The closed system drug transfer devices market was valued at US$ 374.48 million in 2019 and is projected to reach US$ 1,661.83 million by 2027; it is expected to grow at a CAGR of 20.5% from 2020 to 2027.
The closed system drug transfer device provides protection against hazardous drugs or vapors during drug preparation and administration. It comprises components which enable filtering of dangerous vapors out of the system. Closed system drug transfer devices play a major role in protection of healthcare professionals from antineoplastic as well as other harmful medications. Growing emphasis on implementation of occupational health and safety standards by government authorities are offering lucrative opportunity for the growth of the market. The closed system drug transfer devices market growth is mainly attributed to increase in adoption of chemotherapy and improvement of regulatory guidelines regarding hazardous drugs. Moreover, rising number of chemotherapeutic drug approvals is further expected to foster the market growth during the forecast period. However, the lack of regulatory guidelines regarding health workers’ safety in emerging countries limits the growth of the market.
The closed system drug transfer device market in Europe is highly affected due to coronavirus. For instance, the necessity to divert healthcare staff and resources to address the COVID-19 pandemic has resulted in the suspension of cancer screening programs for asymptomatic patients in many countries. In March 2020, the Welsh government and the Scottish government suspended screening programs for breast, cervical, and bowel cancer.
Lucrative Regions for Closed System Drug Transfer Devices Market
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Market Insights
Growing Adoption of Chemotherapy
Several hazardous drugs such as antineoplastics, monoclonal antibodies, and antibiotics are used during patient treatments protocols. Pharmacists, physicians, nurses, and other healthcare workers are at great risk of exposure to such hazardous drugs. The cancer treatment comprises utilization of antineoplastic drugs that can cause several health implications, if ingested. The antineoplastic can have severe impact during pregnancies, and the exposure can lead to chromosomal abnormalities. The surface contamination of chemotherapy treatment can impact not only healthcare professionals but also patients and their families. Increasing number of cancer cases are anticipated to boost the adoption of chemotherapy across the globe. For instance, according to the World Health Organization, in 2018, ~9.6 million deaths were reported due to cancer across the world. According to the study conducted by American Cancer Society in 2019–2020, chemotherapy is the most common cancer treatment among stage III breast cancer women as ~56.0% of stage III breast cancer cases prefer chemotherapy in the US. Further, according to the same study, ~43.0% of the patients preferred chemotherapy for the treatment of large B-cells during 2012–2016. Thus, the consequent surge in the adoption of chemotherapies would eventually drive the demand for closed system drug transfer devices in the coming years.
Closing Mechanism-Based Insights
Based on closing mechanism, the closed system drug transfer devices market is segmented into push-to-turn systems, color-to-color alignment systems, luer-lock systems, and click-to-lock systems. The push-to-turn systems segment held the largest share of the market in 2019. However, the luer-lock systems segment is anticipated to register the highest CAGR in the market during the forecast period. Push-to-turn is one of the closing mechanisms that successfully prevents aerosol and vapor leakage from the vial. Increasing spending on occupational health of healthcare professionals and growing preference for chemotherapies are likely to drive the demand for closed system drug transfer devices, which would eventually drive the segment growth.
Closed System Drug Transfer Devices Market, by Closing Mechanism – 2019 and 2027
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Type-Based Insights
In terms of type, the closed system drug transfer devices market is segmented into membrane-to-membrane systems and needleless systems. The membrane-to-membrane systems segment held the largest share of the market in 2019. However, the needleless systems segment is anticipated to register the highest CAGR in the market during the forecast period. The membrane-to-membrane system prohibits transfer of environmental contaminants into the system and leakage of hazardous gases outside the system. Moreover, the membrane-to-membrane system prevents introduction of harmful vapor aerosols and spills outside the system with the help of air-cleansing technology.
Technology-Based Insights
Based on technology, the closed system drug transfer devices market is segmented into diaphragm-based devices, compartmentalized devices, and air cleaning/filtration devices. The diaphragm-based devices systems segment held the largest share of the market in 2019. However, the compartmentalized devices segment is anticipated to register the highest CAGR in the market during the forecast period. Diaphragm-based devices are particularly used during pressure equalization. The technology prohibits the diffusion of hazardous vapors and offers protection from harmful exposure.
