Global Closed System Drug Transfer Device market size to reach US$ 1.4 Bn by 2025 at a CAGR of 17.4%
Noida, Uttar Pradesh, India, April 6 2021 (Wiredrelease) Report Ocean Pvt Ltd –:Growing emphasis on enacting occupational health and safety standards by government authorities leads to the rise in the adoption of safe healthcare solutions. The closed system drug transfer devices shield hazardous drugs or vapors during drug preparation and administration. It includes components that facilitate the filtering of dangerous vapors out of the system. Several factors lead to the growth of the closed system drug transfer devices market, including the growing adoption of chemotherapy and the improvement of regulatory guidelines concerning hazardous drugs.
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The surface wipe sampling shows environmental contamination with cytotoxic drugs in several pharmacies and inpatient and outpatient departments, where the drugs are prepared and administered to patients. The Formulation Workstream of the BioPhorum Development Group (BPDG) has pinpointed the increased use of closed system drug transfer devices with biologics, with no associated compatibility assessment, to be of significant concern. The use of such devices has increased substantially in recent years due to the recommendations by NIOSH (National Institute for Occupational Safety and Health).
Administration of doxorubicin through bolus injection may result in contamination in the environment and a risk of nurses being exposed. Small spills are often observed by nurses during syringes are connected to, and disconnected from, infusion lines. Therefore, a study has recommended that using a closed system drug transfer device significantly decreases the number of spills and level of contamination. Following these promising developments, the Global Closed System Drug Transfer Device Market is estimated to see healthy growth, pegged at a CAGR of around 17.4% throughout the forecast period 2020-2025.
While closed system drug transfer devices are valuable in the healthcare background to reduce occupational exposure to hazardous compounds; though, these devices present particular risks required to be adequately assessed before use to ensure their compatibility with specific types of drug products that are sensitive such as biologic drugs. The responsibility of making sure the quality of biologic products through preparation and administration to the patient rests with the drug product sponsor. Due to many marketed closed system drug transfer device systems and a range of components offered for each system, the researchers recommended a strategic approach to assessing compatibility. Along with the conventional material compatibility, evaluation of closed system drug transfer devices compatibility with biologics should consider added parameters to focus on specific closed system drug transfer devices related risks.
Segmentation Overview of the Global Closed System Drug Transfer Device Market
The closed system drug transfer device market is segmented into closing mechanism, type, technology, component, and end-user. These major market segments are further categorized into various sub-segments to study the market in detail.
By Closing Mechanism Outlook (Push-to-turn Systems, Color-to-color Alignment Systems, Luer-lock Systems, Click-to-lock Systems)
By Type Outlook (Membrane-to-membrane Systems, Needleless Systems)
By Technology Outlook (Diaphragm-based Devices, Compartmentalized Devices, Air Cleaning/Filtration Devices)
By Component Outlook (Vial Access Devices, Syringe Safety Devices, Bag/Line Access Devices, Accessories)
By End-User Outlook (Hospitals and Clinics, Oncology Centers, Others)
Key Players Insights
Becton, Dickinson and Company, B. Braun Melsungen AG, Corvida Medical, ICU Medical, Inc., Equashield LLC., Yukon Medical, JMS Co., Ltd., CODAN Medizinische Geräte GmbH & Co KG, Baxter International, Inc., VICTUS, and Caragen Ltd., among others, are some key market players included in the research study of the global closed system drug transfer device market.
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