Report : Asia Pacific Closed Systems Drug Transfer Devices Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Closing Mechanism (Push-to-Turn Systems, Color-to-Color Alignment Systems, Luer-Lock Systems, and Click-to-Lock Systems), Type (Membrane-to-Membrane Systems and Needleless Systems), Technology (Diaphragm-Based Devices, Compartmentalized Devices, and Air Cleaning/Filtration Devices), Component (Vial Access Devices, Syringe Safety Devices, Bag/Line Access Devices, and Accessories), and End User (Hospitals and Clinics, Oncology Centers, and Others) and Geography
According to our new market research study on “Asia PacificClosed Systems Drug Transfer DevicesMarketto 2027 – Regional Analysis and Forecast – by Closing Mechanism,Type, Technology, Component, and EndUser”the market is expected to reach US$ 345.83 millionby 2027 from US$ 75.23 million in 2019; it is estimated to grow at a CAGR of 21.1% from 2020 to 2027. The report provides trends prevailing in the Asia Pacificclosed systems drug transfer devicesmarket and the factors driving the market growth along with those hindering it.
In 2019, the push-to-turn system accounted for the highest share of the market. Growth of this segment is attributed to the increasing preference for push-to-turn mechanism due to superior protection and availability of the product incorporating push-to-turn mechanism. Furthermore, luer-lock systems system segment is expected to register higher CAGR in the closed system drug transfer devices market during the forecast period.
The growth of the Asia Pacificclosed systems drug transfer devicesmarketis mainly attributed togrow due to include growing adoption of chemotherapy and closed system drug transfer device. Furthermore, rising focus on providing safety measures for healthcare professionals is also anticipated to have positive impact on the market growth, especially in countries such as India, China, and Australia.However, the lack of regulatory guidelines regarding health workers’ safety in emerging countries may hamper the growth of the market.
The Report Segments Asia PacificClosed Systems Drug Transfer DevicesMarketas Follows:
Asia PacificClosed Systems Drug Transfer DevicesMarket– ByClosing Mechanism
Asia PacificClosed Systems Drug Transfer Devices Market – ByType
Asia PacificClosed Systems Drug Transfer Devices Market – ByTechnology
Asia PacificClosed Systems Drug Transfer Devices Market – ByComponent
Asia PacificClosed Systems Drug Transfer DevicesMarket– By Country