Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The market dynamics of the medical foam market are driven by various factors including the growing demand for medical devices, advancements in healthcare technology, increasing healthcare expenditure, and the rising prevalence of chronic diseases. Medical foam, also known as medical-grade foam, is widely used in a range of applications within the healthcare sector, including wound care, medical packaging, orthopedic supports, prosthetics, and medical furniture.
One of the primary drivers of the medical foam market is the increasing demand for medical devices and products. As the global population continues to grow and age, there is a greater need for healthcare services and medical interventions. This drives the demand for medical foams, which are essential components in the manufacturing of medical devices such as wound dressings, surgical sponges, and padding materials.
Advancements in healthcare technology also play a significant role in shaping the medical foam market dynamics. Innovations in materials science and manufacturing processes have led to the development of medical-grade foams with enhanced properties such as biocompatibility, antimicrobial resistance, and breathability. These advanced foams offer improved performance and comfort for patients, driving their adoption in various medical applications.
The increasing healthcare expenditure globally contributes to the growth of the medical foam market. Governments and private healthcare providers are investing heavily in healthcare infrastructure, equipment, and services to meet the growing demand for healthcare services. This translates to a higher demand for medical foams used in medical devices, equipment, and patient care products.
The rising prevalence of chronic diseases, injuries, and surgical procedures also drives the demand for medical foam products. Chronic conditions such as diabetes, cardiovascular diseases, and obesity require long-term medical management and care, leading to a sustained demand for medical devices and products that incorporate foam materials. Additionally, the growing number of surgeries performed worldwide increases the need for foam-based products used in wound management, surgical procedures, and post-operative care.
Regulatory standards and quality requirements influence the medical foam market dynamics. Medical foams used in healthcare applications must meet stringent regulatory standards and undergo rigorous testing to ensure safety, efficacy, and compliance with medical device regulations. Manufacturers of medical foams must adhere to these standards and obtain regulatory approvals before their products can be used in medical applications.
The competitive landscape of the medical foam market is characterized by the presence of several key players who are actively engaged in research and development, product innovation, and strategic partnerships to gain a competitive edge. These companies focus on developing medical-grade foams with advanced properties and features to meet the specific requirements of healthcare applications. They also invest in expanding their production capacities and distribution networks to cater to the growing demand for medical foams globally.
Geographically, the medical foam market is segmented into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe are significant markets for medical foams, driven by advanced healthcare infrastructure, high healthcare expenditure, and a strong focus on research and development. The Asia Pacific region is expected to witness significant growth in the medical foam market due to increasing healthcare investments, growing medical tourism, and rising healthcare awareness.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Form, Material, Application |
Medical Foam Market Highlights:
Medical Foam Market Overview
In 2019, the global medical foam market value is registered as USD 25.37 billion and is expected to exhibit a significant CAGR of 6.0% with the medical foam market size of USD 40.39 billion during the forecast period (2021-2028).
Medical foam consists of special antimicrobial substances that reduce the risk of the spread of germs, bacteria, and diseases either in the hospitals or other medical sectors by its resisting quality against contaminants. Polymer foam is used in various applications that include polyurethane foam, polystyrene foam, and polyolefin foam. These foams are available with various colors, densities, and thickness combinations. The medical form has to relieve capabilities that adapt the patient’s body shape for providing comfort to the patient.
COVID-19 Analysis:
The COVID-19 pandemic is positively impacted on medical foam market due to the growing number of patients admitted to hospitals in the pandemic situation. The number of patients is increasing in the hospitals due to the increasing number of COVID-19 infection cases. The COVID-19 patients need a long time to recover which increases the number of beds and thus surged the demand for medical foam.
Moreover, the severely infected patients from coronavirus need breathing systems to cope up with the infection. This situation highly increases the demand for the medical foam to support breathing equipment and anesthesia equipment. Due to its softness and flexibility, medical foam is utilized in the production of PPE kits. These PPE kits are majorly used by healthcare professionals which propels the demand for medical foams. Hence the pandemic increases the opportunity for the key players to build innovations in the medical foam and also highly increases the demand for the global market.
Market Dynamics
Drivers
Medical foams are majorly used in the healthcare industry for several applications like medical supports, hydrophilic dressing, the healing process, medical bracing, and others. By expanding pharmaceutical industries in both developed and developing countries coupled with rising spending on healthcare infrastructure is accelerating the medical foam market growth. Increasing demand for high-quality medical products leads to an increase in the use of medical foam in various applications like medical device cushioning, PVA foams for enhancing healing process after surgery, hydrophilic foams for anti-scar dressing, wound dressings, sealing of medical device LCD screens, prosthetic padding, custom orthotics, and many more which propels the growth of the market.
Medical foams have various favorable features like softness, moisture resistance, strength, flexibility, and durability that make them irreplaceable in medical use. Due to these features, it is used in the production of bedding & cushioning products like orthopedics supports, mattresses, pads, and others. These medical forms are also used for packaging application in specialty products and medical devices for providing security against harsh climatic conditions and external resistance which is boosting the growth of the market
Restraint
Fluctuation in the raw material prices is the major factor expected to restrict the market growth. The huge research and development need more price which is hindering the market.
Opportunities
The emergence of new materials may create the opportunity to propel the demand for the market. Moreover, growing awareness among consumers regarding the benefits of medical foam is projected to provide lucrative opportunities for market growth. Rising demand for sustainable packaging materials in the medical industry is predicted to escalate market growth.
