Report : Europe 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 “Europe Closed Systems Drug Transfer Devices Market to 2027 – Regional Analysis and Forecast – by Closing Mechanism, Type, Technology, Component, and End User” the market is expected to reach US$ 487.58 million by 2027 from US$ 112.01 million in 2019; it is estimated to grow at a CAGR of 20.3% from 2020 to 2027. The report provides trends prevailing in the Europe closed systems drug transfer devices market 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 Europe closed systems drug transfer devices market is mainly attributed to grow due to increase in adoption of chemotherapy and improvement of regulatory guidelines regarding hazardous drugs. Further, involvement of market players in business activities such as sales and research partnership, innovation, and product approvals will drive growth of the closed systems drug transfer devices market in Europe. However, the lack of standards and product safety issues is the major factor hindering the market growth in Europe.
The Report Segments Europe Closed Systems Drug Transfer Devices Market as Follows:
Europe Closed Systems Drug Transfer Devices Market – By Type
Europe Closed Systems Drug Transfer Devices Market – By Technology
Europe Closed Systems Drug Transfer Devices Market – By Component
Europe Closed Systems Drug Transfer Devices Market – By Country