Global Closed Drug Transfer Systems market will reach 1620 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/9/3

In 2018, the global Closed Drug Transfer Systems market size was 460 million US$ and it is expected to reach 1620 million US$ by the end of 2025, with a CAGR of 19.6% during 2019-2025.Millions of healthcare workers are exposed to chemotherapy and other hazardous drugs annually. Studies have shown that exposure to these hazardous drugs can cause serious health problems, “such as cancer, reproductive and development problems and other adverse effects that can be irreversible even after low-level exposures,” according to the Occupational Safety & Health Administration (OSHA), National Institute of Occupational Safety & Health (NIOSH), and Joint Commission. So, Potential market is huge in the future.

United States dominated the Closed System Drug Transfer Device (CSTD), and is the largest production base. In addition to United States, there are some other production areas, such as Europe. In consumption market, North America is the mainly consumption regions due to the bigger demand of downstream applications. In 2018, North America occupied 77.4% of the global revenue in total. But the above forecast is based on the current policy. If a country suddenly made the relevant policies, then the entire market will change.

Meanwhile, the government's attitude has a huge impact on the market. However, now, only the United States and some European and Asia countries have promulgated relevant policies. But, even in these countries, the level of promotion is still relatively low.

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