Closed System Transfer Devices Market is expected to witness significant growth due to the increasing prevalence of cancer and other chronic diseases, which is driving the demand for safe drug handling solutions. Additionally, the rising focus on preventing healthcare worker exposure to hazardous drugs is boosting the adoption of closed system transfer devices in hospitals and specialty clinics. Furthermore, strict regulations and guidelines mandating the use of closed system transfer devices for drug preparation and administration are propelling market growth.
Industry
Report Coverage | Details |
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Segments Covered | Type, Closing Mechanism, Component, End User |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Baxter International, Becton, Dickinson, and Company, CodanMedizinischeGeräte & Co Kg, ICU Medical,, Yukon Medical, B. Braun Melsungen, Equashield, Teva Pharmaceutical Industries., Victus,, and Corvida Medical |
The high cost associated with closed system transfer devices is a major restraint limiting market growth, particularly in emerging economies where healthcare budgets are limited. Moreover, the lack of awareness about the benefits of closed system transfer devices among healthcare professionals is hindering market penetration and adoption.