– Fact.MR’s market analysis of the medical foam market highlights increasing application in medical packaging, dental devices, and hydrophilic dressings, among others, as the key growth driver. It also offers an overview of developments across all segments, including products, materials and applications.
NEW YORK, January 31, 2022 /PRNewswire/ — Rising global healthcare spending, growing geriatric population and preference for advanced wound care products are the major factors rounding out growth prospects for medical foam manufacturers in 2022.
The sales of medical foams are expected to increase over the forecast period, owing to the growing consumer focus on health care and periodic cleanliness. According to recent market research by Fact.MR, the market is poised to expand at a positive CAGR of 4%, totaling $38 billion by 2032.
Medical foam finds applications in bedding and padding, medical packaging, medical orthopedic devices and hydrophilic dressings. The antibacterial properties of medical grade foam are boosting its application in wound care and prosthetics, further boosting the sales in the market.
Additionally, medical foams protect medical devices such as surgical equipment and digital devices including LCD screens from harsh weather conditions and ensure safety during transportation. These factors mainly favor the use of medical foam in the packaging industry.
The expansion of healthcare infrastructure is driving the construction of more hospitals and medical care centers, which translates into demand for medical foam in hospital bedding and padding.
Moreover, an increase in the demand for polyurethane foam is likely in the coming years due to its impressive properties such as biocompatibility, heat retention, sound absorption and optimal cushioning.
Medical foam is also used in bedding accessories, including pillows, neck and back braces, and shoulder support cushions. The high demand for these products will provide lucrative opportunities for medical foam manufacturers to develop comfortable and durable medical foam products.
Flexible medical foams will be in high demand during the forecast period due to increasing applications in bedding, medical packaging and wound dressings. Factors such as the resilience and soft texture of flexible foams will make them more preferable over rigid, spray foams.
According to Fact.MR, the US medical grade foam market is expected to witness healthy growth during the assessment period. The growth can be attributed to rising per capita healthcare spending and the presence of a well-established pharmaceutical industry.
“Expanding healthcare infrastructure will continue to provide tailwinds for medical foam sales. Rising applications in medical packaging and cushioning products will provide lucrative opportunities for manufacturers for market expansion “says a factual analyst from MR.
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Key Insights from Medical Foam Market Analysis
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The growth outlook for the medical foam market remains positive, with the market expanding at a CAGR of 4%, reaching $38 billion by 2032.
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Sales of flexible medical foam will gain momentum, with a CAGR of 7%.
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By material, the polyurethane medical foam market will grow at a robust CAGR of 8%, accounting for half of the market’s total sales.
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Medical foam demand in bedding and padding will continue to hold 36% market share.
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APAC will witness a CAGR of 7% in the global medical foam market to 2032.
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The US medical foam market will continue to exhibit growth patterns due to robust healthcare infrastructure and the presence of various medical device manufacturing companies.
Growth drivers:
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The increase in applications of medical foam in the packaging industry will significantly boost the sales in the market.
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The growing expansion of healthcare infrastructure will drive the sales of medical foam in the market.
Key constraints:
Medical Foam Market Customization Demand to
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Competitive landscape
Key players in the medical foam market are launching innovative products to maintain their position in the highly competitive market. Collaborations, partnerships, mergers and acquisitions are some of the other growth strategies applied by the major players in the medical foam market. For example, in April 2021, 3M pledged to reduce its plastic use by 125 pounds by 2025. The pledge aimed to reduce plastic use in all 3M products to eliminate its carbon footprint for environmental conservation and sustainable products.
Major medical foam manufacturers include:
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3M
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General Plastics Manufacturing Company
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Zotefoams plc
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Sekisui Chemical Co
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UFP Technologies
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Foamtec Medical
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Limited Foam Technical Services
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Freudenberg Performance Materials sas
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Apollo Foam Limited
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Draka Interfoam BV
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Foamtec Medical
More valuable insights into the medical foam market
Fact MR provides an unbiased analysis of the medical foam market, presenting historical demand data (2016-2020) and forecast statistics for the period 2021-2031. The study discloses compelling insights into the global medical foam market with detailed segmentation on the basis of:
Product:
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Soft medical foam
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Rigid Medical Foam
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Spray medical foam
Equipment:
Application:
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Medical foam used in bedding and stuffing
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Medical foam used in medical packaging
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Medical foam used in medical devices and components
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Medical foam used in prosthetics and wound care
Region:
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North America
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Europe
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Asia Pacific
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Central & South America
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Middle East & Africa
Key questions answered in the Medical Foam market report
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The report offers an overview of the demand outlook for the medical foam market for 2021-2031
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The market study also highlights the forecasted sales growth for the medical foam market between 2021 and 2031
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A survey of the Medical Foam Market identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the market. ‘industry
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Medical Foam Market share analysis of major companies in the industry and coverage of strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, etc.
Discover Fact.MR’s healthcare coverage
Advanced Wound Care Market – The incidence of chronic wounds is on the rise, which puts great pressure on the advanced wound care industry. Therefore, advanced wound care solutions are more readily available. Advanced wound care solutions are useful because they have features such as maintaining a constant temperature around the area to allow for optimal oxygen flow. Additionally, advanced wound care treatments help prevent infection and remove dead tissue from the wound.
Prosthetic Linings Market – The prosthetic linings market is expected to grow steadily in the near term, but with a positive outlook for the remainder of the projection period. The increasing number of trauma cases, accidental injury cases or road accidents, government initiatives related to the product and the emergence of new coating materials are major driving factors for the prosthetic coatings market. These factors lead to an increase in demand for the product and contribute to the growth of the market.
Orthopedic Appliances and Support Systems Market – An increase in the demand for orthopedic appliances and support systems has resulted from the growing prevalence of arthritis, spinal deformities, sciatic nerve, weakened muscles, paralysis, fractures and strokes. Bulging or ruptured discs, scoliosis, stress-induced back discomfort, and scoliosis are all caused by improper and heavy lifting. Additionally, the increased requirement to support weak limbs continues to drive sales of braces and supports worldwide.
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