What is Closed Drug Transfer Systems Market Scope?
Closed drug transfer systems are outlined as drug transfer devices that compel the transfer of environmental contaminants into the system and release the dangerous vapor concentrations outside the system. The system is employed to transfer hazardous medication from one receptacle to a different while not being exposed to outside atmosphere and to the one who is functioning on that. For instance, for preparing and administering therapy medication containing hazardous antineoplastic agents, there's a requirement to transfer drug from vial to syringe then from syringe to IV infusion bag. During every transfer there's an occasion for exposure to the hazardous drugs. To forestall such exposure, closed drug transfer systems are used as these exposures might result in serious health complications from skin irritation to birth defects and even some style of cancers. One among the studies demonstrates that nurses operating with cytotoxic drugs on regular basis have found a statistically higher rate of spontaneous abortion.
The Closed Drug Transfer Systems market study is being classified by Type (Membrane-to-Membrane Systems and Needleless Systems), by Application (Hospital and Oncology Centers & Clinics) and major geographies with country level break-up.
Among all the available closed drug transfer systems, chemoclave is considered as the most efficient system on the basis of exposure percentage, cost-effectiveness and amount of bio-hazardous waste generation. The demand for the system is increasing due to the growing awareness about the healthcare products. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Closed Drug Transfer Systems market throughout the predicted period.
B.Braun Medical, Inc. (United States), Becton Dickinson and Company (United States), iCU Medical, Inc (United States), EquaShield Medical (United States) and Carefusion Corporation (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Closed Drug Transfer Systems market by Type, Application and Region.
On the basis of geography, the market of Closed Drug Transfer Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Rest of Europe), MEA (Saudi Arabia, Turkey, Israel, United Arab Emirates, South Africa, Rest of Africa), North America (United States, Canada, Mexico).
Influencing Market Trend
- Increasing Number of Oncology Drug Approvals
Market Drivers
- Increasing Use of Closed System Transfer Devices to Combat the Harmful Effects of Cytotoxic or Antineoplastic Drugs
- The Rising Prevalence of Cancer
Opportunities
- New Products Innovations Are Also Helping the Market to Grow
Restraints
- Unfavorable Reimbursement Policies
Challenges
- The Bio-Hazardous Waste Generated by The Closed Drug Transfer Systems
Key Target Audience
Providers of Closed Drug Transfer Systems, Governmental and Regulatory bodies and End-Users
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