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    Medical Foam Market | Market Size, Share & Forecast Analysis | Covid-19 Impact Analysis

    Medical Foam Market | Market Size, Share & Forecast Analysis | Covid-19 Impact Analysis

    Medical Foam Market | Market Size, Share & Forecast Analysis | Covid-19 Impact Analysis
    Report code - SRHL161 Delivery - 2 Weeks
    Medical Foam Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Medical Foam Market Insights

    Medical Foam Market is likely to witness a promising CAGR of 6.1% during the forecast period. With the increasing population and extended life expectancy comes the growing ageing population, which demands for efficient care and comfort. This, along with the rising global health expenditure, rapid growth of implantable devices, and an incessant shift from traditional to advanced wound care products are some key factors adding a stir in the demand for medical foams, fueling the market’s growth during the forecast period. are some key factors adding a stir in the demand for medical foams, fueling the market’s growth during the forecast period.

    Medical Foam Market - Snapshot

    Growth

    6.1% for the next five years

    Major Form Type

    Flexible Foam

    Dominant Material Type

    Polymers

    Largest Application Type

    Bedding & Cushioning

    Region with the highest demand

    Asia-Pacific

    Key Players

    Armacell International Holding GmbH, BASF SE, Freudenberg Group, FXI Holdings, Inc., Huntsman Corporation, INOAC Corporation, Mölnlycke Health Care, Recticel NV, Rogers Corporation, SEKISUI CHEMICAL CO., LTD., The Dow Chemical Company, Trelleborg AB, and UFP Technologies, Inc.

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    Market Share Anslysis

    Medical Foam Market Share: By Form Type

    Based on the form type, the medical foam market is segmented as flexible foam, rigid foam, and spray foam. The flexible foam segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The rising demand for medical foam in applications such as bedding & cushioning, packaging of medical devices, and foam dressing in wound care, among others, coupled with its favorable properties such as softness, moisture resistance, high impact and mechanical resistance is propelling the segment’s market.

    Medical Foam Market Share: By Material Type

    Based on the material type, the market is segmented as polymers, latex, and metals. The polymers segment is expected to maintain its vanguard in the market, owing to its superior properties such as low weight, heat preservation, sound absorption, biocompatibility, and excellent cushioning, as compared to its competing materials. There has been a trend towards increasing adoption of polymers across various industries for an unimaginable range of applications, owing to the easy availability of raw materials and ease of manufacturing, which ultimately leads to cost saving.

    Medical Foam Market Share: By Application Type

    Based on the application type, the medical foam market is segmented as bedding & cushioning, medical packaging, medical devices & components, prosthetics & wound care, and others.The bedding & cushioning segment is expected to assert its supremacy in the market during the forecast period. With growing population, increased life expectancy and hence, ageing population, there has been several efforts to ensure patient comfort. Surgical beds, cushions, comfort/positioning pads, wheelchair seats, and orthopedic support are all examples of flexible medical foam application. They are the preferred choice of material for bedding and upholstery as they offer high resilience.

    Medical Foam Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. This growth can be attributed to the rapid demographic changes, increasing healthcare expenditure, excellent industrial development, and improving economic conditions. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Some of the key players in the medical foam market are-

    • Armacell International Holding GmbH
    • BASF SE
    • Freudenberg Group
    • FXI Holdings, Inc.
    • Huntsman Corporation
    • INOAC Corporation
    • Mölnlycke Health Care
    • Recticel NV
    • Rogers Corporation
    • SEKISUI CHEMICAL CO., LTD.
    • The Dow Chemical Company
    • Trelleborg AB
    • UFP Technologies, Inc

     

    Market Scope & Segmentation

    Medical grade foams are quite different than any other commodity foams in a manner that they are specially graded biocompatible, non-toxic, low particulate and sterilized, formulated for various challenging applications in the medical industry. They are needed to fulfill certain criteria and standards defined by the industry: ISO 10993 protocol, raw material formulation registered with the FDA, 510K Submissions, USP Classification, etc. These medical grade foams prove to be very crucial for the medical industry as they are resistant to contaminates and enable efficient cleansing of rooms for anti-bacterial applications, in turn, reducing the risk of disease and spread of germs which is quite common in hospitals. Technological advancements in the healthcare industry, shift from traditional to advanced wound care system, and increasing number of surgical procedures, globally, are some key factors driving the demand for medical foams.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Medical Foam Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    The medical foam market is segmented into the following categories. 

    Medical Foam Market Size, Share, & Forecast, by Form Type:

    • Flexible Foam (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rigid Foam (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Spray Foam (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Medical Foam Market Size, Share, & Forecast, by Material Type:

    • Polymers
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Material Type Analysis: Polyurethane, Polystyrene, Polyolefin, and Others)
    • Latex
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Material Type Analysis: Synthetic, Blended, and Natural)
    • Metals
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Material Type Analysis: Titanium, Copper, and Others)

    Medical Foam Market Size, Share, & Forecast, by Application Type:

    • Bedding & Cushioning (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medical Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medical Devices & Components (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Prosthetics & Wound Care (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Medical Foam Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the material types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Medical Foam Market in the foreseeable future?

    Driven by the factors like rapid growth of implantable devices & incessant shift from traditional to advanced wound care products, the medical foam market is expected to witness an impressive growth of 6.1% CAGR in the foreseeable years.

    Which type of application is expected to remain dominant in the Medical Foam Market?

    The bedding & cushioning segment is expected to remain dominant application type in the medical foam market.

    Who are the key players in the Medical Foam Market?

    Armacell International Holding GmbH, BASF SE, Freudenberg Group, FXI Holdings, Inc., Huntsman Corporation, INOAC Corporation, Mlnlycke Health Care, Recticel NV, Rogers Corporation, SEKISUI CHEMICAL CO., LTD., The Dow Chemical Company, Trelleborg AB, and UFP Technologies, Inc. are among the key players in the medical foam market.

    Which country/region is expected to remain the largest Medical Foam Market?

    Asia-Pacific is expected to remain the largest market for medical foam during the next five years.

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