Description

The Western and Eastern European Custom Procedure Trays and Packs (CPTP) market is growing rapidly. CPTPs offer off-the-shelf convenience for hospitals, reduce costs, and lead to more-efficient operating rooms with faster turnaround times. The enforcement of stricter infection control measures has also greatly aided the adoption of CPTPs, as clinical studies have proved that CPTPs can reduce infection rates significantly. However, increased competition and stricter price control among market participants is leading to greater price sensitivity and is, thus, restraining market revenue. Despite a high number of market participants, the market is controlled by a few of them such as Mölnlycke Health Care, Medline Industries, Inc., and Novartis.