Market Size (2015)
2015
$1.06B
Vertical: HealthcareBase Year: 201714 Sections
Market Size (2015)
2015
$1.06B
Projected (2025)
2025
$6.31B
CAGR (2015–2025)
19.6%
19.6%Key Players
105+
This report covers Closed System Drug Transfer Device CSTD Market with forecasts from 2015 to 2025. 105 key companies are profiled.
The Closed System Drug Transfer Device CSTD Market market is projected to grow at a CAGR of 19.6% from 2015 to 2025.
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansTo provide a detailed analysis of the market structure along with a forecast of various segments and sub-segments of the global closed system drug transfer device (CSTD) market.To provide a comprehensive analysis of the CSTD industry and its sub-segments in the global market, thereby providing a detailed structure of the industry To provide detailed insights into factors driving and restraining the growth of the global closed system drug transfer device (CSTD) market To estimate the market size of the global closed system drug transfer device (CSTD) market from 2015 to 2025. Wherein, 2015 and 2016 would be the historic period, 2017 shall be the base year, and 2018 to 2025 would be the forecast period for the studyTo analyze the global closed system drug transfer device (CSTD) market, on the basis of four main geographies, namely, the Americas, Europe, Asia-Pacific, and the Middle East and AfricaTo compare the products with respect to various players in the marketTo provide the country-wise market value analysis for various segments of the global closed system drug transfer device (CSTD) marketTo analyze and provide opportunities and regulatory framework persisting in the global closed system drug transfer device (CSTD) marketTo provide strategic profiling of key companies (manufacturers and distributors) present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market
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View Subscription PlansResearch Process
Market Research Future research is conducted by industry experts who offer insight into industry structure, market segmentation, assessment, competitive landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analyzing historical trends and current market positions. Furthermore, the varying trends of segments & categories geographically presented are studied and are estimated based on primary & secondary research.
Primary Research
Extensive primary research was conducted to gain a deeper insight into the market and industry performance. In this particular report, we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, Marketing Directors, Business Development Managers, and many more) of the major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and commercial study of the global closed system drug transfer device (CSTD) market. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, & developments related to the market and perspectives. For this study, analysts have gathered information from various credible sources, such as National Institute for Occupational Safety and Health (NIOSH), Food and Drug Administration, Canadian Cancer Society, Office for National Statistics, National Institutes of Health (NIH), Centers for Disease Control and Prevention, Occupational Safety and Health (OSH), US Pharmacopeia Convention, Indian Brand Equity Foundation, Annual Reports, Directorate of Industries, MRFR Analysis, SEC Filings, Journals, White Papers, Corporate Presentations, and Company Websites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent submarkets of the overall global closed system drug transfer device (CSTD) market. The key players in the market were identified through secondary research, and their market contributions in the respective geographies were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market have been covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and added with detailed inputs and analysis from market research future and has been presented in this report. The following figure shows an illustrative representation of the overall market size estimation process employed for this study.
Base Year
2017
Historical Period
2015 – 2017
Forecast Period
2017 – 2025
Primary Interviews
150+
Historical data (2015–2017) and forecast period (2017–2025)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansBargaining Power of Suppliers
The bargaining power of suppliers in the closed system drug transfer device market is high owing to the limited availability of suppliers in the market. CSTD are designed to prevent the transfer of contaminants into the environment during drug transfer between the vial and syringe. Due to the rising cases of cancer, market players are coming up with more effective approaches to reducing environmental contamination during antineoplastic drug preparation.
Currently, there are few numbers of CSTD available in the market such as ChemoClave Genie and Spiros by ICU Medical, PhaSeal by BD, Texium by CareFusion, OnGuard by B. Braun Medical, and Equashield by Equashield Medical.
Bargaining Power of Buyers
The bargaining power of buyers is medium in the closed system drug transfer device market. Patients are the major buyers for the market. The presence of buyers in the market is high due to the increasing prevalence of cancer. According to the American Cancer Society, it is estimated that around 1,735,350 new cancer cases were diagnosed in 2018. However, buyers are price sensitive, which moderately affects their bargaining power in the market.
Threat of New Entrants
The threat of new entrants is medium to low in the closed system drug transfer device market. Any drug transfer device manufacturing company trying to enter the market is required to abide by the mandatory regulatory standards. Moreover, closed system drug transfer devices require a sizable investment that makes it difficult for new businesses to begin operating in that market.
The market is also characterized by a high degree of brand loyalty where establishing a brand name is difficult for newcomers.
