The global focus on health & periodic cleanliness and the demand for high-quality healthcare products that can satisfy the need for various medical applications is creating the demand for medical foams. Medical foams have gained a significant reputation in the healthcare industry since the last two decades owing to their outstanding applications in medical practices. The usage of medical foams in wound dressing, medical supports, prosthetic padding, medical aids, etc., and their characteristics that include softness, flexibility, absorbency and durability makes them irreplaceable in medical practices. A recent development in manufacturing technology has resulted in the creation of medical foams that offer fungal resistance, stain resistance, low outgassing and have excellent impact absorption. Medical foams also used for the packaging of specialty products and medical devices as they provide security against harsh climatic conditions and any type of external resistance. Thus, they ensure product safety during transportation and give a sense of confidence to manufacturers and consumers about the quality of the packaged product. Medical foams have made significant contributions to the medical industry. Overall, the global medical foams market is expected to witness positive growth during the forecast period.
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Medical Foams Market: Dynamics
The rising global population and increasing health concerns among consumers regarding health and cleanliness is boosting the demand for high-quality medical-grade foam that is suitable for various medical applications. This factor is also expected to continue to drive the global medical foams market during the forecast period. The rapid expansion of the healthcare industry across the globe is also propelling the demand for medical foams, which is likely to fuel the growth of the global medical foam market. Furthermore, the usage of medical foams for the packaging of various medical devices and pharmaceutical products appears to be a key factor fuelling the growth of the medical foams market.
Polyurethane foams is the highest growing segment due to the extensive usage of these products in general purpose tubing, hospital bedding, surgical drapes & wound dressings, and is expected to retain its position during the forecast period. The usage of rigid medical foams in orthotics, podiatric, hip protector pads, wheelchair pads and hygienic seating for protection and support is foreseen to contribute to the global medical foams market during the forecast period. Owing to their wide range of properties, medical foams will continue to play an important role in the future of science and medicine, which is also expected to contribute to the growth of the global medical foams market during the forecast period. In addition, increasing applicability of medical foams in the healthcare industry across the globe is projected to create enormous opportunities and fuel the growth of the medical foams market during the forecast period.
Medical Foams Market: Segmentation
Globally, the medical foams market is segmented as follows:
On the basis of material, the medical foams market is segmented into:
On the basis of product form, the medical foams market is segmented into:
- Spray Foam
- Flexible Foam
- Rigid Foam
On the basis of applications, the medical foams market is segmented into:
- Wound Dressings
- Medical supports and devices
- Prosthetic Padding
- Surgical aids
- Body and underfoot pressure relief
- Custom orthotics
- Electrode and device attachment
Medical Foams Market: Regional Outlook
The Asia Pacific excluding Japan region is expected to dominate the global medical foams market during the forecast period. The growth of the healthcare industry in this region is expected to drive the medical foams market during the forecast period. Western Europe and North America region are significant shareholders of the global medical foams market and projected to attain positive growth during the forecast period. The demand in this region can be attributed to the high living standard and consumer awareness about medical foams. In addition, Latin America and Eastern Europe are expected to witness positive growth during the forecast period.
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Medical Foams Market: Key Players
Some of the key players operating the global medical foam market are listed below:
- INOAC CORPORATION
- UFP Technologies, Inc.
- Sekisui Chemical Co, Ltd.
- FoamPartner Group
- Technical Foam Services
- Armacell International, SA
- Rempac Foam, LLC.
- Foam Sciences
- Parafix Tapes & Conversions Ltd
- Huntsman International LLC
- Polyformes Limited
- Rogers Foam Corporation
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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