The global medical foam market was valued at $23.6 billion in 2019, and is projected to reach $38.1 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027.
Medical foam is a type of foam material that is used in the medical industry and veterinary industry for various applications such as wound dressing, protective packaging, and others. It includes various properties such as softness, flexibility, light weight, resistance to water, stain resistance, and others. There are different types of medical foams that are classified depending upon its application such as heat & moisture exchange foams, wound dressing foams, hydrophilic foams, rubber foams, PVA foams, and others. HME foams are mainly used in medical breathing equipment and anesthesia equipment. Wound dressing foams are used in hydrophilic dressing applications that include effective handling of exudates. Hydrophilic foams are majorly used in wound dressing that need maintenance of moist environment. Rubber foams are used to support medical devices and medical braces. These different types of foams are mainly classified into two different types such as open-cell foam and closed-cell foam. Closed-cell foam includes polyethylene foams, polystyrene foams, polypropylene foams, and cross linked polyethylene foams. Open-cell foam includes polyurethane foams, reticulated polyurethane foams, closed-cell polyethylene foam, reticulated polyurethane foam, and Metallocene. Closed-cell medical foams are mainly used during protective packaging of medical devices owing to their properties such as resilience, durability, and light-weight. Open-cell foams are widely used for medical packaging that requires abrasion resistance, medical beds, and in surgical drapes.
Presently, the global medical foam market is driven by rising number of private and government hospitals. Rising prevalence on health and clean room conditions during surgeries are the major factors that are anticipated to drive the demand of the market during the forecast period. Growing need of medical foam in protective packaging, wound dressing, patient comfort, and medical wearables is also enhancing the demand of the market. Technological advancement of medical foam that offers additional properties such as enhanced impact resistance and fungal resistance is also expected to boost the demand for the market during the projected period of time.
The global medical foam market is segmented based on type, material, application, and region. Based on the type, the global medical foam market is studied into rigid, flexible, and molded. Based on material, the global medical foam market is bifurcated into polymer, metal, and others. The applications of medical foam are packaging, bedding & cushioning, device & components, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by Europe and North America. The major companies profiled in this report include UFP Technologies, Technical Foam Services Limited, Freudenberg Performance Materials s.a.s, Apollo Foam Limited, General Plastics Manufacturing Company, Draka Interfoam B.V., Advanced Medical Solutions Group plc., Transcontinental Advanced Coating, Foamtec Medical, and Global Medical Foam.
The global medical foam market report provides in-depth competitive analysis as well as profiles of these major players.
1.1. Key benefits for stakeholders
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report.
1.2. Key market segments
- By Type
- By Material
- By Application
- Bedding and Cushioning
- Device and Components
- By Region
- North America
- ·Rest of Europe
- ·South Korea
- ·Rest of Asia-Pacific
- ·Saudi Arabia
- ·South Africa
- ·Rest of LAMEA
Key players in the global medical foam market are:
1. UFP Technologies
2. Technical Foam Services Limited
3. Freudenberg Performance Materials s.a.s
4. Apollo Foam Limited
5. General Plastics Manufacturing Company
6. Draka Interfoam B.V.
7. Advanced Medical Solutions Group plc.
8. Transcontinental Advanced Coatings
9. Foamtec Medical
10. Global Medical Foam