Threat of Substitutes
The threat of substitutes in the closed system drug transfer device market is medium. Owing to the rising awareness about the efficiency of CSTD devices, many hospitals in different regions are using CSTD devices for drug transfer. Still, there are many hospitals where the traditional needle and syringe method are used for antineoplastic drug transfer.
Intensity of Rivalry
The degree of competition in the closed system drug transfer device market is medium as there are few numbers of players in the market. The moderate degree of product differentiation among existing players also affects the intensity of rivalry in the market. Companies involved in the closed system drug transfer device market are trying to develop better and cost-effective products to make product differentiation more affordable in developing regions. To overcome the competition, players are engaged in developing a process to lower their manufacturing cost. Moreover, the players are also developing advanced techniques for differentiating their products from their rivals.
Market estimates by geography (2025)
InsightAmericas leads with $2.88B by 2025, while Asia Pacific is projected to grow fastest at a 20.9% CAGR.
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View Subscription Plans| REGION | 2015 | 2017 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| Europe | $311.11M | $780.72M | $1.81B | 19.2% | 29% |
| Asia Pacific | $206.35M | $533.45M | $1.38B | 20.9% | 22% |
| Middle East and Africa | $52.91M | $121.73M | $243.94M | 16.5% | 4% |
| Americas | $487.83M | $1.23B | $2.88B | 19.4% | 46% |
| Total | $1.06B | $2.67B | $6.31B | 19.6% | 100% |
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View Subscription PlansTotal Market Size
$6.31B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Barrier-Type | $5.53B | 19.6% | 66% |
| Filtration-Type | $786.14M | 19.6% | 72% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Closed System Drug Transfer Device CSTD Market covering market dynamics, competitive landscape, and strategic outlook.
The Closed System Drug Transfer Device CSTD Market market is projected to reach $6.31B by 2025, growing at 19.6% CAGR. The Barrier-Type segment holds the largest share.
Closed system drug transfer device (CSTD) mechanically prevents the transfer of environmental contaminants into the system and the discharge of hazardous drugs or vapor concentrations outside the system.
Exposure of healthcare personnel such as pharmacists, technicians, and ancillary pharmacy staff to hazardous antineoplastic drugs (AHD), has been a great concern for several decades. Many AHDs are carcinogens, or reproductive and developmental toxicants and their prolonged exposure could lead to skin rashes, infertility, miscarriages, congenital disabilities, and possibly leukemia or other cancers. Organizations such as the National Institute for Occupational Safety and Health (NIOSH) and the United States Pharmacopeia have recommended the use of specialized IV equipment called CSTD along with personal protective equipment (PPE) such as gloves, masks, gowns, and biological safety cabinets to minimize the exposure of patients and clinicians to hazardous drugs.
The global CSTD market is emerging due to the rising prevalence of cancer cases along with an increased risk of exposure to hazardous drugs for healthcare personnel and several safety guidelines and legislation for the use of CSTDs.
However, high cost and adverse events and statutory warning by the Food and Drug Administration (FDA) for the use of CSTDs are hampering the growth of the market.
The burden of cancer is rising globally. According to the Canadian Cancer Society, in 2017, an estimated 206,200 new cases of cancer and 80,800 deaths occurred in Canada. Moreover, the Office for National Statistics reported over 65.3% of total cancers in adults aged 65 years in the UK, in 2016.
Additionally, the National Cancer Institute of National Institutes of Health (NIH) reported that approximately 1,735,350 new cases of cancer were diagnosed in the US and 609,640 people died of cancer in 2018. This alarming rise in cancer cases among the population is driving the growth of the global CSTD market. A study from the Centers for Disease Control and Prevention reported that each year, about 650,000 cancer patients receive chemotherapy in an outpatient oncology clinic in the US. Healthcare workers are at an increased risk of developing chromosomal abnormalities due to improper handling of chemotherapeutic agents, which has risen the demand for CSTD.
CSTD is a highly specialized drug compounding and drug administration device, that is uniquely designed to prevent health care staff and patients from exposure to hazardous drugs. The NIOSH, in August 2015, published a draft performance protocol for testing CSTD on the basis of its ability to avoid leakage/spill of hazardous drugs during administration as well as through disposing process. The study concluded that the application of CSTDs reduces healthcare risks when employed in the process such as chemotherapy, etc. This led to increased adoption of CSTD among healthcare professionals and patients which is likely to create a tremendous opportunity in the coming future for the growth of the market.
Moreover, the developing nations of the Asia Pacific region (India, China, Australia, etc.) provides an opportunity for the market players to expand their presence. This can be seen in terms of low product penetration within these regional markets, i.e., in comparison to the western world. Additionally, it has been reported that the healthcare sector within this region has witnessed huge investments. For instance, according to the Indian Brand Equity Foundation in 2016, the Indian healthcare sector was projected to be one of the fastest growing industries. The healthcare sector in India is expected to register a CAGR of 22.87% from 2015 to 2020 and reach USD 280 billion by 2020. Such prevailing conditions are likely to generate opportunities for CSTD market to develop and expand within the region.
