Hazardous Drug Administration Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Hazardous Drug Administration Market is segmented By Systems (Closed, Non-Closed), By Drug Type (Hazardous Drugs, Antimitotics Drugs), By Devices (Luer Lock, CLick-to-Lock, Push-Turn-Push, Color-to-Color Alignment, Others), By Drug Form ( Liquid, Solid), By Perfusion Pressure (Gravity, Pump), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Overview

The Global Hazardous Drug Administration Market reached US$ 459.5 million in 2023 and is expected to reach US$ 1900.9 million by 2031, growing at a CAGR of 20.2% during the forecast period 2024-2031.

Hazardous drug administration is the process of handling, preparing, dispensing, and administering medications that are considered hazardous due to their inherent toxicity, carcinogenicity, teratogenicity, reproductive toxicity, or other properties that harm human health and the environment. Chemotherapy agents, immunosuppressants, antivirals, hormones, and some biological agents are among the medications available.

Ensuring patient safety during hazardous drug administration entails precise dosing, monitoring for side effects, and adhering to treatment standards. Healthcare practitioners must adhere to established processes to reduce the likelihood of prescription errors and hazardous reactions.

Market Scope

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Market Dynamics: Drivers & Restraints

Growing Awareness of Occupational Hazards

Growing awareness of occupational hazards is expected to drive the market growth. As healthcare professionals become more aware of the potential risks of exposure to hazardous medications, there is a greater demand for safety measures that reduce such hazards. As a result, healthcare facilities will require more closed system transfer devices (CSTDs), negative pressure rooms, personal protective equipment (PPE), and suitable ventilation systems. 

Regulatory organizations and healthcare institutions are focusing more on protecting healthcare workers from occupational dangers. This leads to more difficult laws and procedures for dealing with dangerous pharmaceuticals, which drives the demand for technology and equipment that assure safe administration. 

The increased awareness of occupational hazards needs improved training and education programs for healthcare personnel on safe drug handling procedures. This fuels the market for training modules, educational materials, and even specialist training institutions focused on hazardous drug safety. Thus, the above factors are expected to drive the market growth. 

High cost of Closed System Transfer Devices (CSTDs)  

Closed system transfer devices serve as specialized tools for reducing healthcare personnel' exposure to hazardous medications. While they considerably improve safety, CSTDs can be costly to purchase and implement, thereby limiting their use in some healthcare facilities, particularly in low- and middle-income nations.

Market Segment Analysis

The global hazardous drug administration market is segmented based on systems, drug type, devices, drug form, and region.

Closed-System Drug Transfer Devices (CSTDs) segment is expected to dominate the market growth

Closed-system drug transfer devices (CSTDs) are likely to dominate the hazardous drug administration market due to several significant advantages and an increased regulatory focus on safety. CSTDs are intended to reduce the exposure of healthcare workers and veterinarians to hazardous medications during preparation, delivery, and disposal. Airtight connections and barriers prevent drug vapors or aerosols from escaping, lowering the danger of inhalation or skin contact. 

To protect healthcare personnel and patients, regulatory bodies such as the United States Food and Drug Administration and the European Medicines Agency (EMA) have rigorous standards for handling dangerous medications. Many of these guidelines encourage or require the use of CSTDs to guarantee compliance with safety standards. 

Market Geographical Share

North America is expected to hold a significant position in the hazardous drug administration market share

North America is expected to hold a dominant position in the hazardous drug administration market due to the advanced healthcare infrastructure in the region, the high incidence of chronic diseases, and technological innovation.

North America has a well-developed healthcare infrastructure, including robust hospital systems, clinics, and veterinary facilities. These institutions prioritize patient safety and healthcare worker safety, which has resulted in considerable investments in technologies such as closed-system drug transfer devices (CSTDs) and biological safety cabinets (BSCs) for safer medication administration.

Cancer, autoimmune disorders, and viral diseases are common in the region, necessitating the use of hazardous medications such as chemotherapeutic agents and immunosuppressants for treatment. This involves widespread usage of hazardous medication administration procedures in the healthcare and veterinary sectors. Thus, the above factors are expected to hold the region in the dominant position.

Market Segmentation

By Systems

• Closed
• Non-Closed

By Drug Type

• Hazardous Drugs
• Antimitotics

By Devices

• Luer Lock
• CLick-to-Lock 
• Push-Turn-Push
• Color-to-Color Alignment
• Others

By Drug Form

• Liquid
• Solid

By Drug Form

• Gravity
• Pump

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Middle East and Africa  

Market Competitive Landscape

The major global players in the market include ICU Medical, Equashield, LLC, Simplivia Healthcare Ltd., Becton & Dickinson, Baxter International, Vygon SAS, JMS Co., Ltd., B. Braun Medical Inc., Yukon Medical, and Codan Medical among others.

Why Purchase the Report?

• To visualize the global hazardous drug administration market segmentation based on systems, drug type, devices, drug form, and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of hazardous drug administration market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global hazardous drug administration market report would provide approximately 53 tables, 47 figures and 176 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies