8.1 North America Voltmeter Market Size 8.2 United States Voltmeter Market Size 8.3 Canada Voltmeter Market Size 8.4 Mexico Voltmeter Market Size 8.5 The Influence of COVID-19 on North America Market 9 Europe Voltmeter Market Analysis 9.1 Europe Voltmeter Market Size 9.2 Germany Voltmeter Market Size 9.3 United Kingdom Voltmeter Market Size 9.4 France Voltmeter Market Size 9.5 Italy Voltmeter Market Size 9.6 Spain Voltmeter Market Size 9.7 The Influence of COVID-19 on Europe Market 10 Asia-Pacific Voltmeter Market Analysis 10.1 Asia-Pacific Voltmeter Market Size 10.2 China Voltmeter Market Size 10.3 Japan Voltmeter Market Size 10.4 South Korea Voltmeter Market Size 10.5 Southeast Asia Voltmeter Market Size 10.6 India Voltmeter Market Size 10.7 The Influence of COVID-19 on Asia Pacific Market 11 Middle East and Africa Voltmeter Market Analysis 11.1 Middle East and Africa Voltmeter Market Size 11.2 Saudi Arabia Voltmeter Market Size 11.3 UAE Voltmeter Market Size 11.4 South Africa Voltmeter Market Size 11.5 The Influence of COVID-19 on Middle East and Africa Market 12 South America Voltmeter Market Analysis 12.1 South America Voltmeter Market Size 12.2 Brazil Voltmeter Market Size 12.3 The Influence of COVID-19 on South America Market 13 Company Profiles 13.1 STB 13.1.1 STB Basic Information 13.1.2 STB Product Profiles, Application and Specification 13.1.3 STB Voltmeter Market Performance (2015-2020) 13.2 MASTECH 13.2.1 MASTECH Basic Information 13.2.2 MASTECH Product Profiles, Application and Specification 13.2.3 MASTECH Voltmeter Market Performance (2015-2020) 13.3 Fluke 13.3.1 Fluke Basic Information 13.3.2 Fluke Product Profiles, Application and Specification 13.3.3 Fluke Voltmeter Market Performance (2015-2020) 13.4 Keysight Technologies 13.4.1 Keysight Technologies Basic Information 13.4.2 Keysight Technologies Product Profiles, Application and Specification 13.4.3 Keysight Technologies Voltmeter Market Performance (2015-2020) 13.5 FLIR Systems 13.5.1 FLIR Systems Basic Information ….continued Contact Details: NORAH TRENT [email protected] Ph: +162-825-80070 (US) Ph: +44 2035002763 (UK) 971 0503084105

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ramshariraut · 3 years ago

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"Closed System Drug Transfer Device (CSTD) Market 2021-2028 | by Top Key Players: BD Medical, Inc,Teva Medical Ltd,Equashield,ICU Medical,B. Braun,Corvida Medical "

Global Closed System Drug Transfer Device (CSTD) Market, Geography (North America (United States, Canada and Mexico), South America (China, Japan, Korea, India and Southeast Asia), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), Middle East and Africa (Saudi Arabia, Egypt, Nigeria and South Africa)) Industry Trends 2021-2028

Market Overview The research study of the Closed System Drug Transfer Device (CSTD) market is designed on account of the fact that each segment is individually evaluated and then combined to form the whole market, and the analysis is done according to customers’ needs. The Closed System Drug Transfer Device (CSTD) market is made to receive high growth in the forecast period due to fast-paced industrialization and urbanization in the developing countries. Moreover, strengthening traffic infrastructure projects and micro-tunneling activities are further expected to drive the growth of the Closed System Drug Transfer Device (CSTD) market. However, high investment costs may affect the overall market growth. Besides, increasing applicability in the mining industry and technological advancements are likely to reflect various significant chances for the key players operating in the Closed System Drug Transfer Device (CSTD) market during the forecast period.

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Methodology Primary and secondary research methods are examined to follow the entire scientific research systematically. Primary research consists of raw material supply, industry status, and other indexes while secondary research includes divisions according to industry conditions and key innovations related to the Closed System Drug Transfer Device (CSTD) market. The report is based on various research techniques. Substantial qualitative, as well as quantitative research, is done along with an entire marketing procedure to record the key features.

Market Segmentation The segmentation of the global Closed System Drug Transfer Device (CSTD) industry is carried out in this report based on various variables, such as scale, framework, business, and end-use area. In addition, each segment is established along with growth analysis to provide all the important details for the forecast period. The regional summary provides an estimation of the quantity and revenues of each region, along with its respective nations. The work also includes numerous facets of the industry, such as import & export, supply chain valuation, Closed System Drug Transfer Device (CSTD) market share, sales, volume, and so on. In addition, the research examines market-influencing considerations that include production processes and methodologies, development networks, and the product model. This study would certainly provide you with an unmistakable glimpse into any particular business fact without having to refer to any other research paper or source of knowledge. Our research will give you all the information on the history, current, and future fate of the sector in question.

Report Summary Any sort of report in an organization is a valuable and important tool regardless of the scale on which it operates. It provides a method to track and examine the performance and overall circumstances of the business while identifying areas that require improvement for the better functioning of the organization. A business report also holds great importance in the fact that it suggests corrective actions that need to be done to avoid the business fails to meet the desired targets and thus helps to recover in times of adversities. An annual report prepared in the company is an effective tool for providing management, employees, investors, and other clients with a complete picture of their business.

Reasons to buy this report: Detailed analysis of key factors and opportunities available in different segments for strategizing. Detailed analysis of the latest trends and forecasts to create a plan for the next step. Detailed analysis of various segments and their driving factors such as growth rate and revenue is offered. A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity. This study presents the analytical depiction of the Closed System Drug Transfer Device (CSTD) industry along with the current trends and future estimations to determine the imminent investment pockets. The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the Closed System Drug Transfer Device (CSTD) market share.

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Top Listed Companies in the Closed System Drug Transfer Device (CSTD) Market Include

BD Medical, Inc,Teva Medical Ltd,Equashield,ICU Medical,B. Braun,Corvida Medical

Regional Analysis North America, Latin America, Asia-Pacific nations, Europe, India, China, Australia, and a lot of other countries of the world have been scaled on various parameters and thereafter a report is being made on them. It is observed that North America, will show positive development during the period in marketing development. Administrative organizations and marketing managers are trying to channelize and integrate all the effort toward developing an efficient marketing system. As the important parts of the market business would spread all around the world, Middle East, Africa, North America along other Asia-Pacific nations shows great signs of developing a good market-oriented environment in their area. Customization of the report: The customized report is provided by our consultancy at a reasonable price. We provide updated information according to the requirements of the customers in the market world.

Benefits: 1. Well updated information. 2. Statistical report provided. 3. Discount offer in customization. 4. Service at the global level. 5. Company research report provided.

Services: 1. Expert analysts at your service. 2. Service according to your needs 3. Clearance of your queries. 4. Whole day service 5. Well updated Report.

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About Statistify Market Research Statistify Market Research focuses on some basic research techniques of exploratory research, descriptive research, and casual research. In exploratory research in-depth interviews and discussion groups are used to better define a problem of scout opportunities. The descriptive research methods include personal interaction and surveys used to access a situation in the marketplace ( i.e., the potential for a specific product or consumer attitudes). The causal research is conducted through estimation and is used for testing cause and effect relationships. This research design is a framework or blueprint for conducting the marketing research project.

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#Europe Closed System Drug Transfer Device (CSTD) Market France Closed System Drug Transfer Device (CSTD) Market Germany Closed System Drug

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healthcare-market · 3 years ago

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Closed System Transfer Devices [CSTD] Market Will Escalate Rapidly in the Near Future

Closed System Transfer Devices (CSTD) Market: Introduction

According to the report, the global closed system transfer devices (CSTD) market was valued at US$ 764.7 Mn in 2019 and is projected to reach US$ 2.4 Bn by 2030, expanding at a CAGR of ~11% from 2020 to 2030. Closed system transfer devices (CSTDs) are used to transfer medication from one reservoir to another, while limiting the potential for drug aerosolization, drug contamination, sharps exposure, and hazardous drug exposure. The closed drug reconstitution and transfer system components allow safe reconstitution of liquid or pre?dissolved powder drugs into infusion bags, flexible bottles, or syringes. Single, partial, or multiple vials can be used for each infusion solution container. Components of CSTD system are vial adaptors, syringe adaptors, spike port adaptor, connecting set, Luer lock adaptor, and tubing sets & accessories. These products have shorter lifespan and are primarily single-use products.

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Closed System Transfer Devices (CSTD) Market Dynamics

In terms of product, the global closed system transfer devices (CSTD) market has been divided into systems (needle free systems and needle systems), component (vial adaptors and syringe adaptors), tubing sets and accessories. New closed system transfer devices are easy to operate and integrate into practice, are designed to reduce waste, help make implementations easier, and reduce confusion. These factors are expected to drive the segment. Based on application, the global closed system transfer devices (CSTD) market has been categorized into pharmacy, nursing, and veterinary. Increase in awareness to avoid occupational exposure to drugs and availability of new closed system transfer devices in hospital pharmacies are likely to drive the pharmacy segment during the forecast period.

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Pharmaceuticals and biotechnology are large components of the healthcare system. Prices of drugs continue to rise every year, especially intravenous antineoplastic agents, cytotoxic antibiotics, alkylating drugs, and monoclonal antibodies. In 2017, the global sales of oncology-related medications stood at around US$ 133 Bn, with nearly US$ 50 Bn sales in the U.S. Devices such as closed system transfer devices increase the lifeline of drugs by preserving the sterility of single use medication vials for up to at least 1 week by preventing contamination. According to the U.S. Pharmacopeia Chapter 797 (USP 797), single-use vials should be used within six hours of opening, if maintained in an International Organization for Standardization (ISO) 5 environment.

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North America to Dominate Global Market

The global closed system transfer devices (CSTD) market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for major share of the global closed system transfer devices (CSTD) market in 2019. Exposure to hazardous drugs can result in adverse health effects in healthcare workers. Hence, increase in exposure of healthcare workers to hazardous drugs at the workplace is likely fuel the growth of the market in North America. According to the Centers for Diseases Control and Prevention, nearly 8 million healthcare workers in North America are potentially exposed to hazardous drugs.

China is likely to be a highly lucrative market for closed system transfer devices (CSTD) during the forecast period. Rise in the target population requiring treatment in developed regions and higher utilization of CSTDs are expected to drive the global closed system transfer devices (CSTD) market during the forecast period.

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Competition Landscape

ICU Medical, Inc., Baxter International, Inc., B. Braun Melsungen AG, and Equashield LLC are the three major companies operating in the global closed system transfer devices (CSTD) market. The global closed system transfer devices (CSTD) market is fragmented in terms of number of players. Key players in the global market include ICU Medical, Inc., Baxter International, Inc., B. Braun Melsungen AG, Becton, Dickinson and Company, Equashield LLC, Corvida Medical, Yukon Medical, Caragen Ltd., and JMS Co. Ltd.

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article-research · 3 years ago

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Closed System Drug Transfer Device Market Size, Share, Growth Opportunity and Trends by Growing CAGR Till 2026

The global Closed System Drug Transfer Device Market report offers a comprehensive assessment of the market for the forecast years. The report contains several segments and an analysis of the market trends and growth factors that are playing a vital role in the market. These factors encompass the drivers, restraints, and opportunities. This globe industry offers an outlook on the strategic development of the market in terms of revenue profits over the forecast period 2021-2026.

The key market players for the global Closed System Drug Transfer Device market are listed below:

BD Medical, Inc

Teva Medical Ltd

Equashield

ICU Medical

B. Braun

Corvida Medical

Others

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The Global Closed System Drug Transfer Device Market Report is equipped with market data from 2016 to 2026. The report gives a market overview covering key drivers and risk factors. The report is bifurcated by top global manufactures mentioning sales, revenue, and prices as applicable. It also evaluates the competitive scenario of the leading players. The report expands to cover regional market data along with type and application. The report forecasts sales and revenue from 2021 to 2026. The detailed sales channel is also covered in the study.