The cost of implementing CSTD is high. The use of the PhaSeal, a product of CSTD has a cost USD 92,072.28, representing an estimated annual cost of USD 368,289.14. When compared with the conventional syringe-needle approach, it is estimated to lead to additional spending of USD 35,670.64 yearly.
Additionally, it is reported that physicians, nurses, and office staffs are needed to be trained for an effective CSTD implementation, as improper handling could lead to the formation of fine aerosols that may escape into the air and expose the environment, patients, and health staff to hazardous drugs. Thus, the high cost of implementation along with a need for training make healthcare providers reluctant to adopting CSTD. This is estimated to restrain the market growth during the forecast period.
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Profiles of 105 companies operating in the Closed System Drug Transfer Device CSTD Market market, including revenue, employee count, and market positioning where available.
Showing 105 of 105 companies
Corvida Medical
Company Headquarters: Iowa City, US Company Working: Corvida Medical is a provider of advanced technologies that optimize the safe handling of hazardous medications. The company provides affordable solutions by ensuring safety and improve productivity, which facilitates healthcare providers to offer the highest quality care to their patients.
Yukon Medical
Company Headquarters: Durham, US Founded: 2008 Workforce: 50 Company Working: Yukon Medical is involved in designing innovative products that simplify drug reconstitution, medication delivery, increase caregiver safety, and address complex challenges using novel approaches. The products offered by the company include vialok vented vial access devices, vialok non-vented vial access devices, arisure closed medication system, and advanced reconstitution systems.
ICU Medical Inc.
Company Headquarters: San Clemente, CA, US Founded: 1984 Workforce: 6,802 Company Working: ICU Medical Inc. is involved in developing, manufacturing, and selling of medical devices used in vascular therapy, oncology, and critical care across the globe. The company specializes in infusion therapy, critical care, oncology drug delivery systems, infection control, nursing, medical devices, healthcare informatics, patient safety, hemodynamic monitoring, intravenous therapy, closed system transfer devices, intravenous workflow software, intravenous safety software, and intravenous smart pumps.
Equashield LLC
Company Headquarters: Port Washington, NY US Founded: 2009 Workforce: 200 Company Working: Equashield LLC is a medical device company and provides a range of automated and manual solutions to hospitals for the administration of hazardous drugs. The company’s product range includes EQUASHIELD II, EQUASHIELD Pro, and the closed system drug compounding robot. By designing and manufacturing innovative protection products, it is involved in creating a healthy and safe environment where medical professionals could treat patients in a sterile environment.
Teva Pharmaceutical Industries Ltd
Company Headquarters: Petah Tikva, Israel Founded: 1901 Workforce: 43,000+ Company Working: Teva Pharmaceutical Industries Ltd (Teva) is one of the leaders in pharmaceutical industries engaged in developing and providing services in generic medicines. The company has more than 1,800 molecules which are used to create an extensive variety of generic products in almost every therapeutic area. It is specialized in generic medicines, the central nervous system (CNS), brand and specialty medicines, oncology, active pharmaceutical ingredients, respiratory, women's health, and biologics fields. It has more than 35,000 unique products, which is more than any other pharmaceutical company. Teva produced 120 billion tablets and capsules in 2017. Geographically, it operates in regions, namely, North America, Latin America, Europe, Japan, and South Korea. The company operates in more than 60 countries worldwide. It has 26 FDA approved plants, and 31 European Medicines Agency (EMA) approved plants worldwide.
Novavax, Inc.
Company Headquarters: Maryland, US Founded: 1987 Workforce: ~2,500 Company Working: Novavax, Inc. is a biotechnology company that commercializes and develops vaccines to prevent a wide range of infectious diseases. It designs recombinant nanoparticle vaccine technology that produces a strong immune response against a variety of pathogens. It is partnered with leading biopharma organizations, government agencies, research institutions, and foundations, namely the Coalition for Epidemic Preparedness Innovations (US), the Joint Program Executive Office for Chemical, Biological, Radiological, and Nuclear Defense (US), the Serum Institute of India Pvt. Ltd. (India), SK Bioscience (South Korea), CPL Biological (India), and Takeda Pharmaceuticals (US). It has seven research and manufacturing facilities. It has presence in regions namely North America, Europe, and the Middle East and Africa
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Closed System Drug Transfer Device CSTD Market