CLOSED SYSTEM TRANSFER DEVICE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In January 2022, ICU Medical, Inc. (US) specializes in developing, manufacturing, and selling medical devices for infusion therapy, vascular access, and vital care applications globally. bought Smiths Medical a prominent medical device manufacturer, specializes in products such as syringe and ambulatory infusion devices, vascular access, and vital care products. to expand its range of products, including syringe & ambulatory infusion devices, vascular access, and vital care products
• In March 2022, Baxter International (US) is a global leader in medical products and services. agreed with a Pfizer Inc. subsidiary to acquire the rights to Zosyn, a premixed frozen piperacillin-tazobactam product, for North America. Zosyn is used to treat intra-abdominal infections, nosocomial pneumonia, skin and skin structure infections, female pelvic infections, and community-acquired pneumonia
• In October 2023, EQUASHIELD LLC. (US) is a company that specializes in providing closed system transfer devices (CSTDs) for the safe handling of hazardous drugs in healthcare settings. Syringe Unit received additional Food and Drug Association approval for full-volume use, providing a cost-effective solution for medication compounding & administering needs
• In March 2022, Vygon SA (France) is a global medical device company specializing in single-use medical and surgical products for healthcare professionals. acquired Macatt Medica, a distribution company in Lima, Peru, to expand Vygon’s presence in South America. Macatt Medica primarily sold Vygon's products in Peru, including a line of enteral nutrition products.