Medical Foam Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Medical foams are formulated for a wide range of applications in the healthcare sector, meeting various challenges present in medical environments. These challenges include the barrier against bacteria to reduce the risk of germs and diseases spread. They offer excellent antibacterial properties which make them highly suitable for use in environments that must be aseptic. Moreover, these foams are also used in wound care, medical packaging, medical devices, and prosthetics for their excellent impact absorption and lightweight properties. The product is also used in place of conventional materials in the healthcare sector for manufacturing instruments, such as prosthetics and orthopaedic models, as they have excellent compressive and tensile strengths. In addition, the application of medical foams for the packaging of various pharmaceutical products and medical devices is projected to be another major factor contributing to the growth of the market in the near future.

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According to UnivDatos Market Insights (UMI)’ research report “Global Medical Foam Market”, the market is expected to showcase a growth of around 6% during the forecast period. The large application area, growing investment in the healthcare sector to tackle the conditions like COVID-19, improving consumer spending power, and growing health problems are some of the key attributable factors to the growth of the market.

Based on foam type, the market is categorized into flexible, rigid, and spray. Among these, flexible has a prominent share in the medical foam market. The reason for the growth of the flexible foam is its consumption in bedding & cushioning, foam dressing in wound care applications, packaging of medical devices, and others. Additionally, the demand for flexible foam is large in applications such as fabrication, lamination, and others due to its properties such as softness, moisture resistance, and mechanical properties.

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Based on application, the market is categorized into bedding & cushioning, packaging, devices & components, prosthetics & wound care, and others. Among these, bedding and cushioning have a considerable share in the medical foam market. As there is a rising incidence of non-communicable diseases due to inactive lifestyles and the increasing population is expected to boost demand for bedding & cushioning, which in turn, is likely to increase the usage of medical foam. Additionally, increasing government spending on healthcare facilities to enhance patient comfort and safety is raising the need to produce high-quality bedding and cushioning. Further, rising demand for bedding and cushioning in hospitals globally due to the ongoing COVID-19 crisis is also supporting market growth.

Asia-Pacific accounted for a considerable share of the medical foam market

The robust growth in the healthcare sector in the Asia Pacific region helped the region to obtain a considerable position in the medical foam market. Further, improving per-capita income and disposable income is encouraging consumers for more spending on their health. Moreover, the rising population is escalating the demand for pharmaceutical products thereby increasing the consumption of medical foam for packaging applications. Further, the government is helping the industry in expansion by providing subsidies and creating policies. For instance, in December 2021, during the 14th Five-Year Plan period (2021-2025), China unveiled a development plan for the medical equipment sector as part of efforts to bolster public health. This will increase the demand for medical foam in this region for various purposes in the healthcare sector.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global medical foam market include Sekisui Chemical Co., Ltd., Huntsman Corporation, BASF SE, INOAC Corporation, UFP Technologies, Inc., Armacell International S.A., General Plastics Manufacturing Company, Freudenberg Performance Materials Holding SE & Co. KG, Foamtec International Co. Ltd., and Apollo Foam Limited. These companies are taking several strategic decisions to meet the growing demand and increase their market share.

“Global Medical Foam Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.     

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Market Segmentation:

1.     By Foam Type (Flexible, Rigid, and Spray)

2.     By Material (Polymers, Metals, and Others)

3.     By Application (Bedding & Cushioning, Packaging, Devices & Components, Prosthetics & Wound Care, and Others)

4.     By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)

5.     By Company (Sekisui Chemical Co., Ltd., Huntsman Corporation, BASF SE, INOAC Corporation, UFP Technologies, Inc., Armacell International S.A., General Plastics Manufacturing Company, Freudenberg Performance Materials Holding SE & Co. KG, Foamtec International Co. Ltd., Apollo Foam Limited)

Key questions answered in the study:

1.     What are the current and future trends of the global medical foam industry?

2.     How the industry has been evolving in terms of foam type, material, and application?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global medical foam industry?

5.     What are the customer orientation, purchase behavior, and expectations from the global medical foam suppliers across various region and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL MEDICAL FOAM MARKET COVID-19 IMPACT

6 GLOBAL MEDICAL FOAM MARKET REVENUE (USD MN), 2019-2027F

7 MARKET INSIGHTS BY FOAM TYPE

8 MARKET INSIGHTS BY MATERIAL

9 MARKET INSIGHTS BY APPLICATION

10 MARKET INSIGHTS BY REGION

11 MEDICAL FOAM MARKET DYNAMICS

12 MEDICAL FOAM MARKET OPPORTUNITIES

13 MEDICAL FOAM MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY-SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER