DUBLIN, July 29, 2021--(BUSINESS WIRE)--The "Closed System Transfer Devices - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Closed System Transfer Devices estimated at US$457 Million in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 19.4% over the period 2020-2027.
Membrane-to-Membrane Systems, one of the segments analyzed in the report, is projected to record 19.9% CAGR and reach US$1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Needleless Systems segment is readjusted to a revised 18.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $122.8 Million, While China is Forecast to Grow at 24.7% CAGR
The Closed System Transfer Devices market in the U.S. is estimated at US$122.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$381.9 Million by the year 2027 trailing a CAGR of 24.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14% and 17.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.3% CAGR.
Select Competitors (Total 42 Featured):
B. Braun Melsungen
Baxter International Inc.
Becton, Dickinson and Company (BD)
Carmel Pharma, Inc
Codan Medizinische Gerate GmbH & Co Kg
Hospira (acquired by Pfizer)
ICU Medical, Inc.
JMS Co., Ltd.
Teva Pharmaceutical Industries Ltd.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
For more information about this report visit https://www.researchandmarkets.com/r/n8s5bk
View source version on businesswire.com: https://www.businesswire.com/news/home/20210729005455/en/
Laura Wood, Senior Press Manager
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