New report published by Global Info Research which offers insights on the global Closed Drug Transfer Systems market.
Closed Drug Transfer Systems (Closed Drug Transfer Systems) is a drug transfer device that mechanically prohibits the transfer of environmental contaminants into a system and the escape of hazardous drug or vapor concentrations outside the system, which designed to prevent the escape of hazardous drug vapors into the environment during drug reconstitution and administration.
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Global Closed Drug Transfer Systems Market: Forecast by Type / Application / Region
In a CSTD system, there are mainly three parts. They are Closed Vial Access Devices, Closed Syringe Safety Devices and Closed Bag/Line Access Devices, respectively. Thus, amount of each type is equal. In this report, we only counted the average sales price of each type, because the three parts of a system for each company are quoted separately.
Global Closed Drug Transfer Systems Volume and Value by Manufacturers: BD Medical, Inc, Equashield, LLC, ICU Medical, Inc, Teva Medical Ltd, Corvida Medical.
On the basis on the end users/applications covers: Hospital and Clinic.
Global revenue of Closed Drug Transfer Systems was valued at 382.47 M USD in 2017, and is forecast to reach 1640.16 M USD by the end of 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.
Now some companies see the future profit, they started to expand their investment on Closed Drug Transfer Systems to occupy the market share.
For Example, Equashield, a leading provider of Closed System Transfer Devices (CSTDs) for the safe and simple handling of hazardous drugs, today held a groundbreaking for a new manufacturing plant. The company will invest an estimated $30 million to build the new plant to meet the growing market demand for manual and automated hazardous drug compounding devices.
Corvida Medical has leveraged about $6 million in non-dilutive federal, state, and private awards and secured $2.25 million in Series A proceeds to achieve critical milestones to date. Corvida completed a $10.9 million Series B over a series of tranches with the final closing in mid-2015 and is now seeking a convertible note investment, with $3.8 million already committed and on track to close Q1 2016. Management anticipates a $7-10 million Series C late 2016/early 2017 (including the convertible note proceeds) with funds to be used to scale-up manufacturing capacity, build-out production inventory, add personnel, and fuel revenue growth. Corvida has an opportunity to achieve cash flow positive within 2 years of launch (on roughly $1 million in monthly sales), and a realistic opportunity to ramp revenues to $20-30 million within 2-3 years!
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United States Closed Drug Transfer Systems Market 2018 Forecast to 2023
Europe Closed Drug Transfer Systems Market 2018 Forecast to 2023
North America Closed Drug Transfer Systems Market 2018 Forecast to 2023
Asia-Pacific Closed Drug Transfer Systems Market 2018 Forecast to 2023
China Closed Drug Transfer Systems Market 2018 Forecast to 2023
EMEA Closed Drug Transfer Systems Market 2018 Forecast to 2023
Global Closed Drug Transfer Systems Market 2018 Forecast to 2023
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