Medical Foam Market was valued at US$ 16.52 Bn. in 2022 and the total Medical Foam revenue is expected to grow at 7.3% from 2023 to 2029, reaching nearly US$ 27.26 Bn.
Medical Foam Market Overview:Foams are materials that are created by trapping pockets of gas in a liquid or solid. The healthcare sector and foam production are inextricably interconnected. From the medical production process through delivery, many forms of foam are used in a wide range of healthcare applications. However, no one form of foam can be used for all applications in the healthcare field. What works well for foam mattresses and pillows may not be suitable for custom orthotics or medical device encapsulation. Medical device and pharmaceutical transportation foams allow sensitive items to be transported without being harmed. They are also effective at controlling temperature, which is essential for carrying certain types of drugs. Beaded polyethylene foam, cross-linked polyethylene foam, and expanded polystyrene foam are some of the most common forms of foam utilized in these applications. Zotefoams are also an excellent choice because they are extremely clean and nitrogen expanded. This results in minimal to no off-gassing and a superb cell structure, both of which are perfect for the strict needs of medical products. This factors are estimated to drive the growth of Medical Foam Market.
Medical Foam Market Report Scope:The Medical Foam market is segmented based on Foam Type, Product, Application, and Region. The growth of various segments helps report users in acquiring knowledge of the many growth factors expected to be prevalent throughout the market and develop different strategies to help identify core application areas and the gap in the target market. The report provides an in-depth analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. It also includes estimates based on an appropriate set of assumptions and methodologies. A bottom-up approach has been used to estimate the market size. Key Players in the Medical Foam market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included a review of annual and financial reports of leading manufacturers, while primary research included interviews with important opinion leaders and industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. Some of the leading key players in the global Medical Foam market include 3M, General Plastics Manufacturing Company, Inc., and Huntsman International LLC. The report is not only a representation of global players but also covers the market holding of local players in each country. Market structure by country with market holding by market leaders, market followers, and local players make this report a comprehensive and insightful industry outlook. The report has covered the mergers and acquisitions, strategic alliances, joint ventures, and partnerships happening in the market by region, by investment, and their strategic intent. To know about the Research Methodology :- Request Free Sample Report
Medical Foam Market Dynamics:Growing demand for medical-grade foams in dressing and cushioning applications to drive the growth of Medical Foam Market Medical grade foams are mostly utilised in the healthcare industry for a variety of purposes such as hydrophilic dressings, medical supports, medical braces, and other similar items. Its qualities include softness, lightweight, water resistance, durability, and adaptability, making it an ideal foam material for protective packaging. Furthermore, medical foams are used in customized orthotics, body underfoot pressure relief devices, prosthetic padding, and ostomy sealing equipment. Medical foams are used in the medical sector for a variety of purposes, including heat and moisture exchange foams in medical breathing equipment, wound dressing foams for hydrophilic dressing, PVA foams for improving healing after surgery, and hydrophilic foams for anti-scar dressing. Polyethylene medical foam and cross linked polyethylene foams are commonly used for medical equipment protection packing. Polyurethane foams, polyethylene foam, and Metallocene foam are examples of open cell foam. Polyurethane foam is utilised for abrasion resistance and cushioning in medical protective packaging. It is also utilised in specialist orthopaedic insole applications because it provides optimal comfort and allows podiatrists to readily evaluate foot pressure. This factors are estimated to drive the growth of Medical Foam Market. Increase in use of medical foam in spinal implants to drive the growth of Medical Foam Market The medical foam market is growing as a result of its wide qualities, which include a great strength-to-weight ratio, outstanding biocompatibility, exceptional performance, and cost effectiveness. For instance, Xenco Medical announced the nationwide launch of CancelleX Bio-inspired Spinal Implants in June 2020. These implants are the first titanium foam spine implants that have been injection-molded & pre-attached to disposable instruments. The CancelleX lumbar intrabodies from Xenco Medical are a pioneer in the use of injection moulding in the creation of titanium spinal implants. They are modelled like cancellous bone and feature interconnected porosity throughout each implant. Such product introductions are accelerating the growth of the medical foam industry, propelling the sector's growth during the forecast period. Spine Market Shares:Increased bedding and cushioning industry growth to drive the growth of Medical Foam Market