The Closed System Transfer Devices Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Closed System Transfer Devices Market?
The market size for closed system transfer devices has experienced swift expansion in recent years. It is projected to increase from $1.04 billion in 2024 to $1.19 billion in 2025, displaying a compound annual growth rate (CAGR) of 14.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Closed System Transfer Devices Industry?
The Closed System Transfer Devices market is anticipated to reach $2.03 billion by 2029, expanding at a compound annual growth rate (CAGR) of 14.3%.
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What are the Key Growth Drivers Fueling the Closed System Transfer Devices Market?
The drivers in the closed system transfer devices market are:
• Increased oncology drug approvals
• Rising focus on occupational safety
• Growing need to prevent needlestick injuries and exposure to hazardous drugs
• Increased awareness about risks of cytotoxic drug exposure
Global Market Segmentation: Identifying Major Closed System Transfer Devices Industry Segments
The closed system transfer devices market covered in this report is segmented –
1) By Type: Needleless Systems, Membrane-To-Membrane Systems
2) By Technology: Diaphragm-Based, Compartmentalized, Filtration
3) By Closing Mechanism: Color-To-Color Alignment Systems, Push-To-Turn Systems, Click-To-Lock Systems, Luer-Lock Systems
4) By End User: Hospitals And Clinics, Oncology Centers, Other End Users
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What are the emerging Trends Shaping the Future of the Closed System Transfer Devices Market?
The trends in the closed system transfer devices market are:
• New product launches revolving around safety features are an emerging trend.
• The development of digital platforms and user-friendly devices is becoming increasingly influential.
• There is a rising trend of intense research and development activities in the sector.
• The market is being shaped by the increasing adoption of membrane-to-membrane systems.
Who Are the Top Competitors & Leading Players in the Closed System Transfer Devices Market?
The major players in the closed system transfer devices market are:
• Cardinal Health Inc.
Regional Dominance: Which Area Leads the Global Closed System Transfer Devices Market Overview 2025: Size, Share & Growth Analysis Market?
North America was the largest region in the closed system transfer device market in 2023