Component-Based Insights
In terms of component, the closed system drug transfer devices market is segmented into vial access devices, syringe safety devices, bag/line access devices, and accessories. The vial access devices segment held the largest share of the market in 2019. However, the syringe safety devices segment is anticipated to register the highest CAGR in the market during the forecast period. Vented vial access devices are used to safely access drugs for needleless drug preparation and administration. The vial access devices are projected to register considerable growth due to increasing drug administration. Moreover, vial access devices are required to be connected with the closed system drug transfer devices for drug administration.
End User-Based Insights
Based on end user, the closed system drug transfer devices market is segmented into hospitals & clinics, oncology centers, and others. The hospitals & clinics segment held the largest share of the market in 2019. The segment is anticipated to register the highest CAGR in the market during the forecast period. The hospitals segment is estimated to hold considerable share as majority of the patients in emerging countries as well as developed countries prefer to visit hospitals for any kind of health-related problems. Further, increasing number of hospitals and growing accessibility in emerging countries are estimated to offer lucrative growth opportunity for the hospital and clinics segment during the forecast period.
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Closed Systems Drug Transfer Devices Market: Strategic Insights
Market Size Value in US$ 374.48 Million in 2019 Market Size Value by US$ 1,661.83 Million by 2027 Growth rate CAGR of 20.5% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Closed Systems Drug Transfer Devices Market: Strategic Insights
| Market Size Value in | US$ 374.48 Million in 2019 |
| Market Size Value by | US$ 1,661.83 Million by 2027 |
| Growth rate | CAGR of 20.5% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Product launches, mergers and acquisitions, collaborations, and expansions are the commonly adopted strategies by various companies to expand their footprint worldwide and meet the growing demand by expanding their respective product portfolios. The players operating in the closed system drug transfer devices market have adopted product innovations strategy to cater to changing customer demand worldwide, which also permits them to maintain their brand name globally.
Closed System Drug Transfer Devices Market – by Closing Mechanism
- Push-to-Turn Systems
- Luer-Lock Systems
- Color-to-Color Alignment Systems
- Click-to-Lock Systems
Closed System Drug Transfer Devices Market – by Type
- Membrane-to-Membrane Systems
- Needleless Systems
Closed System Drug Transfer Devices Market – by Technology
- Diaphragm-Based Devices
- Compartmentalized Devices
- Air Cleaning/Filtration Devices
Closed System Drug Transfer Devices Market – by Component
- Vial Access Devices
- Syringe Safety Devices
- Bag/Line Access Devices
- Accessories
Closed System Drug Transfer Devices Market – by End User
- Hospitals and Clinics
- Oncology Centers
- Others
Closed System Drug Transfer Devices Market – by Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South and Central America (SCAM)
- Brazil
- Argentina
- Rest of SCAM
Company Profiles
- BD
- B. Braun Medical Inc.
- ICU MEDICAL INC.
- EQUASHIELD
- Corvida Medical
- Yukon Medical
- Caragen Ltd
- Simplivia Healthcare Ltd.
- JMS CO., LTD
- Victus, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Closing Mechanism ; Type ; Technology ; Component ; End User , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The closed system drug transfer devices provides protection against hazardous drugs or vapors during drug preparation and administration. It comprises components which enables filtering of dangerous vapors out of the system. Closed system drug transfer devices plays a major role in protection of healthcare professionals from antineoplastic as well as other harmful medications.
The factors that are driving growth of the market are growing adoption of chemotherapies and improvement of regulatory guidelines regarding hazardous drugs.