COVID-19 Impact Analysis on Closed System Drug Transfer Device Market

The global pandemic COVID-19 has affected the Closed System Drug Transfer Device (CSTD) market directly or indirectly. This study covers a separate section giving an explicitly clear understanding of the aftereffects of this pandemic. The detailed study highlights the probable outcomes of this global crisis on the Closed System Drug Transfer Device (CSTD) industry. The impact study on production, supply-demand, and sales provides a holistic approach to the future.

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Why Purchase this Report?

A robust research methodology has been followed to collect data for the report. Data, thus collected passes through multiple quality checks to ensure the best quality is served.

The report gives a holistic view of the competitive scenario of the Closed System Drug Transfer Device (CSTD) market

The latest product launches along with technological changes and development are covered in the report.

The data analysis in the report helps in understanding the anticipated Closed System Drug Transfer Device (CSTD) market dynamics from 2021 to 2026.

DecisionDatabases has a vast repository of data, therefore, we can accommodate customized requirements also.

The graphs, tables and pie charts, and info-graphics covered in the report will help in a better understanding of the report.

The market drivers, restraints, upcoming opportunities, and anticipated restraints cited in the report will assist in making an informed decision.

To better understand the market scenario, the Closed System Drug Transfer Device (CSTD) market is segmented as below:

By Types:

Closed Vial Access Devices

Closed Syringe Safety Devices

Closed Bag/Line Access Devices

By Applications:

Hospital

Clinic

By Regions:

North America (U.S., Canada, Mexico)

Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

Latin America (Brazil, Rest of L.A.)

The Middle East and Africa (Turkey, GCC, Rest of Middle East)

The content of the study subjects includes a total of 14 chapters:

Chapter 1: To describe Closed System Drug Transfer Device (CSTD) product scope, market overview, market opportunities, market driving force, and market risks. Chapter 2: To profile the top manufacturers of Closed System Drug Transfer Device (CSTD), with price, sales, revenue, and global market share of Closed System Drug Transfer Device (CSTD) in 2018 and 2019. Chapter 3: The Closed System Drug Transfer Device (CSTD) competitive situation, sales, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4: The Closed System Drug Transfer Device (CSTD) breakdown data are shown at the regional level, to show the sales, revenue, and growth by region, from 2015 to 2020. Chapter 5 and 6: To segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020. Chapter 7, 8, 9, 10 & 11: To break the sales data at the country level, with sales, revenue, and market share for key countries in the world, from 2016 to 2021 and Closed System Drug Transfer Device market forecast, by regions, type, and application, with sales and revenue, from 2021 to 2026. Chapter 12, 13 & 14: To describe Closed System Drug Transfer Device (CSTD) sales channel, distributors, customers, research findings and conclusion, appendix, and data source.

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shraddha0330 · 4 years ago

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sapanas · 4 years ago

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Closed System Drug Transfer Device (CSTD) Market Projected To Gain An Uptick During 2019 - 2027

Closed System Drug Transfer Device (CSTD) Market Insight

The closed system drug transfer device (CSTD) market is growing rapidly over recent years. Factors such as the rising prevalence of cancer and the need to protect healthcare workers and biotechnology scientists & assistants against the harmful risks of hazardous drug exposure are driving the growth of the market. Besides, guidelines outlined by federal agencies such as the National Institute for Occupational Safety and Health (NIOSH) to prevent possible workplace hazards are spurring the CSTD market demand.

Moreover, rapid advancements in medical science & biotechnology and increasing adoption of the latest technologies are accelerating the growth of the market. Market Research Future (MRFR) states that the global closed system drug transfer device (CSTD) market is expected to reach a valuation of USD 8954.19 Million by 2027. In its latest report, MRFR also asserts that the market would register a CAGR of 19.10% throughout the forecast period (2019-2027). Rising cancer cases is a primary growth driver.