The need for hospital beds, seat padding, and bed accessories including pillow, head, neck, and shoulder supports is expected to increase, which will fuel the growth of the medical foam market during the forecast period. Additionally, the need for bedding and padding has grown due to the growth of the health care industry, the construction of new healthcare facilities in rural areas, and the corona pandemic, which is expected to fuel product demand in this category. In the US community hospitals, there were 7323 beds in 2020 and 7887 in 2022. According to NITI Aayog, the Delhi government increased the number of hospital beds from 10,055 in 2019–20 to 13,844 by December 2021. The demand for medical foam is likely to increase with the increase in medical and healthcare projects around the world since they are less expensive and frequently utilised in healthcare, which is expected to drive the medical foam industry during the forecast period. Strict laws and regulations to restrict Medical Foam Market growth During the forecast period, medical foam market growth is expected to be constrained by the introduction of strict laws in the healthcare sector to guarantee the highest standards of packaging and labelling services. To ensure compliance with norms and regulations set by the pharmaceutical sector, testing and integrity-related procedures are applied to all types of medical packaging. Medical packing options and equipment must survive severe disinfectants and numerous sterilizing processes. Furthermore, it is thought that the main factor that will restrain market growth during the forecast period will be changes in the cost of raw materials like polyurethane, polyvinyl chloride, and others. As a result, the medical foam business faces significant difficulties and a slowdown due to price volatility in the medical foam market and strict laws and regulations. Raw material price fluctuations to impact medical goods supply chain to restrict Medical Foam Market growth According to the report, raw material variations are expected to be the most significant impediment to the global medical foam market. The price of benzene is determined by crude oil, and severe price fluctuations might result in losses. Similarly, the price of styrene and other raw ingredients influences the cost of polystyrene foam. Such changes are likely to impede market growth by impacting market rivals' profitability. The COVID-19 outbreak delayed raw material shipping, resulting in considerable losses for industries. However, with the gradual lifting of the restrictions, the Medical Foam market players resumed their impetus.
Segment Analysis:In the year 2022, the flexible foam type led the medical foam market and generated more than 55% of global revenue. It is expected to maintain its dominant position in the global medical foam industry while growing at a constant CAGR from 2022 to 2029. The increase in the use of flexible foam in bedding and cushioning, wound dressing, and medical packaging applications is responsible for the segment's growth. Flexible medical foam has characteristics that make it suited for use in the many applications. Due to their rising usage in prosthetics & wound care applications, such as instant bandages, spray foam type is expected to grow at the fastest rate during the forecast period. Additionally, spray foams are widely used in a variety of medical device and medical packaging applications as coatings, fillers, insulators, and air seals, which is expected to be a key factor in the segment's growth during the forecast period. Bedding & cushioning application segment led the medical foam market & accounted for more than 36 percent of the global revenue share in the year 2022. The industry is expected to develop significantly as a result of rising demand for hospital beds, seat padding, and bed accessories including pillow supports and head, neck, and shoulder supports. Additionally, the growth of health care, the construction of new hospitals in rural regions, and the corona pandemic have all increased need for bedding and cushioning, which is expected to drive up product demand in this market. The demand for medical devices is expected to increase due to the increasing prevalence of cardiovascular diseases (CVDs), the need for highly developed healthcare infrastructure, and the growing geriatric population around the world. These factors are also expected to have a positive impact on market growth.
Regional Insights:In the year 2022, North America was the dominant region and held more than 32% of the total share of medical foam industry. The demand for medical equipment is expected to rise radically over the next few years as a result of the rising per capita health spending in the U.S. The need for medical foam in the region is probably going to increase as a result. One of the key factors affecting the market in North America is the rise in per capita healthcare spending in the United States, which takes the form of health insurance. Other wealthy nations spend around half as much per person on health care as the United States does. The manufacturing of medical components and medical packaging are two of the main applications served by this sector. The recent COVID-19 outbreak in countries like the United States, China, Italy, France, & others has led to an increase in the demand for medical devices, hospital bedding, and wound dressing applications. This is expected to positively affect the product demand in the many applications.