The closed system drug transfer devices market majorly consists of the players such as BD, B. Braun Medical Inc., ICU MEDICAL INC., EQUASHIELD, Corvida Medical, Yukon Medical, Caragen Ltd., Simplivia Healthcare Ltd., JMS CO., LTD., and Victus, Inc. amongst others.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Closed System Drug Transfer Devices Market – By Closing Mechanism
1.3.2 Global Closed System Drug Transfer Devices Market – By Type
1.3.3 Global Closed System Drug Transfer Devices Market – By Technology
1.3.4 Global Closed System Drug Transfer Devices Market – By Component
1.3.5 Global Closed System Drug Transfer Devices Market – By End User
1.3.6 Global Closed System Drug Transfer Devices Market – By Geography
2. Closed System Drug Transfer Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Global Closed System Drug Transfer Devices Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST Analysis
4.2.3 Asia Pacific – PEST Analysis
4.2.4 Middle East and Africa (MEA) – PEST Analysis
4.2.5 South and Central America (SCAM) – PEST Analysis
4.3 Expert Opinions
4.4 Regulatory Overview
4.5 Value Chain Analysis
5. Closed System Drug Transfer Devices Market– Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing Adoption of Chemotherapy
5.1.2 Improvement of Regulatory Guidelines Regarding Hazardous Drugs
5.2 Market Restraints
5.2.1 Lack of Regulatory Guidelines Regarding Health Workers’ Safety in Emerging Countries
5.3 Market Opportunities
5.3.1 Rising Number of Chemotherapeutic Drug Approvals
5.4 Future Trends
5.4.1 Robot-based Handling of Hazardous Drugs
5.5 Impact analysis
6. Closed System Drug Transfer Devices Market – Global Analysis
6.1 Global Closed System Drug Transfer Devices Market Revenue Forecast and Analysis
6.2 Global Closed System Drug Transfer Devices Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players
7. Closed System Drug Transfer Devices Market– Closing Mechanism
7.1 Overview
7.2 Closed System Drug Transfer Devices Market Share, Closing Mechanism, 2019 and 2027 (%)
7.4 Push-to-Turn Systems
7.4.1 Overview
7.4.1.1 Push-to-Turn Systems: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (US$ million)
7.5 Colour-to-Colour Alignment System
7.5.1 Overview
7.5.1.1 Colour-to-Colour Alignment Systems: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
7.6 Luer-Lock Systems
7.6.1 Overview
7.6.1.1 Luer-Lock Systems: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
7.7 Click-to-Lock Systems
7.7.1 Overview
7.7.1.1 Click-to-Lock Systems: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
8. Closed System Drug Transfer Device Market– Type
8.1 Overview
8.2 Closed System Drug Transfer Device Market Share, Type, 2019 and 2027 (%)
8.4 Membrane-to-Membrane Systems
8.4.1 Overview
8.4.1.1 Membrane-to-Membrane System: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
8.4.1.2 Membrane-to-Membrane System: Closed System Drug Transfer Devices Market– Volume and Forecast to 2027 (Units)
8.5 Needleless Systems
8.5.1 Overview
8.5.1.1 Needleless Systems: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
8.5.1.2 Needleless Systems: Closed System Drug Transfer Devices Market– Volume and Forecast to 2027 (Units)
9. Closed System Drug Transfer Devices Market– Technology
9.1 Overview
9.2 Closed System Drug Transfer Devices Market Share, Technology, 2019 and 2027 (%)
9.4 Diaphragm-Based Devices
9.4.1 Overview
9.4.1.1 Diaphragm-Based Devices: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
9.5 Compartmentalized Devices
9.5.1 Overview
9.5.1.1 Compartmentalized Devices: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
9.6 Air Cleaning/Filtration Devices
9.6.1 Overview
9.6.1.1 Air Cleaning/Filtration Devices: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
10. Closed System Drug Transfer Devices Market– Component
10.1 Overview
10.2 Closed System Drug Transfer Devices Market Share, Component, 2019 and 2027 (%)
10.4 Vial Access Devices
10.4.1 Overview
10.4.1.1 Vial Access Devices: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
10.5 Syringe Safety Devices
10.5.1 Overview
10.5.1.1 Syringe Safety Devices: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
10.6 Bag/Line Access Devices
10.6.1 Overview
10.6.1.1 Bag/Line Access Devices: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
10.7 Accessories
10.7.1 Overview
10.7.1.1 Accessories: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
11. Closed System Drug Transfer Devices Market– End User
11.1 Overview
11.2 Closed System Drug Transfer Devices Market Share, End User, 2019 and 2027 (%)
11.4 Hospitals and Clinics
11.4.1 Overview
11.4.1.1 Hospitals & Clinics: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
11.5 Oncology Centers
11.5.1 Overview
11.5.1.1 Oncology Centers: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
11.6 Others
11.6.1 Overview
11.6.1.1 Other: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
12. Closed System Drug Transfer Devices Market Analysis and Forecasts To 2027 – Geographical Analysis
12.1 North America: Closed System Drug Transfer Devices Market
12.1.1 Overview
12.1.2 North America: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.1.3 North America: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.1.4 North America: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.1.5 North America: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.1.6 North America: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.1.7 North America: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.1.8 North America: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
12.1.9 North America: Closed System Drug Transfer Devices Market, by Country, 2019 & 2027 (%)
12.1.10 US: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.1.10.1 US: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.1.10.2 US: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.1.10.3 US: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.1.10.4 US: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.1.10.5 US: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.1.10.6 US: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.1.10.7 US: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
12.1.11 Canada: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.1.11.1 Canada: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.1.11.2 Canada: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.1.11.3 Canada: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.1.11.4 Canada: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.1.11.5 Canada: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.1.11.6 Canada: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.1.11.7 Canada: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
12.1.12 Mexico: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.1.12.1 Mexico: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.1.12.2 Mexico: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.1.12.3 Mexico: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.1.12.4 Mexico: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.1.12.5 Mexico: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.1.12.6 Mexico: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.1.12.7 Mexico: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
12.2 Europe: Closed System Drug Transfer Devices Market
12.2.1 Overview
12.2.2 Europe: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.2.3 Europe: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.2.4 Europe: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.2.5 Europe: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.2.6 Europe: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.2.7 Europe: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.2.8 Europe: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
12.2.9 Europe: Closed System Drug Transfer Devices Market, by Country, 2019 & 2027 (%)
12.2.10 Germany: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.2.10.1 Germany: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.2.10.2 Germany: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.2.10.3 Germany: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.2.10.4 Germany: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.2.10.5 Germany: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.2.10.6 Germany: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.2.10.7 Germany: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
12.2.11 France: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.2.11.1 France: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.2.11.2 France: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.2.11.3 France: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.2.11.4 France: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.2.11.5 France: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.2.11.6 France: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.2.11.7 France: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
12.2.12 UK: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.2.12.1 UK: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.2.12.2 UK: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.2.12.3 UK: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.2.12.4 UK: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.2.12.5 UK: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.2.12.6 UK: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.2.12.7 UK: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
12.2.13 Italy: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.2.13.1 Italy: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.2.13.2 Italy: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.2.13.3 Italy: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.2.13.4 Italy: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.2.13.5 Italy: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.2.13.6 Italy: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.2.13.7 Italy: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
12.2.14 Spain: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.2.14.1 Spain: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.2.14.2 Spain: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.2.14.3 Spain: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.2.14.4 Spain: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.2.14.5 Spain: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.2.14.6 Spain: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.2.14.7 Spain: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
12.3 Asia-Pacific: Closed System Drug Transfer Devices Market
12.3.1 Overview
12.3.2 Asia-Pacific: Closed System Drug Transfer Devices Market - Revenue and Forecast to 2027 (USD Million)
12.3.3 Asia Pacific Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.3.4 Asia Pacific Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.3.5 Asia Pacific: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.3.6 Asia Pacific Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.3.7 Asia Pacific Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.3.8 Asia Pacific Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
12.3.9 Asia-Pacific: Closed System Drug Transfer Devices Market, by Country, 2019 & 2027 (%)
12.4.1 China: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.4.1.1 China: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
12.4.1.2 China Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.4.1.3 China Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.4.1.4 China: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.4.1.5 China Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.4.1.6 China Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.4.1.7 China Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
12.4.2 Japan: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.4.2.1 Japan: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.4.2.2 Japan Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.4.2.3 Japan Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.4.2.4 Japan: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.4.2.5 Japan Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.4.2.6 Japan Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.4.2.7 Japan Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
12.4.3 India: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.4.3.1 India: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.4.3.2 India Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.4.3.3 India Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.4.3.4 India: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.4.3.5 India Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.4.3.6 India Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.4.3.7 India Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
12.4.4 South Korea: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.4.4.1 South Korea: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.4.4.2 South Korea Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.4.4.3 South Korea Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.4.4.4 South Korea: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.4.4.5 South Korea Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.4.4.6 South Korea Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.4.4.7 South Korea Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
12.4.5 Australia: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.4.5.1 Australia: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.4.5.2 Australia Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.4.5.3 Australia Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.4.5.4 Australia: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.4.5.5 Australia Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.4.5.6 Australia Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.4.5.7 Australia Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
12.5 Middle East & Africa: Closed System Drug Transfer Devices Market
12.5.1 Overview
12.5.2 Middle East & Africa: Closed System Drug Transfer Devices Market - Revenue and Forecast to 2027 (US$ Million)
12.5.3 Middle East & Africa Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.5.4 Middle East & Africa Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.5.5 Middle East & Africa: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.5.6 Middle East & Africa Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.5.7 Middle East & Africa Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.5.8 Middle East & Africa Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
12.5.9 Middle East & Africa: Closed System Drug Transfer Devices Market, by Country, 2018 & 2027 (%)