Challenges
The growing strict government rules and regulations regarding the use of medical foam across the globe are acting as the challenging factor of the market growth. A National Health Protection Scheme, Ayushman Bharat covers nearly 10 crore poor and vulnerable families by providing 5 lakh rupees per family annually for secondary and tertiary care hospitalization.
Study ObjectivesÂ
- To provide detailed information about the medical foam market structure along with various forecast segments, features, driving factors, and subsegments for the coming next 10 years.
- To provide the factors that are affecting the growth of the medical foam market value.
- To analyze the medical foam market industry analysis based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.
- To provide history and forecast revenue segments and sub-segments of the medical foam market revenue for the main geographies.
- To provide the country-level analysis of the current medical foam market size and future prospective.
- To provide country-level analysis of the foam market industry growth by region, form, and application.
- To track and analyze new product developments, strategic alliances, and global medical foam market research.
Segment Overview
The global medical foam market has been divided into segments based on form, material, application, and region.
Based on Form
The global medical foam market based on the form is classified into three types such as flexible, rigid, and spray. Among them, the flexible segment is dominating the largest market share due to growing demand in applications like bedding & cushioning, and wound dressing and is expected to exhibit a maximum growth rate during the forecast period. Rigid materials like polyethylene terephthalate glycol are used for the packaging of medical devices. Spray medical foam is used in the pre-cleaning of terminal sterilization, medical devices, or disinfection.
Based on Material
The global medical foam based on material is trifurcated into polymers, latex, and metal. Due to their superior properties like lightweight, sound absorption, and biocompatibility, polymers are widely used in medical foam. The most commonly used material in medical foam is polyurethane. Latex material is used majorly in medical bedding & cushioning. The medical foam manufactured with metallic materials has various benefits like high strength, high porosity, and excellent absorption and is preferable for implantable medical devices.
Based on Application
The global medical foam applications are categorized into few types as bedding & cushioning medical packaging, medical devices & components, prosthetic & wound care, and others. Among them, the bedding & cushioning segment is accounting the largest market share. Due to its high resilience property, flexible foams are preferred in applications like cushions, surgical beds, and wheelchair seats.
Based on Region
Region-wise, the global medical foam market is divided into five main geographies such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. Out of these regions, Asia-Pacific is accounting for the maximum medical foam market share and is estimated to grow at a significant rate during the assessment period for the expansion of the medical industry in China and India.
Regional AnalysisÂ
Geographically, the global medical foam market based on regions is analyzed into five major regions like Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. Due to the expansion of medical industries in emerging countries like India and China, Asia-Pacific is holding the largest market share with a significant growth rate in the coming years. Rising spending on healthcare along with growing healthcare awareness is driving the growth of the healthcare industry which leads to the demand for the medical foam market.
The presence of the medical industry and the increasing geriatric population are the factors driving the regional market in North America. By growing investments in research and development activities in the medical industry, Europe is holding a significant share in the global market. Rising spending on healthcare coupled with health consciousness among the consumers is boosting the growth of the market in this region.
Competitive Landscape
The prominent key players in the medical foam market outlook are the following:
- Trelleborg, Confor (Sweden)
- SEKISUI CHEMICAL CO., LTD., Softlon (Japan)
- FXI HOLDINGS INC. (US)
- UFP Technologies (US)
- Huntsman International LLC, Rubinate & Suprasec (US)
-
INOAC CORPORATION (Japan) - ARMACELL LLC (Germany)
- RECTICEL (Belgium)
- Molnlyckle Health Care (Sweden)
-
Rogers Foam Corporation (US) - Freudenberg Group (Germany)
Recent Developments
-
October 2021- A biotechnology company, Synedgen Inc. and an SWM International business, and the trusted strategic partner, Scapa Healthcare, announced a special global licensing agreement to launch two latest innovative wound care treatments. These products are built using the proprietary glycochemistry technology platform by Synedgen. The contract also offers Scapa Healthcare the right to utilize glycopolymer technology by Synedgen and several other wound care technologies. According to the contract, Scapa Healthcare can use glycopolymer technology by Synedgen for surgical care applications and dermal wounds applications. The advanced wound hydrogel formulae and glycopolymer-based wound cleanser are popular for restricting infection and encouraging wound healing by breaking mature biofilm, restricting bacterial infection, and decreasing inflammation and scarring of chronic and acute wounds and surgical incisions. Built with the Defense Advanced Research Projects Agency (DARPA) and the Defense Health Agency (DHA), these wound care treatment products are approved by the FDA. Additionally, this technology provides various opportunities for tailored wound management solutions and other superior wound care technologies, including hydrocolloids, medical foam materials, hydrogels, and collagen. - One of the leading key players, Merit Medical introduced an innovation in the medical foam industry, Torpedo gelatin foam for the embolization of hypervascular tumors. Moreover, it provides clinicians with pre-filled cartridge-filled gelatin foam along with an optional blunt stylet that eliminates the need to manually shape the foam and also offers quick and easy attachment to the catheter for delivery.
Report Overview:
This global medical foam market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the medical market drivers, restraints, challenges, and opportunities. The medical foam market forecast segments are form, material, application, and region.
Segmentation Table
The medical foam market trends have been segmented globally based on the form, material, application, and region.
By Form
Flexible, rigid, and spray.
By Material
Polymers, latex, and metal.
By Application
Bedding & cushioning medical packaging, medical devices & components, prosthetic & wound care, and others.
By Region
Asia-Pacific, Europe, North America, and the rest of the world are the four main geographies included in the medical foam market.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