Medical Foam Market Scope: Inquiry Before Buying
Medical Foam Market Base Year 2022 Forecast Period 2023-2029 Historical Data CAGR Market Size in 2022 Market Size in 2029 2018 to 2022 7.3% US$ 16.52 Bn US$ 27.26 Bn Segments Covered by Foam Type Flexible Foam Rigid Foam Spray Foam by Product Polyurethane (PU) Polystyrene (PS) Polyolefin Polyvinyl chloride (PVC) Others by Application Bedding & Cushioning Medical Packaging Medical Devices & Components Prosthetics & Wound Care Others Regions Covered North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America
Manufacturing Leaders in the Medical Foam Market are:1. American Excelsior Company (US) 2. American Foam Products Inc (US) 3. Heubach Corporation (US) 4. General Plastics Manufacturing Company (US) 5. Flextech (US) 6. UFP Technologies, Inc. (US) 7. FXI Holdings, Inc US) 8. RogersCorporation (US) 9. The Dow Chemical Company (US) 10.Huntsman Corporation (US) 11.3M Company (US) 12.Allied Aerofoam Products, LLC (US) 13.Rempac Foam LLC (US) 14.VPC Group Inc (Canada) 15.The Woodbridge Group (Canada) 16.Freudenberg Group (Germany) 17.Foam Techniques Ltd. (UK) 18.Trelleborg AB (Sweden) 19.Mölnlycke Health Care (Sweden) 20.Recticel NV (Belgium) 21.Armacell International S.A (Luxembourg) 22.SEKISUI CHEMICAL CO., LTD. (Japan) 23.INOAC Corporation (Japan) 1. Which is the potential market for the Medical Foam in terms of the region? Ans. North America held major share in the medical foam market in 2022. 2. What are the opportunities for new market entrants? Ans. The key opportunity in the market is Increased bedding and cushioning industry growth. 3. What is expected to drive the growth of the Medical Foam market in the forecast period? Ans. A major driver in the Medical Foam market is the Growing demand for medical-grade foams in dressing and cushioning application. 4. What segments are covered in the Medical Foam Market report? Ans. The segments covered are Foam Type, Product, Application and Region.
1. Global Medical Foam Market: Research Methodology 2. Global Medical Foam Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Medical Foam Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Medical Foam Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Medical Foam Market Segmentation 4.1 Global Medical Foam Market, by Foam Type (2022-2029) • Flexible Foam • Rigid Foam • Spray Foam 4.2 Global Medical Foam Market, by Product (2022-2029) • Polyurethane (PU) • Polystyrene (PS) • Polyolefin • Polyvinyl chloride (PVC) • Others 4.3 Global Medical Foam Market, by Application (2022-2029) • Bedding & Cushioning • Medical Packaging • Medical Devices & Components • Prosthetics & Wound Care • Others 5. North America Medical Foam Market(2022-2029) 5.1 North America Medical Foam Market, by Foam Type (2022-2029) • Flexible Foam • Rigid Foam • Spray Foam 5.2 North America Medical Foam Market, by Product (2022-2029) • Polyurethane (PU) • Polystyrene (PS) • Polyolefin • Polyvinyl chloride (PVC) • Others 5.3 North America Medical Foam Market, by Application (2022-2029) • Bedding & Cushioning • Medical Packaging • Medical Devices & Components • Prosthetics & Wound Care • Others 5.4 North America Medical Foam Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Medical Foam Market (2022-2029) 6.1. European Medical Foam Market, by Foam Type (2022-2029) 6.2. European Medical Foam Market, by Product (2022-2029) 6.3. European Medical Foam Market, by Application (2022-2029) 6.4. European Medical Foam Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Medical Foam Market (2022-2029) 7.1. Asia Pacific Medical Foam Market, by Foam Type (2022-2029) 7.2. Asia Pacific Medical Foam Market, by Product (2022-2029) 7.3. Asia Pacific Medical Foam Market, by Application (2022-2029) 7.4. Asia Pacific Medical Foam Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Medical Foam Market (2022-2029) 8.1 Middle East and Africa Medical Foam Market, by Foam Type (2022-2029) 8.2. Middle East and Africa Medical Foam Market, by Product (2022-2029) 8.3. Middle East and Africa Medical Foam Market, by Application (2022-2029) 8.4. Middle East and Africa Medical Foam Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Medical Foam Market (2022-2029) 9.1. South America Medical Foam Market, by Foam Type (2022-2029) 9.2. South America Medical Foam Market, by Product (2022-2029) 9.3. South America Medical Foam Market, by Application (2022-2029) 9.4 South America Medical Foam Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 American Excelsior Company (US) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. American Foam Products Inc (US) 10.3. Heubach Corporation (US) 10.4. General Plastics Manufacturing Company (US) 10.5. Flextech (US) 10.6. UFP Technologies, Inc. (US) 10.7. FXI Holdings, Inc US) 10.8. RogersCorporation (US) 10.9. The Dow Chemical Company (US) 10.10. Huntsman Corporation (US) 10.11. 3M Company (US) 10.12. Allied Aerofoam Products, LLC (US) 10.13. Rempac Foam LLC (US) 10.14. VPC Group Inc (Canada) 10.15. The Woodbridge Group (Canada) 10.16. Freudenberg Group (Germany) 10.17. Foam Techniques Ltd. (UK) 10.18. Trelleborg AB (Sweden) 10.19. Mölnlycke Health Care (Sweden) 10.20. Recticel NV (Belgium) 10.21. Armacell International S.A (Luxembourg) 10.22. SEKISUI CHEMICAL CO., LTD. (Japan) 10.23. INOAC Corporation (Japan)