12.5.10 Saudi Arabia: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.5.10.1 Saudi Arabia: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
12.5.10.2 Saudi Arabia Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.5.10.3 Saudi Arabia Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.5.10.4 Saudi Arabia: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.5.10.5 Saudi Arabia Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.5.10.6 Saudi Arabia Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.5.10.7 Saudi Arabia Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
12.5.11 UAE: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.5.11.1 UAE: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
12.5.11.2 UAE Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.5.11.3 UAE Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.5.11.4 UAE: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.5.11.5 UAE Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.5.11.6 UAE Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.5.11.7 UAE Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
12.5.12 South Africa: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
12.5.12.1 South Africa: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027(USD Million)
12.5.12.2 South Africa Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.5.12.3 South Africa Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.5.12.4 South Africa: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.5.12.5 South Africa Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.5.12.6 South Africa Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.5.12.7 South Africa Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
12.6 South and Central America: Closed System Drug Transfer Device (CSTD) Market
12.6.1 Overview
12.6.2 South and Central America: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
12.6.3 South and Central America Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.6.4 South and Central America Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.6.5 South and Central America: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.6.6 South and Central America Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.6.7 South and Central America Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.6.8 South and Central America Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
12.6.9 South and Central America: Closed System Drug Transfer Device (CSTD) Market, by Country, 2019 & 2027 (%)
12.6.10 Brazil: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
12.6.10.1 Brazil: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
12.6.10.2 Brazil Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.6.10.3 Brazil Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.6.10.4 Brazil: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.6.10.5 Brazil Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.6.10.6 Brazil Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.6.10.7 Brazil Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
12.6.11 Argentina: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
12.6.11.1 Argentina: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
12.6.11.2 Argentina Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
12.6.11.3 Argentina Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.6.11.4 Argentina: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
12.6.11.5 Argentina Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
12.6.11.6 Argentina Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
12.6.11.7 Argentina Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
13. Impact of COVID-19 Pandemic on Global Closed System Drug Transfer Device (CSTD) Market
13.1 North America: Impact Assessment of COVID-19 Pandemic
13.2 Europe: Impact Assessment of COVID-19 Pandemic
13.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
13.4 Rest of the World: Impact Assessment of COVID-19 Pandemic
14. Closed System Drug Transfer Device (CSTD) Market – Industry Landscape
14.1 Overview
14.2 Growth Strategies Done by the Companies in the Market, (%)
14.3 Organic Developments
14.3.1 Overview
14.4 Inorganic Developments
14.4.1 Overview
15. Company Profiles
15.1 BD
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 B. Braun Medical Inc.
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 ICU MEDICAL INC.
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 EQUASHIELD
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Corvida Medical
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Yukon Medical
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 Caragen Ltd
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 Simplivia Healthcare Ltd.
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
15.9 JMS CO., LTD
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.9.6 Key Developments
15.10 Victus, Inc.
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Products and Services
15.10.4 Financial Overview
15.10.5 SWOT Analysis
15.10.6 Key Developments
16. Appendix
16.1 About the Insight Partners
16.2 Glossary of Terms
LIST OF TABLES
Table 1. North America: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 2. North America: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 3. North America: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 4. North America: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 5. North America: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 6. North America: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 7. US: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 8. US: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 9. US: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 10. US: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 11. US: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 12. US: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 13. Canada: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 14. Canada: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 15. Canada: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 16. Canada: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 17. Canada: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 18. Canada: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 19. Mexico: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 20. Mexico: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 21. Mexico: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 22. Mexico: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 23. Mexico: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 24. Mexico: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 25. Europe: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 26. Europe: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 27. Europe: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 28. Europe: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 29. Europe: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 30. Europe: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 31. Germany: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 32. Germany: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 33. Germany: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 34. Germany: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 35. Germany: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 