Global Medical Foam Market (2020 to 2025) - Emergence of New Foam Materials Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Medical Foam Market by Form (Flexible, Rigid, Spray), Material (Polymers, Latex, Metals), Application (Bedding & Cushioning, Medical Packaging, Medical Devices & Components, Prosthetics & Wound Care), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global medical foam market size is estimated to be USD 27.7 billion in 2020 and is projected to reach USD 37.2 billion by 2025, at a CAGR of 6.1% from 2020 to 2025.

The bedding & cushioning segment accounted for the largest share of the medical foam industry in 2019. Medical foam offers design flexibility, strength, and durability and hence is used in the construction of bedding & cushioning products such as mattresses, orthopaedic supports, pads, and others. Medical foams have compression relieving capabilities, which adapts to the patient's body shape, thus providing comfort to patients. The growth of this segment can be attributed to the increase in the ageing population and the rising construction of hospitals and medical centres across the globe.

Flexible foam is expected to be the largest segment of the medical foam market during the forecast period.

The flexible foam segment is expected to be the largest in terms of volume, owing to properties such as softness, moisture resistance, high impact & mechanical properties. Flexible foams regain their original shape even after being deformed. This property makes them suitable for use in bedding & cushioning products for patients to provide them with maximum comfort and support. Moreover, due to the ability to absorb shock, flexible foams are used in the packaging of medical devices and prosthetics.

Polymer segment is expected to lead the medical foam market during the forecast period.

Based on material, the polymer segment is estimated to account for the largest share of the medical foam market in 2020 in terms of volume. The major types of polymer foam used in medical applications include polyurethane foam, polystyrene foam, polyolefin foam, and others. The growth of the polymer segment is due to the abundant availability, ease of manufacturing, and low cost compared to other materials. Foamed polymers possess properties such as low weight, heat preservation, sound absorption, biocompatibility, and excellent cushioning.

Asia Pacific is projected to grow at the highest CAGR of the medical foam market during the forecast period.

The Asia Pacific medical foam industry has been studied for China, Japan, India, Indonesia, and the Rest of Asia Pacific. The Asia Pacific region is a lucrative market for medical foam, owing to demographic changes, increasing healthcare facilities, and expenditure.

Market Dynamics

Drivers

• Increase In Aging Population
• Rise In Global Healthcare Expenditure
• Growth Of Implantable Devices Sector
• Shift From Traditional To Advanced Wound Care Products

Restraints

• Fluctuations In Raw Material Prices

Opportunities

• Rise In Demand For Sustainable Packaging Solutions In Healthcare
• Emergence Of New Foam Materials

Challenges

• Stringent Rules & Regulations

Companies Profiled

• The Dow Chemical Company
• Sekisui Chemical Co., Ltd.
• Huntsman Corporation
• Trelleborg Ab
• BASF Se
• Recticel Nv
• Inoac Corporation
• UFP Technologies, Inc.
• FXI Holdings, Inc.
• Armacell International S.A.
• Rogers Corporation
• Freudenberg Group
• Molnlycke Health Care
• Vpc Group Inc.
• Foampartner Group
• The Woodbridge Group
• General Plastics Manufacturing Company
• Future Foam, Inc.
• Vim Technology Ltd
• Foam Techniques Ltd
• Wisconsin Foam Products
• Rynel, Inc.
• Shanghai Zhongwei New Materials Co., Ltd
• Janco Inc.
• Custom Foam Systems Ltd

For more information about this report visit https://www.researchandmarkets.com/r/uhpgee