Market Overview
In 2019, the global Medical Foam Market value was registered as USD 25.37 billion. It is expected to exhibit a significant CAGR of 6.0%, with a medical foam market size of USD 40.39 billion during the forecast period (2021-2028).
Some contributing companies are as follows:
- Trelleborg, Confor (Sweden)
- FXI HOLDINGS INC. (US)
- Huntsman International LLC, Rubinate Suprasec (US)
- UFP Technologies (US)
- SEKISUI CHEMICAL CO., LTD.
- Softlon (Japan)
- INOAC CORPORATION (Japan)
Medical foam consists of particular 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, including polyurethane foam, polystyrene foam, and polyolefin foam.
Medical foams are majorly used in the healthcare industry for several applications like medical support, hydrophilic dressing, healing, medical bracing, and others. Expanding pharmaceutical industries in both developed and developing countries and rising spending on healthcare infrastructure are accelerating the medical foam market growth.
Market Segmentation
The global medical foam market has been divided into 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 others like spray.
Based on Material
The global medical foam based on material is trifurcated into three materials: polymers, latex, and metal, due to their superior properties like lightweight, sound absorption, and reliable biocompatibility.
Based on Application
The global medical foam applications are categorized into a few types like bedding cushioning, medical packaging, medical devices components, prosthetic wound care, and others.
Based on Region
The global medical foam market Size is divided into five significant geographies such as North America, Latin America, Europe, Asia-Pacific, and the Middle East Africa. The Asian Pacific region accounts for the maximum medical foam market share of these regions. It is estimated to grow at a significant rate during the assessment period to expand the medical industry in China and India.
Regional Analysis
The global medical foam market based on regions is geographically analyzed into five significant 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 holds the largest market share with a significant growth rate in the coming years. Rising spending on healthcare and growing healthcare awareness is driving the growth of the healthcare industry, which leads to the demand for the medical foam market.
By growing investments in research and development activities in the medical industry, Europe holds a significant share in the global market. Rising spending on healthcare coupled with health consciousness among the consumers is boosting the market’s growth in this region.
Industry News
- One of the leading key players, Merit Medical, introduced an innovation in the medical foam industry, Torpedo gelatin foam, to embolize hypervascular tumors. Moreover, it helps to provide clinicians with pre-filled cartridge-filled gelatin foam and an optional blunt stylet that eliminates the need to manually shape the foam and offers quick and easy attachment to the catheter for delivery.
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