36. Germany: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 37. France: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 38. France: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 39. France: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 40. France: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 41. France: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 42. France: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 43. UK: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 44. UK: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 45. UK: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 46. UK: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 47. UK: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 48. UK: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 49. Italy: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 50. Italy: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 51. Italy: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 52. Italy: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 53. Italy: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 54. Italy: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 55. Spain: Closed System Drug Transfer Devices Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 56. Spain: Closed System Drug Transfer Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 57. Spain: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 58. Spain: Closed System Drug Transfer Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 59. Spain: Closed System Drug Transfer Devices Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 60. Spain: Closed System Drug Transfer Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 61. Asia Pacific Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 62. Asia Pacific Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 63. Asia Pacific: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 64. Asia Pacific Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 65. Asia Pacific Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 66. Asia Pacific Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 67. China Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 68. China Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 69. China: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 70. China Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 71. China Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 72. China Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 73. Japan Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 74. Japan Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 75. Japan: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 76. Japan Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 77. Japan Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 78. Japan Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 79. India Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 80. India Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 81. India: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 82. India Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 83. India Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 84. India Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 85. South Korea Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 86. South Korea Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 87. South Korea: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 88. South Korea Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 89. South Korea Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 90. South Korea Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 91. Australia Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 92. Australia Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 93. Australia: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 94. Australia Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 95. Australia Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 96. Australia Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 97. Middle East & Africa Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 98. Middle East & Africa Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 99. Middle East & Africa: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 100. Middle East & Africa Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 101. Middle East & Africa Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 102. Middle East & Africa Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 103. Saudi Arabia Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 104. Saudi Arabia Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 105. Saudi Arabia: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 106. Saudi Arabia Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 107. Saudi Arabia Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 108. Saudi Arabia Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 109. UAE Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 110. UAE Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 111. UAE: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 112. UAE Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 113. UAE Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 114. UAE Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 115. South Africa Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 116. South Africa Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 117. South Africa: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 118. South Africa Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 119. South Africa Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 120. South Africa Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 121. South and Central America Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 122. South and Central America Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 123. South and Central America: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 124. South and Central America Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 125. South and Central America Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 126. South and Central America Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 127. Brazil Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 128. Brazil Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 129. Brazil: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 130. Brazil Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 131. Brazil Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 132. Brazil Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 133. Argentina Closed System Drug Transfer Device (CSTD) Market, by Closing Mechanism – Revenue and Forecast to 2027 (USD Million)
Table 134. Argentina Closed System Drug Transfer Device (CSTD) Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 135. Argentina: Closed System Drug Transfer Devices Market, by Type – Volume and Forecast to 2027 (Units)
Table 136. Argentina Closed System Drug Transfer Device (CSTD) Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 137. Argentina Closed System Drug Transfer Device (CSTD) Market, by Component – Revenue and Forecast to 2027 (USD Million)
