Push-to-Turn Systems Segment Held Largest Share of Closed Systems Drug Transfer Devices Market in 2019


PRESS RELEASE BY The Insight Partners 15 Dec 2020

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Push-to-Turn Systems Segment Held Largest Share of Closed Systems Drug Transfer Devices Market in 2019

According to our new market research study on “South & Central America 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$ 118.49 million by 2027 from US$ 28.37 million in 2019; it is estimated to grow at a CAGR of 19.6% from 2020 to 2027. The report provides trends prevailing in the South & Central America 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 South & Central America closed systems drug transfer devices market is mainly attributed to grow 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. However, the lack of regulatory guidelines regarding health workers’ safety in emerging countries may hamper the growth of the market.

B.Braun Medical Inc; Victus, Inc; BD; EQUASHIELD; and ICU MEDICAL INC are among the leading companies operating in the South & Central America closed systems drug transfer devices market.

The Report Segments South & Central America Closed Systems Drug Transfer Devices Market as Follows:

South & Central America Closed Systems Drug Transfer Devices Market – By Closing Mechanism

  • Push-to-turn Systems
  • Luer-lock Systems
  • Color-to-color Alignment Systems
  • Click-to-lock Systems

South & Central America Closed Systems Drug Transfer Devices Market – By Type

  • Membrane-to-membrane Systems
  • Needleless Systems

South & Central America Closed Systems Drug Transfer Devices Market – By Technology

  • Diaphragm-based Devices
  • Compartmentalized Devices
  • Air Cleaning/Filtration Devices

South & Central America Closed Systems Drug Transfer Devices Market – By Component

  • Vial Access Devices
  • Syringe Safety Devices
  • Bag/Line Access Devices
  • Accessories

South & Central America Closed Systems Drug Transfer Devices Market – By End User

  • Hospitals and Clinics
  • Oncology Centers
  • Others

South & Central America Closed Systems Drug Transfer Devices Market – By Country

  • South & Central America
  • Brazil
  • Argentina
  • Rest of South & Central America

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