Table 138. Argentina Closed System Drug Transfer Device (CSTD) Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 139. Organic Developments Done by Companies
Table 140. Inorganic Developments Done by Companies
Table 141. Glossary of Terms, Closed System Drug Transfer Devices Market
LIST OF FIGURES
Figure 1. Closed System Drug Transfer Devices Market Segmentation
Figure 2. Closed System Drug Transfer Devices Market Segmentation, By Region
Figure 3. Closed System Drug Transfer Devices Market Overview
Figure 4. Push-to-Turn Systems Closing Mechanism Segment Held Largest Share of Closed System Drug Transfer Devices Market
Figure 5. APAC to Show Significant Growth During Forecast Period
Figure 6. Closed System Drug Transfer Devices Market, by Geography (US$ Million)
Figure 7. Global Closed System Drug Transfer Devices Market – Leading Country Markets (US$ Million)
Figure 8. Global Closed System Drug Transfer Devices Market, Industry Landscape
Figure 9. North America PEST Analysis
Figure 10. Europe PEST Analysis
Figure 11. Asia Pacific PEST Analysis
Figure 12. Middle East and Africa (MEA) PEST Analysis
Figure 13. South and Central America (SCAM) PEST Analysis
Figure 14. Closed System Drug Transfer Devices Market – Value Chain Analysis
Figure 15. Closed System Drug Transfer Devices Market Impact Analysis of Driver and Restraints
Figure 16. Global Closed System Drug Transfer Devices Market – Revenue Forecast and Analysis – 2019- 2027
Figure 17. Global Closed System Drug Transfer Devices Market – By Geography Forecast and Analysis – 2019- 2027
Figure 18. Market Positioning of Key Players in Global Closed System Drug Transfer Devices Market
Figure 19. Closed System Drugs Transfer Devices Market Share, Closing Mechanism, 2019 and 2027 (%)
Figure 20. Push-to-Turn Systems: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
Figure 21. Color-To-Color Alignment Systems: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
Figure 22. Luer-Lock Systems: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
Figure 23. Click-to-Lock Systems: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
Figure 24. Closed System Drug Transfer Device Market Share, Type, 2019 and 2027 (%)
Figure 25. Membrane-to-Membrane System: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
Figure 26. Membrane-to-Membrane System: Closed System Drug Transfer Devices Market– Volume and Forecast to 2027 (Units)
Figure 27. Needleless Systems: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
Figure 28. Needleless Systems: Closed System Drug Transfer Devices Market– Volume and Forecast to 2027 (Units)
Figure 29. Closed System Drug Transfer Devices Market Share, Technology, 2019 and 2027 (%)
Figure 30. Diaphragm-Based Devices: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
Figure 31. Compartmentalized Devices: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
Figure 32. Air Cleaning/Filtration Devices: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
Figure 33. Closed System Drug Transfer Devices Market Share, Component, 2019 and 2027 (%)
Figure 34. Vial Access Devices: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
Figure 35. Syringe Safety Devices: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
Figure 36. Bag/Line Access Devices: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
Figure 37. Accessories: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
Figure 38. Closed System Drug Transfer Devices Market Share, End User, 2019 and 2027 (%)
Figure 39. Hospital & Clinics: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
Figure 40. Oncology Centers: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
Figure 41. Others: Closed System Drug Transfer Devices Market– Revenue and Forecast to 2027 (US$ million)
Figure 42. North America: Closed System Drug Transfer Devices Market, by Key Country – Revenue (2019) (USD Million)
Figure 43. North America Closed System Drug Transfer Devices Market Revenue and Forecast to 2027 (USD Million)
Figure 44. North America: Closed System Drug Transfer Devices Market, by Country, 2019 & 2027 (%)
Figure 45. US: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 46. Canada: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 47. Mexico: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 48. Europe: Closed System Drug Transfer Devices Market, by Key Country – Revenue (2019) (USD Million)
Figure 49. Europe: Closed System Drug Transfer Devices Market Revenue and Forecast to 2027 (USD Million)
Figure 50. Europe: Closed System Drug Transfer Devices Market, by Country, 2019 & 2027 (%)
Figure 51. Germany: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 52. France: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 53. UK: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 54. Italy: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 55. Spain: Closed System Drug Transfer Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 56. Asia-Pacific: Closed System Drug Transfer Devices Market, by Key Country – Revenue (2019) (USD Million)
Figure 57. Asia Pacific Closed System Drug Transfer Device (CSTD) Market Revenue and Forecast to 2027 (USD Million)
Figure 58. Asia-Pacific: Closed System Drug Transfer Devices Market, by Country, 2019 & 2027 (%)
Figure 59. China: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
Figure 60. Japan: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
Figure 61. India: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
Figure 62. South Korea: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
Figure 63. Australia: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
Figure 64. Middle East & Africa: Closed System Drug Transfer Devices Market, by Key Country – Revenue (2019) (USD Million)
Figure 65. Middle East & Africa Closed System Drug Transfer Device (CSTD) Market Revenue and Forecast to 2027 (USD Million)
Figure 66. Middle East & Africa: Closed System Drug Transfer Devices Market, by Country, 2018 & 2027 (%)
Figure 67. Saudi Arabia: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
Figure 68. UAE: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
Figure 69. South Africa: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
Figure 70. South and Central America: Closed System Drug Transfer Device (CSTD) Market, by Key Country – Revenue (2019) (USD Million)
Figure 71. South and Central America Closed System Drug Transfer Device (CSTD) Market Revenue and Forecast to 2027 (USD Million)
Figure 72. South and Central America: Closed System Drug Transfer Device (CSTD) Market, by Country, 2019 & 2027 (%)
Figure 73. Brazil: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
Figure 74. Argentina: Closed System Drug Transfer Device (CSTD) Market – Revenue and Forecast to 2027 (USD Million)
Figure 75. Impact of COVID-19 Pandemic in North American Country Markets
Figure 76. Impact of COVID-19 Pandemic in European Country Markets
Figure 77. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 78. Impact Of COVID-19 Pandemic in Rest of the World Market
Figure 79. Growth Strategies Done by the Companies in the Market, (%)
The List of Companies - Closed System Drug Transfer Devices Market
- BD
- B. Braun Medical Inc.
- ICU MEDICAL INC.
- EQUASHIELD
- Corvida Medical
- Yukon Medical
- Caragen Ltd.
- Simplivia Healthcare Ltd.
- JMS CO., LTD.
- Victus, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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